There is a very basic assumption that block reward miners must make: digital currency FOMO is undefeated, it will continue to drive prices higher over the long run.
How else can anyone explain building an entire business model around the diminishing block subsidy reward instead of the transaction revenue?
When Satoshi Nakamoto wrote the Bitcoin whitepaper, he foresaw this eventuality, yet many of today’s so-called “followers” of his blueprint consistently disregard that part of the overall plan. They live in willful ignorance, with their investors not understanding what is happening.
TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC:TAALF) is not a “crypto miner.” It recently launched its blockchain infrastructure operations at its facility in Alberta, Canada.
The facility’s opening highlights the difference between blockchain infrastructure companies that understand Bitcoin and support its adoption versus companies out to make quick cash by enabling the price speculation market and then reaping shameless profits from this Ponzi scheme.
TAAL’s goal is to bring online enough computing power to support the future of enterprise-scale transaction processing. Its business model supports transaction volume growth and meets scalability requirements of clients processing transactions through TAAL on the Bitcoin SV (BSV) blockchain.
CEO and Executive Chairman Stefan Matthews said, “Despite the global pandemic challenges, we have successfully begun TAAL’s next-generation blockchain infrastructure operations in Alberta, Canada on schedule. This brings online trusted, compliant blockchain transaction solutions for global enterprise clients.”
TAAL has been on a tear as of late, closing the year out on a firm note.
Last quarter, TAAL’s announced the purchase of new hardware to provide the required computing power for enterprise clients to achieve business advantages using TAAL transaction processing services. The purchase represents over 130 petahash/s (PH) in additional computing power, bringing TAAL’s overall computing capacity over 280 PH. The firm will deploy its newly gained computing power throughout 2021.
Shortly before Christmas, TAAL announced they entered a loan agreement with an entity wholly owned by the creator of Bitcoin himself, Dr. Craig Wright, providing debt financing in an aggregate principal amount of US$7 million.
TAAL is putting itself in a position to be successful for the new few decades, not years. The investment community is taking notice. TAAL’s stock has risen by over 20% since the start of the new year.
See also: TAAL’s Jerry Chan presentation at CoinGeek Live, The Shift from Bitcoin “Miners” to “Transaction Processors”
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