Bittensor Subnet #16 - BitAds, advertising via Bittensor

In this video, I discuss Bittensor Subnet #16 - I delve into the potential of advertising on the blockchain and highlight how BitAds operate within the Bittensor network, where user requests are processed by validators and miners, who compete to produce the best outputs for rewards.
🚀 The competitive landscape drives miners to enhance their performance, influencing their rankings and earnings within the network.
💡 Traditional marketing methods often fail to deliver returns, prompting the innovative approach of BitAds, which aims to charge advertisers only for engagements that result in actual sales.
🌐 This new model focuses on high-quality engagement and sales conversion, potentially revolutionising the advertising industry by aligning the interests of businesses and marketers.
Timestamps:
00:00: Introduction to BitAds on the Blockchain
00:35: BitAds Function within Bittensor Subnet Model
02:14: Validators and Miners: Roles and Rewards
04:05: Competitive Landscape and Performance Incentives
08:56: Marketing Challenges and BitAds Solution
10:30: Revolutionising Advertising with Genuine Engagement
12:45: Future Prospects of BitAds in the Advertising Industry
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[@jnicholasgross2808]

Keith is awesome, he got me interested in Bittensor in his video with Mark Jeffreys

[@CryptoDave17]

Awesome video. Explained very well.

[@aqua123670]

thanks for sharing, please do more of this

[@craigfrozz3069]

Go Siam

[@stringfellowhawk5361]

such a chaotic speaking style

[@SpartanWealth1]

I prefer it. It’s straight from his dome. No editing, no BS just speaking exactly what is on his mind. Siam is a lej

[@thedirthunter4336]

Hi Siam, love ya work re TAO and Kas as im a big believer however how does Bittensor apply to traditional PPC companies such as Google and Facebook for businesses? Would they be on a bit tensor platform or would they be ( for lack of wording ) an associate business earning a commission for the lead generated on their platform? If so, how would that model work out ? I ask because I'm a humble service-based business (b2C) that gets a majority of my work from Paid Marketing. 80/20

[@Gerbyq]

Interesting. I spend a bout $50K a day on Facebook and Google ads. checking it out

[@leeprice9608]

With everything TAO has coming down the pipeline……. It’s hard for me to see me taking any profits from TAO this cycle, is this stupid of me or are other feeling the same way? 1024 subnets coming, Halving 2025, will I be able to buy back in at a price that’s worthwhile? I know everything gets overvalued, the drawdowns are huge in crypto projects, is TAO different? HELP!!!!!!! 😂

[@ddddd1666]

what,s your latest opinion on $Taonu ?!