CryptoDSK

Passionate about crypto and blockchain. My opinions are personal and not an investment advice, DYOR as always.

[Crypto Avex @CryptoAvex]

Hi Justin,

Here is my detailed reply over your post on $TAO is a ponzi thread.

I read your every word.
Here’s where you are wrong.👇🏼

Claim 1: “$328M emissions vs $15M revenue = ponzi”

Bitcoin generated $0 revenue for years.
Ethereum’s early revenue didn’t justify its emissions either.
Every L1 bootstraps with inflation. That’s not a ponzi, that’s protocol growth stage.

The question is: does revenue trajectory justify the model? For $TAO, it does.

Claim 2: “Chutes costs 3.5x more than Deepseek”

Correct, today.
But Deepseek is subsidized by Chinese state capital.
Venice AI chose Bittensor ANYWAY. PwC France chose Bittensor ANYWAY.
Why would sophisticated institutions pay MORE unless they’re getting something centralized providers can’t offer?
Censorship resistance. Privacy. Unstoppable compute.

Claim 3: “Subnet owners keep 100% revenue + 18% emissions = scam”

This is literally how every startup ecosystem works. AWS builders keep their revenue too.
App Store developers keep 70%.
The emissions are venture capital in protocol form funding builders to create real products.

BIT-0011 “Conviction Mechanism” literally just addressed operator accountability.

Claim 4: “Validators taking 41% of rewards is inefficient”

Validation IS the product in a trustless network. Ethereum validators take rewards too. You want decentralization without the cost of decentralization, that’s not how cryptography works.

Claim 5: “No incentive for centralized orgs to use TAO”

PwC France. SN44. 136 countries. 6-8 months legal due diligence.
Venice AI Erik Voorhees. Subnet 4. Live right now.
TAO Institute. Institutional-grade research. Launched this week.
Grayscale ETF filing. Still active.
You wrote this critique without doing complete homework !!

The real conclusion:

Every criticism in this thread applies equally to Ethereum in 2017.
Low revenue. High inflation. Unproven utility. “Theatre.”
ETH went from $8 → $4,800.

You are not wrong about the risks.

But you are just early on the wrong side.

I am not here to fool anyone.

I am here because I have done the work.

And the work says: $TAO is early, not broken. 💎

Thank you for your attention to this matter!

Regards,
@CryptoAvex

[0xSammy @0xSammy]

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

[Andy ττ @bittingthembits]

I am not going to sugarcoat this. Last night hurt $TAO & Subnet holders

The founder of Covenant AI decided to cash out of SN3, SN39, and SN81, dumped roughly 37,000 $TAO worth of subnet Alpha on the way out, and cratered prices across the board. $TAO dropped as much as 27%. Nearly $900 million in market cap wiped. $9 million in longs liquidated. Alpha holders on those subnets got absolutely crushed.

I was one of them. I lost a significant amount from this. That is the reality and I am not going to pretend otherwise.

But I am still here. And I am still buying. Let me tell you why.

First, let me be clear about what actually happened. A subnet owner got into a disagreement with Const, got upset, and used it as an excuse to dump his bags on the people who trusted him. That is it. That is the whole story. He dressed it up as a principled stand against centralized governance but the man sold 37,000 $TAO worth of Alpha on his own community while posting a manifesto. That is a rug plain and simple.

Const responded within the hour. Publicly. On chain. With a solution.

Some people are acting like Bittensor died last night. It did not. Let me show you what actually happened in the hours after the dump.

Const proposed lock-based subnet ownership where ownership of a subnet is determined by a team's long-term economic commitment to the project. Not by who registered first. Not by who controls the keys. By who has skin in the game over time. Investors would see in advance if an owner unlocked their tokens. The market could reprice the subnet before the owner dumps. And conviction could be directed to another team or even an agent to manage the system.

If implemented, this would be the most significant governance upgrade since dTAO launched. And it came within hours. Not weeks. Not after a committee meeting. Within hours.

That is what this network does. It finds its weak spots and it fixes them. Fast.

@MacrocosmosAI posted: "Bittensor always emerges stronger from pain. Hacks, exploits, disagreements all fade into the history of this protocol. The flame of distributed training continues to burn brightly. One individual does not make a nation."

@jon_durbin from Chutes: "Chutes is and always will be a Bittensor project. Chutes is Bittensor and Bittensor is Chutes."

@MaxScore from Score: "Score is and always will be a Bittensor project. Score is Bittensor and Bittensor is Score."

Loayei: "Don't care about the drama. Will continue building $TAO."

@TroyQuasar from Quasar called it what it was. He said it was bullshit, that no one is bigger than the network, and that Quasar will take it from here.

The builders did not leave. The builders doubled down within hours. Publicly. On record.

@markjeffrey put it simply: "Bittensor is quite a LOT more than Subnet 3, and $TAO will carry on fine without it. There are 125 other subnets plus three new slots that just freed up."

Three new subnet slots just opened. While people were panic selling, builders were already eyeing the open seats.

@SiamKidd gave the most grounded take. He acknowledged the drama, acknowledged that Sam's governance concerns were not entirely wrong, but made the point that Const's motives have always been genuine. This is growth. This is what permissionless systems look like when they encounter stress. They break in specific places, they get patched, and they come back harder.

