Belle Brockhoff

To my snowboarding family ❤️

@bittingthembits 👏🏻👏🏻👏🏻

I am not going to sugarcoat this. Last night hurt $TAO & Subnet holders The founder of Covenant AI decided to cash out of SN3, SN39, and SN81, dumped roughly 37,000 $TAO worth of subnet Alpha on the way out, and cratered prices across the board. $TAO dropped as much as 27%. Nearly $900 million in market cap wiped. $9 million in longs liquidated. Alpha holders on those subnets got absolutely crushed. I was one of them. I lost a significant amount from this. That is the reality and I am not going to pretend otherwise. But I am still here. And I am still buying. Let me tell you why. First, let me be clear about what actually happened. A subnet owner got into a disagreement with Const, got upset, and used it as an excuse to dump his bags on the people who trusted him. That is it. That is the whole story. He dressed it up as a principled stand against centralized governance but the man sold 37,000 $TAO worth of Alpha on his own community while posting a manifesto. That is a rug plain and simple. Const responded within the hour. Publicly. On chain. With a solution. Some people are acting like Bittensor died last night. It did not. Let me show you what actually happened in the hours after the dump. Const proposed lock-based subnet ownership where ownership of a subnet is determined by a team's long-term economic commitment to the project. Not by who registered first. Not by who controls the keys. By who has skin in the game over time. Investors would see in advance if an owner unlocked their tokens. The market could reprice the subnet before the owner dumps. And conviction could be directed to another team or even an agent to manage the system. If implemented, this would be the most significant governance upgrade since dTAO launched. And it came within hours. Not weeks. Not after a committee meeting. Within hours. That is what this network does. It finds its weak spots and it fixes them. Fast. @MacrocosmosAI posted: "Bittensor always emerges stronger from pain. Hacks, exploits, disagreements all fade into the history of this protocol. The flame of distributed training continues to burn brightly. One individual does not make a nation." @jon_durbin from Chutes: "Chutes is and always will be a Bittensor project. Chutes is Bittensor and Bittensor is Chutes." @MaxScore from Score: "Score is and always will be a Bittensor project. Score is Bittensor and Bittensor is Score." Loayei: "Don't care about the drama. Will continue building $TAO." @TroyQuasar from Quasar called it what it was. He said it was bullshit, that no one is bigger than the network, and that Quasar will take it from here. The builders did not leave. The builders doubled down within hours. Publicly. On record. @markjeffrey put it simply: "Bittensor is quite a LOT more than Subnet 3, and $TAO will carry on fine without it. There are 125 other subnets plus three new slots that just freed up." Three new subnet slots just opened. While people were panic selling, builders were already eyeing the open seats. @SiamKidd gave the most grounded take. He acknowledged the drama, acknowledged that Sam's governance concerns were not entirely wrong, but made the point that Const's motives have always been genuine. This is growth. This is what permissionless systems look like when they encounter stress. They break in specific places, they get patched, and they come back harder. This is not the first time something like this has happened on Bittensor. It is not even the second time. Nous Research left the ecosystem before. And what happened? The network adapted, subnets evolved, and the protocol kept building. Every previous inflection point led to upgrades that made the system stronger. Covenant-72B was real. The training was real. Fundamentals haven’t changed: 21M hard cap, halving complete, 68% staked, nine institutional products accumulating, Grayscale ETF pending. $TAO just went on sale at a 27% discount. Builders keep building. I’m buying this dip. $TAO

Exploits are what teach a system its weak spots. The quicker you find them the faster you learn. The outcome of this eventful evening is that Bittensor will invent lock-based subnet ownership -- specifically: ownership of a subnet determined by a team's long term economic commitment to the project. This will mean: 1) investors see long in advance if an owner has unlocked their tokens, 2) be able to reprice the subnet before the owner and 3) liquidly direct their own conviction to another team, or agent, to manage the system. Thank you @DistStateAndMe for helping further Bittensor's decentralization and develop a solution to one of cryptos oldest problems: founders who rug their token holders. Looking forward to training some 1T param models with the miners who are experts in this unique field. "What is dead can never die"

@TaoOutsider Ditto.

I am not leaving. I am not selling.

@trader1sz Skier or boarder?

@SheTradesIct Check his website.

And he doesn't even do Mentorship or sell courses 🫡

@KillaXBT @Justpit5 did two months earlier 🔥

The greatest post of all time... $BTC 300 days of price action, mirrored perfectly.

@Binance_AUS nice!

Meet Jack Robinson and the Binance crew! Come join us at URBNSurf this Wednesday for a community meetup. Catch all the details below. RSVP now 👉 binance.events/87AQ5R

@CryptoHayes 👌🏼

My portfolio right now. Stonks - gold silver copper uranium miners, oil majors, merchants of death, LatAM energy names Crypto - $BTC, $ETH, $ZEC, $HYPE And physical gold. Watchu got fam?

@van00sa Wow 🤯

In case you’re wondering why our country is the way it is

Five rings, five medallists. #MilanoCortinaOlympics26

@TheTradingTank Cheers. Just bc of the weekly downside wick length. Great opportunity if it comes 👌🏼

@bellebrockhoff Sweep of the lows also possible, yes, if standard retracement fails. Good point 👍

Seeing too many people going long here, without confirmation. To the naked eye it looks like another bear flag, with mega resistance under $72k. I’d rather wait for the market to show its hand. Bulls are 50/50 here but I like low-60s better for longs if we get it. $BTC

@PeterBTCAdviser @_Checkmatey_ 🙌🏼👏🏻

A timely catch up w @_Checkmatey_ giving us all the insights and onchain analysis. A lot of great information if you want a deeper understanding of what’s happening in the market… Thanks again Checkmatey 🫡

@gjm1508 @elonmusk @WalterIsaacson Awesome! Yeah was up this morning. it’s a great new mix of riders/young guns- I’m sure we will see those chances shine through into the top 3🔥

@bellebrockhoff @elonmusk @WalterIsaacson Hell yeah … set to move sleep onto a virtual different time zone to enjoy as much as I can. Especially excited to see some of the young snowboarding ‘kids’ who appear to have chances all over the shop!

A very good read 👌🏼 @elonmusk @WalterIsaacson

@gjm1508 @elonmusk @WalterIsaacson Hope you are too!

@bellebrockhoff @elonmusk @WalterIsaacson Hoping you are getting ready to celebrate as your fellow winter Olympians go to work over the next 2 weeks. Feels like a strong Aussie team

@gjm1508 @elonmusk @WalterIsaacson Ready to go ☺️ watch Val throw down an epic qualifier - got excited and fomo haha It’s a very strong team. Lots of medals in coming.

@Justpit5 Been really impressive to watch it go exactly as you called it back in March 25.

March 2025 -> February 2026 #Bitcoin

@Justpit5 CME gap fan?

GM $BTC staying above Monday Low what is good The most important support to hold is box between $74300-$76000. Break below that level and i am looking for $69k as next target, stay above/ retest at $84.5k possible

@TheTradingTank 💯

$HYPE - I think it starts to bounce from here or the teal box. Either way I'm expecting new highs in coming weeks/months.