Const Follows the Satoshi Arc, Steps Down as CEO of OpenTensor Foundation

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Const, co-founder and CEO of the OpenTensor Foundation (OTF), has stepped down from his role, in a move widely seen as a deliberate push toward true decentralization in the Bittensor $TAO ecosystem.

The announcement was shared during Bittensor’s Novelty Search session and quickly spread across X, with community members describing it as a historic transition, similar to Satoshi Nakamoto’s exit from Bitcoin’s early structure.

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What Const Actually Said

Const made it clear this isn’t him disappearing. He’s simply giving up formal authority:

“Not much will change, I’m still going to be in the same calls and do the same things and continue to write chain code, and make subnets, and run Novelty Search and call people scammers and suggest changes — just not with the same legal authority (and that’s important).”

He’s still building, still an active part of the community, but without centralized legal control.

Why This Matters

The OpenTensor Foundation has been one of the key structures guiding Bittensor’s early growth. Const stepping down signals a shift from a founder-led era to a protocol-led era, in which governance, validators, and subnet incentives carry the network forward rather than a single leadership center.

Community voices framed it as one of the most bullish governance moves possible: removing the architect from the seat of power to prove the system can govern itself.

Community Reaction: Strongly Bullish

Sentiment on X has been overwhelmingly positive, with many calling it a “passing of the torch” moment and a key milestone in Bittensor’s maturity.

Several posts directly compared the move to Bitcoin’s founding mythos: the creator stepping away so the protocol can stand on its own.

$TAO reacted positively to the announcement, surging from +4% following the news, amidst a general market downtrend.

Bottom Line

Const stepping down is being interpreted as Bittensor choosing decentralization over personality-driven leadership. And this could become one of the most defining moments in the network’s history.