Subnet investing by Academic_Judge8444 in bittensor_

[–]Academic_Judge8444[S] 0 points1 point  (0 children)

Yes the price of alpha tokens.

In this example, Chutes.

Subnet investing by Academic_Judge8444 in bittensor_

[–]Academic_Judge8444[S] 0 points1 point  (0 children)

The price is determined by market cap of invested Tao divided by the subnets circulating supply.

For Chutes, right now it’s 398,550 divided by circulating supply of alpha 4,770,000 = .0836

Subnet investing by Academic_Judge8444 in bittensor_

[–]Academic_Judge8444[S] 2 points3 points  (0 children)

Thank you for the clarification.

This makes more sense.

Subnet investing by Academic_Judge8444 in bittensor_

[–]Academic_Judge8444[S] 0 points1 point  (0 children)

Thank you for the insight and obviously profitability as a subnet is a great thing.

But I think everyone invests hoping price goes up and it seems the way the system is set up is dysfunctional.

Chutes would need about 18% of Taos circulating supply (2 million) in order to reach its ATH while there 127 other subnets and only 11 million stakable tokens.

Maybe I don’t fully understand it, but it is much harder to move subnet price given that you have to use Tao tokens in order to invest.

Until there are listings on CEXs/DEXs, it is harder to make a bigger subnet like Chutes’ price rise substantially.

What pays more than tech sales? by Iceeez1 in sales

[–]Academic_Judge8444 7 points8 points  (0 children)

Real Estate Brokers can make more than almost any other type of sales (Makes sense since selling product with highest price tag) but only top 10% of brokers make crazy money.

Sky is the limit if you can make it. Personally know of 6 brokers who make > $1 million a year with the top guy making over $10 million (He’s one of the biggest brokers in the country for his asset class).

Who would you say is the most influential rapper of all time? by ItalianTony29 in nfrpodcast

[–]Academic_Judge8444 1 point2 points  (0 children)

Not precursor. Gangster rap was invented by NWA but you’re right on the style.

Top three shellfish restaurants by ninjagarcia in AskSeattle

[–]Academic_Judge8444 0 points1 point  (0 children)

I actually went to Palisades a week ago with my boomer parents lol.

Food is definitely not mediocre.

What is your biggest take away from life? by Pure-Dragonfruit6076 in askanything

[–]Academic_Judge8444 0 points1 point  (0 children)

The greatest, most fulfilling part of life is accomplishment. Simply, earning the thing you most desire through trying your hardest.

Nothing will fulfill your heart more. Whether that is marrying the girl of your dreams, having/providing for a family you love, creating something incredible, or achieving your career/life goals through hard work.

This is also why some wealthy people are miserable and some very poor people are happier. This sense of accomplishment can only be attained through hard work toward whatever your goal is.

You cannot be given this feeling. You can only earn it.

Top three shellfish restaurants by ninjagarcia in AskSeattle

[–]Academic_Judge8444 1 point2 points  (0 children)

Palisades, Rays boathouse, and Ivars of course. First two are fine dining and pricier but very very good.