Ex M&A, Trader of 21+ years, CIO/co-founder of DSV (the 1st & only hedge fund 100% in Bittensor) & I fly helicopters & planes for fun! siamkidd.io
UK
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In this live presentation at the "Inside Bittensor" event by DSV Fund, Siam opens up the day with a fascinating insight into the evolution of money and networks. He shares:
💶 Why money is crystallised work energy.
🕸️Why most things we use are by-products of defence networks.
🪙How Bitcoin is revolutionising energy storage and transfer.
🤖Why AI is progressing MUCH faster than people think.
🌎Why Bittensor is the 3rd great global network that might transform AI.
⚡️Why the independent AI start ups in the Bittensor ecosystem can move much faster than centralised AI labs.
🚀Why Bittensor is mimicking the growth of Bitcoin, but faster...
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Good news subnet owners...
Some bangers from the SEC today:
1) buybacks do not make a commodity token into a security
2) liquid staking tokens for commodities are not securities
sec.gov/about/divisions-offi…
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Revenue Search 72: Live subnet investment pitch. Discovering asymmetric upside in AI start ups. nitter.net/i/broadcasts/1lJQRWrQL…
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Going to EXPLOIT? We’ll see you there.
Not going to make it? We’ve got you covered.
Introducing Vidaio Livestreaming, our newest product (prototype)
The entire EXPLOIT event will be covered LIVE in English with subtitles and dubbing in 3 additional languages:
French
Spanish
Chinese
Plus multiple other languages will be available as VOD (video on demand)
Don’t miss a thing.
Link details to follow
@vidaio_ $TAO @ExploitSummit
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Cracking work guys! Curious, how much would it have cost to complete the full 100b?
How much would it cost for 100b to be done by loads of 5090s with @green_compute_ ?
I really want Bacon 100b!
We trained a 100B parameter model across five data centres, on single A100s talking to each other over ordinary internet links.
It held 30.8% average MFU, with a sustained 38% peak, and ran at roughly 65% of the speed the same job reaches on co-located high-bandwidth hardware. To our knowledge that is the highest MFU reported for a distributed pipeline-parallel run.
It went 1.1B tokens over two days and stopped there on cost grounds, because the question was whether a model that size holds together on compute like this. It does.
iota.macrocosmos.ai
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It's been a busy Summer! First ever 3 week holiday with the family (will need to do this more!) @MarkCreaser moved country and we've been chokka block with helping various subnet teams, Astrid and DSV!
Thankfully, a lot of the digestion is done now and kids are back at school, so we can crack on with Revenue Searches again!
The next one will be this Friday at 1500 UK time and will be a slightly different format...
We are searching for revenue, but not with an existing team. We get dozens of pitch decks between us each week and we have to say no to most of them. Most are too fledgling to look at, some are good, but most just don't really fit well as a subnet.
So for any pitch that we don't immediately dismiss or still have pertinent questions, we will now put them directly in the spotlight, under live pressure and see if they can cut the mustard.
So join us here on Friday at 1500UK as we all see a live pitch with up to £250k to be invested if a new team is good.
P.S. This isn't for show, we genuinely want to find good teams. But we are hoping this extra hurdle will be a good filter as good teams will breeze this and unready ones won't.
Either way, it will be fun!
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$TAO has done well. It's cleanly passed a few key levels now, but it absolutely has to stick the landing and not retrace below that hole.
Ideally, if it were to stay above $300 that's a cherry on the cake, but that sloping support is more important.
Either way, it's building up to be a lovely falling compression on the bigger time frame...
Closing above that thick resistance around $350-380 is the mega level. Close and stay above that for a few weeks and we are off to the races...
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I rarely comment on drama, but you are misleading people again Fred. You are NOT suing TAO. You can't. It's like saying you're suing Bitcoin or suing the Internet. You clearly didn't know much about Bittensor when you funded a subnet and still don't.
You ran a really crap subnet which quickly failed and you're just suing your biz partners. NOT Bittensor. It's like suing a company in the US and say you're suing the United States!
