Digital Assets Bulletin

Independant crypto/AI research & curation. Not affiliated.

[Barbie True Blue @Pop_Collapse]

From Const this morning. Great news IMO. bittensor:native

"Hello @everyone in the Bittensor family.

Public service announcement: Starting next week we will be introducing an interim measure to block emissions on Bittensor subnets which are engaging in active foul play and or with no clear path to adding value into the Bittensor ecosystem.

This will need to be done on a case-by-case basis, however the criteria for blocked emissions will revolve around the following:
1) Long-term burning of 100% miner emissions with no plan from the team to bring them online.
2) Active self-mining i.e. subnets that do not have code and instead use stake weight to pass emissions to their own keys.
3) Dead or fully abandoned subnets, or those that have not announced themselves i.e. "unclaimed" subnets.
4) Subnets engaged in TaoFlow exploitation, such as 104, which have very little to no chain activity from the network at large. A chain operation to block emission will be available on Tuesday to carry this out. Note this not a long term solution, as further protocol upgrades such as conviction, shorting, and the eventual full decentralized governance system of Bittensor will be coming into play this year -- these methods will allow much more organic and swarm based intelligence to organize Bittensor's emission vector.

In the near term, I believe that there is broad support and consensus for this activity as it will drive more value towards subnets on Bittensor (you know who you are) that are pushing forward a decentralized vision for artificial intelligence.

Thank you everyone Much love
- Const"

[Digital Assets Bulletin @DigitalAssetsB]

@jerallaire Well designed but still quite far from an institutional investment memo

[Mark Jeffrey @markjeffrey]

Agents and humans now have a 'front door' to all the products made by Bittensor subnets:

https://t.co/WNsESay169

[Andy @andyyy]

Wow, KelpDAO comes out and says:

> 2 of LayerZero’s RPCs were hacked
> it was LayerZero internal compromise that led to the exploit
> they took fast action to prevent another $75m vulnerability
> the 1/1 DVN was the suggested setup from LayerZero & even after they asked further about it during the transition to L2s, it was kept the same
> blames LZ for the setup

My goodness. Absolutely no one taking any responsibility and no real detail on the loss socialization for Aave users still.

I think we are all underestimating how long the WETH & stablecoin pools may be frozen.

[nordin.eth @nordin_eth]

The founder of $TAO just declared war on big AI

"we repeatedly beat sota (state of the art)…we actually solve problems better than anybody else in the world"

decentralized beats centralized. every time. $TAO

CC: @ParisBlockWeek

[Victor VL @VictorVL_EN]

The boss @const_reborn is speaking with @Bpifrance at @ParisBlockWeek

Long live Bittensor

[Victor VL @VictorVL_EN]

This is simply the biggest subnet partnership announcement in Bittensor’s history

Score has scored

$TAO

[Jesus Martinez @JesusMartinez]

A 364,000 person consulting firm just plugged itself into a Bittensor subnet.

The press release names the blockchain by name. Twice.

Crypto Twitter has not noticed.

PwC France and Maghreb formed an alliance with Manako Labs.

Big 4 firm. 7,000 employees in region. Part of a global network of 364,000 people across 136 countries.

Manako builds the Business Operations World Model.

It runs on Score.

Score is Subnet 44 on Bittensor.

The numbers:

• PwC France and Maghreb: 7,000 employees

• PwC global network: 364,000 people, 136 countries

• Manako: turns enterprise camera feeds into real-time triggered actions

• Powered by Score, Subnet 44 on Bittensor

• Alliance targets retail, logistics, manufacturing, energy, infrastructure

This is not a pilot.

Not a proof of concept.

PwC is integrating Manako into its AI advisory practice and selling it to enterprise clients.

Every Fortune-scale company PwC France touches is now a potential Score deployment.

The subnet does not have to do its own enterprise sales anymore.

The quote that matters.

Jean-Thomas Ledore. Strategy Partner. PwC France and Maghreb.

On the record:

"By partnering with Manako and leveraging Score decentralized Ai infrastructure on Bittensor blockchain, we enable our clients to move faster beyond observation and experimentation."

Big 4 strategy partners do not name-check L1s casually.

That sentence took weeks of legal review.

The setup nobody is pricing in:

• 1 billion cameras in the world

• 21 billion connected sensors

• Most of it recorded, none of it acted on

• Manako turns those feeds into lockdowns, dispatches, audit reports, workflow automations

• PwC sells the deployment

• Score does the compute

• TAO secures the network

For 18 months people have asked the same question.

Do Bittensor subnets generate real revenue. Or are they just emissions farms.

This is the answer.

A subnet productized into a deployable enterprise tool. Sold through Big 4 channels. To the largest companies in the world.

TAO is down. Subnet narrative is dead. Crypto Twitter moved on.

Meanwhile a 364,000 person consulting firm is quietly building an advisory practice on top of Subnet 44.

Pay attention.

[Digital Assets Bulletin @DigitalAssetsB]

@StalkHQ Ai generated noise, dig more next time :)

[Digital Assets Bulletin @DigitalAssetsB]

Just used it, pretty awesome tech

[Mentat Minds @mentatminds]

The world when Hyperliquid and Bittensor are finally linked.

[Digital Assets Bulletin @DigitalAssetsB]

@TAOTemplar @sergak0 @covenant_ai @ai_detection Good idea

[Sergey Volnov @sergak0]

Lol, the article from @covenant_ai was fully AI-generated. Just scanned it with @ai_detection.

Pov: you rugged the community on millions $ and as an explanation just generated some AI slop.

Sad to see such things happens to the bittensor, but long-term I think they're good for the ecosystem evolving and further growth.

[const @const_reborn]

Btw i should address some of the points in the article which AI slop influencers are now repeating.

