The Bittensor ($TAO) ecosystem got hit with a major defection. The price of its token fell 15%. On today’s episode, @jason and @alex break down the controversy around Covenant AI (the team behind the much-hyped Covenant 72B model) and its founder’s claims that the Bittensor network isn’t as decentralized as advertised — plus allegations of governance chaos, token sales, and the kind of “rug pull” dynamics that still haunt crypto. What actually happened? And what safeguards have to exist if…