Is the fairy tale of decentralized AI over? Why did $TAO drop 25%? Are you buying or panicking? Is decentralization mostly a myth? Covenant AI is leaving the Bittensor network. Dare himself accuses Jacob Steeves of single-handedly controlling the network, blocking emissions, and exerting economic pressure through token sales. Key reasons: Lack of real decentralization—infrastructure dependent on one person’s whims. Arbitrary decisions instead of consensus. Blocking development of Covenant subnets. The team is taking the technology and the 72B model, announcing plans to build elsewhere. The message is clear: Bittensor must become truly free, or stop pretending to be decentralized. P.S. To me, this is just a fight over money—the guy dropped his bags and moved on. Others will follow. Such is life in crypto.
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