Chamath makes a sharp point, but it doesn't apply to Bittensor. This ecosystem thrives in chaos, and $TAO embodies that entropy-minimizing force in action. Dynamic $TAO transforms chaotic perturbations into emergent order through an infinite game of self-assembling agentic intelligence.

Subnets like Chutes (SN64) and SN9 prove this. Chutes enables instant deployment and scaling of thousands of AI models without complex hardware, all powered by $TAO. SN9 outperformed giants like Google & even DeepSeek on benchmarks by leveraging innovative techniques. These subnets operate like lean, adaptive startups, focused on specific problems and will be self-funded through Dynamic $TAO - a big difference compared to the billion-dollar budgets.  

The genius is the market-driven nature. The community decides where value is, with the best subnets rising to the top, naturally. Validators keep it running, miners contribute models, and $TAO holders stake into promising subnets. It's a perfect balance of collaboration and competition, driving constant growth.

Open-source is in Bittensor's DNA, but unlike most open systems, contributors are rewarded(which is needed) based on the value they bring. Dynamic $TAO ensures innovation flows organically, funded by the community rather than burning through investor cash.

So while the AI industry struggles with the "money trap," Bittensor is booming. It's niche, balanced, decentralized, and unstoppable. $TAO is the force of adaptive AI, not reliant on just venture capital, but powered by the collective intelligence of the whole community.