finbold.com
The well-known crypto influencer, Eric Wall, has raised thoughtful criticisms over the new hyped artificial intelligence (AI) cryptocurrency, Bittensor (TAO). Its community, however, surged in disapproval.
On March 29, Eric Wall made a long post on X (formerly Twitter) explaining how Bittensor’s AI system works. The influencer mentioned TAO’s “spectacular uselessness” through the different subnets and their mining mechanisms that reward miners with the token.
Using the ‘Subnet 1’ for text prompts as an example, Wall highlights a “redundant” work. In his explanation, all miners will run the “exact same task,” and will validate each other outputs according to their similarities.
Therefore, the network excludes all outliers from the reward, while paying everyone with a similar answer. This, in Eric’s opinion, creates incentives to miners simply copying the first broadcasted output, to increase the mining profitability.
As the polemic develops, investors of this trending crypto AI can access a different perspective and make their conclusions.
All in all, learning how to filter the information available is fundamental to thriving in the cryptocurrency landscape. Investors must be able to meet different perspectives and challenge their biases while researching trending projects like TAO.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.