SUMMARY: In this livestream, Alessandro discusses the first Bittensor ($TAO) halving, which halves daily emissions from 7,200 to 3,600 $TAO, reducing sell pressure from subnets that receive and sell these tokens to fund operations.
He highlights Bittensor’s role as a decentralized incentive network for AI subnets (e.g., Ridges AI outperforming GPT-5 on benchmarks, Chutes offering cheaper compute than AWS), contrasting their low-valuations against centralized AI giants amid booming AI adoption and capex.
Despite past supply overhangs causing price declines, he favors holding staked $TAO over $ETH for its “network of networks” upside potential per Metcalfe’s Law, advocating simple indexing over subnet picking.
The halving signals reduced inflation (now ~9% APY), positioning $TAO as a high-conviction bet on decentralized AI’s competitiveness.
By: Crypto Banter
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