Mohzizz 🧢

Watch the math. The first $TAO halving already happened. Half the supply is already out…and the other half will take exponentially longer. While two-thirds of it is staked. Only a fraction is actually liquid. Everybody watches price. Many don't watch the relationship between issued supply and staked supply. Block emissions: 1.0 → 0.5 $TAO That instantly cut supply from 7,200 $TAO/day → 3,600 $TAO/day. That’s 1.3M fewer $TAO per year. Current state: • 10.86M $TAO issued (51% of max) • 21M hard cap • 67% of circulating $TAO is staked • 48% still not issued • Next halving at 15.75M $TAO (2030) This isn’t just Bitcoin Like Scarcity. $TAO is programmed scarcity + forced usage. Every part of the system pulls $TAO out of circulation: • Subnet registrations → $TAO locked • Miner/validator entry → $TAO recycled • Subnet pools → $TAO permanently paired with alpha • Fees → burned • Emissions → redirected based on real usage This is where most people misunderstand it: $TAO isn’t just held. It’s consumed by the network. And demand isn’t one-dimensional. It’s layered: • Miners need $TAO • Validators need $TAO • Subnets compete for $TAO • Stakers rotate $TAO across alpha pools • Builders need $TAO to participate 128 subnets. Each one its own economy. Each one pulling $TAO into liquidity pools, emissions, and staking. So while supply just got cut in half… Demand is multiplying. And emissions aren’t static. They’re flow-based. Capital flows determine rewards Usage determines emissions Activity attracts more capital It’s a feedback loop. Zoom out: Today: 3,600 $TAO/day Next halving: 1,800 $TAO/day Then: 900 $TAO/day Eventually → near zero new supply At the same time: • More subnets launch • More $TAO gets locked • More agents, models, and infrastructure go live That’s the real equation: New supply does down ⬇️ Locked supply ⬆️ Utility ⬆️ This is Programmed Structural scarcity. Enforced by code. Driven by real usage. People panic over red months. But this is a multi-cycle supply compression event. By the next halving: Most $TAO will already be issued. The rest will take decades. And a large portion won’t even be liquid. The question isn’t: “Is $TAO divisible?” The question is: How much $TAO is actually available? Because that number keeps shrinking. While the network keeps expanding. Conviction isn’t built in green candles. It’s built when the mechanics are obvious… Price is moving sideways. Supply is getting tighter every single day. Network usage increasing (off-chart) and many are not paying attention. $TAO DYOR @taostats taostats.io/analytics/stats

$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...

A few more points here.. ⚫️ Templar founder extracted 37,000 $TAO worth of alpha tokens from his 3 subnets.. So it is only logical those 37k $TAO will be dumped on the market for max extraction Also the possibility shorting was in place before the announcement was made/alpha was dumped ⚫️ To everyone who invested in any of those 3 subnets When you invest in a subnet.. even though you are backing a team, you are effectively investing in the subnet slot itself Subnet 3 will persist.. Templar will not Which means alpha holders on subnet 3 still have their tokens.. and if a new team comes along with a killer idea and revives the slot (As is being planned, led by @const_reborn) then token holders of SN3 will also see price recovery ⚫️ Sam claims @const_reborn tried to "ruin him" by selling 200t on his own alpha Const buys and sells alpha tokens all the time.. his subnet was no different but you don't see all the other subnet owners nuking their subnets into the ground He also helped Sam build Templar and donated startup funds.. "Const did everything for Sam. He built the first versions of both grail and Templar for him and then gave him those subnets. He found developers for him to work on the subnets. He donated him $Tao and gave him startup funds and the owner key for free to Templar. He supported him the whole way. I remember Const gave Sam a 2000 Tao bonus for Christmas one year. Then the one time Sam doesn’t like something that happens (Const sell like 5% of his tokens) he crashes out, rugs all his investors, spreads fake news across socials, acts incredibly immature by leaving all groups, and you say this is Const’s fault??? What an insane interpretation of events. This is nobody’s fault except Sam." ⚫️ Templar news and achievements had reached the very top of the AI industry.. large influential figures were praising the subnets success For this to happen now.. it will for sure have some deep knock on effects that will take some time to recover ⚫️ Changes will be made on #Bittensor to mitigate this happening in the future.. "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." @const_reborn ⚫️ Lastly.. #Bittensor is a large, permissionless network that is growing fast every single day There's always going to be bumps in the road along the way.. but its how the network and its participants respond in such tough times Things will recover and this will barely register on the overall journey of #bittensor $TAO

