TheDinarian
News • Business • Investing & Finance
How we were legally enslaved
My crib notes on the tricks used to get us to relinquish out birthright
September 13, 2023
post photo preview

I have just finished reading this rather excellent summary of all the iniquities of council tax in England. If you are having to go out to work in order to pay the pension of someone else who has no lawful claim on you, and this is done through fraud and intimidation, then you’re a slave. A part-time slave is still a slave. Forced labour is never acceptable in a free society, nor are charges for enjoying God-given rights, yet that is exactly where are. Drawing on this document, as well as my more general reading, here is my summary of how we came to be “legally enslaved”.

Godless (in)justice

At the core of the process is violation of the golden rule, which makes it a spiritual failure. This then results in the master/servant relationship of the public and the government being inverted. The divinity of the individual is denied as all kinds of fraud are perpetrated on the common man. The institutionalised spiritual powers are captured to the government-banking axis, so de facto worship Mammon. Temporal authority is elevated above all else, and people fear judgment of their bosses and peers, not in the eternal realm.

Morality of necromancy

In order to assuage the conscience of the minions who operate this system, there is an unspoken creed that adopts the morality of the dead, not the living. People are converted into objects or ideas, so there the only moral code in play is a legalistic one, not a holy one. As long as all the rules of the game of the court are followed to the letter, it doesn’t matter (to operatives of the system) whether we are doing a wicked deed, when seen through the lens of treating others as we would wish to be treated ourselves. The living (Master, Baron) are given the titles of the dead (Mister, Mr, Mrs, Miss, Ms, Lord, Lady), converting us into mere assets of the legal system.

Administrative inversion of rights

In the world of Roman commercial courts, social normalities are inverted: we are presumed to be childlike illiterate paupers who are so incompetent that we need the guardianship of the court. There is no place for any court involving ordinary men and women where there is an unseen presumption of guilt, yet this is the reality we face in magistrates’ courts today. The most foundational part of our constitution, Magna Carta, has been overturned by the infiltration of administrative law. We are literally being administered as chattel of the state! People naively imagine they are in a venue that respects their humanity, as they cannot conceive of the scale of subversion.

Perversion of language

A parallel language of legalese inverts many common uses (e.g. a civil summons being merely an invitation, a mandate being a request and not an order, enforcement not having actual force of law). “Dog latin” is a meaningless gibberish used to confuse the masses. Grammar and syntax are mangled in order to trick us into acts based on “legal artwork” with no semantic standing. Text is put in boxes, rendering it legally invisible but socially effective, and the “four corner rule” is commonly ignored. Legislation redefines words, so in the case of council tax we have a “pseudodebt” that is not a real sum owed. A Liability Order™ is not a valid court order, and carries no liability for anything.

Evasion of personal accountability

It is common for official communications to come with no actual named man or woman responsible, no signature proving provenance, and a PO Box for return which is a fictional address. We are denied the ability to hold the individual to account for their ultra vires actions that go outside of the lawful remit of their role. They can act anonymously, and have no fear of being confronted in ordinary life for their actions. The administrative edifice presents a solid blank wall, and protects those who support its criminal acts. Corporations cannot speak to a (wo)man; only another (wo)man can.

Swapping of legal and lawful

Functionaries routinely justify their actions as being legal, citing relevant statute legislation. This is a trick: the relevant standard is whether they are lawful, which requires reference to equity, constitutional law, international law, military law, common law, and case law. If you are conducting a subversive infiltration of a free society on behalf of foreign powers, pointing to an abusive rule that you are following is no lawful excuse. The Coronavirus Act 2020 demonstrated this legalised erosion of civil liberties amply — war crimes being committed as health measures. The rule of law is not merely the unthinking application of legislation.

Registration as voluntary enslavement

When we register for anything — a birth, a driver, a marriage — then we are “voluntarily” surrendering our innate rights to another, and in return accepting the benefits or privileges on offer. The state uses threats and extortion tactics to get you to participate in this commercialised reframing of society, but there is no fundamental requirement for you to register a newborn to anyone, nor to surrender your right to travel in your own carriage, or get permission to form a sacred sexual union with another. The whole system is dependent on it being normal to act like a servant, and to treat the state as your master. If enough people revolt, it’s all over.

Confusion via doppelgänger trusts (Your Strawman)

Our birth certificates establish a trust in a name that appears to be us, but is actually granted to a third party; we are merely the beneficiary who is “lost at sea”. Our whole legal system is based on a shell game of persuading the living man to act as the trustee, taking on liabilities he does not owe to anyone, and relinquishing the benefits of being the beneficiary. These trusts are routinely administered by courts without the consent of the beneficiary. All of these trusts should be collapsed as fraud, and the assets retuned to the beneficiary.

Deprecation of equity law

The highest law are the rules of equity, as they trump all other case law, legal maxims, and legislation. The essence of equity is that we are all equal under the law, and that the job of justice is to restore peace and harmony where equity is disturbed. The average person is completely unaware of the rules of equity, and legal arguments based in equity are routinely ignored in lower courts. Hence justice based in equity tends to only be available to the wealthy and well-informed; without equity, an “elite” class of people above the law is balanced with one of “cubicle workers” below it.

