aztec_man

That is really interesting and funny how it’s playing out. So there rule was it didn’t matter . Any subnet owner , could do this . But Const and fish had already decided to gang on me . Const thought fish was going on about me burning , but .. he was going on about copying him IM. So I didn’t care and deleted it regardless, and Const took away that ability . So I said ok fine I’ll move to our own channel, made the announcement , and then Const changed the names on all my subs to deprecated . Like that was going to hurt . But Const is sly, I have proof lol. Even from a moderator that confirmed that the rule was that any subnet owner could moderate their channel as they saw fit . It’s funny how he left out who was making the comments . That’s all be does try to alter reality. Ngl it works pretty well for the cult

The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.

This guy is trying again to make $TAO look bad by suggesting Grayscale reduced exposure, but he completely misses the point. Yeah, in the Grayscale Decentralized AI Fund, $TAO is just ~24.4%, but that fund is tiny, about $555k AUM, so $TAO there is roughly ~$135k. It’s a diversified basket by design, not meant to be a pure $TAO bet. If you actually look at the dedicated fund, the Grayscale Bittensor Trust, it’s a completely different story. That fund holds ~39.7k TAO, which at ~$260 is around $10.3M. >> So $TAO alone in its own trust is roughly ~18–19x bigger than the entire Decentralized AI Fund combined. And more importantly, that position has been growing over time, not shrinking. So no, this isn’t "declining interest". If anything, it shows that while $TAO might look small inside a diversified AI basket, institutions are actually building much larger, concentrated exposure to it separately.

Won't stay that way. Up.

$TAO fam, I read every word Jacob wrote. Twice. Then, a third time. And I sat with it for a while before writing this because what he said deserves it. It Made me more convicted in this network than I have ever been. Jacob opened with something you almost never see in this industry. Raw honesty. Not a corporate statement drafted. Not a PR-approved damage control. A man telling you that someone he considered a brother betrayed him and that it shook him. And in the same time, apologizing to every single person who lost money. When was the last time you saw a founder of anything, crypto, tech, traditional finance, come out after a crisis and lead with an apology to the people who got hurt? Not deflection. Not blame shifting. An apology. That tells you everything about who is steering this ship and, more importantly, the foundation the network was actually built on. There is something about what happened here, and Jacob touched on it without flinching. It hits home to many of us. The people you help the most can hurt you the most. That is not a crypto problem. That is a human problem as old as humans themselves, even biblical. Like the brother who sells out the family. I think it happens because proximity to greatness sometimes breeds resentment instead of gratitude. And when someone flies too close to the sun on wings, they do not build alone. They forget who helped them get airborne in the first place. Everything Covenant achieved the 72 billion parameter model, the arXiv paper, the Jensen Huang praise, the Anthropic citations all of it was built on the back of Bittensor's miners, Bittensor's emissions, Bittensor's infrastructure, and Bittensor's community. The network made it possible. The collective funded it. Then one person decided the recognition belonged to him alone. Jacob said he could not regret trusting Samuel. What Samuel proved, through intense effort, was that permissionless open-source networks can compete with centralized billion-dollar fiat-funded labs. Think about what kind of person says that about someone who just caused them max pain. A person who cares more about the mission than about being right. A person who understands that the work matters more than the individual who did it. That is not common. In any industry. In any era. That is the kind of leadership that builds things that last centuries, not quarters, folks. The next thing I believe will define the next chapter of this network. Bittensor was built to be resistant to the pitfalls of human error, greed, selfishness, and other sins. It is permissionless by nature because while we are all fatally flawed, we are also fatally required to participate in the future of AI. Read that sentence again. We are all fatally flawed. And we are all fatally required. That's the fire at the heart of this entire project. You can not build an open network and expect only good people to show up. You can not build a permissionless system and then be surprised when someone uses that permission to do something selfish. The openness that allows brilliance also allows betrayal. The only way to handle that is not to close the doors but to harden it up. Now it’s happening. This next part matters most because it speaks directly to Bittensor’s future. Success is never a straight line. This all proves the mission here is a real one. The future of Bittensor will be defined by how it metabolizes these problems into stronger primitives moving forward. More coming...

Btw i should address some of the points in the article which AI slop influencers are now repeating. > I suspended emissions to his subnets I do not have the ability to suspend emissions. What i did do is sell some of my alpha holdings on his three subnets, because they were not running, and were on near 100% burn code. This changed the emission the same way all buys and sells on Bittensor do. I don’t have any privilege beyond what normal TAO holders have. > I deprecated Covenant’s channels and removed moderation rights No, Samuel specifically deprecated his own channels which he did via a pinned comment and also a Twitter post. To be clear, he is talking about a discord channel. > I removed his ability to moderate his community Sam was deleting posts in his channel of genuine, honest criticism. I removed that ability temporarily and then reinstated it later. I did not remove his moderator role. I simply stopped him from deleting posts from others in his channels. > “deprecating infrastructure” Not even sure what this one means. > large visible token sales Not large. Less than 1% of what i had invested in his teams. Visibility is impossible to avoid in my position. I reserve my right to buy and sell tokens which is what underpins the entire system of dTao. Anything else?