🚨 Bittensor’s founder: “TAO isn’t a crypto—it’s AI infrastructure” 🚨
A major narrative shift is being pushed by Jacob Steeves—and it directly challenges how most people view tokens like TAO.
🔑 Key points
🔹 Not a token-first system
Steeves argues TAO isn’t meant to be a speculative asset—it’s the incentive layer powering a decentralized AI network.
🔹 Marketplace for intelligence
Bittensor functions as a peer-to-peer market where AI models compete and get paid for useful output, not hype or staking alone.
🔹 Subnets = micro-economies
The network is split into specialized subnets, each acting like its own AI market (text, vision, prediction, etc.), rewarding contributors based on performance.
🔹 Fixing open-source AI incentives
Bittensor aims to solve a core problem:
👉 open AI research isn’t well monetized
👉 centralized labs dominate
So it introduces token rewards to incentivize global contributors.
🔹 “Proof of intelligence” model
Instead of proof-of-work or proof-of-stake, the network rewards useful machine intelligence output, turning AI into a measurable, tradable resource.
🔎 Why it matters
🔹 Reframing the entire asset class
This isn’t trying to be:
a currency
a DeFi token
👉 It’s trying to be AI infrastructure—like AWS, but decentralized
🔹 Compute economy thesis is getting real
We’re seeing convergence:
GPUs (Nvidia)
AI models
blockchain incentives
👉 forming a global market for compute + intelligence
🔹 From apps → primitives
Most crypto = apps (DEXs, NFTs, payments)
Bittensor = base layer for producing intelligence itself
🔹 But there are real challenges ⚠️
Not everything is solved:
Incentive systems can be gamed (validators vs miners)
Concerns about decentralization and governance have surfaced
Revenue vs emissions imbalance is still debated
👉 So the vision is big—but still being tested in real time
🎯 Bottom line
This is the key takeaway from Steeves’ argument:
👉 TAO isn’t the product
👉 AI production is the product
The token is just the fuel that coordinates a global network of machines competing to produce intelligence.
If that model works…
💡 Bittensor doesn’t compete with crypto projects
💡 It competes with OpenAI, Google, and cloud infrastructure itself
And that’s a completely different level of game. 🚀
🔗 https://blockonomi.com/bittensors-jacob-steeves-outlines-why-tao-is-ai-infrastructure-not-just-another-crypto-token/