Bittensor OGs: Bittensor Doesn't Need Big Money

Added: 2026-05-26

[00:00:00]I don't know what to tell you.

[00:00:01]>> 1,000x in the price of tow from its current price. Everything is just being done better on Bit Tensor. Hey, this is Travis. There's a lot of concern about what Bit Tensor should be doing, what it needs. People are saying like it needs big institutional investors. That's what it needs. Now, in this video, I want to go over kind of the OG mindset within Bit Tensor. These are the people who have been in Bitensor since nearly the very beginning. I wouldn't consider myself one of those. And I want to give you my thoughts, my ideas about what a BitTensor OG what they're thinking, right? Because when they look at the price of Tao, they're not thinking like what does Bit Tensor need to pump this up, which I think is what many people mean when they say this is what Bit Tensor needs. The first thing I would say is that a Bit Tensor OG thinks very long term. So they're not really concerned about what the price of tow is going to be this year. They're more concerned about a five or 10 year time horizon and they want to be making sure that what is built today is going to last potentially hundreds of years. So when you're, you know, zoomed in on your 4hour candlestick chart and you're wondering like why hasn't the price of tow gone up? Like there's got to be some sort of problem here. Now, Bit Tensor OG doesn't think that. I think they've been here long enough to understand that in the long run, Bit Tensor's price will increase. And what it needs to increase is some strong fundamentals around the chain. Because if they can get incentives aligned and those fundamentals working as good as possible then of course the price is going to go up at least in the long term because there's going to be no better way on earth to produce the commodities in bit tensor because at its core bitensor is just a series of global competitions to produce commodities and whoever can produce the commodities the best is rewarded the most. So whether that's weather predictions, storage, finding leads or code generation, etc., etc. If there's a global competition to produce a commodity, the best way in the world that it can be done is through a global competition. Then we can find out who's the best in the world. We can use their work and pay them accordingly. And then centralized providers just won't be able to compete. So an OG has that understanding. They understand that if you can get incentives aligned on the network that eventually, you know, you're going to have state-of-the-art in many different disciplines within Bit Tensor and then some of those are going to catch fire and take off and when those take off, then Bit Tensor will get some notice and then others will take off, etc., etc. However, the OG's timeline is not the same that you're hoping for. you know, you're hoping for the price to pump tomorrow. An OG says, I would like it, I guess, if the price pumped tomorrow, but you know, I could also take a price jump in a year or in 5 years. The OG's mindset is more about how can we build the foundation today from which we get these perfectly aligned incentives. Now, Bit Tensor's incentives are pretty well aligned already, but it's not perfect. So OGs tend to care about the more arcane things within the network. Stuff like weight copying, emissions distribution, you know, they don't want the protocol to be giving emissions to subnets that are not productive. And then there's a whole bunch more like really small tiny details, small tweaks that can be improved on the network and they care about those and they should care about those because everything that is being done correctly or will be done correctly now is going to have a multiplicative effect in the future. For example, if weight copying stops being a thing, which it pretty much can be already, I think if more subnets turn on commit and reveal, then it'll be harder to get Tao, it'll make Tao more scarce. It will require more work to get Tao and therefore TOAO becomes more valuable.

[00:04:08]And the sooner that that is addressed, the more scarce that Tao becomes, the more difficult it becomes to acquire TOAO sooner. And then when a scam comes along like say the old subnet 6710X and a lot of investors get hurt, the Bit Tensor OGs, they check to make sure that there's no systemic problems on Bit Tensor. You know, no problems with how incentives are aligned in the network and then they move on. Now, we saw with Templar Subnet 3, again, I'm not associated with that subnet. the subnet owner there dumped all of their tokens and then the Bit Tensor OGs came and they looked at the situation and they said, you know, incentives are fairly aligned because investors when they invest in anything are taking a risk, but I wonder if there's something that could be better here and they already were working on something better. We now have conviction within Bit Tensor where a subnet owner can voluntarily lock up their tokens to just show to their alpha holders that we're not going to dump.

[00:05:10]And it's really like an elegant solution because subnet owners do not have to lock up any of their alpha. They can choose not to. But me as a staker, I want to invest in the subnets that I know are not planning on dumping on me.

