How $TAO is the Next Evolution of Money: From Proof of Violence to Proof of Useful Work

SUMMARY: Travis argued that Bittensor’s $TAO represents the third major evolution in money, running from fiat currencies backed by government force, to Bitcoin backed by scarce but purposeless computational work, to $TAO backed by work the market has actively determined to be valuable. 

While Bitcoin solved the inflation problem by making money difficult to produce, Bittensor closed the remaining gap through Dynamic $TAO, rewarding an expanding range of genuinely useful economic activities directly, with no middlemen shaving value along the way. 

With the same 21 million supply cap and four-year halving cycle as Bitcoin, but adding proof of useful work on top, Travis framed $TAO as the closest representation of real economic value any monetary system has ever produced, and the most compelling reason to be excited about where Bittensor is heading.

By TAO Templar