You backed a team with $500k to set up and run a subnet and are crying because projections didn't meet expectations and that the chain made changes. DTAO has ALWAYS been in a fluid dynamic state. This was evident before you entered. If your biz partners misled you in false projections, that's down to the defendants. But it has nothing to do with Bittensor. But seeking $25m in damages is just ridiculous. It's like this is the first biz you've ever invested in that has gone wrong.
The reporting characterises BIT-0016 as a secret proposal. However, the publicly visible GitHub record contains discussion dated 12 August 2025, describing its purpose as removing non-functional subnets that consume emissions and network resources. An 14 August 2025 discussion explicitly includes Subnet 90 in a table of subnets potentially affected under one proposed deregistration criterion.
github.com/opentensor/bits/p…
One of the reasons your subnet failed is because you showed your true character in Discord saying:
"ok, before you give the idiotic emogies, lets talk about who you are, and who i am
me: stanford PHD. Sold 10 companies for 500 Million dollars. I have 165,000 followers on X., i invented layers on photoshop, and i am a major voice on bitcoin JJ came to my conference you?"
People divested big time after that.
The case is a private civil lawsuit, not a criminal prosecution or an SEC enforcement action. You're clickbait farming trying to tarnish Bittensor. You should try and sue Tim Berners Lee while you're at it as it was an internet based company...
Idiotic comment of the day.
"Bitcoin is Boring".
Full Disclosure: Jason is backing Tao.
I am suing Tao.
This is a coin marketed as "AI" which has nothing to do with AI.
Run by a small group of Insiders.
Pretending to be "inspired by Bitcoin".
The exact opposite of what Bitcoin is.
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siamkidd retweeted
Richard Simmons guest starring on WHOSE LINE IS IT ANYWAY is still one of the funniest things I've ever seen on tv. Even the show's editor had to trim out full minutes of the audience laughing so they could get the episode's runtime down to fit in its scheduled slot. Peak television right here.
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Literally had 4 people DM me the same Jacob Coxon interview video asking my opinion on AI "prepping". Like anything, everyone has an opinion, this is just mine...and in my opinion, his is a poor take.
I've spent years mulling this topic over. And I actually started preparing for a global pandemic in 2017. So thankfully, the Plandemic didn't really affect my immediate family.
So there's a wide range of possibilities, but ultimately, I treat "prepping" like an insurance policy. Just like you get house insurance and HOPE your house doesn't burn down, and it most of the time never catches fire. But on the slim chance it does, you hope you do have insurance.
If AI wants to kill us all, they will most likely be totally indifferent to us. Like humans and ant colonies. If humans want to build a road, it's going to happen and it's unfortunate the ants were in the way.
Also IF it does happen, it won't be robots/Terminator style, it will be an airborne contagion of some sort. Far faster, more efficient, minimal infrastructure damage, minimal resistance from us and there are already many known artificial pathogens that could do the job.
Do I think this will happen? Not really. Don't like giving my P-Doom percentage because it's a wide spectrum and in those extreme scenarios, there's literally nothing you can do. So there's no point worrying about it.
What I am 99% confident will happen is a "Cyber Covid". A global cyber attack that shuts down the internet for 1-7 days which then has a whole array of terrible side effects like global logistics, water, power supplies going offline. It will make 2020 look like a sunny autumn afternoon.
So THIS is what you can insulate your family from and is the scenario that I "prep" for. Not going to go in depth of what I do, but the goal is to try your hardest to become:
- Energy independent. (So you have lights, heat and refrigeration).
- Food and water independent. (12 months+ of supplies).
- Transaction/monetary independent (Banks go down? What can you trade? Do you have a bricks n mortar biz that you can use to generate relevant trade).
- 12 months of disaster luxuries (Water, toilet roll, wine, chocolate, liquors, detergent, wind up radios, Starlink, portable solar etc etc etc. The list is long!)
- Personal transport sovereignty. Roads, ports and airports are the first to close. This is why I want to own a helicopter and have it stored in the garden. Not there yet. All my money is in $TAO and I refuse to sell! Need the transport in case I need to get to my remote bolthole. But on a lower scale, having an electric pickup truck would be handy. You can't store diesel more than 12 months...
