Mark Jeffrey
Investor and partner at Stillcore Capital with deep roots in early internet communities, Bitcoin, and crypto. In this episode he analyzes Bittensor, subnet investing, and the Covenant AI controversy.
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Apr 14, 2026 • 1h 19min
Bittensor’s (alleged) $10M rug pull (feat. Mark Jeffrey) | E2275
Mark Jeffrey, a crypto investor at Stillcore Capital, and Will Squires, Macrocosmos CEO, unpack Bittensor’s alleged $10M token dump and the Covenant AI fallout. They explore subnet investing, token incentives, and why TAO drew serious attention early. They also dig into deepfake detection, distributed AI training, idle compute, and possible governance fixes.