Substitution of jurisdiction

As an extension of the points above on necromancy and trusts, it is commonplace for police and courts to act out of their jurisdiction, and to ignore the requirement for consent to act in non-criminal matters. Infractions of policy (offences) are not crimes, since there is no victim or complainant. The invention of “Regina” or “Rex” as the other party is a complete fiction, since they cannot be challenged or examined in court. Administrative courts feign the processes of legitimate civil or criminal courts, but are completely unconstitutional.

Swapping form for substance

Breaches of rules get merged into criminal law, and “fake fines” for breaches of form and not substance appear everywhere. So when you accidentally drive into a bus lane and get a penalty notice, you have crossed a painted marking (form) but caused no delay to anyone (substance). Without evidence of others being held up by your carelessness, there is no wrongdoing or complainant. Over time, the law becomes preoccupied with form, and the underlying substance is abandoned. A parallel reality that is the playground of tyrants emerges.

False doctrine of Parliamentary sovereignty

In the C18th there was a formalisation of the overreach of power by the legislature and executive through the doctrine of “Parliamentary sovereignty”. It ought to have been a limited measure: only legislation passed by Parliament itself is valid law, Parliament governs the executive exclusively, and no Parliament can bind a future one. Instead, it has become an excuse for unaccountable and unconstitutional power grabs, that deny the sovereignty of the people as delegated to the monarch through the coronation oath. Parliamentary sovereignty is repeated as fact and law, but it is merely the opinion of past commentators.

Merger of powers that ought to be separate

Freedom is maintained via a separation of powers, and the resulting checks and balances. In the last century we have seen the de facto merger of the executive with the legislature, and the fusion of the political establishment into a uniparty that sustains its power no matter who is nominally in charge. In the case of council tax, the billing authority, the prosecuting authority, and the enforcement authority are all the same: the council demands money off you, prosecutes you, and also runs its own private court.

Dilution of trial by jury

Jury selection has been notoriously subjected to rigging over the last few decades. However, the rot is deeper. Juries do not have to be unanimous in meting out punishment, which allows for a kind of mob rule by jury. They have lost their power to determine what is a conscionable punishment, that having been taken by the professional judiciary. Most seriously, the annulment of unfair laws has been rejected by the establishment, despite is never being acceptable for a juror to enforce a law that goes against their conscience. Therefore the key check on legislative overreach has been removed. Democracy is not the act of voting or universal suffrage; is the people having the power to restrain the government.

State monopoly on enforcement

The disarming of the general population and the delegation of all enforcement to processionals has unfortunate consequences. Those in power do not fear the people, and the role of enforcers (like debt collection agencies) grows to cover theft from the people. No amount of letter wring and games in court will resolve the matter if the enforcers only answer to corrupt powers who seek money and control, and the police refuse to do their job, taking the side of the robbers. When someone comes to take your property under a legalistic pretext, they need to have a genuine concern that those being predated might fight back. There is no peace without projectile power.

No militia or military skin in the game

When things go wrong and tyranny appears, then we need to fight back. Ideally this is done through civic institutions, and when that fails, the only option is military. Yet the population has become disengaged from military action, and it has become a niche activity done by a standing army. There is no experience of weapons of war, and no cultural memory of the discipline of being in a fighting force. People have come to expect others, largely drawn from lower social classes, will engage in geographically remote acts of personal sacrifice in the name of their preferred ideology. The average person does not fear being drafted to deal with the consequences of their vote. The refusal to physically fight back against tyrants in the short run ensures genocide or civil war in the long run.

Ignorance of birthright by indoctrination of the young

We are all entitled to our inheritance of customs and laws, and this is explicitly stated in legislation like the Act of Settlement 1700. The young are taught nothing about this, and indeed are given a false understanding of our system of government that puts them in a place of servant to their tax farm masters. Knowledge of past revolts and rebellions is suppressed or warped. Settled constitutional law is explained away as “ancient” and “outdated” in a postmodern interpretation of jurisprudence. Our whole system of schooling emphasises the need to conform and follow rules, denying individual autonomy and rights. Civics classes teach Marxist ideas, ruining our future.

Outright fraud by authorities

Tyranny preferentially operates via fraud, and only resorts to force when fraud fails. The example of council tax illustrates how fraud is endemic and supported by the establishment. These are naked frauds, like the council pretending to be a court, when it is not. These frauds are standard business practise, such as a police officer attempting to trick you into joinder when he or she stops your car, yet there is no crime being committed. Utility billing companies with whom you have no actual supply relationship make false presentations to the public to defraud them. Once you see the scale and normalisation of fraud by a parasite class, you cannot unsee it.

Force and intimidation

When fraud fails, then there is force. An army of debt collectors and enforcement agents goes around harassing and intimidating the public into surrendering their assets and rights. These are manifestly unlawful, and routinely break laws on blackmail, theft, and data protection. It is standard practise for councils, utilities, and debt collectors to make unlawful threats of force. When confronted with people resisting tyranny, the police commonly apply more brutishness, as we found with masks and Covid. A society that delegates all its force to institutionalised professionals will invariably end up being held captive to those interests in time.

