(TAO) Bittensor To 50 Billion Dollar Market Cap?? Future of Decentralized Artificial Intelligence?

welcome back to underground crypto here with another deep dive you could call it a review this is not a low cap gym or a micro cap gym here today most of you might even have heard of this project but I thought it was worth going over um not a financial advisor if you need a financial advisor go get one because I'm not one I think that's clear and straightforward enough um when you're putting together you have some money you putting together a portfolio AKA you're buying coins assets tokens whatever the heck you want to call them it doesn't really matter what you call them the market cap is $2.6 billion so a lot of times you want to get into things that are going to move and make you the most money but those things that could possibly make

you the most X's the most money are also extremely risky and could be where you're going to lose the most money so you want to build a balanced portfolio I'm not going to tell you how to do that per se but just keep in your mind that you have really low risk but low return usually a medium risk medium return and a very high risk but higher return and you can understand you know the relationship there you get in a high risk stuff probably going to lose more money probably going to make more money so you have this idea that when you put together a portfolio uh a wallet or a list of all the coins that youve purchased you should probably put the majority of your money in low risk or medium risk it depends on what we

call your risk tolerance how much tolerance you have for losing money essentially um and remember there's realized loss that's when you sell and you actually lost money then there's unrealized loss which is where you buy something it goes down but you didn't sell it and a lot of times it winds up coming back up it might take a month it might take two months depending on if you're in a bull market or a bare Market but that's pretty much the game um you want to know your own personal risk tolerance so you might put most of your money in really lowrisk stuff you might be buying a lot of ethereum and um sorry about that uh a lot of times your risk tolerance is very much BAS based off of how much money you have you know if you

have two 3 400,000 to put into the market which I'm assuming most of you don't but if you did buying ethereum is not so bad because taking four $500,000 and 3X in it or 5x in that money is substantial amount of money if you only got $1,000 to put into the market over the period of time of say six seven months things start to really move again explosively in in that manner then uh you know what is a 45x probably still substantial to you like it would help you in your life if you only have $1,000 over 6 months to set to the side I would imagine that you probably could benefit from $45,000 suddenly in your pocket but it's not going to change your life so these are the things you need to think about when you have

money whether you're putting some money away aside or you already have some money in a bank account you're putting together your portfolio you want to think how am I allocating my money is this stuff high risk is it low risk how much of my portfolio is high risk how much of it is low risk I think based off of your tolerance is kind of the answer to that question but um I would say two to 5% high risk wouldn't really go go more than that and if you do know that you're doing it on purpose and then if you lose money it is your fault it is nobody else's fault it's not the guy on YouTube that you saw post his top five guaranteed the 100x coins that stuff is dumb none of it is guaranteed don't fall a

victim to that stuff do your own research that's why we have this channel so we can kind of show you and talk about what really we're looking at what we're thinking when we you know decide if we want to speculate slash invest on a coin now I'm going to leave that little bit of a a tangent there and and go ahead and hop into this coin this coin is bit tensor ticker is Tao or to market cap is $ 22.6 billion um and circulating Supply 6.6 million coins roughly obviously at 6.68 five million coins but the total Supply is only 21 million coins 21 million coins that sound familiar to anybody that's the max supply of Bitcoin which is why this coin this asset this token this per unit is going for about 456 almost $457 per coin I

like assets if anybody cares to know what my preference is I like to call them assets and not tokens and coins but I'm not going to get all legalistic about it it doesn't really matter what you call it as long as you understand what you're saying so come down here and you see categories the number one thing you're looking at a new coin you need to understand what Niche it's in what is going to make this coin exciting to other people who are speculating AR artificial intelligence Ai Ai and crypto and crypto projects um they go hand inand you know cryptology and AI they need each other they kind of complete each other and people are very bullish about Ai and crypto projects new startups or things that have been around so now we've kind of identified what the

niche of this coin is now we want to know where can we get it well Mexi binance gate.io bitg kucoin bitmart I don't know what xt. comom is I'm not endorsing any of these um coinex trade ogre if I were to tell you what I thought was the best place to buy this it would be mexc CCO coin or binance of course that's completely depending on where you live in the world notice it says right here C X that is centralized exchanges so understand these are centralized exchanges they're great places to buy the tokens and I guess I hit my little extra button on my on my controller here well that's just great all right sorry about that get one of these fancy mouses that has like 50 different buttons on it really mess you up anyways I was

saying Central exchanges great place to buy the coin buy the asset but move it to somewhere else if you can put it on a you know Cold Storage wallet treaser Ledger probably the two best in that Niche you know of Cold Storage right now protect your money guys if it's on a centralized exchange and it goes down they are going to take all your money with it all right here's the website so bit tensor is pioneering the decentralized production of artificial intelligence so AI crypto crypto kind of the whole um thought process behind crypto is decentralization it's not owned by the bank it's not owned by the government it's not owned by some third party it's decentralized so everybody kind of collectively owns a piece of it and maintains it I mean that's really what the whole point of

