Member Info for 21ATS

Nice to see Mark invest. At a premium to current SP also.

Still waiting for a better explanation on how/why/where they managed to spunk 2m in ETH.

That needs clearing up and putting to bed before anything further takes place.

Edit, end of Feb/early March, as per rns end of Jan.

Didn't they also receive A$750k at the end of January for the sale of Nimba?

Circa £400k or $530 usd

The jump in Tao is more likely to do with the Anthropic news over the last 24hrs.

This could be the "ah-ha" moment for Bittensor. I guess we'll know in hindsight.

A really well constructed X post from Siam, laying out the state of flux in which Bittensor finds itself right now.

https://x.com/SiamKidd/status/2064009165618458846

This is how early we are. This is why it's a 2-3 project. Not because Astrid can't or isn't capable of building what it needs to build. But because the foundations on which it's building (which are being laid by someone else) are not yet fully completed.

This is the part completely out of their control.

3m shares at 10.55am 1.15p was my sale. Shame as it was looking promising, but the delay combined with todays sells is too many red flags today. I'll take a small loss and protect my capital.

I'm out, can't ignore sells of that size at under bid.

It will be interesting to see if they pay any “prizes” for the current event.

In the last one, all the contestants were disqualified for technical breaches. One or two are appealing, it appears.

Tao is being dragged down not only by the general crypto markets but also as a result of the meddling with the fundamentals. The people (the altruistic multimillionaires) who “run” this decentralised ecosystem are still getting to grips with the fundamental human nature of greed of those that haven’t yet become multimillionaires but then suddenly find themselves in that very position. And then beat a hasty exit along with the inevitable “extraction”

Whilst Mark and Siam have great intentions within this space, the bigger picture right now is completely out of their hands.

This (Astrid) is now effectively a binary bet on whether Bittensor/Tao grows to its potential. No serious money (institutional) beyond historic speculative crypto investors (Barry Silbert etc) is going to enter the field of play whilst it’s in its current unstable state. And it desperately needs institutional-level investment to grow.

They’re in the bottom drawer for me. This will be a year or two minimum.

MT100, We're singing from the same hymn sheet here.

They were out of their depth trying to take on Milkly in the financial position they're in now.

There's no harm in looking and crunching the numbers. But it's important to be aware when it's just TOO big a stretch (pun intended).

I'd like to see them consolidate the solid position they're in right now and pay down some debt before the next acquisition.

Either way, knowing when you've bitten off more than you can chew and acting on that in the best interest of the business is sound decision making IMO.

A sound decision in my mind. It looked like they were overstretching.

It looked to me like they were trying to run before they could walk.

No idea if the market will see it the same way. But the last set of operating numbers were positive so it makes much more sense to build on that in the short term.

With perfect timing just to highlight how one person has so much "weight" on Bittensor.

A single tweet from Const gets people scrambling to buy SN127 Astrid.

https://x.com/const_reborn/status/2059636122758586591?s=20

Nice to see something positive for a change.

In the ecosystem and openly on X. Sam, DSV fund and Astrid (but mostly Siam) are openly being accused of being scammers and extractors.

It's been going for a while unfortuntely. Originally is was confined to Discord but it spilled over into social media.

Https://x.com/AstridIntel/status/2059598354611380354

I’m in for the long haul here. I have no reservations about the integrity or ability of Siam or Mark and the team they’ve assembled.

What does play on my mind are the things beyond their control. The constant “tinkering” with Bittensor.

The appalling attacks and misinformation that the hardcore “clique” post on socials.

The appearance that this “decentralised” network appears to be anything but decentralised.

This genuinely could be as big or bigger than BTC. If it doesn’t implode on itself before it gets here. So many, so closely involved, can’t seem to be able to see the wood for the trees.

Helps if I post the link.

https://x.com/SiamKidd/status/2059217876158959855

Presenting many of the issues that currently exist in Bittensor, along with solutions.

Highlighting how early we are in this.

Echo a lot of my feelings currently. This has the potential to be a life changer, but they (they being Bittensor) need to get their $hlt in order before the real money starts flowing in.

Well, it's looking a little less ugly than it was. That can only be a positive.

The biggest issue for HAMA is that it overpromised and underdelivered in such a huge manner last year, that any good news going forward has to be spectacular to move the needle.