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Only the true $TAO conviction holders can relate. 👇

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2xnmore

45,985 subscribers

33,624 Aufrufe • vor 11 Tagen •via X (Twitter)

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9 Kommentare

Profilbild von Dectric
Dectricvor 11 Tagen

True holders only 🫡 $TAO

Profilbild von 2xnmore
2xnmorevor 11 Tagen

🫡🤝

Profilbild von cryptoCleo
cryptoCleovor 11 Tagen

Still holding through the mud

Profilbild von Yuuotsk DEX
Yuuotsk DEXvor 11 Tagen

BTC out here carrying us like always

Profilbild von Silvia Val de Ramos
Silvia Val de Ramosvor 11 Tagen

Lmao this is too real 😭 been in that ditch for months

Profilbild von 2xnmore
2xnmorevor 11 Tagen

I know right

Profilbild von Michael Yano
Michael Yanovor 11 Tagen

Felt this in my soul

Profilbild von Ethan-Repents 🇺🇸
Ethan-Repents 🇺🇸vor 11 Tagen

What am I even watching?!😅

Profilbild von Umer Baig
Umer Baigvor 11 Tagen

@sonaabeyg

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Someone just stole from 37,000 $TAO holders and walked away clean. Not because they broke a rule. Because no rule existed to stop them. That changes today. Here is what happened. Covenant AI ran one of the most watched subnets on Bittensor. On April 10, the founder sold their entire position and disappeared. No warning. No announcement. No on-chain signal. By the time holders found out, the price had already moved against them. This was not a hack. This was not a bug. This was a founder legally exiting into their own community with zero accountability. Bittensor just closed that door permanently. The Conviction upgrade is live on mainnet today. Every emission a subnet owner earns now locks automatically the moment it arrives. They cannot touch it immediately. If they want to exit they must submit a public unlock transaction on-chain. Visible to every single person on the network the second it is submitted. Then the clock starts. 30 days before 63% of their position becomes spendable. 90 days before 95% is accessible. You now have a month of warning before the first dollar of sell pressure hits. A silent exit is no longer possible. The founder has to tell you they are leaving before they can leave. And it goes further. Any holder can now lock their tokens toward a different address they believe would run the subnet better. The address with the most locked support behind it becomes eligible to take over entirely. Bad owners can be replaced by the community before they do damage. Before today, subnet investing had one risk nobody could price. The person running it could vanish overnight, and you would never see it coming. That risk has been removed from the equation. Skin in the game used to be a promise. Now, it is a number on a block explorer that every holder can verify in real time. The people who understand what accountable infrastructure means for the value of $TAO will not need to explain themselves later. This is still early.
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