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Bittensor Co-Founder speaks out about the Covenant scandal | Update $TAO
Const has officially addressed Covenant ('s betrayal by Samuel Dare ), sending shockwaves through the #TAO community.
Key points: 👇
→ Apologizes to all holders of $TAO who lost money in the Covenant ( subnets )3, 39, 81 (
→ Believes Samuel is going through a mental health crisis and chooses not to publicly respond
→ Introduces Locked Stake: A new protocol feature in which subnet owners lock tokens for a fixed period to prove long-term commitment )Time + Stake = Faith$TAO
→ The subnets 3, 39, 81 will be restored by miners and former Covenant members, open source
→ Reiterates that Bittensor is the most decentralized AI protocol in the cryptocurrency space
“Next time, we will train 1 trillion.” - const
Why this matters:
Locked Stake could become an industry standard to prevent sudden withdrawals and measure the team’s commitment in Web3. A potential game-changer for and DeAI.
The full design will be revealed in Bittensor’s open Discord call on Thursday.