The Resurgence of Decentralized AI | Roundup

**Xavier** (0:00)
It's very similar, like, AI reminds me is why we got into crypto in the first place back, you know, 15, 20 years ago when it was created. Financial institutions lost trust with the world. And I think right now in AI, I wouldn't say Frontier Labs have lost trust in the world, but I would say that we are at the very, very early beginnings of what it looks like when they're so powerful that they can actually impact the world with their decisions.

**Myles** (0:21)
Hey, everyone, quick disclaimer before we get into today's episode. Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and the views expressed by anyone on the show are solely our opinions, not financial advice. Our guests and I may hold positions in the companies, funds, or projects discussed.
What's going on, everyone? Welcome back to another episode of Bell Curve. You got me, Myles and Xavier. How are we doing, guys? Good.

**Mike** (0:49)
Good.

**Xavier** (0:49)
Good night.

**Mike** (0:51)
Got a World Cup fever. We got the Battle of Bell Curve USA versus Australia on Friday.

**Myles** (0:58)
Yes, I've been following this closely.
How are the Scots doing in Boston, Myles? I see they're taking over.

**Mike** (1:10)
Excellent. They bring such good energy. I think it's a match made in heaven.
Everybody in Boston loves them. And yeah, it's just fun. You look outside and just see a bunch of drunk dudes wearing kilts, you know, bringing good vibes.

**Myles** (1:28)
I feel like Scotland and Boston are a match made in heaven in general. But that my, we were talking about this last night too, but my favorite content right now, and I hadn't seen it until you flagged it to me, but all the Europeans coming over and enjoying like big gulps.
And like, you know, grits in the south, just like huge platefuls of fried chicken and gravy. It's like, this is great.

**Mike** (1:52)
I love it. It's wholesome content.
You know, it's cultures, cultures understanding each other better. And yeah, it's like kind of makes you patriotic. Yeah, America is fucking awesome.

**Xavier** (2:07)
Yeah, yeah. I almost FOMO'd in to a ticket. It was Australia versus US on Friday.
And I was in West Coast US, and someone offered me a ticket this Friday. Apparently the game's in Seattle and almost did it. But yeah, unfortunately held off. So hopefully I don't live to regret that. But yeah, it was awesome being in US last week where you guys are right now, being a part of the World Cup fever. I'm very jealous over that you have it for the whole month.

**Mike** (2:34)
Damn, that's a hot ticket. Wow.

**Myles** (2:38)
The US right now is, I mean, the Knicks won in New York. We got the World Cup. I also, I don't even know if I want to say this on air, but I caught the first, like the opener of that UFC on the White House lawn. And I logged on. I was prepared to hate it. I was like, oh, I hate this. But then I watched the opening and I was like, oh, this is actually kind of metal.

**Mike** (3:07)
Yeah.

**Myles** (3:10)
Yeah, I don't know. It's a lot of stuff happened over here recently. But all right. Speaking of stuff that was prepared to hate, but might potentially be metal. We're going to be talking about the intersection of AI and crypto today, which has largely been left for dead. And I think an area that most people, when they think about the intersection of AI and crypto, you might think of, there was kind of a run of some of these projects a couple of years ago, decentralized training, that type of thing, even a couple application layer things that were going to get built. I mean, obviously, BitTensor, Tau really took off and one of the teams that we'll be talking about, Noose, who's still hanging around. Noose or New, depending on what you're reading. Okay.
More recently, I think, the vision that people have been excited about is agents paying on stable coin rails.
So I think maybe that has reignited some amount of excitement that there could be an overlap here. But really, the reason that we're doing this episode is because of some of the announcements that came out of Anthropic, over this last week. So I'm sure people have been following this, but in case you haven't, Mythos was obviously a very hyped model coming out of Anthropic. Whether you think it was go-to-market or political theater or regulatory incumbency or partisan strategy, or if you think Dario is just actually very concerned about the capabilities from a cybersecurity standpoint, they indicated they were going to roll out Mythos, worked with a couple of partners to patch any holes that there might be in existing systems, and then they launched it as Fable. Although there are some pretty significant guardrails on Fable. A team of supposedly Amazon researchers were able to jailbreak it pretty quickly. I guess the US government hoped that they would patch whatever the fixes were, for whatever reason they did in that Anthropic, and then they announced this export control. So here are the areas where centralization around AI, I think, are maybe showing some limitations in creating opportunities. So I'm in Canada at the moment. I can't use Fable. Like I literally can't use Fable, which is pretty nuts.