A Brief Discussion on Dtao Tao Ecology did some Dtao upgrades on February 14th, but the community response was relatively small. Silly brother, take advantage of the weekend to tell you: 1. A shocking fact: before February 14th, Tao's subnet had not issued any coins. Can you imagine a public chain that has been in operation for several years, but none of the applications on it have issued coins? This goes against everyone's common sense. 2. After the subnet was able to issue coins, Tao's token economy learned from the big brothers Curve and Virtual. By purchasing tao and trading with tao and alpha tokens, purchase alpha tokens. The actions of purchase and pledge are bundled together. Once purchased, the pledge is made, and once pledged, it increases the sub network pool's dividend rights for Tao's additional issuance. 3. If you are not familiar with 2, you can think that Dtao is simply Tao who opened a split and dividend offering. By splitting the stock to stimulate demand for the parent stock Tao, and maintaining alpha prices through dividends. 4. From the current price performance, it seems that DTAO's flywheel is not progressing smoothly. Of course, the most crucial data is the change in the staking rate of tao in the subnet. Any boss who sees it can share it with silly brother. 5. From a timing perspective, Tao almost completely missed the AI boom period from October last year to the end of the year, losing its timing. 6. From the fundamental perspective of subnets, narratives are relatively outdated, decentralized reasoning, computing power, and data. The influence in the web3 community is relatively small. After checking the GitHub of the subnet, I found that its influence in web2 is also very small, with only a few stars and a few dozen stars smaller. It can be considered that the fundamental situation of subnet projects is relatively weak. 7. Another issue with subnets is the terrifying inflation. It was issued in blocks from scratch, and now subnets are experiencing extremely terrifying inflation. This early investor brought significant price risk. 8. The future of Dtao depends on the strength of tao's market makers, how subnet market makers handle things, whether the entire flywheel can continue to take off, external funding for the entire AI narrative, tao's willingness to enter subnet staking, dividend payout ratio and reinvestment ratio, and the speed of splitting. Silly brother went for a nap and continued his research afterwards.