Haotian|Apr 10, 2026 03:09
It's really a bit outrageous! In March, TAO was praised by Nvidia CEO Huang Renxun and doubled, because its decentralized subnet trained the Covenant-72B model. It was only a long time ago that Sam Dare, the founder of @ covenant_ai, pushed down the "memorial archway" set up by himself with an open letter.
How should we view this matter? Capital wordless :
1) The fact that Covenant-72B came out will not itself become false due to ecological infighting. At least Lao Huang gave a thumbs up. The path of decentralized training of large models has been validated, and the key has proven to the wider field of Crypto and even web2AI that decentralized AI training is not a concept but a reality. This fundamental technical aspect has not been affected;
2) Regardless of the debate between the two sides, which one is true or false, is it Consta, the founder of TAO, who maintains a pseudo decentralized script, or the founder of Covenant, who became greedy after achieving TAO?
But one thing is certain, due to an ecological infighting, TAO will plummet by 20%, which indicates that the Bittensor ecological fragile structure of "success or failure is a Covenant" is valid, and that TAO's narrative has always been overly focused on a few celebrity teams. A truly decentralized network should not trigger systematic panic just because any team leaves;
3) Speaking of which, there aren't too many issues with other project data aspects, including: 125+subnets still in operation, Q1 real revenue of 43 million US dollars, pledge rate of 75%, and TAO's expectation as the leader in the AI+Crypto race. The fundamentals haven't collapsed. What's even more interesting is that Bittensor has now launched a proposal to have alpha holders vote to take over subnets. If it can be truly implemented, this conflict may actually force a real governance upgrade? If we can make it through, it's uncertain whether we'll be lucky or unlucky.
The above.
I feel that the most ironic aspect is that the team that proved the feasibility of decentralized AI chose to make a departure statement with the phrase 'there is no decentralization here'. No one expected this script.
If everything starts out as a part of a play, then everyone is just a supporting role actor.
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