OkThe AI-driven momentum across crypto reflects how far decentralization has evolved.
What started as an attempt to decentralize financial infrastructure, allowing peer-to-peer transactions without intermediaries, has now expanded into blockchain networks integrating AI to speed up systems.
In this context, the recent FUD around Bittensor [TAO] seems largely sentiment-driven. For context, Covenant AI, one of the largest and most active subnets on Bittensor, recently exited the network, sparking uncertainty.
However, the bigger concern isn’t just the exit itself, but the reasoning behind it. In a post on X, Covenant AI said that Bittensor no longer functions as a truly decentralized network.
The team argued that key decisions remain influenced by centralized authority. They claimed network leadership suspended subnet emissions and removed community control. The team also said leadership deprecated infrastructure and applied economic pressure through token sales.
