The Tao of Cryptocurrency
When I founded Tao, it was with the intent to create a cryptocurrency which embodied what I felt was the best this industry had to offer. Since that time in 2016, Tao has exceeded my expectations. A true community is forming around this cryptocurrency, and I wanted to take a moment to reveal some of the backstory behind this cryptocurrency and it's development.
Right around 2015 it became clear the trend in crypto was going ICO. It meant that perceptions around what cryptocurrency is and could be would be changed from what the "early adopters" had always known. So, to prepare for this, I closed my coffee house (I ran a small brick-and-mortar) and sold my house, my cars, everything. I did a little consulting but converted everything in to crypto and paying off debts. I was, quite literally, starting from zero.
All I had left at one point was whatever I could fit into my Pontiac Grand Am and my dog. That was about April of 2016.
I always said I could create money from thin air as a joke but I actually set about proving it in order to launch the cryptocurrency that would be my last, Tao. I created Tao, the entire project, living out of my car w/ my dog on a MacBook Air using free wifi from WalMart. That credibility alone is what opened up the doors to all that we have accomplished in the last two years. It is built upon solid, proven execution of the principals of cryptocurrency. Tao was recently delisted because, well... I can be a dick. The reason I can be a dick is because I know how all of this shit works SO WELL I built it all from absolutely nothing. I earned the right to be the dick I am.
Truth #1 (Inner Truth, Hexagram 61): The Austrians won. Value is perception and it may be created by adding new perceptions (new value) or borrowing from existing perceptions.
Truth #2 (Authenticity, Hexagram 15): The existentialists won. The ability to create something from nothing as a function of being a conscious, sentient human being is fundamental and intrinsic to existence.
The Austrians won. Value is perception and it may be created by adding new perceptions (new value) or borrowing from existing perceptions.
I Ching Hexagram 61
Zhong Fu (Inner Truth)
Hu Gua (hidden influence) 27 Nourishing Vision: Nurture
Zong Gua (underlying cause) 62 Small Exceeding: Conserve
Do not seek to follow in the footsteps of the wise, seek what they sought.
As It Relates to Cryptocurrency
As the message of Inner Truth is unchanging, so must be the blockchain for the cryptocurrency one creates. Consideration of fact, without succumbing to emotions, allows for a clarity of vision and surety of purpose.
Cryptocurrency requires mastery in a variety of disciplines (mathematics, computer science, economics, political science, etc.) and one’s knowledge is both a sword and a shield: it provides safety and security in times of turmoil and chaos while also allowing for the aggressive pursuit of one’s designs. The greater one’s knowledge and experience, the more of the mechanics and operation of the economic systems shall be revealed. It makes one impervious to random doubt as one’s knowledge provides surety in an uncertain world. It encourages us to be open to new experiences and bold in the face of adversity because of those experiences we’ve already gained.
It encourages us to see ourselves as part of a larger movement which is taking hold of society one person at a time, and that part of that movement is strong opposition. Failures are to be expected and welcomed as a function of learning what the world needs to change. Adaptability and perseverance through adversity is the natural way of the universe, however one’s own truth should never be sacrificed in the face of such challenge.
Learning why each network exists beyond the technological differences is a process of self-enrichment even if one never participates financially. One must be accepting of the perceived mistakes of others as it provides deeper insight into one’s own truth. Do not overextend your enthusiasm, as one becomes just another mindless voice on social media, shouting into the void in the hopes it will make them wealthy or endeared to their peer group.
The existentialists won. The ability to create something from nothing as a function of being a conscious, sentient human being is fundamental and intrinsic to existence.
I Ching Hexagram 15
Hu Gua (hidden influence) 40 Liberation: Untangle
Zong Gua (underlying cause) 10 Treading: Cautious Advance
If you know no boundaries, you will discover no limitations.
As It Relates to Cryptocurrency
Authenticity lies at the core of everything related to a cryptocurrency. The networks, themselves, are “authenticity engines” which guarantee the data within a set of rules. This begs individuals not to have expectations too high nor too low. To maintain authentic decisions and behaviors requires authentic thoughts and feelings. Often one must stop and consume available information, or possess the wisdom to wait for new information, before rendering an opinion for it to be and remain authentic.
The core of authenticity is modesty. It has several facets as it pertains to cryptocurrency. The first being receptive to changes. The second is to pursue accolades through deeds, and never to do things for the sake of those accolades. The third instructs us to make small changes instead of sweeping reforms. The fifth facet is to be restrained in the exercise of power to overcome obstacles. The six and final facet of modesty is to accept and own one’s failures as well as successes, and to blame none for the situation but one’s self.