> I suspended emissions to his subnets

I do not have the ability to suspend emissions. What i did do is sell some of my alpha holdings on his three subnets, because they were not running, and were on near 100% burn code. This changed the emission the same way all buys and sells on Bittensor do. I don’t have any privilege beyond what normal TAO holders have.

> I deprecated Covenant’s channels and removed moderation rights

No, Samuel specifically deprecated his own channels which he did via a pinned comment and also a Twitter post. To be clear, he is talking about a discord channel.

> I removed his ability to moderate his community

Sam was deleting posts in his channel of genuine, honest criticism. I removed that ability temporarily and then reinstated it later. I did not remove his moderator role. I simply stopped him from deleting posts from others in his channels.

> “deprecating infrastructure”
Not even sure what this one means.

> large visible token sales
Not large. Less than 1% of what i had invested in his teams. Visibility is impossible to avoid in my position. I reserve my right to buy and sell tokens which is what underpins the entire system of dTao.

Anything else?

[Max @MaxScore]

https://t.co/tymNYtZdEe

[Will Squires @WSquires]

@const_reborn funded @tplr_ai, paid for their first website, wrote their first incentive, and hired their first team members.

Knowing both parties, I can assure you it is not @DistStateAndMe who is the wronged party here.

Disappointing how money corrupts people.

[𝗗𝗥𝗘𝗔𝗗 𝗕𝗢𝗡𝗚𝗢 @DreadBong0]

A few more points here..

⚫️ Templar founder extracted 37,000 $TAO worth of alpha tokens from his 3 subnets..

So it is only logical those 37k $TAO will be dumped on the market for max extraction

Also the possibility shorting was in place before the announcement was made/alpha was dumped

⚫️ To everyone who invested in any of those 3 subnets

When you invest in a subnet.. even though you are backing a team, you are effectively investing in the subnet slot itself

Subnet 3 will persist.. Templar will not

Which means alpha holders on subnet 3 still have their tokens.. and if a new team comes along with a killer idea and revives the slot (As is being planned, led by @const_reborn) then token holders of SN3 will also see price recovery

⚫️ Sam claims @const_reborn tried to "ruin him" by selling 200t on his own alpha

Const buys and sells alpha tokens all the time.. his subnet was no different but you don't see all the other subnet owners nuking their subnets into the ground

He also helped Sam build Templar and donated startup funds..

"Const did everything for Sam. He built the first versions of both grail and Templar for him and then gave him those subnets. He found developers for him to work on the subnets. He donated him $Tao and gave him startup funds and the owner key for free to Templar. He supported him the whole way. I remember Const gave Sam a 2000 Tao bonus for Christmas one year. Then the one time Sam doesn’t like something that happens (Const sell like 5% of his tokens) he crashes out, rugs all his investors, spreads fake news across socials, acts incredibly immature by leaving all groups, and you say this is Const’s fault??? What an insane interpretation of events. This is nobody’s fault except Sam."

⚫️ Templar news and achievements had reached the very top of the AI industry.. large influential figures were praising the subnets success

For this to happen now.. it will for sure have some deep knock on effects that will take some time to recover

⚫️ Changes will be made on #Bittensor to mitigate this happening in the future..

"The outcome of this eventful evening is that #Bittensor will invent lock-based subnet ownership -- specifically: ownership of a subnet determined by a team's long term economic commitment to the project." @const_reborn

⚫️ Lastly.. #Bittensor is a large, permissionless network that is growing fast every single day

There's always going to be bumps in the road along the way.. but its how the network and its participants respond in such tough times

Things will recover and this will barely register on the overall journey of #bittensor

$TAO

[Digital Assets Bulletin @DigitalAssetsB]

Excellent stress test for $TAO : someone rugs, the ecosystem is still vibrant

[const @const_reborn]

Btw i should address some of the points in the article which AI slop influencers are now repeating.

> I suspended emissions to his subnets

I do not have the ability to suspend emissions. What i did do is sell some of my alpha holdings on his three subnets, because they were not running, and were on near 100% burn code. This changed the emission the same way all buys and sells on Bittensor do. I don’t have any privilege beyond what normal TAO holders have.

> I deprecated Covenant’s channels and removed moderation rights

No, Samuel specifically deprecated his own channels which he did via a pinned comment and also a Twitter post. To be clear, he is talking about a discord channel.

> I removed his ability to moderate his community

Sam was deleting posts in his channel of genuine, honest criticism. I removed that ability temporarily and then reinstated it later. I did not remove his moderator role. I simply stopped him from deleting posts from others in his channels.

> “deprecating infrastructure”
Not even sure what this one means.

> large visible token sales
Not large. Less than 1% of what i had invested in his teams. Visibility is impossible to avoid in my position. I reserve my right to buy and sell tokens which is what underpins the entire system of dTao.

Anything else?

[Victor VL @VictorVL_FR]

C'est big ça, on peut maintenant acheter du $TAO directement depuis @HyperliquidX, et donc sans avoir à passer par un CEX

@mentatminds a créé un bridge entre Bittensor et Hyperliquid grâce à la tech de LayerZero

J'ai pas encore testé mais ça va peut-être aussi faire plaisir à la commu $HYPE qui est une des seules crypto commus vraiment actives de cet écosystème

[Digital Assets Bulletin @DigitalAssetsB]

A new highroad for $TAO

[Mentat Minds @mentatminds]

Bridge TAO intelligence to Hyperliquid markets.

Mentat Bridge is now live 👇

https://t.co/qPTF3h8I79

[Mentat Minds @mentatminds]

Bridge TAO intelligence to Hyperliquid markets.

Mentat Bridge is now live 👇

https://t.co/qPTF3h8I79