Crypτachi Uchiha 🔺

Subnet Summer Incoming.

On Covenant exit from Bittensor: Bitcoin had Mt. Gox. It had the block size war that tore the community in half and produced an actual hard fork... Ethereum had The DAO hack, a chain rollback that critics still call a betrayal of immutability... Every one of those moments was framed at the time as the end of the experiment. None of them brought down the thriving ecosystem at its inflection point. Decentralized networks do not arrive finished. They get assembled in public, under load, with real money on the line and real people disagreeing about what the thing is supposed to be. The plane gets built while it is flying, and sometimes turbulence hits hard enough and the crew has to keep welding through it. Bittensor is in that phase right now. Covenant leaving is a stress test. One team left loudly and the protocol kept running. The other subnets kept running. Blocks kept producing. Once the dust settles, what people will remember is what was already true before this week. Bittensor has traction.

Anyone saying $TAO rugged just browses headlines and shit posts. A subnet team decided to leave the ecosystem. That’s the extent of it. Teams move on and off chains all the time in crypto. Nothing new here.

I’ve been bullish on $TAO almost 2 years. 1 group leaving the ecosystem changes nothing.

Kaspa looks absolutely astonishing at these levels If the market finishes the job and pushes through its March highs, I think we get a pretty solid Q2 rally

Yonatan Sompolinsky has just set a clear deadline. Kaspa is expected to launch OP_CAT++ by mid-June true, programmable covenants directly on the UTXO basis at full BlockDAG speed. That would be a technical quantum leap. While Bitcoin has been stalling the covenant debate for years, Kaspa, as the first scalable L1, could enable true programmable digital assets and thus attract precisely the institutional assets Grayscale is currently discussing. Anyone who views KAS as merely a means of payment is missing the actual shift: from a fast currency to the first practical, decentralized asset platform.

Covenant decided to leave the TAO ecosystem, taking 8 figs in capital with them The biggest friction point to adoption here is the misalignment in subnet and network interest Very few institutions will deploy serious capital until a tangible solution is in place Here are 10 suggestions that could alleviate this problem: 1. Lock-based subnet ownership as const suggests Founders lock their tokens over multi-year schedules visible on chain. If you believe in what you're building this shouldn't be a problem. Investors get advance warning of any unlock and can reprice accordingly 2. Protocol-level IP retention. If a model is trained using Bittensor emissions and network compute the weights and outputs should be retained by the network Covenant trained a 72B param model on Bittensor resources and took it with them. That shouldn't be possible perhaps can simply be replicated by another subnet, or the same subnet taken over by someone else? 3. On chain revenue sharing Subnets generating revenue from their products should have a percentage AUTOMATICALLY flowing back to alpha holders and TAO stakers Rayon Labs already does something like this with their auto-staking buyback on SN64 (Chutes) with their inference revenue; It should be standard not optional 4. Headless subnet architecture. Remove the dependency on a single founding team entirely The subnet operates as a protocol-level commodity where anyone can contribute compute and development. No one person or team can pull the plug 5. Vesting schedules on founder emission allocation Founders shouldn't be able to sell emissions as they receive them. Vest over 12-24 months minimum so there's a structural commitment to building long term rather than farming and leaving This is somewhat entrenched with dTAO but there are loopholes to this, especially in a bull market 6. Subnet governance minimums Require subnets above a certain market cap or emission share to have multi-sig control, public roadmaps, and regular reporting to stakers Treat it like a public company once you're managing other people's capital 7. Exit penalties or cooldown periods If a founding team wants to exit they face a cooldown where their locked tokens are gradually released rather than dumped. This gives stakers time to reprice and exit before the team does 8. Insurance or protection pools funded by a small percentage of subnet emissions that pay out to alpha holders if a founding team exits or the subnet goes dark. Spreads the risk across the network 9. Portable subnet infrastructure Build the protocol so that if a team leaves the compute layer, model weights, and validation logic remain functional and can be picked up by another team or run autonomously. The subnet survives the founder 10. Reputation and track record scoring on chain Founders who have successfully run subnets long term and honoured their commitments get visible credibility scores. New subnet launches from unproven teams get flagged so stakers know the risk profile before they buy in. None of these are silver bullets on their own but stacking several of them together would go a long way toward making subnet alpha tokens actually investable and keeping value accruing to TAO rather than leaking out every time a team decides to leave I've seen my fair share of fraud in listed organisations as an auditor to know the problem comes from human error, be it "intentional" or otherwise Code is law; "trust me bro" back of the napkin handshakes won't cut it anymore Follow @TAOInstitute_ - the framework we are building will contribute to the gaps identified

Looks like the bottom has been in for a couple weeks. My last big $KAS buy for the time being. I have surpassed my $KASPA goals a while back, but with this price we can't go wrong. Keep stacking if you can. The future looks bright!

If you're selling $TAO here, I don't know what to tell you. This will blow over faster than most think. Subnet 3 is still a thing, only the team's getting replaced (and who wants a team that can rug anyways?) Alpha holders have not lost a single token. Onwards🤝 $TAO #SN3

$tao price will recover faster then you think

Other subnets should take note: "chutes team operates as a group of independent corporations with no CEO, and our funds are locked into a smart contract which pays our staking rewards to fund the team members." $TAO 👇🏾

It's going to be pretty funny in a few months when Templar is still running, and Const just slotted a new team who will likely be 10x more qualified than Sam Dare

I hope this becomes a reality.

JUST IN: Grayscale followed Kaspa founder Yonatan Sompolinsky.

@Grayscale @realvijayk arigato gozaimasu! if Kaspa army showed up here, think how they'll show up when you provide a KAS digital asset.. by mid june Kaspa OP_CAT++ Bitcoin. worth the attention _/\_

Bittensor $TAO will be just fine The ecosystem and community is better off without short-sighted bad actors who are just in it for a quick payday Buying opportunity for TAO and buying opportunity for quality subnets Or just sit on your hands and chill

it’s very important that you have a phase in your life where you risk all of your finances on a single, very large bet

Great article to read if you have a $KAS bag or are thinking about getting one ↓ It covers all the fundamental changes that the Toccata Hard Fork will bring to @kaspaunchained Good devving here 💪

Covenant leaving doesn’t weaken @bittensor, it demonstrates exactly why the network matters. Bittensor isn’t any single team or subnet. It’s an open system. The code is public, the incentives are aligned, and the work continues; with or without any one group. Within hours, the project was already moving forward. That’s resiliency. That’s antifragility. Covenant is one subnet. There are 100+ others building, experimenting, and pushing the network forward. More will break out. That’s the design. Zoom out. The signal here isn’t disruption, it’s proof. Keep building.

Those who faded $TAO at $145 coping hard over a -10% correction after over a 2x 😭🤣🤡

Hate to tell you $TAO brothers and sisters but we’ve seen it before and we will see it again. Bittensor is made of real things and real things do crazy shit sometimes