YR(τ,τ):
Curve wars, Spirit wars, and Token wars in DeFi, are all about accumulating governance share to direct incentive for liquidity pools, in order to profit from voting bribes.
It is quite derivative however, a metagame on top of liquidity farming DeFi, but is literally commanding billions of $ MCAP e.g. [Redacted] cartel ($BTRFLY). This is the space of reserve currency and stable coin liquidity.
I'd like to draw an analogy here to the future of world-scale AI, and what bittensor is doing in distributing and decentralizing a growing artificial superintelligence. Enter the Tao wars.
Elon Musk said *'Mark my words — A.I. is far more dangerous than nukes'*.
There are calls for "*official government oversight and enforceable multilateral agreement*" to "*avoid an apocalyptic future that subordinates humanity to (mis)anthropic computers and robots*"....
and to "*urgently recommend international negotiations comparable in diplomatic and moral complexity to cold war nuclear-weapon treaties*"
quillette.com/2022/01/07/the-case-against-the-case-against-ai/
The Tao wars is the race toward and fight over governance of the largest superintelligence, represented by Bittensor $TAO holdings, which grants validation power over contributors of intelligence and service priority to consume and utilize the intelligence
Secondary markets would accumulate $TAO, the way Convex and [Redacted] cartel is accumulating Curve tokens for the Curve wars. The Tao wars are about intelligence liquidity, whereas the Curve wars are about currency liquidity.
Presuming that the future will see growing significant adoption of AI to power large industries, certainly a view which many are supporting, intelligence liquidity could become much more well capitalized.
Bittensor is the only project I know of that offers an incentivized game-theoretic mathematical solution to decentralizing AI, namely a viable consensus-for-intelligence...
This alone should already command a market premium, regardless of how long it takes to perfect the AI modeling utilizing this consensus.
My personal 20-year view on this space is underlined by the upward trends in AI tech, world connectivity, compute improvements, which will make distributed AI increasingly good and eventually superior to any single corporate effort.
Decentralization is catalyzed and incentivized by consensus-for-intelligence, and alignment of world-scale compute on par with BTC and ETH v1 kick-starts a new web3 narrative on AI.
We're 5-10 years before we'll see widespread recognition and adoption for this narrative, and early adopters may see outsized return for their astute foresight.