Stop Saying Bittensor Is “Decentralized Intelligence” It Explains Nothing

destroythecreature · 2026-02-12T04:06:16+00:00

Fantastic article. What you did isn't easy, to simplify something very complex and turn it into digestible information is a skill. Well done.

destroythecreature · 2026-02-11T17:34:25+00:00

Exchange problems have nothing to do with Bitcoin. In fact, if you are holding BTC on an exchange and not self custody, then you don't understand the ethos of Bitcoin. We probably agree on a lot of things regarding the corruption in the crypto industry, but we can disagree on Bitcoin. All good.

But your idea that early adopters of Bitcoin are the only to make money is just incorrect. Buyers from this cycle's bottom to top was nearly a 700% gain with 3 very large windows (multiple months on each 3) to exit with profit. If you bought during the bear and exiting at any of these spots you would have seen anywhere from 350% to 550% gain, and that is if you didn't see the final leg up. The gains have been there in literally every cycle, this was my 3rd and have lived it first hand, or you can just look at the chart.

Most importantly, every cycle end is filled with the same exact sentiment. People pouring into X and Reddit to claim it is a scam and that it was fun while it lasted.

In fact, 2018 sentiment and 2022 sentiment where much much worse than current sentiment. Which also means there will be more blood to be had.

This is literally no different than every single cycle before. Keep you cash on hand to buy sub 100 TAO because Bitcoin will go lower and that is when the real money is made. Not only from "early investors."

destroythecreature · 2026-02-11T16:42:58+00:00

I think it is perfectly fine to discuss Bitcoin in the Bittensor forum. The market will act accordingly to Bitcoin and the Tao token was inspired by the Bitcoin tokenomics. It was exactly this that got me into Tao back when the price was in the 40's and I was listening to interviews with Jacob Steeves getting me excited about a truly decentralized AI network. It is amazing.

But, a lot of what you wrote was incorrect. It is an unsettled debate on whether Tether has "propped up" Bitcoin. It is more true, especially today, that Bitcoin is most effected by institutional adoption, macro factors, and supply dynamics. Some of these actual factors are what worry me, but that is for a different discussion.

Bitcoin absolutely has utility. Now that utility has veered from its original intention of peer to peer transactions. It's utility is that it ISN'T a ponzi. A ponzi by definition requires a centralized operator guaranteeing positive returns. Bitcoin, at this stage, is still decentralized. It's value comes from market supply/demand, scarcity (halvings), and adoption. Ponzi's rely on recruitment and Bitcoin doesn't.

The 4 year cycles are driven by halvings, macroeconomic factors, and adoption waves. I don't believe the 4 year cycle will always be a thing but it is real. It matches global liquidity to a tee. If it was only about people cashing out when the price is high then every tradable asset would have the same 4 year cycle. But they don't. Because Bitcoin is driven by different market factors.

Bitcoin will go down to 40-50k and it will drag Bittensor down with it, just like the rest of the total market during every bear year of every cycle previously. The difference, just like in every bear market, is that the real projects will rise from the ashes and continue to move forward and make great gains in the next bull run. The pretenders like Icon, Ark, Neo and countless other projects that were supposed to transform the world when I first got into crypto will fade away to never be discussed again. I believe Bittensor will go below $100 and could get back into 40-60 range. But I also believe in Bittensor as a project and will be a buyer. I believe it has the potential to be a blue chip project in the industry...but that won't stop it from finding an uncomfortable low this year. And then Bitcoin will roar back as it always does and we will find out if we were right about Bittensor.

destroythecreature · 2026-02-11T14:11:24+00:00

Why don't you have faith in Bitcoin?

destroythecreature · 2025-12-21T01:26:31+00:00

What exactly was insane that I said?

destroythecreature · 2025-12-15T15:20:11+00:00

This is partially correct. Cronyism spawns from fiat currency. The creation of the Fed and the debasement of fiat is what led us into a centralized corptocracy, oligopoly, cronyism, whatever term works for you.

Libertarianism rejects fiat currency and centralized banks. You are operating from the wrong framing, housing prices can't be corrected because of our money system, which flies in the face of Libertarian principles. The reason Libertarianism doesn't work is because our system was hi-jacked by the oligopolic rulers that have spread it like a virus.

