Is Tao Blockchain the most advanced cryptocurrency out there? When Bryce Weiner coded it back in 2016 he looked around at the available code he could draw on from the full Bitcoin diaspora of alts.
He picked and chose the best features available and even added one or two of his own design. He made Tao the “Swiss army knife” of crypto – utility and flexibility for many potential use cases.
Earlier this year, Michael Finny – @MDF_365 on Twitter – interviewed Bryce Weiner on a range of topics. I’ve edited the interview down to concise segments to make it easier to digest.
In this one, Bryce explains how other music crypto and blockchain projects trying to either disrupt or work with the music industry are just doing it wrong, and why how the common approach simply can’t work.
References the Bitcoin Cash BCH fork & more
In this segment, Bryce Weiner talks about the similarities between the music industry and crypto. He draws parallels between hit records and popular cryptos and between music artists and crypto developers.
The brand of a cryptocurrency forms a lot of its intrinsic value, so when an artist brings their brand to a coin, they infuse it with the value of their personal brand.
Dogecoin has consistent demand and value because of the doge meme.
Not that long after Doge hashed its genesis block, another meme coin launched: Coinye West
Coinye coin was not authorized by Kanye, so he threatened to take them to court. This essentially set a precedent which helped lead to the artist token offerings like ODBcoin.
In this interview segment, Bryce Weiner explains how FanMix + AltMarket allows artists to pre-sell albums to raise money. FanMix is designed to help artists vault over the money barrier that keeps them from succeeding.
And it does it without taking any song rights from the artist in the process.
Fans pay with dollars (other traditional currencies coming), artists earn dollars. The referral system pays out in Tao. If the artist raises more than $10K then they’re issued their own cryptocurrency which only can be bought or sold for Tao.
But none of this requires the fans to be familiar with crypto since to them it just works as artist rewards points. Crypto mass adoption requires this just like any other technology – no need for the average person to understand how the tech works. It just does.
Here’s an article Bryce posted recently which goes into more detail about how artists (and fans) can create passive income using FanMix and the referral system
In this interview segment, Bryce Weiner talks more about Tao, AltMarket, and FanMix and the crypto referral system. He also discusses how officially licensed Wu-Tang crypto ODBcoin was the pilot program which launched Young Dirty onto the national stage.
FanMix artists will be able to pre-sell their albums and sell other merchandise on FanMix, while their fans can make money by referring people to the site.
Continuing the excerpts from the Michael Finney talk w Bryce Weiner, Bryce shares how he was the first cryptocurrency developer to meet with members of Congress incl Rep. Ted Budd & Rep. Michael McCaul, who helped him secure an invitation to speak with the SEC
TAO & AltMarket – the most legit thing in crypto 🔥