What is The Mill Of Blood?
TEIO is a mix between two words: Teo and Tio, Teo has a Greek root in θεος [theos], God, while Tio , is the deity of the Bolivian mines personified as the devil who can both bestow fortune and misfortune upon the miner depending on the offerings made to him.
Each TEIO mined in the Mill of Blood has been designed with several properties besides being able to be used as value reserve.
The use and ownership of TEIO will be determined by a council that will be organized by the author of the Mill of Blood project during the 100 days of dOCUMENTA 14. This council will consist of nine members whose names will be released before the end of the ICO. The members are involved in both the creation of the mill and the currency TEIO.
A multiaddress will be generated and the corresponding keys will be distributed among the nine members of the council.
The Creativechain team has designed for TEIO coin a mechanism that distributes the power of identification of a person between different third parties, so that a riddle can be generated that can only be solved by the owner of the account, and generate new keys for the following Identifications. This way, if someone could access those keys, he could not use them after having been modified after their last use.
For this reason, TEIO offers a real solution before the new regulations, like the European psd2 and the Mexican fintech, end with people’s privacy giving a bad use to blockchain technology, tracing and identifying users addresses.