Bittensor (TAO) drama summarised
• Covenant AI (largest decentralized LLM for AI training) claims that Bittensor's decentralization is fake since one person maintains control over the triumvirate, suspends emissions, overrides authority, deprecates projects, and uses token sales coercively
• They left Bittensor as its governance contradicts their permissionless promise
• Const (TAO co-founder) criticizes Covenant AI for an "ugly decision out of malice and greed" while advocating renewed community vote-based ownership to elect subnet teams
• Fish (another major subnet operator) defends Const by detailing his foundational support to Sam on Grail and Templar subnets, accusing Sam of rugging investors and spreading misinformation after Const sold 5% of his tokens
• Sam (Covenant AI founder) sold majority of his tokens; the news causes $TAO to crash by ~20% (https://taostats.io/account/5Gs5XrCYquiwLj3Spm8XCPZXNvtaJj1tb2HoCgNdDBLNAPMe/transfers)
• @niftyinvest on X shares a video of how he thinks Sam seems to have a more short-term mindset and only in for a quick gain (https://x.com/niftyinvest/status/2042402670506635460)
• Kyle Samani is still up for his TAO debate, Const wants to do it too (https://x.com/const_reborn/status/2042477090390311267?s=20)
Links:
• https://x.com/covenant_ai/status/2042380152831951300?s=20
• https://x.com/markjeffrey/status/2042397286463140351?s=20
• https://x.com/markjeffrey/status/2042397286463140351?s=20
🌐 From @cryptogoodreads
• Covenant AI (largest decentralized LLM for AI training) claims that Bittensor's decentralization is fake since one person maintains control over the triumvirate, suspends emissions, overrides authority, deprecates projects, and uses token sales coercively
• They left Bittensor as its governance contradicts their permissionless promise
• Const (TAO co-founder) criticizes Covenant AI for an "ugly decision out of malice and greed" while advocating renewed community vote-based ownership to elect subnet teams
• Fish (another major subnet operator) defends Const by detailing his foundational support to Sam on Grail and Templar subnets, accusing Sam of rugging investors and spreading misinformation after Const sold 5% of his tokens
• Sam (Covenant AI founder) sold majority of his tokens; the news causes $TAO to crash by ~20% (https://taostats.io/account/5Gs5XrCYquiwLj3Spm8XCPZXNvtaJj1tb2HoCgNdDBLNAPMe/transfers)
• @niftyinvest on X shares a video of how he thinks Sam seems to have a more short-term mindset and only in for a quick gain (https://x.com/niftyinvest/status/2042402670506635460)
• Kyle Samani is still up for his TAO debate, Const wants to do it too (https://x.com/const_reborn/status/2042477090390311267?s=20)
Links:
• https://x.com/covenant_ai/status/2042380152831951300?s=20
• https://x.com/markjeffrey/status/2042397286463140351?s=20
• https://x.com/markjeffrey/status/2042397286463140351?s=20
🌐 From @cryptogoodreads
X (formerly Twitter)
NiFτy (@niftyinvest) on X
Here you go Bittensor 👇
@DistStateAndMe, founder of @covenant_ai, was clearly a fan of Bittensor $TAO
…or maybe just looking to make a few million and dip
Listen for yourself. Full episode dropping soon.
@DistStateAndMe, founder of @covenant_ai, was clearly a fan of Bittensor $TAO
…or maybe just looking to make a few million and dip
Listen for yourself. Full episode dropping soon.
TRUMP: IRANIANS HAVE NO CARDS EXCEPT SHORT TERM EXTORTION OF INTERNATIONAL WATERWAYS
TRUMP: ONLY REASON IRANIANS ARE ALIVE TODAY IS TO NEGOTIATE
(@WalterBloomberg)
🌐 From @cryptomumbles
TRUMP: ONLY REASON IRANIANS ARE ALIVE TODAY IS TO NEGOTIATE
(@WalterBloomberg)
🌐 From @cryptomumbles
https://cointelegraph.com/news/coinbase-x402-rolls-out-usage-based-pricing-agentic-ai
🌐 From @defiprime
🌐 From @defiprime
Cointelegraph
Coinbase Announces Upgrade for x402 Protocol Enabling Usage-Based Pricing
The upgrade introduces a scheme that lets sellers set maximum prices and buyers authorize amounts up to a limit, with servers charging only for actual compute costs.