Trading Pub – 04 Jul 24
05:24: Upside for Bitcoin price despite recent volatility.
07:12: Recap of recent BitTensor exploit, impact was minimal and core protocol remains secure.
08:59: Will meet and Will Squires next week to get insider perspective on Bittensor as he runs multiple subnets.
13:34: How BitTensor network was able to pause during exploit due to centralized server infrastructure and control by OpenTensor Foundation.
15:12: Tao down significantly like other AI cryptos. Believes AI category will be top 5 by market cap by cycle end.
25:36: Unique data sets and GPUs are the best ways for companies to deploy billions for AI.
25:52: Elon Musk estimates AGI will be 1-2 years away, Ray Kurzweil estimates within 5 years.
27:13: Unique data sets will be very valuable for AI. Companies should acquire unique data from biotech, research labs, universities to gain competitive advantages.
27:56: Bitcoin and dollar moving down together could indicate something adverse affecting risk markets.
29:07: Looking at dollar, bitcoin and S&P 500 charts together provides more context.
41:00: Kaspa and Tao price charts and fractals, looking for signals to flip between the two coins.
43:34: Plan to raise a $500K corporate bond for RT that would be repaid from monthly business profits until paid back with interest.
46:00: Most cryptocurrencies are falling currently including AI coins, which is a normal market movement.
48:16: Significance of Japanese yen and behavior of Japanese investors.
59:20: Book on Japan’s economic situation since 1990s crash and parallels to current US situation.
01:11:03: Why the dollar-yen relationship matters due to Japan’s role as a major US debt buyer.
01:20:16: Two-part investment strategy of buying crypto now and waiting to see price reaction before buying more.
01:31:30: Investing $500k in Kaspa at 2 cents, with the investment doubling relatively quickly before further buying throughout price rises and falls.
01:33:54: Current portfolio allocation across assets like Kaspa, Tao, and meme coins in two separate portfolios.
01:37:13: Raising $500k from RT for a Tau investment bond.
01:40:18: Large price difference of Tao/USD on Kraken vs other exchanges.
01:51:52: AI will be much bigger than currently understood and BitTensor following that narrative with focus on subnets building infrastructure
02:01:05: Key upcoming subnets mentioned like protein folding, cancer detection, and fine tuning which is improving model outputs.
02:03:48: Upcoming healthcare subnets like protein folding and breast cancer detection that could be big.
02:04:31: Retail inflows not as important as VC investment which will propel BitTensor higher in the rankings due to groups like Foundry being involved.