Paijo

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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

HyperCore is getting priority fees soon! This will allow MMs to pay their way (in HYPE) for priority to make up for inferior infra. The fees would be worth watching during the next volatility event since that is when this would get utilized heavily. hyperliquid.gitbook.io/hyperliquid-do…

I strongly believe there is a meaningful pool of latent demand for the $HYPE token that remains sidelined for now, but will gradually come off the sidelines over the course of the year: - New $HYPE buyers waiting for entries who may not have liked the original thesis, but are now sold on HIP-3 - TradFi shops who are paying close attention to Hyperliquid, but are still slow to discover the token - “Sophisticated Retail” investors who focus mainly on stocks but are on fintwit and reddit and read Citrini. - Liquid / venture funds who have bags but have yet to size *convincingly* and adopt a multi-year view - Ppl who have yet to realize that Hyperliquid will also be one of the largest prediction markets - Hyperliquid Strategies These forces should be driving a sustainable bid throughout the year while the short term traders do their thing. The reason some of you may think this is overowned is cause CT is very loud about it. CT is like a few hundred thousand real people. There’s a whole world outside of CT and crypto liquid funds and this is probably the only new token that will appeal to them. Also no one I’ve spoken to outside of crypto thinks this should be valued with a median S&P multiple given the potential growth profile lmao. Hilarious that we are midcurving the one killer onchain business the industry has managed to put out.

3rd entry for @doodles an emotion engine built on the idea that even the most unpredictable inputs can still create movement 🌈

2nd entry for @doodles a juice machine 🧃 simple by idea, but powered by many small actions inside. because sometimes, the best things come from mixing different pieces together.

1st entry for @doodles music generator machine where every doodle becomes part of the system, jumping on keys, spinning gears, and turning movement into sound 🎶

@zerdinalsFDT t1fVWJDqvf2g4iZYjxLbqiwbo31SaFf4gZG

We are opening Whitelist for First zerdinals foundation NFTs collection mint We are allowing only 1,000 slots, How to join ? - Follow @zerdinalsFDT - Like and retweet - Share wallet address from zerdinals.com/wallet

hyper-gambling is dead adapt or slowly lose everything prepare yourself for every outcome alt-season in my cards is very likely but there is a chance it doesn’t happen if you’re not ready for this, it’s your fault

had a rough august, practicing some new rules with my trading for september lets cook 🤓🧑‍🍳

ive found that being too early to investments is often a very difficult place to be in can have the right thesis for a long time but if it's unpopular at the time can take awhile for late capital & price action to confirm whether you're right or not

you need to balance out your sunlight with moonlight

starting to think we're not all gonna make it

humble enough to know I could lose it all, persistent enough to know I’d make it all back.

at this point we have more infofi products than we have onchain participants

the great lock in.