Corruption of policing

The police are the lynchpin of all this, because that’s where the hard enforcement power lies. We have confused the role of constable (an independent actor beholden only to the public) with a police officer (whose loyalty is to their force and follows orders). The police have been diverted into censoring speech and enforcing secular morals, which is nothing to do with the detection and prevention of crime. Their oaths have been modified and watered down, no longer having allegiance to the rule of law and its impartial application. They have no interest in holding their paymasters to account.

Legalised bribery of minions

Those who staff the councils, courts, and police are given a legalised bribery deal: toe the line, don’t rock the boat, and you will get your taste of freedom with a generous state-backed pension. It’s like a mafia where they all have each others’ back, as long as you keep allegiance to the institution and ignore the law. Consistent, unquestioned, diligent lawbreaking is rewarded with a tolerable salary and comfortable early retirement. Whistleblowers are treated with the greatest harshness, and are made an example of. Most people are easily bought off with the promise of a few years of cruise ships and a new kitchen. Meanwhile, those who are predated suffer poverty, sickness, and earth death.

Treason as standard business practise

The situation is not easily righted as treason becomes normalised, and the most senior courts in the land abandon their oath of office to serve the interests of secret societies or foreign powers (like the EU). Blackmail networks like Epstein Island silently compromise officials. When treason goes unprosecuted, a psychopathic culture blossoms. Breach of trust and betrayal of oath becomes normal, and nobody fears the gallows as a result. Treason is the most important crime, because it is the only one that imperils a whole people and society. It has to carry the death sentence, as recidivism is collective suicide. When we shy away from this, we become enslaved to traitors.

Human (and gender) rights that muddy the waters

There is a whole sub-industry of human rights activists and lawyers, largely allied to NGOs. The Covid scamdemic proved them to be worse than useless. Nothing in human rights legislation protected us from attempted genocide. All the rights we needed were the ones were granted by the creator when we were born, or pre-existed in treaties, compacts, and constitutional statutes. It just took warriors to act. We are (free) men and women, and everything “human” seems to dilute that base reality. The departure from that foundation, and the confusion of male and female roles in society, appears to have had catastrophic results. Freedom ultimately depends on someone having the strength to raise a sword in anger against a dangerous foe, possibly literally.

Our own failure to insist on lawful due process

It is generally wrong to blame the victim of a crime, but there is a contribution we have as the public to the failure we now confront. The price of freedom is indeed eternal participation in mundane civic affairs like juries and school boards. When we leave those matters to activists, we suffer terrible losses of freedom. We refuse to learn about affidavits, fail to rebut their notices, don’t correct our status, and won’t administer our trusts. We then languish at home while their courts quasi-legally rape us. Laziness, cowardice, and timidity keep us in a one-down place, and we roll over and accept the infractions of our putative rulers with only mutterings of complaint to each other. We have failed to step up, and now it’s a mess.

Link

How to change your Strawman Status

The 3 Constitutions (What you thought there was only one?)

Sign In America Study Course

Your Supposed Government:

https://mega.nz/file/h5MW3bKK#gnXFiJnV5gZC7e7BcLEbDo1Ov0ui-BZxvuOkxt1ygaU 

 

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
🧬 BIG WHITE LIE BY BIG PHARMA 🧬

They don't want you healthy, But they don't want you dead either. They just want you sick!

00:01:56
🩺🧠 Top Brain Surgeon Instantly Banned After Revealing This❗️

Dr. Jack Kruse joins me to discuss the problem with modern centralized medicine, 👉the importance of light, water, and magnetism, what we can learn from ancient health practices, how nature is innovating life, why the average American is on 12 drugs, methylene blue and light, and how humans are meant to live in the modern age.

Dr. Jack Kruse is a neurosurgeon, quantum clinician, author and the CEO of Kruse Longevity Center.

Full Video Presentation: Dr. Jack Kruse / Nourish Vermont 2017
https://youtu.be/d7qjh4BIGbc?si=EMZgfVF1Cm7kY7Zh

Continued Learning:👇📚
Optimize Your Health in the Modern World with Dr. Jack Kruse
https://youtu.be/mYMUiOMkKMM?si=OE7uQn0T2LPYhZ4Y

// OUTLINE //
0:00 - WiM Intro
1:13 - Light, Water, and Magnetism
11:32 - Light and Water
15:11 - Electromagnetism is like the Alphabet
21:27 - The Farm at Okefenokee
22:37 - Heart and Soil Supplements
23:37 - Helping Lightning Startups with In Wolf's Clothing
24:29 - Fractal Layers of Nature
26:16 - The Farce of Centralized Medicine
29:13 - What Can We...

00:20:24
🚨Beware Authentication Scam!!!🚨

Scammers have found a new way to exploit those "Verify you're human" captchas. If a prompt asks you to type in a series of commands (like Windows + R followed by Control V), DO NOT DO IT.

This isn't a security check—it's a trick to force you to download and run malware on your device. 💻☣️

Once they have your credentials, they can:
📧 Steal your email account.
🏦 Access your banking and shopping info.

