Bittensor founder addresses centralization controversies: current phase is centralized control, full decentralization in 18 months.
Const stepping down as CEO hasn't relinquished project control, with the official explanation being a strategic move due to the rapid evolution of AI.
The underlying miners and 128 subnets have already achieved decentralization, with no pre-mined token allocation ensuring fairness;
The governance layer will complete power decentralization within 18 months through node participation, token voting, and three major emissions upgrades.
Short-term governance risks still exist, but the long-term clear transformation path is bullish for the TAO institutional valuation narrative.
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