Q1: What is the rationale of having 10 different TAC tokens rather than one single TAC coin?
This is something we thought about for a long time, whether to have one single TAC coin or a series of tokens, or both. Having 10 different tokens doesn’t make a lot of sense to most people however it was the only way we could achieve our entire end goal of creating an industry base currency. Although we are currently only launching the 10 tokens and our MVP, our long term goals involve the creation of an entire blockchain and the TAC coin will be the underlying currency of that blockchain. Continue reading Interview with Bruce Bates: TACToken, The Decentralization of Advertising
Tech billionaire Mark Cuban, owner of the Dallas Mavericks, hates both gold and bitcoin, saying they’re not viable alternatives to currency. “I hate gold. Gold is a religion,” Cuban told Kitco (video below). “I do not see gold as an alternative to currency. Not at all. Let’s put it this way: I don’t see people in Puerto Rico carrying around big bags of gold to try to save things.” Continue reading Billionaire Mark Cuban Hates Bitcoin and Gold Equally
Tradewind, a spinoff from stock trading firm IEX, has launched a blockchain-powered gold trading platform. The firm, whose principals were the subject of the best-selling book “Flash Boys,” kicked off its VaultChain platform last week. As previously reported, the company is working with major companies like the Royal Canadian Mint and gold giant Sprott Inc. The effort is the latest to bridge the technological underpinnings of cryptocurrencies in a gold-trading environment. Continue reading Tradewind Launches Blockchain Platform
At the sidelines of a conference on the future of payments and currencies, Wozniak, a mathematician by training, explained why he thought Bitcoin was better than the US Dollar and Gold. Quipping that unlike Gold or the US Dollar, Bitcoin has a predictable finite supply and is tamper proof, Wozniak claimed Gold’s value will be diluted once more efficient methods of mining are invented. He also remarked that the US Dollar is ‘kind of phony’ due to the centralised control over creation and use, lending itself to abuse.
Adding that he admired Bitcoin from the very start, Wozniak said he wasn’t interested in the financial part of it but rather believed in the promise Bitcoin held as a currency. The tech geek also shared how he found it hard to buy Bitcoins in the early days after its launch. Comparing Bitcoin to a house, Wozniak said that no matter how much the price went up or the government taxed it, the house would still exist as a real stable asset, undiluted and worth what it’s made of. In the same way, he said, Bitcoin is limited in amount and nobody could ever dilute the supply, making it valuable as a stable asset.