Bitcoin is and that thought process has come into all the other projects but we do here in crypto you know world I guess you could say um tolerate a lot of centralization like salana salana is a very centralized blockchain and there's plenty to go right along with that and there's plenty of decentralized blockchains and it's kind of a race for who's going to win so let's go to learn more as you can see this website is very dry it's not real not tons of crazy artwork ever everywhere there's not all of these things to kind of you know hook you in like a meme coin website usually has it's kind of a little more techy it's kind of a little bit more uh I don't know what you want to say high brow so it says bit tenser explained

there is no greater story than people's Relentless and dogged Endeavor to overcome repressive regimes whether we notice it or not centralized firms markets and authorities are engaged in a never-ending disempowerment that's not empowering but disempowering of human people's autonomy right to govern yourself is what autonomy really means bit tensor is creating a new future for Humanity that's a big claim but it could happen where new economies and new Commodities are decentralized by Design and where no single entity is the sole Authority or the centralized authority of you know whatever ever it is everything is decentralized digital Commodities like compute data storage predictions and models are transformed into intelligence where digital Commodities are recast as intelligence then new architectures are discovered new Commodities are produced and surprisingly cheaper ways to achieve Innovation are being revealed the possibilities are turning out

to be Limitless so to the decentralized Cur currency fuels the production of this intelligence in subnets these intelligent producing subnets are then innovatively connected in productive and profitable ways feeding one intelligence into another so they feed off of each other I'm not going to read well I guess it doesn't go that much farther but I'm not going to go too much farther into that wow that's great sorry about that I guess uh my my trade is working out really well maybe I'll cut that out maybe I won't we'll see all right let's hop over to their Twitter because I mean the website usually websites we cover they're far more intensive than that um this I'm probably going to bore you guys to death with some of this stuff so this says bit tensor Paradigm so introduction it's probably going

to sound a lot like what we've already gone over bit tenser's vision for decentralized AI company has captivated a large number of people in the Arenas of artificial intelligence and computer science who have yearned for alternatives to the top-down World being created by our current technology giant however the promise of what bit tensor is and can be has been masked by large technical barriers to understanding and thus has not been well digested by nontechnical audience I haven't even got any feedback on this video and I already kind of feel most people are going to hear some of this stuff and just go Um not not for me I don't I don't want to hear all of this big words that I probably don't understand so that is kind of an area to to a barrier to entry kind of

something that keeps people away from really understanding the importance of this kind of technology so the purpose of this article is to answer why bit tensor matters to the world and why you should care which is perfect and why we need to build it together these are core questions and each of them will require that we delve into the history of cryptocurrency and how bit tensor is uniquely positioned to play a significant role in the future that is being written today and this looks pretty darn long I know you guys don't want me to sit here and read this whole thing to you but maybe we'll we we'll start with uh the first couple of paragraphs here the invention of Bitcoin was a revolutionary moment for Humanity because it introduced two simultaneously United yet distinct technology Innovations reshaping the

way that humans organized themselves primarily it was the first ever decentralized currency which gave Humanity a shared value system one that could not be mutated by vested or centralized interest with this bitcoin's promise of future or Fair anti- Fiat Finance secondly and to achieve this aim it birth the original disseminated and permissionless digital commodity Market this second Point has not been overlooked by anyone who has been watching closely the Bitcoin Network's computational power measured in raw hash power has blastp pass the potential of any company or government bit tensor is essentially a language for writing numerous decentralized commodity markets or subnets situated under a unified token system this distinct Market function through bit tensor's blockchain allows each to interact and join into a singular Computing infrastructure by analogy bit tensor brings the same type of abstraction which ethereum added

