Bittensor Joint Venture accuses CovenantAI founder of betraying the community and plans to promote a "lock-up pledge" mechanism to strengthen governance

On April 12, Bittensor co-founder JacobRobertSteeves issued a response to the CovenantAI incident, saying that the events of the past few days have deeply shaken him, and accused CovenantAI founder SamuelDare of his actions of causing serious harm to the agreement and the community and violating the trust of investors and users. Betrayed everyone. He also apologized to users who suffered losses due to the incident. Steeves said that Bittensor was originally designed to combat greed and selfishness in human nature and promote AI to be owned by all participants through a permission-free mechanism. He emphasized that although this incident exposed systemic vulnerability, it will also encourage the agreement and the community to further enhance their ability to resist risks. Regarding the future direction, Steeves proposed to promote the LockedStake mechanism and introduce the commitment dimension of time pledge at the agreement level to improve transparency and investor protection, and reduce similar risks. He pointed out that the plan was originally designed by SamuelDare. In addition, he said that the development related to subnets 3, 39, and 81 will continue to be promoted by the community, and the overall functions and vision will not change. Steeves emphasized that Bittensor is still one of the most decentralized AI protocols currently available and will continue to promote the development of open AI in the future, and plans to move towards larger-scale model training. 1 trillion parameter models will be trained in the future.