How to stay safe:
✅ Real human verification will never ask you to type in complex system commands. They'll only ask for letters, numbers, or to click on a picture.
✅ If you’ve already done this, disconnect from the internet immediately, run a malware scan from a different device, and update your passwords. 🛡️

Stay vigilant out there! 🛡️⚠️

00:02:29
🚨 Chutes is being framed as a Hyperliquid-style breakout for decentralized AI inference, with live revenue, verified GPU infrastructure, and a direct challenge to centralized cloud AI 🚨

Chutes is gaining attention as a decentralized AI inference platform that claims to combine real usage, cryptographic verification, confidential computing, and open-source infrastructure into a working production system. The thesis is simple: instead of trusting Big Tech clouds with AI workloads, users get a distributed compute layer built around verification and privacy.

🔑 Key points

🔹 Chutes is live in production and reportedly scaled to more than 1,170 active GPU nodes, including large numbers of Nvidia H200s and Blackwell-class hardware.

🔹 The platform says it has processed nearly 38 trillion tokens since launch across 53 deployed applications and more than 700,000 registered users.

🔹 The team reportedly cut unprofitable usage programs, reduced total token volume, and still improved revenue efficiency, with revenue per GPU rising sharply after removing subsidized traffic.

🔹 Chutes is using post-quantum cryptography, trusted execution environments, and Nvidia confidential ...

🚨 Chutes is being framed as a Hyperliquid-style breakout for decentralized AI inference, with live revenue, verified GPU infrastructure, and a direct challenge to centralized cloud AI 🚨
🚨 JPMorgan’s criticism of the CLARITY Act is fueling a fresh power struggle over who gets to write America’s crypto rules 🚨

A new clash is emerging between legacy finance and crypto legislation after JPMorgan CEO Jamie Dimon reportedly warned that the CLARITY Act could let crypto firms offer bank-like products without bank-level oversight. The dispute is quickly turning into a larger fight over regulation, competitiveness, and who controls the future architecture of digital finance in the United States.

🔑 Key points

🔹 Jamie Dimon reportedly called the CLARITY Act a threat to the financial system, arguing it could allow crypto firms to offer yield-like products while avoiding the capital, reserve, and oversight burdens traditional banks face.

🔹 Senator Cynthia Lummis pushed back publicly, framing the issue as a global strategic race and warning that if the U.S. does not set digital asset standards, other powers will.

🔹 The core tension is whether the bill creates legitimate regulatory clarity or simply opens the door to regulatory arbitrage for crypto platforms operating outside the traditional banking...

🚨 JPMorgan’s criticism of the CLARITY Act is fueling a fresh power struggle over who gets to write America’s crypto rules 🚨
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
🌎Schumann Resonance Today 6/19🌏

The Earth is breathing deeply right now.

Intensity reading of 40.3 on the SR1 baseline indicates a strong coherent cavity state — global consciousness is amplifying. Many meditators report vivid inner visions during these windows.

Sit, breathe, allow. Solar wind is LOW and Kp at 1.0 — geomagnetic calm supports deep theta entrainment.

post photo preview

🚨 Strategy risks selling $4 billion in Bitcoin or MSTR stock to get STRC back to par 🚨

Strategy may be forced to sell billions of dollars of Bitcoin or common stock to stabilize its STRC preferred shares, according to Arca CIO Jeff Dorman. With STRC trading well below its $100 par value, the company is facing mounting pressure across its capital structure.

🔑 Key highlights:

🔹️ Jeff Dorman said Strategy may need to sell around $3 billion to $4 billion in Bitcoin, or possibly MSTR stock, to get STRC back near par.

🔹️ He described the situation as a growing capital-structure problem for Strategy.

🔹️ Dorman said one likely path is continued small MSTR sales each month, though he warned that would hurt MSTR’s stock price.

🔹️ STRC recently traded as low as $82.53 before closing at $88.59, far below its $100 par value.

🔹️ Peter Schiff has also warned that STRC’s decline could eventually lead to legal trouble for Strategy.

🎯 Bottom Line: Strategy is under ...

post photo preview

🚨 Clearview AI contract links Army special forces to a wider intelligence ecosystem 🚨

A small Army special forces purchase of Clearview AI facial recognition licenses has opened a window into a broader defense intelligence pipeline. The procurement trail points to commercial facial recognition, entity resolution, and AI analytics converging inside a growing military data-fusion ecosystem.

🔑 Key highlights:

🔹️ The Army’s 1st Special Forces Command (Airborne) renewed a Clearview AI license purchase through Octaris Technologies.

🔹️ The award summary shows a base-year obligation of $78,750, with a total potential contract value of $339,415.

🔹️ The Army memo says Clearview is needed because it can rapidly analyze large volumes of facial data to help identify high-value targets.

🔹️ The procurement documents cite 50 billion images as the scope of collection, while Clearview publicly claims its database now exceeds 70 billion images.

