DREAD BONGO Profile picture
Feb 9, 2023 32 tweets 16 min read Read on X
🧵 $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

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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 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 2, 2023
🧵 $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
Read 23 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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