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

Dec 17
🧵 I wanted to compile a megathread of my $RBNT posts over the past year into one place

My aim has been to educate others on the true scale of @RedbellyNetwork and how they will have a significant impact on both #RWA and #crypto

So, here you go.. hope you enjoy 🍻

👇Image
I mentioned back in March 2024 that I had invested in $RBNT via an early round

Many years ago, $QNT CEO Gilbert Verdian spoke about a project from Australia developing some pretty incredible technology and praised it highly..

That project was @RedbellyNetwork 🔥

Since that moment.. I always said to myself I would look to invest in $RBNT, if given the chance

I spent years seeking out this opportunity and was finally able to make it happen by participating in an early investment round

⚫️ "Red Belly is building a Layer 1 EVM compatible chain for Real World Assets"

⚫️ "The World's Only Public Purpose-Built Real-World Asset Tokenisation Platform"

x.com/DreadBong0/sta…
A little bit of history about how #Redbelly came to be..

🔴 Was first developed in 2015 in collaboration with The University of Sydney to discover vulnerabilities in $ETH

Its here they designed their Democratic Byzantine Fault Tolerant consensus that solves those #Ethereum vulnerabilities

🔴 Backed by @CSIRO, Australia's national science agency who are known for groundbreaking innovations like Wi-Fi

#CSIRO's digital innovation arm Data61 partnered with the University of Sydney to create the #Redbelly blockchain

Together they played a critical role in creating the worlds first Formal Verification BFT protocol

Their aim was to create a blockchain that could meet the uncompromising demands of institutions and Governments

With the ability to handle 20,000 tps and ensure formal verification.. #Redbelly created a protocol that is extremely fast, reliable and secure

🔴 @RedbellyNetwork was granted $1.3m in research funds by the Australian Research Council

The Australian Government also included $RBNT in their blockchain roadmap

The blockchain was used in various pilots ranging from areas around RBMS with financial institutions to national CBDC experiments

Since then the project has secured over 25 partnerships with government bodies, enterprises and academic institutions

🔴 That all leads us to today..

Where the #Redbelly protocol is live on mainnet and the $RBNT is set to go live in the next few days

This isn't some small, rinky dink team spinning up experiments in a basement..

This is a groundbreaking blockchain developed and backed by innovative world class research and institutional grade credibility

x.com/DreadBong0/sta…Image
Read 34 tweets
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

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