Hekmat

@CryptoMichNL Well done ! Btw when BIT-0011 will get approval/rejection ?

Should you sell or should you buy $TAO? One of the biggest questions after the largest stress test on the ecosystem of #Bittensor. - The most important subnet left. Or did the subnet leave or was it just a single bad actor taking millions and leaving the ecosystem? - Price has gone down from $350 to $250. - Government trust has decreased, so second-order impacts has been taking a hit on the ecosystem. Now, I do have a large position of $TAO in my portfolio. The big question: what's the gameplan and how significant is this recent correction? The Events - Covenant AI publicly posts to leave the $TAO ecosystem as they question the governance of TAO. As an additional event, the founder sells 37K TAO on the open markets, causing a big chain reaction of events to happen. --> People reading the announcement from the biggest subnet will actually panic sell their positions. --> Leverage on longs are getting stopped out or squeezed out of the position. --> Causing more negative slumb on this. - Negative response on the ecosystem of $TAO due to unstaked TAO causing a continuation of the downwards trend to happen. 1. Convenant dumped 37K TAO --> price drops. 2. Other stakers see price drop --> they unstake to protect their position. 3. Unstaking goes through their AMM which makes the conversion worse when there's a panic event causing more stakers to unstake their positions. 4. Validators are seeing their stake go away and their consensus power drops. 5. Rewards are decreasing. 6. Lower rewards, higher risk implies decreasing your position --> causing a negative flywheel. - Const came out with a response on the post of Convenant and public statements on the events to clarify everything from the $TAO standpoint. - Teutonic-I launched -> a new version of Templar in which the target is to build a model to hit the 1T Parameter. They are already tested a 1B model. - BIT-0011 proposal -> introducing 'Locked Stake and conviction'. A new mechanism to increase the conviction, crediting your subnet by an alpha score and erasing the risks of having founders of subnets being able to sell their position and therefore harm all the community holders. The mechanism: - You lock your alpha tokens on a subnet for a choisen period. - The lock is self-decided --> the score starts at 100% and the closer you get to expiry, the lower the score will be. - Every 30 days there's a new conviction score. - The staker with the highest conviction score will be the subnet owner. - You can't unstake the locked tokens as long as the conviction exists. A strong proposal and all these events happened within 72 hours of the actual event. Of course, it's not clear whether the proposal will pass in this format, however, discussion and open debate helps assisting on getting a better system to exist. That's the upside of decentralized ecosystems --> a stresstest happens --> renewed model designed --> implemented until next stresstest happens. That's how new technology moves forward. The Price of $TAO The price, in the meantime, has dropped from $350 to $250 and I would say that there are several reasons for this, which I've also outlined in the previous blocks. - The fact that a founder dumps 37K TAO impacts the price of TAO. - This impact triggers trade-based events --> liquidations, stops and such. - The trust is lost for a moment, therefore the event itself will have some tail impacts as some parts of the staked tokens want to get out, or holders don't trust this anymore. This latter is where the markets need to find an equilibrium. The day of the crash, price dropped to $250. The price today is at $253. To be fair, that's not a bad performance for such a big stresstest for the entire ecosystem. What are my scenarios? I've got three main scenarios, and I'll reason on this for a little bit. The main thesis is that we're still at the forefront of the big AI <> Crypto narrative, so it's a bit of shame to see this happening to the protocol. Anyways, this can also provide a big opportunity to be reclaiming price as fast as possible. The recent crash is a 1.5 sigma crash, not outrageous, but still significant. Scenario 1 - V-Shape to $300-340 If price remains flat over the next week and the new proposals are being approved, I think that this event will fly over and the momentum kicks back into the protocol. It can help whether the markets are picking up momentum, as then you could theoretically speak of an opportunity to be accumulating one of the largest protocols within the AI framework of crypto, especially since subnets themselves can reach millions of valuations. Additionally, the valuation of $TAO compared to OpenAI or Anthropic is still massively low, but once one of the subnets gets attention, it's expected to grow quickly. I would give this scenario approx 45%. If BIT-0011 is approved, this can go up to 60%. Scenario 2 - Consolidation between $200-260 The second most likely scenario, if there's no approval of the proposals or if there's no implications of an ecosystem getting better after such a stresstest, or whether the outflow remains significant, you could theoretically expect the price to continue to fall. In that scenario: new interested buyers at these levels (or validators) < outflow of the ecosystem and that's a bad sign. This can last for an X amount of time, but shouldn't be too long to get the momentum back up. On the other hand, building trust is a long process and therefore it might require some time to get that back in the game, hence the likelihood of the consolidation. I would give this scenario ~40% of a likelihood. Scenario 3 - A retest at $180 and continuation of the crash This would only be possible if there's a strong domino-effect taking place under the following assumptions - Multiple subnets are leaving - There's a strong outflow of tokens from the ecosystem - There's no approval of the new protocol proposals I don't think this is likely, so there's a probably 10-15% implication on this. The altcoin portfolio and the position Based on my analysis and the thesis, I don't see a clear reason to be jumping around and to be buying a position, as of yet. I'm already holding a strong position into this one. I'm fully going to be holding to this, but I'll be following the news and the dialogue in the ecosystem. If it does drop further due to macro-economic events, and not due to internal events, for instance to $200-210 and the protocol approves the protocol changes, then I'm willing to be adding funds. Also, I'm not willing to sell, as the asymmetric opportunities are too large. If this is some sort of ETH-after-the-DAO type of moment, then there's no reason to be selling it, as the ecosystem will only become stronger. I'm holding and monitoring.

