Live From Proof of Talk in Paris - Day 2
Speakers
Jacob Steves
— Co-Founder, Bit Tensor
Johan Kerrat
— Head of Engineering for Crypto, Robinhood
Wesley Rios
— Partnerships Lead, LATAM, Morph
Summary
The video is a live stream from Proof of Talk in Paris, featuring interviews with Robinhood's Johan Kerrat on their L2 and tokenized stocks, Morph's Wesley Rios on stablecoin payments, and Bit Tensor's Jacob Steves on decentralized AI. The main market implication is a bullish stance on TAO as a proxy for decentralized AI compute demand.
- Robinhood's Johan Kerrat discusses the progress of their L2 testnet and tokenized stock offering.
- Morph's Wesley Rios highlights stablecoin payments as a solution for cross-border B2B and remittance friction.
- Bit Tensor's Jacob Steves articulates the value of the TAO token tied to demand for decentralized AI commodities.
- Jacob Steves argues Bit Tensor can match centralized AI labs on efficiency while being cheaper.
- The TAO token provides a yield to holders from network commodity demand.
- The video concludes with a brief mention of BTC Prague as the next event.
Trade Ideas
TAO value driven by AI commodity demand
The TAO token derives its value from the demand for decentralized AI commodities—compute, storage, and machine learning models—that are traded within the Bit Tensor network. As these commodities become more valuable and the network grows exponentially, the token's value increases, and token holders also receive a yield from the demand. Bit Tensor can compete with centralized AI labs on efficiency and cost, making the network's value proposition strong.
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This The Block video, published June 03, 2026, features Jacob Steves discussing TAO. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Jacob Steves · Tickers: TAO