Trading Pub – 11 September 25

00:00: Bittensor introduces subnet-within-subnet concept to enable more flexible subnet configurations
03:09: Subnet dereg implementation scheduled for September 16th
03:45: Subnet deregistration criteria: Out of 4-month immunity, ADR less than one, and lowest price
05:46: BlackRock plans to launch cryptocurrency investment product in October pending UK regulatory changes
09:54: Subnet owners expected to buy alpha, with new mechanism establishing price floor around 0.001
15:17: Autopia aims to create AI agents to replace staff across various business functions
16:17: US Labor Department revised payrolls down by 911,000 jobs, largest cut in US history
18:15: Plan to reorganize Autopia’s approach with potential ground-up rebuilding
19:04: Market anticipates 25 basis points interest rate cut, with potential multiple cuts by year-end
20:13: No rate cuts in 2025 despite initial market expectations for faster cuts
20:36: TAO cryptocurrency shows potential financial gains, with price appearing to stabilize
21:16: High probability of interest rates dropping to 375–400 range, with 75–100 basis points cuts expected
22:54: TAO cryptocurrency market cap currently hovering around 3.5 billion, potential growth expected above 4.5 billion
24:06: Current market share remains around 0.1%, with aspiration to reach at least 0.5%
25:29: Economic forecast signals potential recession amid significant interest rate reductions
31:19: Bittensor nucleus team updates reveal subnets implementation and potential changes
37:07: Network registration rate limit set to 2–3 days between registrations
40:40: Predictions suggest potential market developments might shift to Q1 2026
41:28: Team considers historical Q4 December data as primary assumption for market cycle length
43:33: Market strategy should be event-driven, not calendar-driven, focusing on interest rate cuts
44:13: Traditional four-year Bitcoin cycle likely dead due to global five-and-a-half-year liquidity cycle
45:24: Institutional Bitcoin adoption accelerating with one new strategic Bitcoin reserve emerging daily
46:11: Anticipates shorter bear market with potential 30–40% market correction
51:11: Ethereum experiencing sell pressure with large candle wicks indicating market volatility
53:38: Solana showing strong market movement, consistently testing 20 EMA and 50 EMA
57:05: Bitcoin needs to maintain position above 50 EMA on daily timeframe
58:58: No specific profit target set for doxed wallet, will continue active portfolio management
01:00:35: Currently in late stages of bull market, expecting significant market acceleration
01:02:59: Bittensor team tensions emerge around Bitcast project and AI platform ethics
01:06:22: Believes Hippias might have cracked decentralized storage technology
01:08:13: Hippias project nears completion, with mutual respect between Jacob and Dubs
01:16:19: Real world revenue critical for subnet longevity
01:22:07: Team targeting minor emissions neutralization, with Ridges and Hippias as top subnet prospects
01:23:05: Book cuddle tickets for November event on portal; event is free and open to public
01:23:32: CUDL event to be transformed into TAO-pilling non-coiner session in Wyboston
01:23:40: Shaq from Ridges confirmed to attend cuddle event from Canada
01:24:03: Goal to invite crypto experts like Bitcoiners and maximize towel-pilling at event
01:26:01: Previous cuddle had audio issues with guest speakers; need better AV equipment
01:33:03: Personal target for Ridges is two to three X, aiming for 0.15–0.20% emissions
01:34:26: Ridges aims to develop AI models with same capabilities but using fraction of infrastructure costs
01:40:31: Ridges benchmarking costs $1.26 compared to Claude’s $94, making it potentially more profitable
01:43:15: Projected minimum market share for TAO is 0.5%, with potential reach of 1–3%
01:44:24: Team discussing video-focused technology with potential applications in sports and CCTV tracking
01:45:48: DSV planning to launch a subnet
01:46:47: Launching a subnet requires finding a CTO with deep Bittensor understanding
01:47:35: CTO crucial for developing subnet validating algorithm and guiding mining strategy
01:48:33: Validators need clear scoring and validation scripts for subnet
01:56:14: Innovative alpha and equity sharing strategy to attract future investors
01:57:17: Potential for alpha price appreciation once minor emissions are neutralized
02:04:50: Blockchain transparency sparks discussion on reimagining capitalism through open-source, decentralized companies
02:11:00: Exploring subnet ownership as a potential high-value strategy in blockchain ecosystem
02:14:30: DSV team developing subnet with potentially zero infrastructure and mining costs
02:18:25: Speaker remains committed to TAO cycle, awaiting interest rate cuts and currency expansion
02:19:00: Reminder to book seats for November CUDL, limited to approximately 150 people