This is not the first time something like this has happened on Bittensor. It is not even the second time. Nous Research left the ecosystem before. And what happened? The network adapted, subnets evolved, and the protocol kept building. Every previous inflection point led to upgrades that made the system stronger.

Covenant-72B was real. The training was real.

Fundamentals haven’t changed:

21M hard cap, halving complete, 68% staked, nine institutional products accumulating, Grayscale ETF pending.

$TAO just went on sale at a 27% discount.

Builders keep building.

I’m buying this dip.

$TAO

[CryptoDSK @CryptoDsk]

@EvanLuthra 💙

[CryptoDSK @CryptoDsk]

@EvanLuthra 💙

[Erik @ero_crypto]

⚠️ Reality Check for Crypto – Read Carefully

Dear members and crypto community,

I’ve nailed multiple tops and bottoms — from the bear market bottom all the way to the top.

I publicly warned about the Bitcoin top when most were calling for $150K–$200K–$250K.

Now I’m saying something again that many won’t like:

👉 The market is not where you think it is.

📉 Levels most people don’t expect:

◾BTC: $20K–$24K is not just possible — it’s coded

◾ETH: Sub-$800 is coded

◾Altcoins: New lows are coded

And if BTC loses $15K:

👉 $12K → $8K → $3K becomes realistic📉 Levels most people don’t expect:

Sounds crazy?

It always does… until it happens.

🧠 What changed my bias?

When BTC hit $126K, I called the top, target I shared a few weeks and months ago — a blow-off top scenario/my exit plan and pink scenario/ I had shared 2 years in advance.

At that time, I was still bullish on altcoins.

I expected capital rotation from BTC → to some alts./ Highly selective altseason/

But then:

◾Altcoins lost key levels
◾MMSM got activated
◾#TOTAL2 lost HTF key POI zone

That’s when I understood:

❌ Rotation is NOT happening

👉 I flipped bullish → bearish

Not only on BTC — but on ETH and the entire altcoin market and since december 2025 I started posting bearish charts.

Because it became clear:

👉 Altcoins had already topped.

🚨 Hard truth most don’t want to hear:

◾There is NO altseason
◾And very high probability it won’t happen.

Why?

👉 BTC & ETH pumped mainly due to ETF-driven flows

👉 Institutions are not rotating into altcoins — unregulated ones.

And MM won’t pump old altcoins knowing:

◾There are many holders who bought at higher prices
◾Many have been accumulating during the bear market

👉 That creates constant sell pressure on every move up.

📉 That’s why the play was different:

◾First, they dumped altcoins below bear market lows

👉 to trigger capitulation and shake out liquidity

Then:

👉 They pump them x5–x8

But that move?

👉 That’s the top.

So waiting blindly for altseason =
👉 Dead time + dead capital

💀 The uncomfortable reality:

Most altcoins?

👉 Dead money.

As I said 2 years ago, I repeat now:

👉 This cycle won’t just hurt beginners…

👉 It will hurt even OGs

Because many are still expecting:
x20
x30
x50

👉 That phase is over.

📊 About the “pumps” you’ll still see:

Yes, a few altcoins will go parabolic.

But not because of a bull market or altseason.

👉 Because of smart money & large players

◾Pump → attract attention
◾Dump → exit liquidity

And unless you have insider-level understanding…

👉 You won’t catch these moves/like $RIVER, $PIPPIN, $SIREN etc.

📉 My current view:

◾Altcoins = long-term bear market
Altseason = not even close/ most of altcoins chart looks ugly. Nothing bullish there.

Market needs major structural recovery

For example:

👉 TOTAL2 must reclaim the key level it lost and break its ATH to see #Altseason.

But instead…

👉 I see new lows ahead for BTC ETH TOTAL2/alts/.

🎯 My goal is simple:

◾Not to scare you.
◾Not to argue.
◾ Don’t post unrealistic ideas, narratives and charts that don’t reflect market reality.

👉 To protect you.

I don’t want:

◾Bitcoin to hurt you
◾Altcoins to destroy your portfolio

Trade reality — not hope.

Because in this market…

👉 Hope is the most expensive position you can hold.

[Erik @ero_crypto]

Dear community,

this idea does not mean #BITCOIN will dump straight to 38-40> 28–30K, even 22–24K immediately.
It’s highly likely we’ll first see a strong bounce from the 54–58K area toward 80–81K or even 83–84K, followed by a continuation lower.
I’ll keep you updated. First, let the price reach my POI zones, and based on the price action there, I’ll publish a new TA.

[Erik @ero_crypto]

From the bull market bottom, I called every major bottom correctly. After 125–126K, I shared multiple blow-off top warnings.
Remember who alerted you weeks and months in advance — when most didn’t expect it.

[Ansem @blknoiz06]

avici mode

[Donnie @Donnie100x]

We all saw crypto cards come and go.

Most ride hype, burn incentives, and vanish the moment emissions stop.

But every now and then, something shows up with real product DNA: a clear thesis, early traction, and architecture that actually scales.

