Supply is solved by incentives; demand-side onboarding is the real bottleneck
More than Decentralised Compute | Converge @ EthCC 2024 (Caladan)
“It was supply before, but supply is actually getting better… supply is getting better for training — H100s — but not so for inference, like A100s or 4090s; it’s getting tighter… but incentivization can go far — if you give money to people, they will supply. That’s not a big of a problem. But it’s really on the demand side… delivering demand in a non-custodial permissionless manner is very challenging… the majority of the machine learning researchers have no idea what crypto is and don’t really care about crypto — they don’t even own Bitcoin.” — 00:14:25
Context: Asked which marketplace side is harder to grow over the next 1–2 years. He admits onboarding takes him personally 30 minutes per user and notes widespread GPU-host fraud (providers advertising H100s/A100s that don’t exist).