IS BITTENSOR A DICTATORSHIP? 🎭 $TAO CRASHES 23% AS BIGGEST BUILDER QUITS!
The $TAO dream just hit a wall of reality. 🛑 While everyone was busy celebrating the 100% rally, the foundation was crumbling from the inside.
The "Rage-Quit" that wiped $900M:
Covenant AI—the team behind the model endorsed by NVIDIA’s CEO—just walked away. Their reason? "Decentralization Theater."
The Shocking Accusations against Founder Jacob Steeves:
❌ Dictatorship: Running the network with an iron fist.
❌ Manipulation: Cutting emissions as "punishment" for subnets.
❌ Dumping: Selling tokens to manipulate price action.
The Fallout:
Covenant AI's founder dumped 37,000+ TAO on his way out. Price tanked from $341 to $248 in hours. Trust is shattered, and $9.2M in longs were liquidated. 📉
The Million Dollar Question: If the smartest builders call the project a "lie," is there any coming back?
👇 Are you EXITING your position or is this the ultimate "Buy the Dip" opportunity? Let’s fight it out in the comments!
#TAO #Bittensor #CryptoDrama #Write2Earn #NvidiaAI