That’s what makes $AVICI | @AviciMoney worth watching 👇

1. 𝐒𝐩𝐞𝐧𝐝 𝐖𝐢𝐭𝐡𝐨𝐮𝐭 𝐒𝐞𝐥𝐥𝐢𝐧𝐠
The core utility is simple but powerful: Hold crypto, get cash. Spend via credit.

Avici gives users a secured Visa line that mirrors their on-chain holdings, replacing liquidation and selling pressure with smooth TradFi UX, backed by self-custody.

Create custom cards for groceries, flights, subscriptions... even top it up in two minutes with native smart contract routing.

If you try it, seems like the front-end feels like Revolut, but the backend is unmistakably on-chain.

2. 𝐓𝐡𝐞 𝐏𝐞𝐨𝐩𝐥𝐞´𝐬 𝐁𝐚𝐧𝐤
Most projects chasing the “People’s Bank” narrative fall apart at first contact with usability. Avici doesn’t.

@CryptoKaduna called it early and he was right to. Avici is building a financial primitive that’s not extractive and people can actually use.

Tools that finally move capital with dignity and efficiency instead of being full of fees (gas, hidden or whatever) and frictions.

You try it once and you stop using anything else to spend your crypto.

That’s the virtuous feedback loop.

3. 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐀𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭
The most underappreciated aspect of Avici is probably the structure behind it.

Team tokens unlock only at concrete milestones:
→ $100M
→ $1B
→ $5B

Even then, they’re locked until 2029.

@Cryptoaeon put it best: this is how you align incentives between teams and token holders.

Long-term conviction written directly into the vesting schedule. That’s rare.

4. 𝐀𝐧 𝐄𝐚𝐫𝐥𝐲 𝐑𝐞𝐯𝐨𝐥𝐮𝐭 𝐖𝐢𝐭𝐡 𝐂𝐫𝐲𝐩𝐭𝐨 𝐑𝐚𝐢𝐥𝐬 ?!
@MoneyLord dropped a bomb with that take... and the more you look, the more it tracks.

→ Revolut started with FX + spending
→ Added equity, crypto, credit
→ Built a UX layer over fractured finance

Avici is starting from crypto-first, plugging into the same TradFi layer, but giving users full custody, smart routing, and on-chain transparency from day one.

Revolut now sits at $75B.
Avici? Around $35M.

5. 𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐀𝐡𝐞𝐚𝐝: 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞𝐬 & 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞𝐬
More than card company, this is a settlement layer for on-chain identity, spending, and credit.

The roadmap includes on-chain credit scoring and even crypto-native mortgages: a first-of-its-kind leap into real-world DeFi.

If they land it, we’re talking about the first full-stack consumer crypto bank with actual product velocity.

It looks early now. But the design speaks to late-stage discipline.

Question is: if you missed Revolut… are you gonna miss this one too?

[MoonPay 🟣 @moonpay]

BREAKING: @AviciMoney now offers 🇺🇸 and 🇪🇺 Named Virtual Accounts powered by @moonpay & @iron

1️⃣ Claim your own named account in the Avici app

2️⃣ Fund fast via SEPA Instant, ACH, Wire, and Direct Deposit

3️⃣ Take full self-custodial control of your money

Live now 🚀

[Avici @AviciMoney]

$6M in total card spend. Thankful for every one of you.🖤

https://t.co/Kl9Ye7YvGp

[Karamata_ 💎 @Karamata2_2]

🔥 Daily volumes are increasing parabolically, while $AVICI ’s price chart has been moving sideways in accumulation near the bottom for nearly three weeks.

- $AVICI ’s MACD program is signaling the end of the downtrend -> transition into accumulation -> preparation for a technical rebound -> momentum for the next bullish rotation.

- OBV is stabilizing.

- Major horizontal support is holding around the 2.5–2.8 zone.

The lack of market liquidity has impacted investor sentiment, but spending via the $AVICI card has become an essential part of users’ daily activity.
Revolut’s mcap is $75B, while $AVICI’s current mcap is $36M.

A new rally is ready to unfold at any time from the current bottom zone.

[CryptoDoc @ElCryptoDoc]

Everything is down, yet $AVICI is up 29%. Study why.

This is a perfect example of smart money taking advantage of oversold conditions.

Identifying and positioning into winners should be the main priority RN.

Because eventually the markets will heat up again, and winners like @AviciMoney will outperform!

[CryptoDSK @CryptoDsk]

@gem_insider $AVICI - great utility / use case, 100% owned by holders (MetaDAO project). Coded for billions imo.

[Decentralize Or Die @DecentrlizOrDie]

$AVICI is an early stage fintech company larping as a crypto coin.

Dont get confused by the wrapper and dont treat it like one.

Study early fintech for clarity ( I've written comps about this- read post below)

[MoneyLord @MoneyLord]

Avici trades like a stock

Peoples bank

Decoupled from the market

There is a reason for that

Metadao made a way to launch a token at fair fdv for people

Where people win, not VC, not Kols, but PEOPLE

Then you add a top-notch product on top of it, a dev that overdelivers, a product that is getting insane adoption

Billions for AVICI