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
After that first Bitcoin pizza OTC trade created the first market for cryptocurrency, it didn’t take long before the crypto markets were largely driven by speculation, hand in hand with things like dark web use and money laundering.
Enter FanMix + TAO + The AltMarket
Now we’ll get to see what a new and better crypto model looks like: music fans pledge money, buy albums, and buy merchandise on FanMix and TAO is purchased automatically off the USD market.
Automated buy support of Tao, a fully regulatory compliant cryptocurrency eliminates the need for speculation to drive price. Yet it eliminates the link with criminal activity that creates a risk for individual as well as institutional investors, which means traders can trade it with less risk than most of the popular cryptos of the past.
So this elegantly transforms cryptocurrency into a sustainable growth model instead of unstable bubbles, while surpassing one of the chief hurdles to the mass adoption of any new technology: making it so the general public doesn’t have to understand it to use it.
Once this all is in motion towards the end of the year when the first band is unveiled, just watch and see where we’ll be in six months, let alone the end of 2020