TEACHMEDEFI | Your Guide to Crypto podcast

From Bitcoin to Bittensor: Decentralized AI & the Future of Intelligence (w/ Frank Schuil)

0:00
51:51
15 Sekunden vorwärts
15 Sekunden vorwärts

In this episode, we sit down with Frank, co-founder of Safello, the leading crypto exchange in the Nordics, to explore their bold decision to convert their entire Bitcoin and Ethereum treasury into Tao, the native token of Bittensor.Frank walks us through Safello’s 11-year journey since 2013, from surviving the Mt. Gox collapse to becoming a publicly listed company on Nasdaq First North. We dive deep into why they made the strategic shift from traditional crypto assets to Bittensor, and what makes this decentralized AI protocol so compelling.We unpack the mechanics of Bittensor: how it creates a decentralized incentive mechanism for AI development through subnets, each solving different problems. Frank explains the complex dynamics between miners, validators, and the newly introduced alpha tokens.We also explore the value flow between Tao and subnet alpha tokens, the challenges of the new tokenomics introduced in February, and why Frank sees Tao as a credible balance sheet asset for companies seeking exposure to decentralized AI.📣📣📣 Building something exciting & want to come on the show or collaborate with us? Email us at 👉👉 [email protected] 👈👈 or DM us on X:https://www.twitter.com/teachmedefi👉 Please share this if you learned something! What should we discuss next? Comment! 👉 Fed up with crypto influencers? Follow us for quality education.▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▸ Find us on Youtube: https://www.youtube.com/@teachmedefi▸ Find us on 𝕏: https://x.com/TEACHMEDEFI▸ Find us on Instagram: https://instagram.com/TEACHMEDEFI▸ Find us on TikTok: https://www.tiktok.com/@teachmedefi_official▸ Find us on Podcast Streaming Sites: https://podcasters.spotify.com/pod/show/teachmedefi▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀Timestamps:00:00:00 - Introduction and technical difficulties00:01:03 - Frank's background and Safello's founding story00:02:24 - Safello's journey from 2013, surviving Mt. Gox, regulatory compliance00:03:42 - Strategic shift from Bitcoin/Ethereum to Tao treasury00:08:52 - What is Bittensor and what problem does it solve?00:09:22 - Decentralized AI as alternative to centralized players like OpenAI00:11:55 - Comparing decentralized vs centralized AI compute efficiency00:13:15 - Token usage metrics - AI tokens vs crypto tokens00:14:40 - How Bittensor works: subnets, miners, and validators explained00:18:48 - Specialized mining across 128 different subnets00:19:46 - Game theory and incentive mechanisms in Bittensor00:21:18 - How subnet rewards are determined and alpha token dynamics00:26:05 - Domain squatting problem and subnet limitations00:29:17 - Value accrual between alpha tokens and Tao00:32:39 - Utility and purpose of alpha tokens00:35:22 - Competition between subnets for Tao emissions00:37:24 - Bittensor's market cap approaching Polkadot00:40:00 - Tao as credible balance sheet asset for AI exposure00:43:14 - No pre-mine structure and organic protocol development00:45:42 - Current subnet landscape and investment opportunities00:46:40 - MiCA compliance challenges and regulatory landscape00:50:28 - Reflections on crypto's evolution and regulatory gatekeeping00:52:13 - Closing thoughts--------------Disclaimer:TEACHMEDEFI is a provider of entertainment and opinions. We are neither a broker/dealer nor an investment advisor. This is not a service for issuing or receiving financial or investment advice. None of our content constitutes a recommendation – or should be understood as such – to conduct transactions in securities, cryptocurrencies, or crypto-assets, or to engage in any of the investment strategies presented in our discussions or provided content. We do not provide personalized recommendations or views on whether a stock, cryptocurrency, crypto-asset, or investment approach is suitable for the financial needs of a particular individual.

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