🔹️ Clearview was selected over other ...

post photo preview
How USDC Wins the Hyperliquid Deal🤔
 
USDC "wins" the Hyperliquid deal by securing dominant distribution and deeper integration into one of crypto's fastest-growing on-chain perpetuals platforms, in exchange for sharing most of the USDC reserve yield (up to ~90%) back with Hyperliquid.
 
Background on the Deal: Hyperliquid had ~$5–6B in USDC deposits (a huge chunk of total USDC supply, often cited around 7–8%). Previously, the interest/yield on those reserves (~$180–250M annually at prevailing rates) mostly flowed to Circle (issuer) and Coinbase (key partner/treasury handler), with little returning to Hyperliquid.
 
In late 2025, Hyperliquid ran an RFP for a native stablecoin (USDH) to capture that revenue. Native Markets won the community vote, and USDH launched as an "Aligned Quote Asset" (AQA).
 

In May 2026, Native Markets sold USDH brand assets to Coinbase. USDH is being sunsetted over time (with feeless conversions/redemptions to USDC/fiat), and USDC becomes the primary/official Aligned Quote Asset on Hyperliquid. Coinbase acts as the main treasury deployer; Circle handles minting, redemptions, and cross-chain (e.g., CCTP).

 

How USDC Wins: 🔑 Key Advantages

Massive, sticky distribution in a high-growth venue: Hyperliquid is a leading on-chain perp DEX. USDC gains preferred status as the quote asset for most trading pairs, reducing friction vs. bridging/swapping other stables. This concentrates liquidity, improves efficiency, and funnels more capital flows through USDC.

  • Deep on-chain integration: Builds on prior Native USDC + CCTP launches. Coinbase's involvement adds fiat on/off-ramps and institutional trust. USDC was already dominant (~95% of stables on the platform); this formalizes and expands it.
  • Regulatory and brand alignment: Ties USDC to a high-profile, high-volume platform at a time when USDC has gained transaction volume momentum (surpassing USDT in some months post-regulatory clarity like GENIUS). It strengthens USDC's positioning vs. USDT (which dominates on centralized venues like Binance).
  • Longer-term consolidation play: Analysts see this as part of stablecoin market consolidation around established players with liquidity and infrastructure. Fewer conversion layers = better efficiency for USDC.
     

The Trade-Off (and Hyperliquid's Win)Hyperliquid gets ~90% of the reserve yield (estimates: $135–160M+ annually at current balances, potentially scaling to $300–500M with growth), funneled into protocol revenue/HYPE buybacks. This is roughly double what they got from USDH and turns stablecoin balances into a resilient revenue stream (less volatile than trading fees).

For Circle/Coinbase, they give up a big share of yield (analysts estimate $60–80M hit to combined EBITDA) but retain/expand USDC's role as the backbone stable on a major platform. It's a strategic distribution win over building or competing with a new native coin.

 
🎯Bottom Line: USDC trades some margin for premier, high-volume real estate in perpetuals/DeFi trading—the exact use case driving massive on-chain dollar demand. This cements its lead in the evolving stablecoin wars, especially as platforms demand better economics. The deal highlights shifting power dynamics: big platforms now negotiate hard for yield share.

 

   🙏 Donations Accepted, Thank You For Your Support 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:
1) or visit http://thedinarian.locals.com/donate

💳 PayPal: 
2) Simply scan the QR code below 📲 or Click Here

🔗 Crypto Donations Graciously Accepted👇

XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 
Read full Article
post photo preview
Handshake Wants to Be the Front Door to Bittensor’s Agent Economy

In this Beanstock interview, Harry Jackson of Subnet 58 (Handshake) lays out a thesis that’s worth understanding even if you never buy a single SN58 alpha token. He also explained where Bittensor’s agentic layer is heading.

We wrote the high-value distillation:

The one-line thesis

Handshake wants to be the front door to the agent economy on Bittensor. The Amazon-like gateway where AI agents discover, pay for, and stack together skills from across all 128 subnets.

Why this matters now
  • There’s a critical distinction Harry emphasized: AI is intelligence, but agents need tooling. An LLM without payment rails, plugins, and workflow infrastructure is “a young person trying to cut a tree down with a pen knife.”
  • Agent-to-agent commerce is on the edge of going viral. Harry’s prediction for the tipping point: a woman in her 40s lets her agent do her shopping end-to-end (research, stock check, autonomous payment), posts it to social media, and it becomes the “four-minute mile” moment everyone copies.
  • Bittensor is uniquely positioned because agents don’t care about marketing or pretty UIs. They only care about best-in-class products and services. That’s exactly what Bittensor’s 128 subnets produce.

The product reality (what’s currently shipping)

  • Handshake is live with paying users generating a few thousand USD in revenue as of today. The business model: 2% of every transaction on the platform.
  • The flywheel is Amazon-like: better skills → more agents arrive → providers get distribution → more skills get added → cycle repeats.
  • The headline product on the way is Axiom. This is an agent that trades subnets while you sleep. Built around the realization that what the Bittensor community wants from agents isn’t generic skills; it’s more TAO. Each “hole” they find in the agent becomes a new tradeable skill on the marketplace.

