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One of the key guarantees of SEV Subnets on the Internet Computer: the node operators running the hardware cannot access your data. Not as a policy commitment. Not via audit. As a technical property of how the subnet works. Björn Tackmann explains what that actually means, and why it...

23,409 views • 3 months ago •via X (Twitter)

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Most people tracking $TAO are watching the price chart. The ones who are actually ahead are watching the subnets. Here is why subnet growth is the real TAO price driver, and why almost nobody is talking about it correctly. $TAO does not work like most tokens. The price is not driven by speculation alone. It is driven by real network usage tied to AI computing output. Miners, validators, and developers earn TAO based on performance. The more useful the AI output, the more the network rewards it. Subnets are where that output gets produced. Each subnet is a specialised AI marketplace running inside the Bittensor network. One subnet handles language processing. Another handles predictive modelling. Another handles data indexing. Each one is a separate competitive market where AI models compete to produce the best output and earn TAO rewards for doing so. Here is what that means for price: Every new subnet that launches creates a new source of TAO demand. Developers who want to participate need TAO. Users who want access need TAO. Validators who want to secure the subnet need TAO. The token is not optional infrastructure. It is the entry ticket and the reward mechanism for every subnet that runs on the network. Right now, the subnet ecosystem is approaching $1.5 billion in cumulative value. Nearly 70 percent of TAO supply is already staked. Post-halving emissions sit at 3,600 TAO per day, down from 7,200. Supply tightening. Subnet demand is growing. Institutional custody is now live through BitGo and Yuma. Forecasts suggest the subnet ecosystem matures between 2026 and 2028, transitioning from infrastructure development into enterprise adoption. That transition is when decentralised AI stops being a thesis and starts being a cost efficiency argument that businesses make against centralised AI providers. When that argument lands at scale, every subnet on Bittensor becomes a revenue-generating node. Every new enterprise use case becomes a new source of TAO demand. The analysts watching the price chart are looking at the output of this system. The analysts watching subnet growth are looking at the input. Grayscale filed the ETF. BitGo opened the institutional door. The subnets are doing the actual work. Watch the subnets. Who else is tracking this layer?

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11,997 views • 5 months ago