SBZ

@markjeffrey @HarryDCrane @IMGpf @pmaymin @djinn_gg It was a rug @pmaymin . The “decentralization” comment was Sam’s excuse.

Hash Rate - Ep. 164: Djinn - Subnet 103 🧙 Guest: @HarryDCrane @IMGpf @pmaymin of @djinn_gg 01:00 Covenant's Departure from Bittensor 08:50 Community Reactions 11:55 Introducing Djinn 21:03 How Djinn Works 26:46 Payment Rails 32:51 Team Background 51:19 Djinn Launch And Roadmap

@frihetspenger @const_reborn I came here to ask the same question. @const_reborn i’m still bullish on the network, but you should remember the burden that comes with being “CEO” of this. You have to be cutthroat—exercise better judgement. “Not everyone who spoke you friendly was really your friend”

First of all, why was this guy chosen to lead the subnet to begin with? The vibe I got from him was weird & he didn’t seem particularly competent & as you said, you had to learn him everything he knows about AI & ML …so I’m curious, why did you trust him? This will undoubtably tarnish the network’s reputation & leave an impression that Bittensor is just like all the other crypto projects out there Bittensor will probably be fine & the subnet will live on without him & will hopefully be lead by someone more competent But at the same time, it’s *extremely* unfortunate that this happened right when the network had momentum & started attracting institutional capital & attention Goes to show what can happen when you put a lot of trust in the wrong person

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"

@const_reborn @BarrySilbert @covenant_ai I don’t care for news and hype—I trade charts. The charts were bullish on all time-frames i follow, until this Templar news happened. In Medium-term, prices can consolidate bt $250-$350, but Long-term chart still says we’re going higher…a lot higher.

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?

@DistStateAndMe Black ppl 🤦‍♂️

Crypto was meant to stand against tyrants.

@Jason @TimJDillon @megynkelly @joerogan @TuckerCarlson Something the Left can’t do

... @TimJDillon @megynkelly @joerogan @TuckerCarlson (amongst many others) breaking from the political tribalism mind virus, and calling balls and strikes, speaks volumes.

@RoKhanna @TuckerCarlson @mtgreenee Smd

Trump backed down. No credit to Congress, which barely made a whimper. Credit to the American people—progressive activists & anti-war conservative voices like @TuckerCarlson, @mtgreenee, and many more. We need an anti-Epstein class, anti-war, pro-working class coalition.

@chamath It’s game over, Chamath. There is no speaking sense to people anymore…. Men believe they can be women and women can be men—the ultimate form of brainwashing.

If tech leaders don’t organize and get America on their side, the situation on the ground - as seen in the three charts below - will get worse before it gets better. That, in turn, will tank the US economy since AI is responsible for much of our incremental GDP. Someone needs to step up.

@thewriterme Prior to working there, i used to want to “stick it the white man”., and i wanted to help the less fortunate. But i came to realize the liberal policies of the country incentivized all the issues u know abt SF, today. I worked at WF in 2010s

@thewriterme I worked as a Banker, at Wells Fargo, in San Francisco right across from City Hall. My branch was the branch where certain residents of the TL had to come to get their 1st of the month checks. I can tell u thru first-hand experience that the Dems fuel the drug & crime epidemic

Watching a liberal slowly wake up.

@markjeffrey NK spies working in Circle? 🤔

This is wild. The recent Solana hack ended up bridged to USDC -- but Circle is doing nothing about it (?) ... Whereas Tether would have frozen the funds??? "The attacker deliberately avoided Tether. They knew Circle wouldn't freeze."

@RoKhanna Eat a dick bRo

Trump wants $400B more for war. I want it for the American people. New Economic patriotism versus America Last.

@jasonwhitlock @aakashgupta Fk nike

The below post is why LeBron James took time out of his schedule to play golf and talk like a good-old-boy with a group of Florida rednecks. Nike is cooked. The company ran off the American base turning LeBron into Al Sharpton Lite. Memphis.

@aakashgupta It went woke

Nike wiped out $200B+ in market cap since November 2021. And the chart actually understates how bad it is. This company made one bet that destroyed everything: the direct-to-consumer pivot. During COVID, Nike's online sales surged, and management convinced themselves the stay-at-home economy was permanent. They pulled product from Foot Locker, Dick's, and thousands of wholesale partners to push buyers through Nike.com and Nike stores. That ceded physical shelf space to On Running, Hoka, New Balance, and every competitor happy to fill the void. By the time Nike brought Elliott Hill in as CEO, customers had already moved on. The China numbers are staggering. Seven straight quarters of declining revenue. Greater China sales dropped 17% last quarter. Next quarter Nike expects a 20% plunge. Meanwhile Lululemon is posting double-digit growth in the same market. Anta and Li-Ning are eating Nike's share from below. Nike's China revenue contribution fell from 18.6% in 2021 to 14.2% in 2025. Yesterday Goldman Sachs, JPMorgan, and Bank of America all downgraded the stock on the same day. Net income fell 35% year over year. Gross margin has declined for seven consecutive quarters. And the stock still trades at 38x forward earnings, a premium over the S&P 500 average of 22x. This is what a slow-motion brand collapse looks like with a luxury multiple attached to it. The turnaround keeps getting pushed further out. Management promised growth by early 2027. Wall Street priced that in. Now it's late 2027 at best. The scariest part: Nike is still the #1 sportswear company by market cap. If this is what #1 looks like, the rest of the industry is running a different race entirely.

