im very protective of Bitcoin. We're doing very very cool world shattering stuff, but Bitcoin? is just ... it's just so fucking beautiful of a technology ... it's era forming, almost as religiously important to the future of humanity as Christianity: it birthed an era like Christ did.

> "What is the exact emission schedule for TAO?" The total supply is capped at 21 million TAO. Currently, 1 TAO is emitted per block, with a new block every 12 seconds. Instead of using a block-based halving schedule like Bitcoin, TAO's issuance schedule follows a supply-based model. > "What is the leader election mechanism (or equivalent) based on? How does the network determine who can write the next block?" The chain operates on a Proof of Authority (PoA) mechanism, with plans to transition to Proof of Stake (PoS) by the end of next year. A few institutions run the main nodes, with OTF operating the majority. Bittensor's core innovation is not at the chain level—Substrate is used for the blockchain, and there is built-in governance, allowing for changes in the code. However, physical decentralization is not the primary focus at this stage, but it may be later on, our main goal is economic decentralization. > "Who receives the mining reward for each block?" The chain nodes themselves do not directly receive the emission. Instead, a contract on the chain divides Bittensor into 47 "subnets." Each subnet has 64 validators who submit performance reports of the miners (192 nodes per subnet) to the chain. The network then uses a consensus mechanism called Yuma Consensus to reach agreement on the miners' performance and quality. The consensus doesn't analyze what miners are producing—the validators use custom Python code to evaluate the miners and submit weight updates. > "What are the exact requirements for establishing a new subnet?" To establish a new subnet, a lock of TAO is required. The amount of TAO needed is demand-based, and the price fluctuates minute to minute. There are no additional requirements. However, subnets can be pruned by "root validators"—large nodes with the most delegated TAO—who control how much TAO each subnet is allowed to distribute per block. > "Who sets the initial hyperparameters of a subnet, and how can they be changed?" Each subnet has an "owner key" that allows the owner to modify certain hyperparameters, such as "rho" or "kappa" in the Yuma consensus. Is it true that 41% of staking rewards go to miners, 41% to validators, and 18% to the subnet owner/administrator? Yes, that’s correct.

That’s the trick. Decentralization requires a protocol which creates consensus. In Europe it used to be the Church. In Greece it was Delphi. In Bitcoin it is the game theoretic incentives. In Bittensor it’s calls Yuma. Etc. With consensus the system isn’t divided.

Satoshi left and Bitcoin became its community. OTF will fade in the same way. Kill the center, become the swarm.

No shade on Zcash. But Bitcoin wins or we all lose. Fools.

Id love to be more decentralized than Bitcoin but it simply isn't the case. Indeed, there is simply non-comparison. Bitcoin is the decentralized shield that protects the whole crypto space. We are like its little brother making sand castles behind the wall.