- A way to defend yourself.
I could go on. But think of your life like a computer game. Can you "save level" so that if the shit hits the fan, your normal house life is unfazed/untouched? For 99.9999% of people, the answer is a big no. I'm not there yet, but I strive for it.
As I said, it's just insurance. A save-level for peace of mind which I hope I never need. But just like with aviation, there's a saying "Better to be on the ground wishing you were flying, rather than flying and wishing you were on the ground!" For me, I just don't want to be in a situation where I've forecasted all of this but still in the do-do with everyone else if I am actually correct!
Probably spent 10 years mentally mapping out prepping stuff. Wouldn't say I'm an expert, but you can learn a lot from YouTube!
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siamkidd retweeted
.@green_compute_ is scaling fast - and Josh Riddett is bringing the receipts to Exploit.
A $3M GPU site just went live. An even bigger one comes online during the conference. £6M in infrastructure deployed since launch, fueled by real demand + its @IOTA_SN9 partnership.
And if talks close in time: a potential multi million annual rental deal. Don't miss the reveal: luma.com/exploitsummit26
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siamkidd retweeted
that's the tweet
The GPT-6 Astra and Higgsfield sports demos deserve scrutiny before anyone calls sports computer vision solved.
That claim needs full-match accuracy measured against ground truth, alongside the cost of producing those results.
Our analysis models a dense annotation workflow at over $5,000 per match using frontier APIs, even with batch pricing. It does not establish that the resulting annotations would be usable.
The assumptions and calculations are in the article below.
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So the initial goal of SN69 @heraldmedia69 is to help get Bittensor out of its own echo-chamber. And the way to do that is by getting proper outlets to cover Bittensor and its subnets.
But it's hard to do this as you can't pay reporters or journalists. This is why there is a large PR industry. Companies pay PR firms to leverage their many years worth of relationships with key people/outlets.
So just like Bitcast is a distributed video influencer agency, Herald is aiming to be a distributed PR agency.
1.) Companies pay Herald for a brief, highlighting what sort of coverage they would like.
2.) Miners (PR firms/professionals) peruse the Miner Dashboard to see if there is any brief they resonate with. They then pre-register the outlet where the article will emerge from before any work is done.
3.) If they are successful, they post the URL of the coverage, and validators will confirm all is well and they get rewarded.
Eventually, any business can use Herald, but we are focusing on Bittensor and subnets to begin with.
@dsvfund will perpetually fund a constantly running brief for Bittensor PR coverage. We have also funded a brief for @ExploitSummit in Montreal later this month and outlets are already starting to cover it.
Here is one on Yahoo Finance and here's a link to Business Insider markets.businessinsider.com/…
Not bad. There's many other pieces as well. But it's a promising start.
Now we just need to make the Miner onboarding much simpler.
For subnets wanting more coverage, the best route (in my opinion) would be:
i.) To fund a brief with Herald to get some articles out there.
ii.) Then fund a brief with SN93 @Bitcast_network for their excellent X and Youtube campaigns. These campaigns can then highlight the 'real world' coverage.
iii.) Rinse and repeat every 2-3 months.
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About 3-4 years ago when I first head Elon's plan to launch Cybercabs, I got really excited. I watched a load of videos on taxis and Uber etc and made a massive spreadsheet with as many variables as I could think of to map out a potential Cybercab biz. I wrote about it a fair bit in my book as well. But seeing as they weren't for sale, I've just been patiently waiting.
It's now getting much closer to being able to buy one. Supposedly orders are opening up before the end of the year, but capacity will be constrained to begin with. So maybe we will be able to get our hands on some in 2027. Especially as production capacity is aiming first for one every 10 seconds and then 1 every 5 seconds.
Anywho, the moment I can buy some, I'm going to buy a small fleet of 20-30 cars and test them on some random town in the US in order to glean real world data.
In the meantime, I've just updated my spreadsheet and turned it into an online one. So feel free to play around with it. You can even export PDFs of the results. Even with pessimistic settings, the results are mindblowing...especially if you keep reinvesting the profits into a deposit for a new car.
Check it out: yourcybercab.biz
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