A Debate on Bittensor | Crypto x AI Event
The Delphi Podcast16 Loka 2024

A Debate on Bittensor | Crypto x AI Event

Join us for an in-depth panel discussion on BitTensor and its native token, TAO, featuring top analysts in the crypto and AI space. Michael Rinko from Delphi Digital hosts Nick Hotz (Tangent), Sami Kassab (OSS Capital), and Seth Bloomberg (Messari) as they dive into the intricacies of BitTensor's decentralized AI network.


This comprehensive conversation covers:

► BitTensor's core mission and how it aims to decentralize AI development ► The network's structure, including subnets, miners, and validators ► TAO tokenomics and the upcoming Dynamic TAO upgrade ► Challenges and potential solutions in incentive mechanism design ► Comparisons with traditional AI development models ► The future of BitTensor and exciting milestones to watch


Watch more sessions from Crypto x AI Month here: https://delphidigital.io/crypto-ai


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Crypto x AI Month is the largest virtual event dedicated to the intersection of crypto and AI, featuring 40+ top builders, investors, and practitioners. Over the course of three weeks, this event brings together panels, debates, and discussions with the brightest minds in the space, presented by Delphi Digital.


Crypto x AI Month is free and open to everyone thanks to the support from our sponsors:


https://olas.network/

https://venice.ai/

https://near.org/

https://mira.foundation/

https://www.theoriq.ai/


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Follow the Speakers:


- Michael Rinko on Twitter/X ► https://x.com/mrink0

- Nick Hotz on Twitter/X ► https://x.com/Nick_Hotz

- Sami Kassab on Twitter/X ► https://x.com/Old_Samster

- Seth Bloomberg on Twitter/X ► https://x.com/bloomberg_seth


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Chapters

00:00 The Genesis of BitTensor: A Decentralized AI Solution

07:00 Understanding the Incentive Mechanism in BitTensor

13:14 Interfacing BitTensor with Real-World Applications

19:29 The Role of Validators in BitTensor

22:50 TAO: The Utility Token of BitTensor

39:26 Understanding TAO Emissions and Their Impact

45:11 The Role of Validators and Emission Allocation

52:43 First Mover Advantage in Decentralized AI

01:00:10 The Challenge of Retaining Talent in BitTensor

01:10:55 Future Prospects and Exciting Developments in BitTensor


Disclaimer

All statements and/or opinions expressed in this interview are the personal opinions and responsibility of the respective guests, who may personally hold material positions in companies or assets mentioned or discussed. The content does not necessarily reflect the opinion of Delphi Research, which makes no representations or warranties of any kind in connection with the contained subject matter. This content is provided for informational purposes only and should not be misconstrued for investment advice or as a recommendation to purchase or sell any token or to use any protocol.

Jaksot(475)

Robbie Heeger: Endaoment’s Donor-Advised Funds Enable Crypto Charitable Donations For 1.5M Organizations

Robbie Heeger: Endaoment’s Donor-Advised Funds Enable Crypto Charitable Donations For 1.5M Organizations