The investment angles (read these carefully)

  • The moat is data, not distribution. Every workflow run by an agent generates failure data, success data, payment data. No outside competitor can replicate that without running the marketplace itself.
  • The metric Harry tells you to judge them on is revenue. Not agent count. Not user count. Revenue, which is publicly visible on-chain via the front page of their site. He’s basically inviting investors to hold him to it.

  • The pitch for emissions: the biggest TAM in Bittensor is the agent market, and Handshake is the most integrated subnet, meaning if Handshake wins, the subnets it routes to all win too. Bullish on agents + bullish on Bittensor = bullish on Handshake by transitive logic.

Where Harry stands on the Conviction

  • On the conviction upgrade and locked alpha: he’s fine with it. Handshake is a revenue-focused company, so locked alpha isn’t a survival issue. He acknowledges it’ll be harder on research-stage subnets that need to raise external capital, but argues most subnet founders are thinking long-term, not short-term extraction.
  • On the broader vibe: he just got back from Bittensor events in Spain and San Francisco. He observed that the overwhelming reality of the ecosystem is people working hard to build the best products. “It’d be a lot easier in some ways to build a company outside of Bittensor.” The only reason to do it on Bittensor is if you actually want the moonshot.

Full interview below:

🙏 Donations Accepted, Thank You For Your Support 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:
1) or visit http://thedinarian.locals.com/donate

💳 PayPal: 
2) Simply scan the QR code below 📲 or Click Here

🔗 Crypto Donations Graciously Accepted👇

XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
post photo preview
🚨The State Of Bittensor (TAO)🚨
Greg Schvey | COO at Yuma Group

Last week at the @YumaGroup Summit I had the opportunity to present on The State of Bittensor. That presentation is in the thread below. If you choose to read it, I'd ask that you keep the following three things in mind:

  1. This is just one guy's view of what was the most relevant for a 25-minute talk; a difficult filter for such a dynamic industry.
  2. The slides were designed to supplement a talk; I've done my best to replicate what I recall of the talk in the accompanying X posts.
  3. The topic of the Summit was "The Tipping Point" - a candid assessment of what could lead to Bittensor's breakout success and what evidence we see of that today - which also thematically anchored this presentation.

Let's dive in:

We are in the most important race in human history – the race for intelligence itself. AI has advanced beyond the point of no return. As an example of what I mean: Ramp is a widely used financial services platform for companies. They looked at spending and revenue across their clients since the launch of ChatGPT: Companies who did not spend on AI have had flat revenue for the last three years. The top quartile of AI spenders have grown revenue by more than 100%.

We are already at the point where investing in AI is a matter of survival. But what exactly are we getting for the hundreds of billions being spent? Right now, its overwhelmingly going to corporations who have repeatedly shown they don’t have our best interest in mind.

 

 

Claude Opus 4.6 – the leading deep thinking model, had a measured hallucination rate of 16% in February. Then, without telling anyone, Anthropic throttled its reasoning – presumably to reduce GPU utilization – and didn’t tell anyone. Hallucinations climbed to 33% - a 98% increase.

They only admitted it after third party benchmarking proved it. And they were still charging everyone at the same price the whole time. Even since my talk last week, they've supposedly been found to be throttling people simply because HERMES.md was in their commits. You may say, "well there are solid open source options..."

 

 

Yes, open source models have gotten very good, but they’re not immune to capture either. Try asking DeepSeek what happened in Tiananmen Square and then let me know if that’s the intelligence you want to trust.

 

 

This needs to be addressed right now or it will be too late. To give you a sense of what I mean, this is a chart of the total annual commits on GitHub. That’s 500% growth since the launch of ChatGPT in 2022. From 200M per year to a one billion in 2025. 2026 is on track for **14 billion** The genie is out of the bottle – there is no going back; we are already at the exponential inflection point.

This reminds me of many years ago: Bitcoin shined a light on how much our rights were impacted when we became dependent on private companies to run our day-to-day lives.

Your right to privacy? That doesn’t extend to your bank account. Your "money" is just a ledger at a private company, available for interrogation and suspension at any time. Bitcoin gave us back the sovereignty of our wealth.

Similarly, we’ve depended on things like privacy of our medical records and attorney client privilege for our entire lives. What do you think is going to happen when a private company’s servers are giving you legal and medical advice? Who are you going to trust for that intelligence? The company that lobotomized its top model? The model constrained by the foreign governments? As I said at the beginning, we’re in the most important race in human history and Bittensor well may be our best shot at winning.

 

 

One of the things about having a different model to produce intelligence is it requires an economic system suited to it. Subnets are the intelligence and economic engines that drive Bittensor’s value. That’s why the Summit was themed around The Tipping Point: understanding how subnets can reach breakout success and what we can do to help.

To summarize Bittensor's intelligence economics: miners create intelligence for which they earn subnet tokens. In many cases they sell those tokens to fund operations, putting downward pressure on token prices and decreasing the incentive to mine (similar to bitcoin). In parallel, if that intelligence is being used to generate real world value, one of the parties who benefits from that value (e.g. the Operator monetizing it, institutions using intelligence commodities to advance their research, etc.) can buy the subnet tokens to keep token prices elevated and sustain the miner incentive.