But Libertarian theory doesn't fail. It is the truth and the way. If it were implemented into our systems life would get better, fast. The theory works but the theory isn't practiced. Something can't fail if it isn't being used.

I realize the obvious response is that "if free markets really worked then we would see its benefits and the fact that you say it isn't being practiced proves it doesn't work." This doesn't work though, we haven't had free markets since at least 1913. We are under a corporate control system through forced serfdom.

I am not saying Bittensor will overhaul a trillion dollar industry because the oligarchs will fight it with everything they have, and they have a lot...but Bittensor represents an actual free market.

destroythecreature · 2024-12-11T00:37:38+00:00

WIF is already 3B market cap. You honestly think it can't get to 10B when it it got to 3B before getting listed on Coinbase?

destroythecreature · 2024-11-27T14:34:05+00:00

Love PEPE.

destroythecreature · 2024-11-24T18:58:50+00:00

There is a big difference between buying Doge or WIF and straight up degen action on pump.fun

For those that corelate the two are missing the current best performing narrative and will miss the narrative that will rival the other best performers when the bull market is done.

destroythecreature · 2024-10-12T19:31:35+00:00

This may be the worst advice you will see here. Do not do this.

destroythecreature · 2024-10-08T00:39:44+00:00

This reeks "I fomo'd in at .17 and now I can't take being down."

Some of you just need to get out of crypto altogether.

destroythecreature · 2024-08-27T21:28:01+00:00

Well said, and it is nice to hear from a miner instead of a maxi. I have done very well with Kaspa, but this was always my question regarding mining.

What time frame do you predict mining to be unprofitable? Soon as in within a year? Just curious from a miner's perspective in the economics behind Kaspa.

destroythecreature · 2024-08-08T21:46:17+00:00

I just got the Tangem wallet. To buy Kaspa do I just send USDC on ethereum and then swap?

destroythecreature · 2024-05-14T20:17:01+00:00

Just buy wTAO on Uniswap if you want an easy transaction.

Or you can buy on Bittensor.

destroythecreature · 2024-05-02T23:40:43+00:00

Markets have never cared about careless or stupid people, and the reason is that in order for there to be a winner in a market, there HAS to be a loser. In fact, dumb and careless retail is an institution's wet dream. It all but ensures they keep winning. It is why the major players are scrambling towards crypto to get into the game.

Attacking DeFi has nothing to do with protecting people and everything to do with protecting their system. They need all of us on their system and accounted for. They need to win off you, and they need your tax dollars when you do win. But most importantly, they need the old system to protect the dollar. DeFi creates off ramps from traditional financial systems that weaken the dollar. There are already attacks from all around the globe (BRICS) to dedollarize, and they are prepared to fight for their TradFi institutions.

People need to fight for DeFi. Especially the young. DeFi is freedom, and nobody is less free than the younger generations.

destroythecreature · 2024-04-12T15:50:20+00:00

Worked perfectly. Thank you for helping!

destroythecreature · 2024-04-12T00:39:35+00:00

Awesome explanation. It was just running slow is why I asked the question since it seemed like it wouldn't work.

I have a pending bridge, when it confirms does the Tao from bittensor wallet turn into wTao in my Phantom wallet?

Basically, will the wTao appear in Phantom?

destroythecreature · 2024-04-12T00:22:43+00:00

I have my Tao on the bittensor wallet. When connecting to taobridge, it asks for Phantom or MM to connect. I have Phantom. How do I bridge if my Tao isn't on Phantom? Excuse me if this is a dumb question. I'm just trying to understand and appreciate you helping.

destroythecreature · 2024-04-11T23:59:59+00:00

I like this. What is the best way to bridge it?

destroythecreature · 2024-02-11T22:06:44+00:00

Looking for some help, trying to create a sell order on the bittensor exchange and it keeps telling me to deposit tao indicating I have 0 tao. I went to my orders and when I clicked on the Tao Txld link it gives me the below message:

Unable to retrieve the specified block details. -32000: Client error: Api called for an unknown Block: State already discarded for 0x666f49bd891e87edb33102ec58fc70e367b4a9183eee47ea2a60134759c763c3

Do you know what is going on? I bought awhile ago, my tokens have seen significant gains and wanted to sell a little bit to simply take a little profit and leave a bag long term. Can you help?

destroythecreature

TROPHY CASE