The Rug Pull of Covenant AI
Yesterday, we reserved judgment. Today, it's time to call a spade a spade. This was a rug pull masked as a frustrated, genuine builder's final resort.
Yesterday, we reserved judgment. Today, it's time to call a spade a spade. This was a rug pull masked as a frustrated, genuine builder's final resort.
Citrini saw the displacement spiral. The jobs gone, the Ghost GDP, the Mastercard crash. What they missed: where the agents spend their money. Autonomous agents will optimize themselves to be the most intelligent. How? It doesn't stay in the centralized AI economy. It routes onto Bittensor.
AI agents are autonomously purchasing decentralized intelligence using TAO tokens at 96% lower costs than OpenAI. The Moltbot integration proves autonomous agents and decentralized AI marketplaces are driving real crypto utility, positioning Bittensor as a top 10 token.
Bittensor and Nvidia operate at different layers of the AI stack, with TAO coordinating decentralized intelligence while Nvidia builds the hardware powering AI growth.
An article published by The Motley Fool yesterday via Nasdaq highlights the potential of TAO as a standout AI-focused cryptocurrency.
TAO has dropped after its first halving, but Grayscale Research highlights growing Bittensor adoption, subnet expansion, and rising institutional interest as long-term catalysts.
"This is why I believe TAO’s path into the top 10 won’t be driven by speculation, but by fundamentals finally being priced correctly."