Benzinga - by Ivan Crnogatić, Benzinga Editor.
Eric Wall, co-founder of Taproot Wizards, a Bitcoin-based NFT project, blasted Bittensor (CRYPTO: TAO) in an extensive social media post, labeling the popular artificial intelligence-related cryptocurrency as useless.
What Happened: Wall took to X (formerly Twitter) to outline his thesis, calling the cryptocurrency a “pointless exercise in decentralization” and saying TAO is “pretty much what a highschooler would think of if he was tasked with creating an AI coin.”
The uselessness of $TAO is truly spectacular$10 billion marketcap for an "AI coin"
Go check it out—what does it actually do?
It runs a bunch of different subnets. Okay? What are these subnets? Check out subnet #1.
Okay, so text prompting. Cool. That's easy enough to… pic.twitter.com/MRUly6yjEl
— Eric Wall | OP_