Post
Topic
Board Announcements (Altcoins)
Re: [ANN][TAO/XTO] Tao - Real Solutions for the Music Industry!
by
throwawaytao
on 07/03/2019, 10:20:19 UTC
Quote
I think that's a somewhat apples to oranges comparison because they work a bit differently,

Differently how? Specifically, what additional benefits does the artist get that would motivate them to give up a siginificant portion of money to Bryce et. al.? Cause as far as I can tell, they get neverending additional obligations ("proof of fan") to anyone who has ever held a certain amount of their cryptocurrency, for no actual gain apart from the money from the initial sale (which, as mentioned, they can do cheaper and easier as a kickstarter or similar).

In other news, I see some fancy graphic that is posted in Slack and Discord, and, again it's just full of inaccurate or misleading statements.

The launch was not "capped at $100 000".

AltMarket, Inc was not founded in 2017, but 2014

And only by a very generous reading could you claim that Tao has a "market price" of 5099 sat (or, for that matter, that it started trading at 151 sat). A more realistic reading gives you around 1000 sat on release, and around 3-4000 currently.

Seriously.

And then there's the other stuff...