"Jacob Steeves characterized Samuel Dare's departure as a deep betrayal, accusing him of inflicting maximum pain on the community and causing significant financial losses for investors."
"The TAO token plummeted from $337 to $253 in under six hours, erasing $650 million in market cap and triggering $9.1 million in long liquidations."
"Steeves expressed that Dare's actions let down everyone who bought the token and trusted him, stating, 'He betrayed us all.'"
"Bittensor will propose a Locked Stake feature during the next Discord community call to prevent similar financial issues in the future."
Jacob Steeves expressed deep betrayal over Samuel Dare's exit from Bittensor, which caused a 25% drop in the TAO token price. This decline resulted in a loss of $650 million in market cap and $9.1 million in long liquidations. Steeves described Dare's actions as intentionally harmful to the community and investors. He emphasized the emotional toll of the split, stating that Dare let down those who trusted him. Bittensor plans to introduce a Locked Stake feature to prevent future financial issues.
Read at news.bitcoin.com
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