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The Bitcoin philosophy behind decentralized AI
Inside a DeSci hacker house
Bionic Newsletter
February 28, 2024
⏱️ 642 words. Under 6 minutes reading time.
Hello Team,
Sometimes it’s worth pausing for a moment. Reflecting…
In the space of just a month we’ve had ground-breaking hardware released, reshaping the way we experience irl and digital worlds.
We’ve had a leap forward with world-creating text-to-video AI.
And we might need some more GPU processing power to make everything sing. About 7 trillion dollars-worth more.
How are these dots joining up?
📻️ If you want to plant yourselves firmly at the centre of these evolving narratives, then stay tuned.
👾 Our Discord is opening very soon. We’ll be welcoming you early supporters. Keep your eyes on Twitter…
This week we have some AI and infra features - with a side dish of DePin and DeSci from Eth Denver.
Let’s keep moving fwd ⏩️
The Ethereum Attestation Service (EAS) is a public good base layer infrastructure enabling any entity to attest to anything.
In a world of infinite AI-produced content, this is foundational for decentralized identity and reputation management.
Listen to Founder Steve Dakh break it down on Optimism Radio
ON YOUR RADAR
🏠️ This is what a DeSci hacker house at Eth Denver looks like
🔎 Will Autonomous Research Communities change Scientific publishing? Just maybe…
⏺️ Decentralized AI will transform crypto. The Near team go all in.
🧞 Genie by Google Deep Mind can generate video games - and fuels the decentralization debate.
📍 A DePin deep dive with DIMO Co-Founder Alex Rawitz on YouTube
🛠️ Iotex have relaunched and offer modular infra for DePin.
📈 Eth Denver nope it’s DePin Denver. Just 2 or 3 side events last year. Now this:
“We believe that Bittensor represents the natural counter-balance to the existential problems that centralized AI poses today”
Ronan Broadhead and Derek Edwards have dropped a banger.
"Running Bittensor" - here on Medium - explores the evolution of digital currencies and open-source AI.
Their essay emphasizes Bitcoin's foundational principles and the potential of Bittensor, a network aiming to revolutionize open-source intelligence.
It all goes back to BTC
The essay discusses the challenges and opportunities within the AI and blockchain spaces, highlighting Bittensor's unique approach to incentivizing the development of decentralized AI through a combination of economic principles derived from Bitcoin and innovative coordination mechanisms.
This essay elegantly brings together:
✍️ Detailed insights into the future of decentralized intelligence markets
👐 The potential for open-source models to compete with centralized counterparts
💎 How economic incentives and community collaboration drive this.
🖐️ TLDR in Five:
Bitcoin's Influence: Bitcoin's economic principles and their role in solving coordination problems, setting a precedent for Bittensor.
Open Source AI: The rise of open-source AI, the challenges of data and computational requirements, and the success stories that inspire Bittensor's approach.
Bittensor's Model: Incentivizing open-source intelligence through economic principles similar to Bitcoin, focusing on a fair launch, proof of work, fixed supply, and programmatic halvings.
Applications and Use Cases: Example applications of Bittensor include text/image/audio generation and financial predictions, showcasing its flexibility and potential.
Future Prospects: How will Bittensor impact on decentralizing AI?What are the broader implications for society? The importance of open and decentralized access to technology being paramount.
"Projects like Bittensor ensure the next digital frontier remains in the hands of the many — and not the few."
👀 Do read the full post for yourself.
The Bionic newsletter is meant for informational purposes only. It is not meant to serve as investment advice. Please consult with your investment, tax, or legal advisor before making any investment decisions.
Disclosure: Authors may own cryptoassets named in this newsletter.
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