@CryptoWizardd Plz bro dont say anything good so we dont nuke further 🙏🏻

Dont think $TAO will stay long at this levels. Just saying

@Danny_Crypton @elonmusk x is disgusting with these kind of fake posts .. can u stop it

I promised that if $BTC hits $74,500, I will give away $20,000 in BTC to 15 people. So as promised I will be giving away $20,000 to 15 person today. Rules: Like, Retweet, and Comment "BTC" 🔔 Gonna lock comments in 24 hours!

@CryptoAvex Prefer not to share ur pice of shit

Shortly I will share my detailed analysis on $TAO, $RNDR, $ZEC and $FET. Stay tuned. Make sure you don’t miss.

@TaoOutsider Damn.. dats gonna make a huge difference with his 82 followers lol

A brazilian just like me talking about what happened in the $TAO eco.

@JesusMartinez @const_reborn 😅 lol i see desperate tweets seeing $tao from every possible angle

The Bittensor founder @const_reborn just laid out the next chapter for TAO. A new ownership model. A recovery plan for Templar. A warning for holders. Here's the full breakdown. Covenant AI ran three of Bittensor's biggest subnets. Templar (SN3). Basilica (SN39). Grail (SN81). They built Covenant-72B, the largest decentralized LLM training run in history. Praised publicly by Jensen Huang and Chamath. Then Sam dumped, exited, and accused Bittensor of "decentralization theater." Const's response wasn't a defense. It was a plan. Key points from his statement: • He called Sam "a brother" who "betrayed us all" • Admitted his "real error" was not shipping Locked Stake sooner • Ironically, Sam himself drafted Locked Stake before leaving • The solution is cryptographic, not legal • The open Thursday Discord call will formalize the design Locked Stake introduces a new dimension of ownership. Subnet owners who want long-term trust will have to lock their tokens for a defined period. Investors can finally see who's actually committed vs who can rug at any moment. This is the fix for the one-person-controls-too-much problem. Now the part most people are missing. Templar has not rugged. The code is open source. The team is still there. The miners are still there. Only Sam is gone. Const posted on Discord that miners can help get Subnet 3 back into the right hands. But there's a catch. Const posted a direct warning: DO NOT BUY SN3 right now. Why? Sam still holds the owner keys. Buys into Subnet 3 send him TAO every day until control is recovered. If you ape in now, you're funding the guy who just walked. The play is patience. Wait until validators and miners recover the subnet. The bigger picture matters more than the drama. Bittensor has 128 subnets. One walked. The other 127 are still shipping. Ridges AI (SN62) just spent ~$1M in rewards and hit 80% of Claude 4's performance in 45 days. This is what Jason was pointing at on the All-In podcast. Chutes is building the rails to attempt a 1 trillion parameter training run in the future. TAO isn't a bet on one team. It's a bet on whether decentralized AI gets a seat at the table. We already proved it's possible with the 72B run. The question is whether we can scale it. The only reason Bittensor is worth $3B and not $1T is because these problems aren't solved yet. If they were, the money would already be made. This is the most crypto thing that's ever happened. Decentralized blockchain. Bad actor exploits the system. Community organizes to route around them. That's the name of the game. And that's exactly why TAO is still the only AI crypto play in the top 100 that matters.

@jerrybanfield @NEARProtocol Hahaha another fake inpluencer .. blocked!

$NEAR calls itself “the blockchain for AI” 🤖 Problem: @NEARProtocol doesn’t actually run AI. So what is it really? A marketing narrative… or just another transaction layer? Here’s my honest review 👇

@CitadelKeys No bro, at least $1545.56 per token. Mark it too

@24AKMAT $ASTER going to $10 Mark my words

the longer the $ASTER contraction, the bigger the expansion

@Julian4crypto Even if someone send you $1M only by mistake you will still shitpost here

Even if $TAO captures only a 1/4 of the market cap of $nvda it would still sit at $103,000 per tao

@coinbureau You post absolutely BS

🔥BULLISH: ARTHUR HAYES SAYS- “The only thing we're buying right now is HYPE.”

so ceasefire extended for two weeks, no can we go back to epstein files lol

@Kaizerrev I think the exit strategy was to ceasefire but the iranian didn’t accept it lol

Nick Fuentes reacts to Trump saying "Praise be to Allah" on Easter Sunday. "Everything about this is disturbing.. This is when you realize Trump is Evil."

@MuffinDannyH I mean what did u smoke? 😅

You just need 10 $TAO and patience #Bittensor

@ThePeakOG Its $aster dumbass

What part of Earth is this?

@RoccobullboTTom Any proof u shared it at 0.5? But i know u mf lying

$SUI thinking big something 🚀🚀🚀 I shared when was $0.5 in $2023 then hit $5 did 10x $SUI adding big whales 🚀🚀🚀 $SUI double digit sooner or later ✅

@Daivik555 Hahaha bs

$ASTER HOLDERS RIGHT NOW

@Blockhunta And aster is down more than 60% from ath while hype is down less than 40% from its ath. What the f is in ur head? Is this how u want to win? Retard ass

$Aster holding strong like a boss while $Hype is dumping hard

Unpopular level of stupidity!