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Bittensor's main subnet developer Covenant AI announces exit from the network @const_reborn
Covenant AI, the main subnet developer of Bittensor, announces its departure from the network, claiming that co-founder Const exercised "punitive" power over the team, which contradicts Bittensor's core principle of decentralization.
Covenant AI founder Sam Dare pointed out that "power has never left a single person's hands," and this accusation dealt a severe blow to TAO, causing its price to drop 15% within two hours.
KOL Gareth Jenkinson compared the Bittensor protocol to Bitcoin in the AI space, emphasizing that just as Bitcoin provides a decentralized monetary system, Bittensor aims to offer a decentralized foundation for critical AI systems.