Chain Reaction Host Tom Shaughnessy hosts Robbie Heeger, the CEO and President of Endaoment. Endaoment is a new Community Foundation & public charity offering Donor-Advised Funds (DAFs) built atop the Ethereum blockchain, allowing you to donate to almost any U.S. nonprofit organization. Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first.   Show Notes: Broad Topics: Educate about DAFs and how they work. Share process of opening a DAF with Endaoment. Discuss why DAFs can be advantageous. Talk about Endaoment’s origin, mission and vision. Share about future roadmap and long term vision for the technology behind Endaoment. Discuss the charitable/philanthropic space inside of the crypto/defi industry.  Endaoment Background & Roadmap: Created by Robbie Heeger in 2019 originally as hacking project as I was teaching myself to code. Recieved 501(c)(3) – the first public charity on chain – in June 2020. Released MVP DAF product in October 2020, audited by Open Zeppelin. Built to be a DAF that is powered by smart contracts. Accepts over 135 different ethereum assets + ETH. Lowest cost, lowest donation minimum DAF provider in US. Built atop Uniswap’s open source front end, Gidestar API + USDC API. Enables giving to 1.5 million + US organizations. Consider our current DAF product an MVP of what’s possible using Ethereum/DeFi to power charitable giving  Down the road, User will choose either giving to Pooled Capital Community Fund (Endaoment Community Fund) or to an individual Endaoment DAF. Endaoment Community Fund to be the first DAO powered Community Foundation & Endowment Fund where token holders choose investment allocations across yield farming strategies in DeFi, grant awards to nonprofits and select Endaoment policies and board members using tokens.  Looking to bring those same investment options to the individual Endaoment DAF as well, without the same token based voting weights.  DAF History/Background: Donor Advised Funds are charitable accounts owned and managed by a public charity. Allows a donor to donate an asset to charity without selling it first. Over 750k DAFs in the US. Fastest-growing method to give to charity in the united states in 2019. Over 120 BN in DAF assets in the US. DAFs can be controversial … many people park assets there, take the deduction and let it sit. Many people think DAF capital should more quickly flow into communities. Crypto Giving Landscape Background: Several large DAF providers accept “blue chip” crypto, but no long tail of tokens. Most crypto giving platforms either are crowdfunding derivatives, public goods funding projects, or going one organization at a time to support giving.  Many community foundations in the US are still running off paper checks and desire to modernize their financial infrastructure but are intimidated by crypto. Many organizations are intrigued by crypto but scared away by the fluctuation in value and unknowns about custodianship…delivering grants in USD is prime concern.   Resources: Guest’s Twitter:  https://twitter.com/RobbieHeeger Guest’s Website: https://endaoment.org/ Tom’s Twitter: <a href='https://twitte

3 Joulu 202044min

Sunayna Tuteja from TD Ameritrade: The Next Wave of Bitcoin Investors

Sunayna Tuteja from TD Ameritrade: The Next Wave of Bitcoin Investors

Macro Matters host Kevin Kelly sits down with Sunayna Tuteja, Head of Digital Assets & DLT at TD Ameritrade. In this conversation, Sunayna and Kevin discuss: Consensus among traditional investors and sentiment towards Bitcoin and digital assets. The growing demand among RIAs to understand Bitcoin and its potential role in a multi-asset portfolio context. The rise of DeFi and digital assets as a kind of “Mayday” event. The importance of explaining the “how to” when it comes to education as crypto starts to seep into mainstream conversation. Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first. - Show Notes (2:21)    –  TDA’s stance on Digital Assets (7:29)    –  The rise of Digital Assets and DeFi leading to the next Mayday event (13:23)    –  DeFi as a multidisciplinary ecosystem (15:20)    –  TD’s core client & the demographic of TD’s target audience (22:40)    –  TD’s Clients, struggles with Digital Assets Space concepts (27:47)    –  The growth in Bitcoin and digital asset interest among traditional investors (33:12)    –  The mainstream movement (39:09)    –  The biggest deterrents still holding investors back & the necessary tools still needed to accelerate widespread adoption (44:29)    –  Importance of education & what we in the crypto community can do to better inform traditional investors and RIAs of the opportunities and risks in this space (49:18)   –   Closing thoughts Resources: Guest’s Twitter:  https://twitter.com/Sunayna?s=20 Guest’s Website: https://twitter.com/TDAmeritrade?s=20 Kevin's Twitter: https://twitter.com/kevin_kelly_II Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.

