Talking Tao: with Mark & Siam
From Revenue Search: Inside Bittensor by Mark Creaser and Siam Kidd
March 9, 2026 · 1h 11m
About this episode
Mark and Siam discuss Bittensor's ecosystem, its unique approach to blockchain, and the implications for investment and AI services.
This hosts-only “Revenue Search” episode is a casual catch-up where Siam and Mark answer live chat questions and discuss Bittensor’s bigger picture. They explain that accepting fiat for subnet services doesn’t bypass alpha value—fiat typically routes into TAO and then through liquidity pools—and that long-term alpha appreciation depends on each subnet’s “alphanomics,” mainly revenue-funded buybacks and/or getting miners to lock up alpha (with Chutes and Hippias cited as strong examples). They then talk about why they pitch Bittensor as “not really crypto” to newcomers (it uses blockchain as a coordination/resource-allocation layer for AI), compare Bittensor’s growth vs Bitcoin, and touch on rehypothecation risks as markets mature. They also cover TaoFlow and subnet churn (registration cadence, deregistration “relegation,” and why they don’t want more than 128 slots yet due to chain bloat and diluted incentives), plus investing views like TAO vs a broad basket of subnets depending on how active you plan to be. A major section focuses on agents: Siam describes building his OpenClaw agent (“Gordy”) with SOPs and tools, and they argue agents will increasingly discover and use…
People in this episode
Hosts: Mark Creaser, Siam Kidd
Topics covered
- Bittensor
- alpha value
- subnet services
- agents
- investing views
- blockchain
- AI coordination
Keywords
- Bittensor
- alpha appreciation
- subnet churn
- agents
- OpenClaw
- TAO
- rehypothecation
Mentioned in this episode
Organizations: Bittensor, Chutes, Hippias, TaoFlow, Handshake, Astrid Arena
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