[00:05:25]And so now we've got this solution that's very innovative, right? you know, there's a way for subnet owners to gain emissions, but also let their stakers know that they're not planning on doing a rug pull on the subnet. So, out of this, we're going to learn all the subnets that, you know, are here for the long term. And the fact that it's voluntary, I think, is fantastic, right?

[00:05:48]Like some subnets might not want the lockup because your operating expenditures might be very high for the subnet and with good reason, right? And so, you need those emissions. So, as a subnet owner, you don't have to lock up.

[00:06:00]And then if there's another way that you can convince your stakers to continue staking with you, you can do that instead. Like, the real goal for the OGs is to get to this global decentralized free market that is permissionless, but it does have some safeguards in place like conviction to help make sure that investors don't get rubbed. So when people get really concerned about you know we need more big investors big institutional investors you know you can look at bitcoin right bitcoin didn't become very institutional during the first like say decade and so looking at bit tensor you know around four years old it's not really a priority to be getting those institutional investors right now because for the ogs they're just trying to make this foundation as good as they can and also just like understanding that bit tensor is something that has never been built before. It has such a large impactful vision. And so what I think many people miss and don't really understand that the OGs do understand is that with Bitcoin we have a decentralized open-source permissionless protocol. Like they care about those three words, right? Those attributes created the value that is wrapped up in Bitcoin right now. Without all of those attributes, Bitcoin would not be anywhere near the value that it's at today. And so they want the same thing for Bit Tensor. But with Bit Tensor, it's more complicated. You've also got to have fair free markets in there as well. So it's a very very complicated network. And the OGs are very concerned about making sure that it works, that it retains all the attributes that it needs. and they're not too concerned about when's the institutional money going to flow in because again with Bitcoin that took like 10 years and so we're nowhere near that as far as you know Bit Tensor's age of 4 years I think it'll probably come before Bit Tensor is 10 years old but for that institutional money to come it requires those solid fundamentals the network needs to be solid first and then institutional money will have no choice because everything is just being done better on Bit Tensor myself I care a lot about the things that the OGs care about. And that's why I built tofflflute.com is because I wanted to know that everything is going well with the network, right? I want to know that at the protocol level that emissions are not being wasted, that weight copying is slowly going away. I want to be able to identify subnet owners that look like they might be planning to dump. And I want everybody to have that information.

[00:08:41]So I'm constantly adding new fields to tlflute.com. You can head over there and hover over some of the flags for subnet to just get a feel for like what are the potential problems with various subnets, right? You know, these deeply technical things that took me hours and hours of time to understand each one individually. I've just assembled it all onto tflute.com so that you can get a really good highle understanding of where a subnet's at, what things maybe a subnet owner isn't doing and what subnets are doing everything they can to drive value to their alpha token and therefore bit tensor towel. And I will tell you that I've seen a few of these sorts of systemic issues that you know Bit Tensor OGs were flagging and right now I've been thinking about it and I cannot see any more giant red flags within Bit Tensor like there's nothing that is going to break the protocol per se if they just leave it in its current state. Now that's not going to happen.

[00:09:40]and they're going to keep upgrading. But I think we're at a really good state right now with Bit Tensor. And that's one thing that people don't realize is like how much progress has been made over the last year, the last 2 years is absolutely insane. Like the price isn't showing it. And that's okay because the OGs, they know it. You know, the things that they've been monitoring, the problems that they have been talking about with the network, they've for the most part been solved now. But I think for the average person, somebody who's new to Bit Tensor, you know, they're wondering like, man, I've been in it for a year or two years and the price just just hasn't exploded and all these influencers are telling me that the price is going to explode. Like, I don't know if I trust this coin anymore. I don't know what to tell you. I can tell you that I have seen a tremendous amount of improvement on Bit Tensor over the last year. And you if you're finding out about Bit Tensor right now are very lucky that you can still get it at today's price. Now I don't like to give price predictions on Tao and so I won't but if Bit Tensor keeps going the trajectory that it's going I don't see a world in which we don't see a like 1,000x in the price of Tao from its current price like within my lifetime.

[00:10:59]But is that going to happen tomorrow? Is that going to happen next year? In the next 5 years? No. Will it happen in the next 15 years? Maybe. Now, I talked a little bit in this video about how the Bit Tensor OGs think. If you want to learn a little bit more about their philosophy, there is a video on the screen that talks more about BitTensor's purpose.