1 week ago
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Key Takeaways
- Van de Poppe: Bittensor unique AI infrastructure play, target $1,000-$2,000.
- Token down 70-80% from peak while ecosystem expanded: valuation gap thesis.
- TAO trading at $271.6, attempting to reclaim SMA50 at $276: 1.6% gap.
- SMA100 at $254.5 held the most recent price drop: next support if SMA50 fails.
What Bittensor Actually Is
Based on publicly available information about the protocol, Bittensor is a decentralized machine learning network that operates through a system of sub-networks, each functioning as an independent AI marketplace where models compete to provide the most valuable outputs.
Participants stake TAO tokens to validate and reward useful intelligence across these sub-nets. Van de Poppe describes the architecture as genuinely unique among AI infrastructure protocols, citing the sub-net system as the feature that distinguishes Bittensor from simpler AI layer plays.
That architecture became a liability in April when one sub-net departed, triggering what ...
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