30 Marras 202050min

Colin and ZX: A Technical Dive Into Filecoin’s Tokeneconomics

Colin and ZX: A Technical Dive Into Filecoin’s Tokeneconomics

Chain Reaction Host Tom Shaughnessy hosts Colin Evran (Ecosystem Lead at Protocol Labs) and ZX (Cryptoeconomics Lead At Protocol Labs) for a technical deep dive into the cryptoeconomics of Filecoin’s native token (FIL).  The trio discusses the use cases for Filecoin, the minting mechanism (simple and baseline minting), storage pledges (initial pledge and consensus pledges), issuance, reward locks, token distribution, FIP changes, and more.  View Full Transcript here: https://www.delphidigital.io/podcasts/colin-and-zx-a-technical-dive-into-filecoins-tokeneconomics-video-and-transcript/   We previously had Colin on to discuss Filecoin overall: https://www.delphidigital.io/podcasts/colin-evran-filecoin-ushers-in-a-new-generation-of-cloud-storage/ Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first. - Resources: Colin’s Twitter: https://twitter.com/colinevran Zx’s Twitter:  https://twitter.com/zixuanzh Guest’s Website: https://filecoin.io/ Tom's Twitter: https://twitter.com/Shaughnessy119 Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.

27 Marras 202042min

TokenTax’s Zac and Alex: The Ultimate Crypto Tax Deep Dive

TokenTax’s Zac and Alex: The Ultimate Crypto Tax Deep Dive

Chain Reaction Host Tom Shaughnessy hosts Alex Miles and Zac McClure, the co-founders of TokenTax. The team answers our most nuanced crypto tax questions and get into detail on how the founders are scaling their tax software. This was a must-listen episode for anyone filling their crypto taxes. Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first. - Show Notes (1:35)    –  (First Question)  Token Tax Background (3:39)    –  How hard it was to do Crypto Taxes in past years (6:28)    –  Main reasons people come to Token Tax (7:56)    –  Token Tax, does it reduce Audits (12:27)    –  Minimization, a new option to calculate tax burden (18:12)    –  Is a complex Tax Code good for business (24:10)    –  Insights about Tax Loss Harvesting going into New Year (28:52)    –  What’s behind integrating New DeFi Platforms (30:30)    –  Tax implications of staking ETH 2.0 (*) (33:27)    –  Inside Token Tax and Active Aggregators (36:00)    –  Rebasing coins (*) (37:57)    –  How are rug pulls accounted for (*) (39:58)    –  Implications on moving from BTC to WBTC (*) (41:09)    –  Biggest Mistakes that the average Crypto Investor makes with their Taxes (*)   (*) questions posed by our Delphi Twitter members Resources: Guest’s Twitter:  https://twitter.com/TokenTax Guest’s Website: https://tokentax.co/ Tom's Twitter: https://twitter.com/Shaughnessy119 Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.

24 Marras 202045min

Helium’s Frank Mong: Scaling to 1M Nodes, Capping HNT Supply and 5G/WiFi Plans

Helium’s Frank Mong: Scaling to 1M Nodes, Capping HNT Supply and 5G/WiFi Plans

Chain Reaction Host Tom Shaughnessy hosts Frank Mong, the COO of Helium. The two discuss Helium’s plans to grow nodes from ~12K much higher and globally, HIP20 which will hard cap supply while allowing the network to run and future plans of WiFi and 5G. We previously covered Helium in a post in December 2019. Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first. Thank you to our sponsor Delta Exchange! Delta Exchange is one of the leading crypto derivatives exchange; offering Futures, Perps, Interest Rate Swaps, Calendar Spreads and Options on Bitcoin and over 40 Altcoins. Start trading within 30 seconds: www.delta.exchange - Show Notes (1:38)   –  (First Question)  What is Helium Network (2:50)    –  Helium’s Incentive Structure (6:40)    –  Insights about Helium’s community (13:39)    –   HNT and crypto (21:10)    –   How do you think people will interact with Helium (24:28)    –   Helium now has 12000 nodes (28:20)    –   If you want to drive demand you need to have the network available (29:40)    –   Global wireless networks (30:52)    –   Status of HIP 20 (35:35)    –   Insights about Helium’s Usage (39:25)    –   Incentivizing the community (42:17)    –   Helium biggest Risks (46:42)    –   Helium, a network that could provide 5G network coverage around the world Resources: Guest’s Twitter:  https://twitter.com/fmong Guest’s Website: https://twitter.com/Helium Tom's Twitter: https://twitter.com/Shaughnessy119 Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.

