My takeaways from the podcast featuring the Liberman brothers, founders of the decentralized AI project
Gonka.ai.
1. Bitcoin is the world’s main data center; its total computational power is still larger than all AI data centers combined.
2. According to the Libermans, about 10% of miners will eventually switch to mining Gonka, providing compute for decentralized AI.
3. The efficiency of ASICs used to mine BTC has increased 300x over 13 years. We may see something similar happen with AI chips.
4. Render and Filecoin are real, globally used products—video rendering and cloud storage. But their tokens keep trending down. Why? More on that in the conclusions.
5. Renting GPUs for AI costs around $50 per day. You spend that money and potentially earn mined tokens that might be worth more later… or might not. 😆
6. The initial cost of mining 1 Gonka token was 2 cents. By the time of the podcast, it had risen to 10 cents.
7. In the future, each of us will have personal robots that we can rent out for different types of work—factory jobs, restaurant service, taxi driving (it’ll be cross-platform, not controlled by autonomous-car monopolies), cooking, cleaning someone’s home, and so on.
8. A possible robot-sharing model: 7 hours working at home, 3 hours charging, 7 hours working your job, 7 hours helping society and the government—building roads, placing IV drips, etc. In about 30 years, we may have one robot per person (a bit like Star Wars). Estimated cost of such a robot: about $5,000.
9. In 2001, free Linux held only 1% of the OS market. Today, 80% of servers, networking equipment, and mobile devices (Android) run Linux. The same thing may happen with AI: today 99% is controlled by monopolists, but projects like Gonka may change the landscape.
10. The next generation of Bitcoin ASIC chips will likely support AI computations.
11. Market leaders in decentralized GPU: Bittensor, Render, Akash, Gensyn.
12. Independent countries are very concerned about US/China AI dominance; they want their own sovereign AI as soon as possible. That’s why nations with strong mining infrastructure, like Kazakhstan and Bhutan, are moving into this field. Durov’s interest in Kazakhstan is directly connected to its excess GPU capacity. We should watch these countries closely to see which platforms they choose.
CONCLUSIONS
We already have Filecoin, Render, Helium. These decentralized systems work, but they lack monetary function. Because of that, they attract mostly industry professionals, and AI tokens like Gonka will likely follow the same path.
Bitcoin and Ethereum do have monetary function.
Bitcoin is digital gold.
Ethereum is digital real estate in a global registry of rights, with the ability to earn yield from ownership.
Stake ETH and earn passive income independently of governments.
If you want to speculate on Gonka or other decentralized-AI mining projects, don’t invest too much, especially since it’s quite expensive, starting at around $1,500 per month.
Following Taleb’s Barbell Strategy, it makes sense to keep 90% in the most reliable assets like BTC and ETH, and the rest in higher-risk plays such as Gonka.
I believe in the future of AI, but I’m not convinced that its tokens will outperform BTC and ETH.
If I had to choose where to store 100% of my assets for the next 100 years, I’d pick Ethereum. I go to Ethereum conferences every year just to reaffirm that everything is on track. 🤓
P.S. Bitcoin and social capital are also great investments, right alongside Ethereum.