DREAD BONGO Profile picture
Jan 2, 2023 23 tweets 12 min read Read on X
🧵 $TAO Thread

Hopefully it gives newcomers to the project an idea of what @bittensor_ is and what they are trying to achieve

I will continue to add to it as time passes.. Its a re-hash of my thoughts over the past 6 months

$TAO = The creation of the Neural Internet 🌐
Imagine Machine Learning problems were not solved by huge centralised supercomputers owned by a few mega-corporations..

Instead.. Leveraging every available computer around the world in a truly decentralised manner to train ML/AI models & allow them to connect & interact

$TAO
#Bitcoin is rewarded via every block.. But there's a lot of wasted energy through those who offer compute power & fail

$TAO takes those extra compute resources & uses it to develop/train Machine Learning & AI models via the Bittensor network

Meaning very little energy is wasted
$TAO been developing a decentralized neural net for 7+ years

Network will grow exponentially over time as intelligence compounds

More it grows.. less newcomers will be able to compete

Centralized companies ability to pivot shrinks by the day

First to the market is everything
Machine learning as a commodity through the worlds first neural internet

This is a goal of @bittensor_

$TAO
Full dilution on $TAO will take over 100 years, just like $BTC schedule.. because its the same schedule

Imagine not buying $BTC back at 3m mined bcos "muh inflation"

There was no public/private or any sale on $TAO.. even the founders had to mine their own tokens
When you understand the potential Total Addressable Market for Machine Learning & AI..

Plus, the sheer amount of verticals it will touch..

$TAO has the ability to go where few #crypto projects will ever go
Why I am invested in $TAO 👍

Decentralised Artificial Intelligence and Machine Learning will eat the world..
In January 2023.. $TAO will launch their Parachain network, called Finney

A nod to Hal Finney, who shared the very first #bitcoin transaction with Satoshi Nakamoto on roughly the same date

@bittensor_ showing respect to a legend 🔥
"We're doing something similar (to #bitcoin) at @bittensor_ where there is consensus around who is creating value & we can distribute tokens to those computers"

"Thus, creating a competitive & incentivized mechanism for the creation of machine intelligence"

$TAO
Bittensor took part in #NeurIPS2022 🔥

"One of the most prestigious and competitive international conferences in machine learning and computational neuroscience"

$TAO #AI #ML
A great introduction to @bittensor_

A presentation given at @Microsoft Reactor London 2022 by the $TAO team on what they are trying to build and the problems they solve

Video 👉

30 mins long and easy to digest.. A good place to start for newbies 👍
$TAO Validator Sequence Length Increase Complete 🔥

✅ Standard query size = 256 tokens

"Today we've made the final increase (for this round) of validator Sequence Length to 256 tokens"

"The future benefits of this exercise should become clear in due course"
TGIF Weekly updates from the @bittensor_ team

youtube.com/playlist?list=…

Also regular $TAO community Twitter Spaces

$TAO will not see partnerships.. much like #bitcoin doesn't partner with companies

As Bittensor slowly grows to become the largest & most powerful decentralized neural networks in existence..

Corporations will plug in & utilize the network to train & produce their ML/AI models
I'm betting big on $TAO.. Real big

The evolution of AI is growing exponentially

Machine Learning is already at the centre of our daily lives, without even knowing it

The arms race to build the largest neural network in existence has begun

$TAO is best equipped to win the race
I get incredibly bullish on $TAO when I see AI companies like Jasper and Stability AI hit valuations of $1b+

These guys are valued highly due to certain impressive programs..

In creating the most powerful Neural Net in existence.. $TAO will improve on all these programs
✅ "Basis of the network is the consensus algorithm that runs on chain, which is a mechanism for the computers that make up the nodes on
@bittensor_
to agree upon who in the network is producing value & who is not"

✅ "That consensus mechanism is the core of the network"

$TAO
By running a @bittensor_ Validator.. you are helping to validate machine intelligence

Intelligence that is incentivized to learn by the $TAO token

This only results in broader intelligence and a better society
The first ever @bittensor_ halving will take place around November 2025

This will see the block reward change from:

1 $TAO per block > 0.50 $TAO per block

There is one block created every 12 seconds
I made a video on..

✅ How to Buy $TAO on the Bittensor Exchange
✅ How to create a $TAO Wallet



In 6 mins.. you'll know how to buy $TAO, create a wallet & house the $TAO you bought

I made it as easy as poss.. so even your dumb ass can understand 👍
YUMA RAO

$TAO

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More from @DreadBong0

Jun 4, 2023
$TAO Thread Part 3

Another thread to help newcomers understand the project

Here is everything that's been happening over the past few months to help give a full picture

If these are useful, then let me know 👍
Here is a link to $TAO Thread Part 1..

And here is a link to $TAO Thread Part 2..



Give them a read to get fully up to date 👍
Read 68 tweets
Mar 21, 2023
How to Stake $TAO ✅

Tutorial 👉

A quick video showing you how to delegate your $TAO on the Bittensor Network & begin staking

This has been a question I've received A LOT.. so here you go 👍 Image
Step 1:

— Go to polkadot.js.org/apps/?rpc=wss:…

$TAO
Step 2:

— for "using the selected account", select your source wallet

— for "submit the following extrinsic"

—— select "subtensorModule" in the left column

—— select "addStake(hotkey, amountStaked)" in the right column

$TAO
Read 8 tweets
Feb 9, 2023
🧵 $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
Read 32 tweets
Feb 6, 2023
🧵

I first shared publicly..

$AZERO at 10c.. it went to $3.10
$QNT at $1.. it went to $420
$ZCX at 3c.. it went to $7.30
$UOS at 5c.. it went to $2.60
$ALBT at 6c.. it went to $1.33
$TAO under $10.. its at $70

I try to share this stuff as early as possible..

1/
It doesn't always work out & some projects don't fulfill their potential

Also.. bear markets happen

Def got some projects dead wrong & been burnt a few times

Being early is a risky game within itself.. you're largely taking a punt on an idea

But thats the name of the game

2/
Some projects it doesn't matter how early you are.. if they fail, they fail

That's why a form of profit taking is always best practice.. for protection against these risk

It's not good being early.. watching it hit highs.. then witnessing it crash

Whilst taking no action

3/
Read 20 tweets
Jan 1, 2023
🧵 Thread

People like to bring up my bad decisions/investments as proof I am not very good at this or an idiot

Maybe they lost money on a project I spoke about.. maybe they just don't like me

And there is no denying I've made a lot of mistakes on this journey

1/
I am the first to admit that I am not an expert when it comes to investing..

In fact, I am a straight up rookie

I have spent 5 years in this game..
- 2 of them clueless
- 2 of them getting lucky and guessing
- 1 of them competent and improved

2/
I think having an account with a decent following gives the perception the person knows what they are talking about

I think it can also impact the person behind the account in thinking they actually do know what they're talking about

When in fact.. they most likely don't

3/
Read 25 tweets
Dec 31, 2022
🧵 Thread

I made a plan during the last bull cycle to do everything possible to survive the next bear market

In 2020.. I had left my job and went full-time crypto

But the market was great and everything was seeing green.. times were good and life was easy

1/
But I knew this was simply a phase..

I'd been through the 2018 bear market and knew how difficult it was

I made every wrong decision in the book and paid the price for it

Bear markets are no joke and it you don't know what you're are doing, you will be quickly humbled

2/
Leaving my job meant I could spend more time with my family.. which I deeply needed

It also meant I could spend more time investing & hopefully make better investments decisions

Which turned out to be correct

I spent more time in #crypto.. for better and for worse

3/
Read 13 tweets

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