So.. here is what happened @tplr_ai founder took offense to some actions made by #bittensor co-founder @const He/they then made the decision to announce they are leaving the #Bittensor network In the process.. then made the incredible decision to dump 37,000 $TAO worth of subnet alpha tokens across Grail, Basilica and Templar A move that has completely destroyed the investments of everyone who followed and trusted these guys over the past few months/year Expecting anyone to follow you elsewhere after making such an incredibly irrational and dumb decision that screwed all your investors by nuking the token yourself.. good luck This, imo.. looks like a rug for max extraction Maybe that's wrong but that's exactly how it looks to me.. Its a massive fucking shame after Templar had the largest public exposure of any subnet to date, thanks to positive breakthroughs in pretraining I cannot express how disappointed I am in all this #Bittensor will grow stronger.. It always does $TAO

@captaincrypto21 Respect, belle leçon de vie Captain

Huit ans aujourd’hui. Je pensais que c’était fini. Pas “compliqué”. Pas “dur”. Fini. Mais juste avant ça… j’avais mis un “pied” dans les cryptos. Sans trop comprendre. Sans plan. Et au milieu du chaos, c’est devenu mon point d’accroche. J’ai pris des claques. J’ai douté.J’ai recommencé. Encore. Encore. Mais j’ai tenu. Parce qu’au fond, j’avais plus rien à perdre. Au milieu de tous les scams… et de tous les vendeurs de vent… j’ai vu un truc différent. Les leaderboards. Les mecs “printer” comme des machines. C’est là que j’ai compris que c’était possible. Pas facile. Pas pour tout le monde.Mais possible. 2024. J’ai pris ma place. Top 84 sur Bybit. Pas un coup de chance. Des heures. Des erreurs. De la persévérance. Savoir encaissé les coups durs Avec le recul, c’est clair : Pour reussir il faut jamais lacher.

@BlackSheepHQ Après Luna, FTX et le 10/10 plus rien ne m'atteint

Ahah les commentaires y a des screens -600$ avec des citations « faut avoir les reins solides » En perspective en crypto, on a +de 300 hacks en DeFi en 1 an et un écosystème qui a dévissé de plus de 44% en quelques mois. C’est nous les singes … C’est là qu’on se rend compte qu’il faut être un dégénéré pour avoir une grosse portion de son pf on chain

Don’t let the green candles fool you. $CVX just pumped +40% out of nowhere, and while many are screaming "trend reversal," the on-chain data tells a much darker story of manipulation. I’ve spent some time diving into the blocks, and the reality is that this move was driven almost entirely by two specific wallets. These aren't your typical investors; they are bots buying nonstop to force the price upward. How do I know these are bots? These addresses are interacting with the blockchain hundreds of times a day at anytime. Check @nansen_ai analysis: While gamblers and meme-traders jumped on the momentum, the most concerning part is what the smart money did. Two wallets from the Top 100 holders used this artificial pump as an exit door, offloading 25% and 34% of their total positions to "mitigate risk." As of now, the bots that ignited the rally have already emptied their wallets or moved the funds. I’m fundamentally bullish on the @CurveFinance and @ConvexFinance ecosystem, but real demand doesn't look like this. My job is to make sure you see the game for what it is before you become someone else's exit liquidity. Stay sharp and always verify on-chain.