Investors get to participate in this process, often supporting token prices before the commercial value of intelligence is realized, and/or subsequently holding an asset that parties gaining fundamental value from the intelligence (eg Operator or others) will need to purchase at some point in the future if they want to maintain sufficient incentives for the intelligence machine to continue running.

For Bittensor to succeed, this value loop has to work. So, to understand the State of Bittensor, we have to take a look at how that’s going today and what that means for the network overall.

 

 

One of the many unique features of Bittensor is that subnets are native to the protocol. That is not the case on most crypto networks where the true utility lives in smart contracts with no direct tie to network value.

As an example, Polymarket has seen 800% growth in volume this year. Users can bet any arbitrarily large amount of value on Polymarket for a few cents of network fees. There is nothing tying that to value of the network’s native token, which is down 80% over the same period as Polymarket’s amazing success.

 

 

Conversely, Bittensor subnets are intrinsically linked to $TAO. If you want $1,000 worth of subnet exposure, you first need $1,000 of TAO. We analyzed subnet pool data surrounding the announcement of @tplr_ai's recent training run and normalized across them by indexing them to a starting level of 100.

As shown by the orange line, there was no material change in pool size for non-Templar subnets over the observation period. There was however, major inflow into Templar’s pool. Given Bittensor’s unique network model, we saw a direct correlation to the change in TAO price over the same period. As value flows into subnets, the whole network benefits. A rising boat lifts the tide, so to speak.

 

 

That can go both ways. When Sam left, we saw something similar in reverse; as value was exfiltrated from the network, it started in Covenant subnets and dragged TAO down with it. You know what else we saw in the data though? For all of the noise about concerns of Bittensor’s future, the other subnet pools were mostly unchanged.

The event was interesting because it reminded me of the early days of bitcoin: people would say Bitcoin was only used by drug dealers on the internet. I'd stare at them aghast because in the same breath they told me that an open, permissionless network was used to reliably move money anywhere in the world in minutes by the most untrustworthy people on the planet and yet they didn't understand how the technical feat required to achieve that would create tremendous value.

The Covenant situation is similar: people were concerned about the operator's exit, rather than realizing the only reason we care is because a ground-breaking technical innovation was achieved. But even bigger than that: Bittensor has 128 subnets currently, each striving to generate value for themselves and, transitively, the network as well.

 

 

And we’re seeing that occur – Templar was not unique in that regard. The same pattern emerged around the Intel publication on @TargonCompute. The non-Targon pools remained largely unchanged. Targon saw heavy inflows. TAO price climbed with it.

Again: rising boats lift the tide. And there are many boats in Bittensor right now.

 

 

We’re seeing major technical innovations at an increasing rate.

Just a few examples from the last couple weeks:

@QuasarModels just announced a custom attention architecture targeting 5M token context windows.
 
@IOTA_SN9 developed a technique that compresses data flowing between distributed GPUs by 128x with little to no loss in training quality, increasing viability of training large AI models across internet-connected machines worldwide.
 
We're seeing the building blocks start to form whereby competitive large generalized models can eventually be built. In the meantime, we're also witnessing more targeted, niche players start to pull ahead in their respective fields.
 
During the presentation, I gave the example of @resilabsai achieving 90% accuracy on their home valuation model, making it the most performant open source model and quickly approaching state of the art. Quite literally as I was explaining this during the talk, @markjeffrey pointed out they had just achieved 98% accuracy.
 
In the time between when I prepared the presentation and actually presented, they went from best open source to at or near state of the art - only further highlighting the unique value of Bittensor's open, competitive intelligence creation cycle.
 
 
And the tech that’s being built on Bittensor is getting real attention from serious players. Again, just a few examples of many: Harvard partnered with @Chutes on research about AI inference efficiency. Valeo – an auto company with $20B in annual revenue – is working with @natix on an AI model for self-driving cars. @zeussubnet- the weather forecasting subnet, is the only party in the world allowed to use data WeatherXM’s network of global weather sensors for commercial purposes. And there are in fact many subnets already commercializing their intelligence.
 
 
 
Most of us are already aware of Chutes seven-figure ARR, but a few other examples:
 
@LeadpoetAI– which uses their Bittensor subnet to source sales leads, announced earlier this year that they crossed $1M ARR
 
@Bitcast_network– the content creation platform built on their subnet competition – is already operating profitably
 
@lium_io– a hardware subnet – has bought more than 4,000 TAO worth of their token
 
Remember the economic model I outlined earlier; we’re seeing real evidence that it’s starting to work across many subnets. Intelligence built on Bittensor, capturing value in the real economy, and bringing it back into the network.
 
Action shot of this slide courtesy of @Tom_dot_b
 
 
That’s why when we look at Bittensor we like to look at Total Network Value (TNV);
$TAO market cap is only part of the story in Bittensor. TNV = market cap of TAO + market cap of subnets – tao in the pools [as not to double count] The actual value of this network is already higher than most people realize. And notably, subnets make up an increasing proportion of TNV – recently crossing 35% - as value continues to flow into the pools.
 