to bitcoin for running decentralized contracts but onto bitcoin's inverse Innovation now if I messed any of those words up you'll have to forgive me hopefully you were able to kind of Follow that that's kind of the Paradigm the introduction to what they're trying to do here if you want to read more you can find this project very easily on coin market cap or coin gecko go to explore par paradigms philosophies all that kind of stuff and here is another really long explanation of the philosophy of it I'm only going to read say the introduction there is a very similar pattern that you find in the structures of societies in the structure of companies and in the structures of computers and all three are moving in the same direction that is away from a top- down structure of a centralized

command system giving the system instructions on how to behave towards a system that is parallel that is Fiat which is a web in which change moves from bottom up this is going to happen across all institutions and technological devices it's the way they work and this is nickl 1994 so that was not recently so you can see how long these things have been in the thought of Mankind and and people trying to implement begin to actually make them real in the real world the internet really is accredited for actually making that happen without the internet none of this stuff would really work so the evolution of AI follows a similar similar trajectory from earlier algorithms created entirely top- down human knowledge directly encoded into the system predefining the solution to today's deep learning algorithms like language models where humans

only Define the objective function and let the computer search an abstract space of possible configurations discovering the model top up through alternative adapting perimeters towards the gradient of the object bottom up evolving the model towards desired capabilities ushering the model paradigm of machine learning so what they really are describing is AI and how AI becomes more intelligent and how it is trained through algorithms that kind of thing I'm not going to bore you guys to death with it I think you get the point I want to read enough that you guys get the point get why it's relevant get why people care about it why people might want to invest in it without actually boring you to sleep so we're going to go over to the Twitter I'm sure that their Twitter is going to uh pass the sniff

test because this is a big project this is not a low cap gym usually with a low cap gym or a micro gym we're just hoping that we can get enough uh information to know that it's not a rug pull or has a higher probability of not being a rug pull so we're going to go ahead and follow him uh please follow me over here on Twitter Crypton _ crypto and that's at underscore ground crypto because underground crypto was of course taken 7.2.5 th000 followers which is pretty good see followed by a couple of people but I don't really you know I don't recognize any of those people unfortunately if you're one of those people my bad um here is their pinned post from April 25th it has 20,000 views which is pretty good we'll go ahead and hard

it here and it says attention Ray app users and bit tensor massive uh Ray cast.com you can now add Corel as a plug-in and have multimodel chat and multimodel image generation on your desktop centralized apis or open source models your choice so proud of the team this is pretty cool I mean I use sorry about that I use some um you know AI as far as chat G BT just to generate some thumbnails it's really all I use it for to be honest but um having a decentralized one I'd be more interested in that probably would have more capabilities would probably have more uh resources to pull from then something is centralized and therefore controlled so April 23rd April 20th April 12th 36,000 57,000 13,000 so they're getting good view and they're posting often so obviously that means that

they seem like a fully functioning project and then the last thing I wanted to look at I really wanted to look at their announcements but they don't have any announcement on their Discord kind of weird um not that I think it really means anything because look at all this other stuff Omega de all kinds of stuff I don't understand any of this this seems like this is very much used for for development cuz like when you go to General you got people like posting scripts and stuff so unfortunately guys there's not a whole lot of interesting stuff in here for me to show the majority of the people watching this if you're a developer or something you might find this stuff very interesting I'm not a developer I don't find it very interesting but that's just what it is

so I hope you guys get an idea of why this project is important why people might like this project that it's a middleof the road kind of investment not too high risk not too low risk all those things kept in mind I give this a gut feeling of about I'm going to have to go with a seven seven or an eight as my gut feeling for this performing well as an investment in the bare Market the top of this next market now I am not a financial investor uh advisor I guess I am am a financial investor huh but I'm not a financial advisor and uh you shouldn't take me as one don't simply buy things that I put out do your own research listen to the things that I have to say think about where you your risk

management is how much money you have what you're trying to do in what amount of time and make your own decisions that's the whole point of crypto is to empower the people in the first place no I might have sounded a little preachy on some of this but there were some things I really wanted to cover all right everybody crypto run out hope you enjoyed this video leave some comments like share and subscribed not going to beg you for your subscriptions and your likes but you know you should do the right thing and go ahead and like And subscribe and send it to one of your buddies who you know has been trying to talk to you about stuff and uh you've been blowing them off send him one of these videos make him feel like you were listening

to them the whole time all right guys [Music] later freak scary pass main educated open eyes shining bright taking the journey