I made $600k USDC in ~20 months of doing solo smart contract security audits ('23-'24) It all started when I was reading the Uniswap V2/V3 docs. I saw some whitehat (now OG in the space, @samczsun) had done a "solo" audit for them. I was like "what? Solo audit? How good must have he been, so that he can do audits just by himself?". I felt motivated and impressed, but I was just starting out still, so I moved forward and forgot about it. I started actively posting my journey on X - public learning for web3 security. I did some contests on code4rena/Sherlock and had a busy calendar to do every contest possible. One of my posts gathered attention, and I got a comment. "Would you do a review for me? DM". I did an "audit" for $600 USDC for 6 hours of work. Found 2 High and 2 Medium severity issues. Made a PDF report. The dev was very happy with the work. I published on socials - got a second comment/DM and did a second solo audit. From then I went on to do 50+ solo audits and make $600k, working all by myself, so having pretty much 100% profit. Bought a few nice things, upgraded my lifestyle a bit, but I also truly fell inlove with ethical hacking and building sustainable businesses - creating long-term value for all parties involved. That's how I started Pashov Audit Group, my current web3 security audits company, where we secured many many many billions of dollars for blockchain projects. Been a fun journey, but I am far from satisfied. I will be using crypto my whole life, my wife and my kids will be using it, and their wives/husbands and kids. It's a long-term thing. That's why short term profit isn't something I get excited about. I'm a long-term thinker, and the only way to prove it is to keep going. Ending this year on a positive note - 2026 will be huge for all of us🔥 If you liked the story, Retweet and leave a comment about it, I'll make sure to respond to the good ones🫡

HUGE news! @Ripple just received conditional approval from the @USOCC to charter Ripple National Trust Bank. This is a massive step forward - first for $RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight. To the banking lobbyists – your anti-competitive tactics are transparent. You’ve complained that crypto isn’t playing by the same rules, but here’s the crypto industry – directly under the OCC's supervision and standards – prioritizing compliance, trust and innovation to the benefit of consumers. What are you so afraid of?

@naiivememe Un des meilleurs jeu auquel j'ai joué

@WatcherGuru Voilà pq on dump

JUST IN: Jim Cramer says "lots of good elements are lining up for a rally."

@AlgoTradeFr Le minimum c'est de citer @DreadBong0

$TAO est valorisé sous les 4 milliards de $. En face, OpenAI de Sam Altman est à 500 milliards… et il demande encore l’aide du gouvernement US. C’est tout le problème de l’IA fermée : ça brûle du cash plus vite qu’aucune boîte privée ne peut le supporter. Bittensor fait l’inverse 👇 un marché de l’intelligence permissionless, qui scale tout seul, parce qu’il repose sur la coordination plutôt que sur le contrôle. Un réseau plus scalable, moins cher, et infiniment plus résilient qu’un système fermé. Il n’y en a qu’un qui est vraiment ouvert. Et ce n’est pas celui qui demande la permission. $TAO

@MariusCrypt0 Period.

Real

@rektfencer You lost it

The bottom is in. $106.2k $3600 $160 $38.5 I stake my reputation on it.

@NetflixFR J'ai cherché un commentaire positif mais en vain...

Une famille d’herboristes crée un remède censé sauver des vies… mais leur découverte ouvre les portes de l’enfer sur leur village. Le film THE ELIXIR, c’est dispo.

Bitcoin miners are drowning in debt. And it’s not because they’re failing It’s because AI is pulling them in. According to VanEck: ▫️Total miner debt exploded from $2.1B → $12.7B in a year. ▫️They’re borrowing to build AI & HPC infrastructure. ▫️Firms like Bitfarms and TeraWulf are raising billions for data centers. Why? Post-halving, mining profits shrink. AI hosting = predictable cashflow. Hashrate competition = upgrade or die. This is the same energy + infrastructure shift… but $TAO doesn’t need debt to scale. It rides on the demand for intelligence itself. Bitcoin built the rails. $TAO powers what runs on them. 🔗cointribune.com/en/bitcoin-min…

Investing in 2025

@WatcherGuru Mais ferme la Putin, chaque fois que ça pump il l'ouvre

JUST IN: 🇺🇸🇨🇳 President Trump says his scheduled meeting with Chinese President Xi Jinping might not happen.