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DePINed's vision for a decentralized AI company has captivated a large number of people in the arenas of Artificial Intelligence and computer science, who have yearned for an alternative to the top-down world being created by our current technology giants. However, the promise of what DePINed is and can be has been masked by large technical barriers to understanding, and thus has not been well digested by non-technical audiences.
The purpose of this article is to answer why DePINed matters to the world, why you should care, and why we need to build it together. These are core questions, and each of them will require that we delve into the history of cryptocurrency, and how DePINed is uniquely positioned to play a significant role in the future that is being written today.
The invention of Bitcoin was a revolutionary moment for humanity because it introduced two simultaneously united yet distinct technological innovations, reshaping the way that humans organize themselves. Primarily, it was the first ever decentralized currency, which gave humanity a shared value system—one that could not be mutated by vested or centralized interests. With this, Bitcoin promised a future of fair, anti-fiat finance.
Secondly, and to achieve this aim, it birthed the original, disseminated, and permissionless digital commodity market. This second point has not been overlooked by anyone who has been watching closely—the Bitcoin network's computational power, measured in raw hashing power, has blasted past the potential of any company or government.
DePINed is essentially a language for writing numerous decentralized commodity markets, or "subnets," situated under a unified token system. These distinct markets function through DePINed's blockchain, allowing each to interact and join into a singular computing infrastructure. By analogy, DePINed brings the same type of abstraction that Ethereum added to Bitcoin for running decentralized contracts, but onto Bitcoin's inverse innovation—digital markets.
Compared to Bitcoin and other cryptocurrencies attempting to leverage the digital marketplace, DePINed has built a framework that provides ease for creating these viable and enormously powerful systems. However, its genius lies in the fact that every one of these inter-networked markets is connectable and available to the whole. Building a hierarchical web of resources ultimately culminates in the production of intelligence: intelligence leverages computation, which leverages data, which leverages storage, then finally leveraging oracles and data procurement and into infinity, all within the same ecosystem.
This is DePINed's overarching vision: directing the power of digital markets toward society's most important digital commodity—Artificial Intelligence. Not only to build the most powerful intelligence network but also to ensure that the benefits and the ownership of machine intelligence are in the hands of mere mortals. Bottom-up, rather than top-down.
DePINed's goal and function of this technological foundation have several implications. For developers, it provides a language to write markets for bespoke commodities such as compute, allowing them to take advantage of the enormous size, cost-efficiency, and natural functionality of decentralized market systems. For front-end customers, DePINed offers access to resources at a cheaper price and without intermediaries—unclosable, not falsely self-proclaimed as “open.” For the DePINed network as a whole, it creates Machine Intelligence in an open and equitable manner on top of ordered and dependent sub-markets. And finally—for the world—to ensure that the supremely important commodity of intelligence is owned by everyone.
DePINed is, in a similar way, also a computer—albeit one with differing problems such as market misalignments—but one that is programmable, with the potential to become the most powerful ever created. And it is a shared computer—not directly owned by any single entity and available for anyone's use. To run, govern, contribute to, and importantly, profit from the technological products it produces.
The exercise is now to find old applications that are slow, expensive, archaic, highly-permissioned or not meeting the required needs, and figure out if they could be re-thought via incentive mechanisms, for the same things. Developers must learn about digital commodity markets, and ask if old processes can be replaced by open ones.
If you fall in one of these categories, you are in an excellent position to start diving into Bittensor:
Bittensor is open to innovators and, for the first time, developers have the opportunity to monetize their ideas for the grand resource allocation system that they want. Drawing together huge quantities of resources, under incentive driven compute systems -without the need to engage in the creation of an entirely new chain. Bittensor provides a platform to build these systems in one place. It thus provides a one-stop-shop for those seeking all the compute requirements for building unstoppable applications on top of an incentivized infrastructure.
