Statements pointing out that there has been a significant transformation in the global computing infrastructure came to the fore at the Proof of Talk summit held in Paris. Bittensor co-founder and Crucible Labs partner Ala Shaabana argued that computing capacity is now concentrated in open, global networks, not just closed corporate data centers.
Bitcoin comparison highlighted
While explaining the scale reached by distributed systems, Shaabana compared the Bitcoin network to traditional corporate infrastructures. Accordingly, Bitcoin’s hash rate reaches a level more than 600,000 times the total processing capacity of the world’s 100 most powerful supercomputers. Shaabana specifically emphasized that this comparison only applies to Bitcoin.
Shaabana said that Bitcoin has far surpassed the 100 largest supercomputers, with its hash rate exceeding 600,000 times the total power of these systems.
This assessment reinforces the view that decentralized networks offer a new model not only for financial transactions but also for the organization of large-scale computing. In the speech, it was explained that open networks can bring together large-scale hardware capacity thanks to the code and incentive mechanism.
How the Bittensor model works
Bittensor, which stands out in Shaabana’s statements, is defined as a Layer 1 protocol structurally similar to Bitcoin. The network has a cap of 21 million tokens, halvings are embedded in predetermined blocks, there is no pre-mining and there is no venture capital support. However, the system uses an artificial intelligence operating and verification model instead of hash puzzle-based mining in Bitcoin.
Mini dictionary: Bittensor is a blockchain network that aims to organize artificial intelligence production and verification with economic incentives. Subnet refers to subnets that focus on a specific task within this network and have their own reward structure.
The network consists of 128 specialized subnets. In these structures, called subnets, each network determines its own target and miners try to perform in accordance with that target to receive the TAO token reward. Thus, which type of intelligence and which output the network will highlight is directly shaped by the reward mechanism.
Incentive system was shown as the determining factor
According to Shaabana, the center of this model is incentive design, not coordination. In his speech, he stated that when looking at a subnet, it can be directly understood what miners are trying to optimize. If the award is given to calculation speed, speed comes to the fore; if the award is given to data storage, storage capacity comes to the fore.
Shaabana said that the long-term bullish scenario is no longer fueled predominantly by technology, but by debt, liquidity and loss of trust in traditional sovereign systems; He stated that subnets create new markets and performance is directly rewarded.
In this context, Shaabana argued that the code and coordination logic that turned Bitcoin into a powerful computing engine on a global scale can also be applied to the field of artificial intelligence. He said that thanks to the structure divided into 128 subnets, developers can access global hardware and expertise without the need for a central technology monopoly.
The speech also expressed the view that open networks can attract talent and processing power more efficiently compared to standard company structures when the right programmatic goals are defined. It was stated that the determining factor in this approach is the economic setup that directs the participants to which output, rather than the technical architecture.