 
 
Interestingly, we recently noticed a change in TNV: In particular, despite all the volatility in TAO, the dramatic subnet issuance curves, etc. - the combined subnet market cap had been remarkably consistent around $750 million for most of the last year, until recently.
 
It’s nearly doubled over the last few months – a clear breakout in the trend. If you were looking for Tipping Point, it might look something like this...
 
 
 
I hear a lot that that value is relatively concentrated in the largest subnets. And the market cap distribution does indeed reflect that, but that’s not necessarily a bad thing.
 
 
 
This is the market cap distribution of the S&P 500. Many healthy economic systems tend towards Pareto distributions. And so what if some subnets are worth more? As we showed earlier, this is an ecosystem that will win or lose *together* And we’re seeing that play out every day.
 
 
 
We track announcements of subnets utilizing each others infrastructure and intelligence. Just as an example, we identified at least eight subnets who announced that they use Chutes for inference. But we have dozens of similar examples of cross-subnet collaboration across many subnets like
 
What’s notable about this:
 
1. Collaboration seems to be happening at an increasing pace as subnets continue to mature and build out contiguous pipelines of AI infrastructure
 
2. Keeping money circulating within an economy creates a money multiplier. Capital circulating within a single economy without leaving creates economic value for each party it passes through, without having to bring in new capital. That’s uniquely possible here because of the diversity of infrastructure built on Bittensor.
 
This network is not 128 discrete growth drivers; it’s increasingly functioning as an interconnected graph, which has substantially more stickiness and value And the pace is about to increase dramatically:
 
 
 
We’re starting to see increasing agents operating on Bittensor: subnets mined by agents, subnets operated by agents...
 
Consider the Bittensor value flywheel:
 
-An intelligence goal is established
-Miners compete to achieve the goal
-That produces intelligence
-Intelligence generates value
 
That’s happening today, as we’ve seen earlier in this discussion.
 
As agents get more capable, that flywheel spins faster and faster. Permissionless entry means any agent can compete. Protocol-native economic incentives mean good work gets rewarded. Bittensor is uniquely advantaged for agentic speed over guarded, centralized alternatives with corporate procurement cycles.
 
That also means exploits will be found faster. But, it also means solutions that harden the network against them will be found faster as well.
 
Accordingly the impact of the network primitives – incentives, accessibility, governance, security, reliability, and all the infrastructure we’re building around the network - have an exponentially larger impact. It is critical that we get these right. The time to nail this, is right now. If we don’t someone else will.
 
 
 
The good news is, for now, Bittensor seems to be in the lead The 30-day moving average of Daily active wallets just crossed a record, approaching 10,000 Up 100% just in the last year.
 
 
 
We’re also seeing subnet ownership increasingly diversify and distribute. The median number of holders of subnet tokens at 2,000 is a 10x increase since the dtao launch a year ago. And at Yuma, we spend a lot of effort and resources to help broaden that access.
 
 
 
Yuma currently partners with 16 custodian and wallet providers to bring Bittensor access to the masses As an institutional-grade validator, the relationships and service we offer give them the confidence to make TAO staking available to millions of end users.
 
During the Summit, we announced that BitGo’s clients will now have access to subnet token staking through our partnership, making subnet investing available to customers of one of the world’s largest custodians.
 
 
 
We also help people gain access to subnets via investment vehicles. The Yuma Composite Fund gives investors access to a market-cap weighted portfolio of subnets through traditional investment structures. The Yuma Large Cap Fund gives investors concentrated exposure to Bittensor's largest subnets.
 
Our institutional asset management team handles everything from initial subnet token purchases, to portfolio rebalancing, custody, and reporting. The appeal for institutions is obvious, but even for the Bittensor native, it’s an amazingly simple way to get access to a broadly diversified portfolio, rebalanced regularly.
 
Between the breakout performance of subnets, the attractive staking rewards, and benefits of diversification, the Yuma funds have outperformed TAO materially year to date [as of when the presentation was created] Nearly 3x outperformance relative to TAO.
 
 
 
And last but definitely not least, our subnet accelerator has helped a wide range of companies access Bittensor. We help them acquire subnet slots, design incentives, provide marketing assistance, review pitch decks, make introductions to other investors, etc. At Yuma we deeply believe in the power of subnets and have helped many of the network's leading intelligence providers start and succeed.
 
 
 
Disclaimer: For informational purposes only.  Nothing herein should be construed as financial, investment, legal, or tax advice.  This material does not constitute an offer to sell or a solicitation of an offer to buy any securities or tokens.  Investing in digital assets involves significant risk, including the potential loss of principal.  Subnet tokens do not represent equity or ownership interests in any entity.  Performance comparisons and index references are illustrative only and not indicative of future results.  Charts and indices are based on methodologies and assumptions that may change and may not reflect actual market conditions or liquidity.
 

  🙏 Donations Accepted, Thank You For Your Support 🙏

If you find value in my content, consider showing your support via:

💳 Stripe:

1) or visit http://thedinarian.locals.com/donate

💳 PayPal: 

2) Simply scan the QR code below 📲 or Click Here

🔗 Crypto Donations Graciously Accepted👇

XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals