🔗 Crypto & Blockchain

Bittensor's Co-Founder Pushes Back on Subnet Emissions Freeze Claims After Covenant AI Split

Picture this: a crypto AI project touting decentralization, suddenly accused of pulling the plug on rewards. Bittensor co-founder Jacob Steeves says nah, emissions aren't suspended—and his token dumps are peanuts.

theAIcatchup Apr 10, 2026 4 min read
Jacob Steeves, Bittensor co-founder, addressing subnet emissions controversy

⚡ Key Takeaways

  • Jacob Steeves denied suspending Bittensor subnet emissions, blaming FUD after Covenant AI's exit. 𝕏
  • Token sales by Steeves represent under 1% of his holdings, minimizing insider dump fears. 𝕏
  • Bittensor risks centralization if subnet exits accelerate, echoing past crypto governance fails. 𝕏
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#Bittensor #Covenant AI #Jacob Steeves #TAO token #subnet emissions

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Originally reported by The Block

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