20 Marras 202049min

3LAU and Cooper Turley: Audius Is Reinventing Music Streaming

3LAU and Cooper Turley: Audius Is Reinventing Music Streaming

Tom Shaughnessy hosts 3LAU and Cooper Turley who came on the pod to discuss Audius 🎶 We discussed how Audius is completely reinventing music streaming - granting content creators and the majority of revenue and control over the platform and distribution. Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Join today to get our interviews, first! Thank you to our sponsor Delta Exchange! Delta Exchange is one of the leading crypto derivatives exchange; offering Futures, Perps, Interest Rate Swaps, Calendar Spreads and Options on Bitcoin and over 40 Altcoins. Start trading within 30 seconds: www.delta.exchange - Show Notes (1:47)    –  Audius, a music streaming protocol built on Ethereum (5:30)    –  Key differences between Audius and the traditional Music industry (7:51)    –  Largest issues in Traditional Music (12:30)    –  How decentralized is Audius / Governance module (15:45)    –  Insights about artists opting out of Spotify and Youtube (17:53)    –  Audius now has A million users (19:28)    –  Audius process for artists and users (23:10)    –  Insights about how Spotify will compete in streaming market (25:48)    –  Audius NFTs (29:35)    –  What Audius do differently for fans (31:12)    –  What does Audius need to attract Spotify’s users (31:50)    –  New ways to access the audience (34:18)    –  What’s the plan for distributing the large percent of tokens held by the insiders (*) (35:38)    –  How do you stop people from sharing music that doesn’t belong to them (*)   (*) questions posed by our Delphi Institutional Chat members Resources: 3LAU’s Twitter:  https://twitter.com/3LAU Cooper’s Twitter: https://twitter.com/Cooopahtroopa Audius Website: https://audius.co/ Tom's Twitter: https://twitter.com/Shaughnessy119 Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.

18 Marras 202037min

Red from Harvest Finance: Scaling A Community To Match $1B In TVL At Its Height

Red from Harvest Finance: Scaling A Community To Match $1B In TVL At Its Height

Chain Reaction Host Tom Shaughnessy hosts Red, a community manager at Harvest Finance. Harvest automatically farms the highest yields in DeFi. We chatted reaching $1B in TVL at its height, scaling a community over time, competition between aggregators, the recent hack and more! 🧑‍🌾 Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Join today to get our interviews, first! - Show Notes (1:31)    – (First Question)  Red or Redemption (2:05)    – Harvest Finance, an automated Yield Farming platform (5:00)    – Harvest’s Backend Walkthrough (6:22)    – A road from 0 to 500 million in deposits (12:21)    – What makes Harvest so appealing / Harvest’s Target (16:01)    – Insights about technical debt with crypto projects (20:18)    – Incentivize people to create vs automatic Yield Farming passive investors (36:30)    – What projects would Red like to have in Harvest (26:00)    – What Farmholders are receiving / Farm Token (31:35)    – What is Grain Token / What the model is for (*) (36:30)    – Insights about Hacking risks (40:50)    – Does Red know who the Hacker is (*)   (*) questions posed by our Delphi Institutional Chat members Resources: Guests Twitter:  https://twitter.com/smokatokey Harvest’s Website: https://twitter.com/harvest_finance Tom's Twitter: https://twitter.com/Shaughnessy119 Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.

17 Marras 202043min

Delphi 15: LiquidStake Launches To Bootstrap ETH 2.0 Staking

Delphi 15: LiquidStake Launches To Bootstrap ETH 2.0 Staking

Chain Reaction Host Tom Shaughnessy hosts Andrew Keys and James Slazas, the founders of DARMA Capital and LiquidStake for a timely 15-minute interview on LiquidStake's release which helps bootstrap ETH 2.0 staking by removing a key staking hurdle - allowing users to receive a loan against the ETH they lockup in the staking contract.  Check out LiquidStake: https://liquidstake.com/ Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Join today to get our interviews, first! - Resources: LiquidStake's Website: https://liquidstake.com/ Tom's Twitter: https://twitter.com/Shaughnessy119 Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.

16 Marras 202015min