#减半机制 Recently, I have seen discussions about the Bittensor Halving, and many people are attracted by the term "AI version of Bitcoin moment". I would like to honestly share some thoughts.

The halving mechanism itself is worth serious attention - the daily supply has been cut in half from 7200 coins to 3600 coins, and with 81% of TAO already staked, there will indeed be pressure on the supply side. However, I want to remind you that scarcity does not equal value. Bitcoin took more than a decade to establish consensus and liquidity, while Bittensor's decentralized AI narrative is still in the early validation stage.

A more realistic observation: the thriving of 129 subnets indeed showcases ecological vitality, and the influx of institutional funds also confirms market enthusiasm. The question is, which of these subnets can survive? Can their actual utility support long-term value? These are the decisive factors.

My suggestion is simple – if you believe in the long-term logic of the AI computing power sector, then ask yourself a few questions: What percentage does this investment account for in my overall asset allocation? How much volatility can I tolerate? Do I really understand the economic model of TAO?

Halving will trigger expectation games, and there may be fluctuations in the short term, but don't let the term "moment" cloud your judgment. The prudent approach is always to understand your risk tolerance, set reasonable positions, and focus on a two to three-year cycle. Historically, there have been people making money and others losing money with each Halving; the difference lies in mindset and strategy, not in the speed of chasing trends.