Trading Pub – 15 August 25

01:06: CUDL on 6th September with additional guest tickets priced at £75 per person.
05:12: Clarification on calculating APY (Annual Percentage Yield) for investments.
06:09: New Tao Yield Calculator (Tao Yield Calc XYZ) available for yield calculations.
07:26: Recommended to check subnet APY on TaoStats under Investors > Yield.
13:38: Ridges subnet highlighted as most promising subnet in Bittensor.
21:08: Claude Code currently achieves 74% performance on SWE bench, with Ridges rapidly approaching similar performance levels.
21:44: Ridges potentially makes human coders 10–100x more efficient, with potential to make human programmers completely redundant.
25:07: Bitcoin ETF inflows continue, with BlackRock nearing $58 billion in acquisitions.
26:01: Ethereum ETF sees record $1 billion investment in single day for first time.
33:18: Ethereum outperforming majority of altcoin market since April.
33:33: BitCast network connects video creators with clients through a decentralised video creation marketplace.
36:39: BitCast evaluates video quality using YouTube premium viewer engagement metrics to determine creator compensation.
41:20: Team planning to add sponsorship tag to revenue search videos.
42:38: BitCast video brief requires highlighting two subnets, comparing with centralised competitors.
43:40: BitCast currently limits creators to two videos per week with only 17 miners.
44:31: Next BitCast integration will support X platform for video content creation.
52:01: BitCast onboarding has two methods: technical setup (100% payout) or one-click setup (95% payout).
57:22: BitCast team will attend Cuddle event on September 6th for Q&A.
59:51: Warning against borrowing Bitcoin due to potential liquidation risks.
01:02:53: ETH breaks target range; Solana’s $200 breakthrough could trigger meme coin season.
01:06:44: Total crypto market cap chart appears incredibly bullish.
01:09:14: Evaluating Yane’s potential subnet investment with cautious sentiment.
01:11:52: Yane’s token price likely to decline over next few months.
01:14:54: Richard finds Yane’s interview low energy but answers were generally satisfactory.
01:21:47: Mike reports 10% gain in 10 days through swing trading.
01:24:36: Current market sentiment suggests not buying Hippias and Video due to more sellers than buyers.
01:29:28: Scheduled revenue discussion with Sam next week about subnet performance.
01:31:26: Recommends following model portfolio for current investment allocation.
01:32:23: Predicts Ridges subnet will reach top three in emissions ranking.
01:39:51: Anticipates summer subnets will increase when bull market attracts fresh capital.
01:47:20: Proposal introduced to reintroduce subnet deregistration mechanism.
01:48:10: New proposal suggests six months immunity for new subnets before potential deregistration.
01:52:02: 67 subnets currently identified as potentially eligible for deregistration.
01:58:10: Subnet registration costs double with each new subnet registration.
01:58:46: First five subnet registrations expected to be relatively cheap when cap is lifted.
02:00:22: Developing objective metrics for subnet deregistration is challenging.
02:02:51: Clarification needed: ‘subnet NAV’ is not true Net Asset Value but a custom metric.
02:05:48: Team observing metrics for tau subnet performance and potential investment indicators.
02:06:45: Current ridges subnet shows more people buying than protocol injection, potentially indicating low net asset value.
02:08:43: Iota considered most important subnet in BitTensor, potentially disruptive to centralised AI.
02:11:09: Sam seeks advice on allocation strategy, currently 80% in route subnet.
02:13:02: Team agrees subnets likely near market lows, recommending gradual shift from route to alpha subnets.
02:15:26: Challenge identified: Top 100 investors struggle to deploy capital into alpha subnets due to liquidity constraints.
02:20:13: Significant OTC deals and capital flow happening behind the scenes in subnet investments.
02:22:34: Current off-ramp strategy involves converting tau to tether, then bitcoin, and finally local currency.
02:24:18: Team remains interested in Gaia subnet but awaiting price stabilisation before significant investment.
02:25:55: Candles hesitant to participate due to anonymity concerns in revenue search.
02:26:29: Seeking understanding of candles’ price forecasting approach for subnet.
02:26:50: Discussion on potential investment strategy: moving from root to chutes subnet.
02:28:04: Investor highlights consistent success since 2013, proactively trimming 30–40 underperforming subnets.
02:29:12: Recommended strategy: Gradually move from root to subnets with positive chart performance.
02:32:58: Bull market timeline projected for Q4 2025.
02:40:41: ETH Bitcoin chart showing promising bullish signals for potential market recovery.