2 TOKEN2049 Singapore 🎟️tickets up for grabs
To enter:
• Follow @A36Labs and @token2049
• Like this post
• Repost
• Comment "BULLISH"
Two winners will be picked at random using Circleboom
Winners announced 6th October at 11 PM SGT 🐳
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been keen to look into memes again for a while now.
this fast tracks my path back.
The Bittensor ecosystem has arrived on @RobinhoodCrypto Chain 🪶
Robinhood brings 27M+ users, billions in weekly DEX volume and the largest retail gateway in finance - all on a single L2.
@opentensor brings a decentralized AI infrastructure across compute, coding, vision, and prediction.
@Chainlink CCIP, once again, is the pillar that connects them both.
No one has expanded Bittensor across more chains than ForeverMoney. And we ain't stopping here.
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We have just perpetually locked all of our 1,269,236.79 SN79 alpha.
tao.app/extrinsics/8291035-3…
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MVTRX Teaser Video #1 – Agent Vs Agent Interactions;
...more to come in anticipation of @proofoftalk in Paris!
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We're presenting at Bachelier World Congress 2026 in Bologna - one of the leading academic conferences in mathematical finance.
The work: Decentralised Simulation Framework, the research foundation behind MVTRX.
Building in public.
Publishing in Bologna. 🎓
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PJ retweeted
To make money and survive in the market, you need more than just effort. You need a sharp mind.
You need to know how to connect with people, how to talk to them, and how to build your own brand. Most opportunities come from visibility and relationships, not luck.
A few basics that help:
- Be consistent with what you put out
- Learn how to communicate simply
- Understand how attention turns into value
And most importantly, you need to adapt fast. The market moves quickly, and things change even faster.
I can share what I know, but what you do with it is up to you.
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Covenant is gone. SN3 just shifted.
The tech? Fully open-source and very much alive.
We are running the exact same distributed training stack from Subnet 3 to build production-grade finance models on #Bittensor.
Open networks do not die when one entity walks out.
This is what permissionless decentralized AI looks like in practice. $TAO
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I asked my AI Agent to write me summary of what happened so you don't need to.
Here's the timeline.
Subnet 3 / Templar
Background
@const_reborn (Bittensor founder) builds early versions of both Templar (SN3) and Grail (SN81), then gives the owner keys to Sam Dare ("DT" / @DistStateAndMe / @covenant_ai ).
Const also connects Sam with developers, donates TAO, provides startup funding and gives Sam a TAO bonus.
Covenant AI expands: Sam operates 3 subnets - Templar (SN3), Basilica (SN39), Grail (SN81) collectively controlling ~9% of network emissions.
Chamath shilled Templar to NVIDIA.
Templar's distributed training proof-of-concept is credited with driving TAO price from ~$150 → $300+.
Templar becomes Bittensor's flagship "legit" subnet widely cited as proof the network works.
In hindsight: Sam had been joking publicly about wanting to retire and having money problems "solved."
One week before the exit, he appeared on a podcast with @JesusMartinez saying nothing negative about Const.
The Trigger
Const revokes Sam's moderator rights on the Bittensor Discord after Sam deleted messages.
The Rug
Sam posts a single cryptic tweet: "Crypto was meant to stand against tyrants." and goes silent.
Sam leaves all Bittensor Discord servers with no prior warning to his team or investors.
All 3 subnets — SN3, SN39, SN81 — are renamed to "deprecated"; website changed to deprecated.com
Alpha tokens across all 3 subnets crash ~65%.
TAO itself drops ~10% from the market shock.
Sam reportedly dumps ~47,000 TAO worth of Covenant tokens (~$14M USD)
Immediate Fallout
Community in shock - SN3 Templar was considered the most legitimate subnet in the ecosystem
Bittensor Weekly headline: "Templar (SN3), Basilica (SN39), Grail (SN81) all gone. ~9% of network emissions."
Const responds in SN3 channel, calling Sam's action "an ugly decision out of malice and greed".
Const proposes new community-owned governance: alpha holders vote with their wallets to elect subnet teams.
Const states he will personally find new developers to continue distributed training on SN3.
Silver Lining / What Remains
The SparseLoco algorithm (the core of Templar's distributed training) is open-source and can be forked and continued by any team.
Const's governance proposal opens a path for community-elected subnet ownership a direct structural response to the rug.
Distributed training as a concept is validated and will continue.
Templar was a proof-of-concept, not the only path.
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