text: $TAO >> #Bittensor << #dTAO 
  
  While browsing Discord, I came across this post by Const. It seems interesting to decode and share, always in the spirit of healthy competition and long-term vision:
  
  What Const Says:
  
  1. Accumulation of the ALPHA Token
  
  After 2 years, the subnet owner will hold 1.2 million of their ALPHA token and 25% of the total supply.
  
  This is far more than what Const or Shib own after 4 years, and no group in Bittensor holds nearly this much TAO.
  
  This means the distribution of this subnet is highly concentrated compared to other initiatives in the ecosystem.
  
  2. Advice to Avoid Compromising the Subnet’s Value
  
  Do not cheat when mining.
  
  Mine honestly and fairly, because any form of cheating risks destroying the value of the subnet and breaking community trust, which is the project’s most valuable asset.
  
  3. Raising Funds Without Immediate ALPHA Availability
  
  If the owner needs to raise capital but has no ALPHA to sell, they can propose a deal where they sell a portion of the ALPHA they will receive in the future.
  
  The ALPHA remains on their key, and after 1 to 1.5 years, the investor gets their stake back.
  
  This is what OTF did, and it worked well.
  
  4. Rethinking Miner Distribution
  
  Do not see miner emissions as a dead-weight loss, but rather as a strategic distribution to talented individuals.
  
  Miners are often highly skilled engineers who can become key contributors to the project.
  
  Const’s examples:
  
  @0xcarro → Former miner, now a subnet powerhouse.
  
  Taco → Former miner, wrote YC2.
  
  @mogmachine → Former miner, built taostats.
  
  Lesson: The subnet can be a co-creation between its founder and the community.
  
  Interpretation and Analysis
  
  What Const is emphasizing is that a Bittensor project should not just be about extracting value, but about building a real ecosystem with the community.
  
  🔹 Mining fairly and allowing skilled miners to enter the ecosystem is an opportunity, not a threat.
  🔹 Raising funds intelligently without sacrificing immediate liquidity is a long-term strategy that has already proven effective (e.g., OTF).
  🔹 The best talents in Bittensor often come from early miners, so a project should embrace this dynamic instead of seeing it as a risk.
  
  Conclusion and Reflection
  
  📌 A successful subnet cannot be built alone.
  📌 Fairness and transparency are essential to building trust.
  📌 Miners are not just value extractors; they are potential builders.
  📌 Projects that share their growth with the community are the ones that thrive.
  
  If a subnet wants to maximize its potential, it should adopt a collaborative vision rather than concentrating too much power and wealth in a few hands.
tweet_hashtags: #Bittensor #TAO #dTAO