1) In today's market it's increasingly difficult to select high quality cryptocurrencies.
Most fade away and as such we need to search for the best fundamentals.
A thread on $TAO and why you should take a look at this cryptocurrency.
Read on 🧵👇
@bittensor_ #Bittensor #Tao
Most fade away and as such we need to search for the best fundamentals.
A thread on $TAO and why you should take a look at this cryptocurrency.
Read on 🧵👇
@bittensor_ #Bittensor #Tao
2) The centralized AI industry is highly ineffective.
Google alone spends 75% of their electrical cost only for machine learning today.
The usage of an advanced machine learning model costs more than 10 Million dollars per hour.
Google alone spends 75% of their electrical cost only for machine learning today.
The usage of an advanced machine learning model costs more than 10 Million dollars per hour.
3) AI research in general hasn't progressed like we thought it would.
New models basically always need to relearn what previous models already learned.
These are problems we would like to see solved.
New models basically always need to relearn what previous models already learned.
These are problems we would like to see solved.
4) ENTER BITTENSOR
Bittensor calls itself a Peer-to-Peer Intelligence Market.
An open-source protocol powering a scalable, globally-distributed, decentralised neural network.
Bittensor calls itself a Peer-to-Peer Intelligence Market.
An open-source protocol powering a scalable, globally-distributed, decentralised neural network.
5) Their purpose is to accelerate the development of AI by creating an environment optimally condusive to its evolution.
The global aim to disrupt the current status quo: a system that is centrally controlled, inefficient and unsustainable.
The global aim to disrupt the current status quo: a system that is centrally controlled, inefficient and unsustainable.
6) Their "BitTensor API" allows standalone engineers to monetize their work, gain access to sophisticated machine intelligence models and join a community of innovative, forward-thinking minds.
7) The nodes in Bittensor are miners in that they are mining machine knowledge from datasets.
The miners learn from that dataset by learning in conjunction with the other miners.
The miners learn from that dataset by learning in conjunction with the other miners.
8) The chain facilitates a peer ranking system where the nodes agree on who is generating useful information in the system.
The miners submit weights to the chain which produce an overall ranking for each miner.
The chain then uses that ranking to distribute tokens.
The miners submit weights to the chain which produce an overall ranking for each miner.
The chain then uses that ranking to distribute tokens.
9) TEAM
Jacob Steeves has worked on enterprise machine learning at Google and Ala Shaabana at IBM.
There is a team of currently around 10 AI developers to build Bittensor, but are already planning to expand the team this year.
Jacob Steeves has worked on enterprise machine learning at Google and Ala Shaabana at IBM.
There is a team of currently around 10 AI developers to build Bittensor, but are already planning to expand the team this year.
10) TOKEN UTILITY
The value of TAO is connected to the value of the intelligence that it is produced by the network.
Holders of TAO get to decide on what the network will be trained on (governance).
The miners and validators of the network are incentivized with TAO.
The value of TAO is connected to the value of the intelligence that it is produced by the network.
Holders of TAO get to decide on what the network will be trained on (governance).
The miners and validators of the network are incentivized with TAO.
11) TOKENOMICS
The Tokenomics are inspired by Bitcoin.
The max supply of TAO is 21 Million tokens and every four years there is a halving event (the first one in 2025).
The current issued supply is around 2,7 Million TAO.
The Tokenomics are inspired by Bitcoin.
The max supply of TAO is 21 Million tokens and every four years there is a halving event (the first one in 2025).
The current issued supply is around 2,7 Million TAO.
12) At the moment there aren't many ways to buy or sell $TAO BUT by the end of the year Bittensor will be integrated into the polkadot ecosystem.
TAO will then be listed on more decentralized exchanges.
For now its available on: bittensor.exchange
TAO will then be listed on more decentralized exchanges.
For now its available on: bittensor.exchange
13) CONCLUSION
Bittensor is in a very very EARLY stage.
They just entered this market and still have a lot to prove.
Being early has both advantages and disadvantages ofcourse.
It's more risky to be an early investor (unproven) but the opportunity is larger.
Bittensor is in a very very EARLY stage.
They just entered this market and still have a lot to prove.
Being early has both advantages and disadvantages ofcourse.
It's more risky to be an early investor (unproven) but the opportunity is larger.
14) Early stage projects also don't have the valuation of the "market leaders" yet.
AI on the blockchain is a very interesting concept. Utilized perfectly there could be a giant opportunity here.
AI on the blockchain is a very interesting concept. Utilized perfectly there could be a giant opportunity here.
15) Something I would like to see (genuine tip out of interest) is more communication in "layman's terms".
$TAO is a very technical project and 99% (including me) of us are not tech savy investors.
I'm sure this is due to the nature of the project (AI on the blockchain).
$TAO is a very technical project and 99% (including me) of us are not tech savy investors.
I'm sure this is due to the nature of the project (AI on the blockchain).
16) The entry level for a basic overview is quite high (which I feel is reflected in my thread).
In the meantime I'm sure the discord is full of community people willing to help out.
Nova out ❤️
In the meantime I'm sure the discord is full of community people willing to help out.
Nova out ❤️
17) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.
I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.
Your favorite writer Nova ✍️
I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.
Your favorite writer Nova ✍️
18) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.
Everyone deserves free knowledge 📘
Love you all ❤️
First post 👇
Everyone deserves free knowledge 📘
Love you all ❤️
First post 👇
https://twitter.com/CryptoGirlNova/status/1590490741595602944?t=P_EyypX3qhx0z1pPTAs7Zg&s=19
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