₿rambo

Crypto | $TAO | Trade 📈 | Politics 🧐 | Dutch 🇱🇺 | Follow back 🙋🏻‍♂️

[₿rambo @bram_mohlmann]

@tomvangrieken @m_staveren86878 Lul niet zo dom! Zo corrupt als wat! Weg met dat tuig! 👋🏻👋🏻

[Jesus Martinez @JesusMartinez]

Sam Dare just dumped 37,000 TAO on his own subnet holders.

Roughly $10 million. In two clips. After publicly accusing Bittensor of being centralized.

Then he walked.

This is the Covenant AI exit nobody is telling you the full story about.

The setup.

Sam Dare runs Covenant AI. They operated three subnets on Bittensor. Templar (SN3), Basilica (SN39), Grail (SN81).

Templar was the crown jewel. The team behind Covenant 72B. The model Jensen Huang shouted out on All-In. The reason TAO ran 90% in March.

Yesterday Sam posted a long thread accusing Bittensor founder Const of "decentralization theatre."

Hours later he sold his bags.

The allegations.

• Const suspended emissions to Covenant's subnets
• Const removed Sam's moderation rights over his own community
• Const deprecated Covenant's subnet infrastructure
• Const dumped TAO at strategic moments to apply economic pressure
• A three-person multisig that's actually controlled by one guy

Sounds damning. Until you read Const's response.

Const's actual response.

• "I do not have the ability to suspend emissions." He sold 1% of his alpha holdings on three Covenant subnets that were on near-100% burn code. Same buy/sell rights every TAO holder has.
• He didn't remove Sam as a Discord mod. He gave Sam a temporary timeout for deleting honest criticism from his own community channel. Mod role was reinstated.
• "Deprecating infrastructure." Const doesn't even know what that means.
• Less than 1% of what Const had personally invested in Sam's teams. Visibility is impossible to avoid in his position.

Const previously gave Sam a 2,000 TAO bonus and invested thousands of TAO into his subnets.

Const's "dump" was around 200 TAO.

Sam's dump was 37,000+ TAO.

The rug.

That's $10 million pulled from holders who believed in the Covenant 72B story.

Subnet holders are catastrophically down. The "noble dev exposing the evil founder" framing falls apart the second you check the wallet.

What Const is actually building next.

Const answered a DM from @TaoOutsider right after the exit. He sounded calm. Called it a "spring forward moment."

Here are some suggestions @0xSammy gave for TAO:

• Lock-based subnet ownership. Subnet ownership tied to a team's long-term economic commitment.
• Vesting schedules visible onchain so investors see unlocks in advance.
• Founders won't be able to sell emissions as they receive them.
• Exit cool-down periods so leaving teams can't dump 100% at once.
• Headless subnet architecture so no single team can pull the plug.
• Protocol-level IP retention so models trained on Bittensor compute stay with the network.
• Onchain revenue sharing flowing back to alpha holders.

These are the changes Bittensor needs right now. I hope this $10M rug will force these changes to happen sooner, rather than later.

The contrarian take.

Most people are watching this and concluding Bittensor is broken.

I'm watching this and concluding Bittensor is finally maturing.

Const built the team. Const funded it. Const did most of the research on Templar. Sam was the face. The compute, the emissions, the incentive design that made Covenant 72B possible. None of it leaves with him.

Someone else can take that model and build a bigger run on the same network.

The subnets to watch right now per Stillcore Capital's Mark Jeffrey:

• SN64 Chutes. Inference at 1/6th the cost of competitors.
• SN62 Ridges. AI coding assistance beating Claude and Cursor on SWE-bench at 1/770th the cost.
• SN4 Targon. $42M valuation.
• SN9 IOTA. Decentralized training infrastructure.

(Also SN50, 68, 65, 44, 18, 85, 17, 48, 93, 54)

The TAO bull thesis didn't need Sam Dare. It needed proof that builders can build on permissionless infrastructure.

Covenant 72B was that proof.

It still exists. The network that made it possible still exists.

Sam left. The thesis didn't.

[₿rambo @bram_mohlmann]

@covenant_ai This is straight-up weak!

You rode the ecosystem for growth and credibility, then bailed the moment it didn’t suit you — throwing shade on the way out.

If you actually stood for decentralization, you’d stay and fix it. Not flip the narrative after benefiting from it.

[₿rambo @bram_mohlmann]

@cryptoshenron92 @Bitcoin_Dani Sinds wanneer is AI useless? 🦉

[₿rambo @bram_mohlmann]

@Bitcoin_Dani Strafbaar maken zoiets!

[₿rambo @bram_mohlmann]

@DrocksAlex2 🤨

[Altcoin Daily @AltcoinDaily]

Jason Calacanis: "That's my base case. I think $TAO in 5-10 years could go 200x."

[₿rambo @bram_mohlmann]

@WatcherGuru That's why you need to be in $TAO right now 🤓

[₿rambo @bram_mohlmann]

@mscommunicate_ @WatcherGuru 🤣

[Watcher.Guru @WatcherGuru]

Bitcoin Price on Easter 🐣

2012: $5
2013: $93
2014: $500
2015: $255
2016: $418
2017: $1,195
2018: $6,850
2019: $5,325
2020: $7,050
2021: $58,000
2022: $40,000
2023: $28,500
2024: $70,000
2025: $84,500
2026: $67,000

[₿rambo @bram_mohlmann]

@WatcherGuru 🤣

[₿rambo @bram_mohlmann]

#NieuweProfielfoto #Tao $Tao

[Michaël van de Poppe @CryptoMichNL]

There we go!

$TAO breaks upwards and hits $330+.

Again, it's quite clear that it's time for AI <> #Crypto.

Happy to sustain 75% in the position and I think it's buy the dip season.

Next area of potential resistance; $450-500.

[Trade4ddict @Trade4ddict]

AI coins are outperforming, and $TAO is on top

We are finally above $300 resistance, and a clean close above will be a strong bull continuation signal. Maybe after a little pullback, we can aim for the $540 top

For sure, we need $BTC to at least consolidate to make this happen

[Michaël van de Poppe @CryptoMichNL]

A fascinating move of $TAO.

It's just getting started and it's clearly making a new high here.

What does that tell?

We're in a bull trend for Bittensor and there's only one strategy: buy the dip on the ones that are coming.

I don't see why this doesn't run to $500+ in the coming period, and happily having this as one of my anchors of my #Altcoin portfolio.

[nordin.eth @nordin_eth]

This is huge.

$TAO is now part of the conversation between @chamath and @NVIDIA CEO Jensen Huang.

Read that again.

Credit: @theallinpod

[₿rambo @bram_mohlmann]

🤔

[₿rambo @bram_mohlmann]

@P0eMPieDinges In een rechtsstaat dienen religie en overheid strikt van elkaar gescheiden te blijven! 🤦🏻‍♂️

[₿rambo @bram_mohlmann]

@Symphony_res Heerlijk hier in #Wildervank 🧑‍🌾🏞️🤗

[Trade4ddict @Trade4ddict]

$TAO is outperforming right now

We just printed the first higher high again above $215 resistance. If we close above today, we have got a good chance to visit the $300 top in the next step, maybe after a little pull back

Would be a great chance for a long position