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good question !
the tech is hard to understand and many ppl interprete it very differently (which is the meme but also the giga opportunity. it really reminds me of early bitcoin)
it's basically a cool reward mechanism innovation more than anything else (hint hint, like bitcoin)
it's like a giant game where people build AI services and compete to prove they’re useful.
every day, a fixed amount of $TAO (the network’s currency) is given out as prizes.
the projects that do the most useful AI work, as judged by other participants and by how much people are willing to stake on them, win a larger share of those $TAO rewards
$TAO rewards go to the miners and validators running the subnet (which are often the subnet owners, so the teams themselves)
staking = “voting with your money” for the AI you think is best. the more people back a project, the more rewards it can get. if you stake you receive optionally receive their subnet token, the classic shitcoin: can represent claims on future emissions, AI service access, profit share, or governance rights, ...
in theory, this creates an economy that pays people to make better and better AI. in theory. wearestillearly. believeinsomething. 1 reply
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