Tao, the native token blockchain bittensor centered on AI, has caused tension in X among the founder of the Barry Silbert digital currency group and the followers of Bitcoin (BTC), the original and larger cryptocurrency.
The author and supporter of Bitcoin, Parker Lewis, called Silbert and Raoul Pal, the presenter of The Journey Man’s podcast, a group of “affinity scammers” to promote Tao in a recent episode.
Silbert replied writing: “Calling $ a scam is such a lazy attack.
Grayscale Investments, one of the Digital Currency Group subsidiaries, executes a bittensor trust that currently has about $ 8 million in assets under administration. It also has a Spot Bitcoin Traded fund (GBTC) with $ 16.6 billion under administration, as well as an ETF of Bitcoin Mini Trust.
What is Tao?
Silbert caused the anger of the bitcoiners comparing Bittensor with the Bitcoin block chain.
“It’s like Bitcoin, there was a white paper that became a code and then launched and has the same symbolic economy,” he said in the podcast.
While there are some The similarities with BTC in which the supply of Tao is limited to 21 million tokens and goes through block rewarding events, there are also marked differences in terms of the spirit and the case of use of the project.
Bittensor is a decentralized network that fuses blockchain technology with automatic learning. It was designed to become a market of equal to equal, where users can share and monetize AI models.
Bitcoin was left from the libertarian era of Cypherpunk and designed mainly as a method of payment of equal as it avoided the currency issued by the Government. In recent years, a value reserve has also emerged, becoming a pillar in the company’s balances to mitigate the growing inflation.
Token Tao was released two years ago and has experienced extreme volatility, increasing more than $ 700 twice in 2024 before crater to around $ 200 on both times. Around $ 339 was recently quoted.
Bitcoin, meanwhile, has increased from $ 22,000 from the beginning of 2023 to $ 109,000 in January. While it has had their ups and downs, they are not as marked as the tires that are typically seen throughout the Altcoins market. Bitcoin currently has a price of around $ 90,000 with a market capitalization of approximately $ 1.8 billion. Tao has a market capitalization of around $ 2.98 billion, according to data on Coinmarketcap.
