Thread by @DreadBong0

🧵 $TAO Thread Part 2

Another thread of my thoughts over the past month for newcomers delving into $TAO & wanting to learn more

@bittensor_ is a complex project to understand on the surface..

Hopefully these threads help break them down so they are easier to understand 👍

I made a first part to this thread that I encourage you to check out

It will give you a greater insight into $TAO and what they are striving to build

$TAO Thread Part 1 👉

Bittensor in a nutshell ✅



In 4 minutes, you should understand the scope and vision of $TAO

$TAO officially joined the @Polkadot Ecosystem 🔥

Comes after @bittensor_ won the #Parachain Auction in January

This will have far-reaching implications for $TAO and the Bittensor network.. truly on the cusp of a new era 🌐

February will see the launch of #Finney

@bittensor_ subnets on $DOT will open the door of creativity & allow for all kinds of products, we're yet to conceive of

Imagine a Stablediffusion competitor.. ChatGPT competitor.. GPT-4 competitor

All built atop the same network

$TAO

One of the things I love most about $TAO.. is the community 🔥

A passionate, smart ever-growing group of people who together are pushing @bittensor_ in the right direction

Helping to build the tools needed & take those small steps to mass adoption..

Just like #bitcoin did 🧱

All these questions can be answered by going to taostats.io ✅

- What's market cap & price of $TAO?

- What's $TAO circ supply?

- How much $TAO is staked?

- What APR % do $TAO validators receive?

- How many $TAO miners?

- What is $TAO supply & halvening schedule?

Price here does not matter.. Focus on what is being built

The infrastructure Machine Learning and Artificial Intelligence will interact, learn, collaborate and flourish is being created before our very eyes

Incentivization to advance machine intelligence

Powered by $TAO

Introducing... The $TAO Non-Custodial Wallet ✅

Launched in January on the main website 👉 bittensor.com

Clean and Simple 🔥

A Foundry of knowledge and thought

Decentralized AI that can never be bought

Incentive to reach new heights

A journey that will bring us to light

$TAO

2023 will be the year where $TAO will introduce smart contracts 🔥

This will become possible as part of Finney

Opening the gates for utilization from the masses

Unlike centralized company Open AI..

@bittensor_ is true Open AI ✅

Decentralized.. for everyone to utilize and build upon

$TAO

We saw the creation of both the $TAO bridge & $wTAO by the Bittensor community

taobridge.xyz

Making it possible to bridge assets over to the $ETH network and trade via Uniswap

Opening the door for those who felt uncomfortable buying OTC or on the Bittensor Exchange

The ability to share knowledge through $TAO p2p neural network addresses the issue of having to re-train models from scratch

Saving engineers/companies time & money by allowing them to tap into previous ML knowledge

True revolutionary breakthrough for AI & machine intelligence

AI & Machine Learning will be central to every single aspect of our daily lives

$TAO

Incentivizing the advancement of Machine Intelligence will open up a Pandoras box of innovation

Few understand this..

$TAO

By incentivizing the network..

$TAO have solved the issue of flailing #ML developer numbers by offering an avenue for smaller engineers to produce & compete in an ever-increasing centralized #AI industry

The chance to plug in & utilize global compute for Machine Learning 🌐

What I would like to see from $TAO in Q1/Q2 🔥

◼️ Successful launch of Finney on $DOT

◼️ Top quality showcase of products built on @bittensor_

◼️ Tier 1 or 2 Centralized exchange for $TAO

◼️ $TAO available through DEX options

◼️ Delegated staking through $TAO Validators

Highly recommend reading this fantastic $TAO thread by @Timo4IR

He is the real @bittensor_ OG.. I am merely a poser



🔥👇

There is so much promise with $TAO, more so than any other project I've seen

But.. the proof will be in the pudding

Yes, I believe they will go on the create a successful & powerful decentralized neural network

But nothing is a given.. it will take incredible effort & patience

I am not one of these people who thinks $TAO will be "Up Only!"

$TAO will have cycles.. much like $BTC does

There will high peaks, followed by deep retracements.. & that is not only natural, but healthy

All I know is.. $TAO will become more scarce & valuable over time

💎

Stability AI valuation = $1b
ChatGPT valuation = $29b

$TAO valuation = $0.40b

Once people realize we will most likely see improved versions of both generative image and chat products built atop @bittensor_ network

Shits going to get real.. real fast

I do not view @bittensor_ as a cryptocurrency project

I see $TAO as AI and Machine Learning infrastructure, utilising #crypto for incentivization

Like #Bitcoin, its value will be tied to the size and power of the network.. which in terms of compute, will become unrivaled

$TAO Validator Wars have begun

There will be a certain amount of Validators & it will be based on $TAO held

Currently.. this is around 6,000 $TAO

If you drop below.. you will be de-registered ❌

This sets in motion a mass accumulation to buy $TAO & secure a Validator slot

$TAO Chat Bot is coming 🔥

Hearing amazing things from those who've had their hands on it..

A unique AI Chat assistant utilizing the @bittensor_ neural network

ChatTensor will be the first product to showcase what is possible with @bittensor_

Hearing rumors the chat bot will have an open API.. Which means anyone would be able to integrate it into their business

$TAO

The upcoming Chat Bot is a pivotal moment in $TAO history..

Being the first product released to the public

But.. although likely impressive, I personally do not expect it to be anywhere near the same level of quality as ChatGPT at this moment in time

It will take time..

Be sure to check out this post for more $TAO info..

1. $TAO Thread Part 1
2. @bittensor_ Explained
3. How to buy $TAO

$TAO recently reached $100 🔥

A great milestone for the project and one I will hopefully look back with fond memories

I do believe as difficult as it is to own a single #Bitcoin..

In the future.. It will be just as tough and crucial to own one $TAO

This will be when we enter the end-game..

$TAO 🔌

I can explain it to you.. but I can't understand it for you

You'll have to take that road alone..

$TAO