@elonmusk Fuck tha place

Inevitable

@ElectionWiz Does she really though? Or is she just appealing to a specific demographic?

DISTURBING: Gavin Newsom’s wife on how she raises her son: “I've given our boys dolls… if I'm reading a book and the protagonist is a male, I just change the 'he' to a 'she.'”

@terrakei07 California is beautiful and the weather is the best… we hate the state politicians. They are Hypocrites.

嫌味とかではなく本当に素朴な疑問なんだけど、アメリカ人の皆さんはなんでそこまでカリフォルニアを嫌っているんですか？

@unusual_whales The government can tax everyone 100% and nothing will be fixed. Because the government doesn’t have a tax-collecting problem—it has a spending problem.

Murray: Is it true that people making under $184k pay a 12.4% Social Security tax rate? Dahl: Yes Murray: And the rate for someone making $1 million? Dahl: 2.2% Murray: So, a 12.4% tax for people making less than $184k, but 2.2% for a millionaire or .0002% for billionaires.

@LeftCoast415 @TheChowDyeLo @TiffanyFong Na u stupid

@TheChowDyeLo @TiffanyFong You don’t care about life you just hate black lives. Go away from me **blocked

The man who killed 84-year-old Thai “Grandpa Vicha” in San Francisco in 2021 just had his 8-year sentence suspended by Judge Linda Colfax and will be released on probation. The judge cited his “traumatic” childhood and said prison would have a “poor impact” on him.

@BullNakedCrypto How do you make Billions in a bear market? Lol

@nicebloom42 Never heard of a proxie huh

The corruption was so damn high Bro made billions and now he's out before he's investigated

@Ric_RTP Sounds like a politician (Lefty)

This AI whistleblower just EXPOSED Sam Altman for manipulating his way into becoming OpenAI’s CEO. Everyone who helped him build it has left because they felt used. Karen Hao interviewed 300 people including 90 current and former OpenAI employees. And she just told Steven Bartlett what she discovered: In 2015, Altman needed Elon Musk to co-found OpenAI. Problem was, Musk was obsessed with AI as an existential threat. So Altman wrote a blog post calling AI "probably the greatest threat to the continued existence of humanity." Before that blog post? Altman's biggest fear was engineered viruses. Not AI. He literally rewrote his worldview overnight to mirror Musk's language word for word. Musk bought in. Donated millions. Co-founded the company. Then Altman stabbed him in the back. When OpenAI needed a CEO for its new for-profit arm, the co-founders Ilia Sutskever and Greg Brockman initially chose Musk. Altman went directly to Brockman, a personal friend, and said: "Do we really want someone this erratic and unpredictable to control a technology that could be super powerful?" Brockman flipped. Then convinced Ilia to flip. Musk found out he wasn't getting the role and left. That's how the biggest rivalry in tech actually started. Not over ideology... Over a backroom power play. But here's where it gets darker: Every single person who built OpenAI alongside Altman eventually felt the same thing Musk felt. Used. Manipulated. Discarded. Dario Amodei, VP of Research, thought Altman shared his vision. Over time he realized Altman was on "exactly the opposite page" and had used his intelligence to build things he fundamentally disagreed with. He left and founded Anthropic. Ilia Sutskever, co-founder and chief scientist, tried to get Altman fired. He told colleagues: "I don't think Sam is the guy who should have the finger on the button for AGI." He was pushed outounded Safe Super Intelligence. That name alone tells you everything. Mira Murati, CTO, left and started Thinking Machines Lab. No other tech company in history has had every single co-builder leave and start a direct competitor. Not Google. Not Meta. Not Apple. NOBODY. 300 interviews exposed one consistent pattern: If you align with Altman's vision, you think he's the Steve Jobs of AI. If you don't, you feel like you were manipulated by someone who will say whatever is needed to whoever is listening. When talking to Congress? AGI will cure cancer and solve poverty. When talking to consumers? It's the best digital assistant you'll ever have. When talking to Microsoft? AGI is a system that generates $100 billion in revenue. Three completely different definitions of the same technology sold to three completely different audiences. And if you publicly disagree with any of it? OpenAI subpoenaed 7 nonprofit organizations that criticized them. Sent a sheriff to a 29yo nonprofit lawyer's door during dinner demanding every text, email, and document he'd ever sent about OpenAI. A one-man watchdog nonprofit got papers demanding all communications with anyone who questioned the company. OpenAI's own head of mission alignment publicly said "this doesn't seem great." That's the guy whose literal job is making sure OpenAI BENEFITS humanity. Former employees who spoke up about secret non-disparagement clauses that threatened to strip their equity described the psychological pressure as "crushing." This is the company that tells us it's building technology "for the benefit of humanity." Same company that mirrors whatever language gets them funded. Same company where every builder eventually walks away feeling deceived. Same company sending law enforcement to silence critics. The biggest AI company on Earth wasn't built on technology. It was built on one man's ability to tell everyone exactly what they needed to hear. And the scariest part is that it worked.