Threadcast link:
@taskmaster4450/re-leothreads-2fm73j2xj
Link to recording:
https://x.com/i/spaces/1RDGlykYROdJL
Speakers
DISCLAIMER: The following has been generated by AI (Claude-3) based on the publicly available recording of the livestream. Because the content is AI generated it may contain errors, so please keep that in mind when reading. Feel free to suggest corrections and/or add additional information/improvements in the comments. Read more: Introduction post for the AI Summaries project
Diving Deep into Data and Tokens on LEO
In this episode of the Lion's Den, the host delved into a comprehensive discussion about the importance of data and tokens on the Leo platform. He began by addressing a key difference in vision between himself and Khal regarding the use of Leo tokens for payments.
The Issue with Using Leo for Payments
The host explained that the term "cryptocurrency" is misleading, as these are actually digital assets, not true currencies. He argued that for a medium of exchange to be valid, it requires price stability, which most cryptocurrencies lack. The volatile nature of Leo's price, with 30-40% fluctuations, makes it unsuitable as a payment method.
The host strongly opposed the idea of the Leo team encouraging users to spend their Leo tokens, as this would degrade the token's perceived value. He believes that if the team truly believes Leo will be more valuable in the future, they should not be promoting its use for payments, as that sends the wrong psychological message to users.
Khal's Vision vs. the Task's Vision
The host then addressed the perceived difference in vision between himself and Khal. He explained that the core issue is that Khal is focused solely on data, while the host sees the broader picture of how social media features feed into the data ecosystem.
Using an analogy of a housing development and roads, the host illustrated that they are not on separate pages, but rather discussing different aspects of the same system. Social media features are a path to generating more data, which can then be fed into the AI models to create valuable services and information.
The Importance of Tokens and Data
The host then delved deeper into the role of tokens and data on the Leo platform. He explained that the more tokens (i.e., data) that are generated and fed into the system, the more valuable the Leo ecosystem becomes. This is because the data can be used to train the LeoAI model, which can then provide advanced services and features to users.
The host highlighted the importance of creating "evergreen" content, such as analysis and educational pieces, rather than focusing solely on disposable news and updates. He encouraged users to utilize tools like the OpenAi tokenizer to understand the value of the content they are creating and ensure they are contributing meaningful data to the platform.
The Future of AI and Blockchain
Looking ahead, the host painted a vision of the future where AI agents, powered by large language models, will become ubiquitous and interconnected. These agents will need to interact with each other using a common financial language, which the host believes will be cryptocurrency.
He suggested that Leo could potentially integrate this concept by offering different tiers of service, where users would need to hold a certain amount of Leo tokens to access advanced features and tools. This would not only drive demand for the Leo token but also incentivize users to become more active and engaged content creators on the platform.
Overall, this episode of the Lion's Den provided a deep dive into the importance of data, tokens, and the evolving landscape of AI and blockchain technology, and how these elements are shaping the future of the Leo platform.
