Christian, Husband, Father, Leader, Producer, Developer, Philosopher, Digital Asset Yield Farmer https://teapawt.net/t.co/1rqfRrZLxi
Joined August 2017
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"Demagoguery flourishes where something can be said in a few catchy words that would take volumes to disprove" - Thomas Sowell
Brandolini's law: “The amount of energy needed to refute bull**** is an order of magnitude larger than is needed to produce it.”
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Generative AI arrived after social media trained people to treat short, emotionally salient, algorithmically selected content as primary info. That environment rewards speed and tribal signaling over source evaluation or basic deduction—leaving a population poorly calibrated for cheap, high-quality synthetic text, images, audio, and video.Studies show large gaps in civic online reasoning, low deepfake detection rates, and AI dependency linked to weaker independent analysis.The cost of producing plausible falsehoods has collapsed while the cost of rigorous verification has not. The mismatch between available tools and average evaluative habits is growing...
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Exactly what I've been saying. Fiduciaries cannot allocate in size yet, not even close. And unlike cryptos whose target market is retail, this money is gated behind regulation. We are still early and the catalysts that matter are still in front.
When Elon promises a near future wherein work is no longer required because robots do everything, understand that he is talking his own book. Thats like saying that Kings do nothing because they have slaves. We are the admins. Ceding that work to bots would mean giving up power, which is not in our nature.
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Centralized corruption abuses trust by controlling narratives.
Decentralized ignorance abuses trustlessness by avoiding accountability. Neo-gnostics hold themselves to different evidentiary standards than their opposition, and social media rewards them for it.
Hard to say which is worse, but easy to see which is generally more accepted.
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I've explained before on this account how software deployments are decentralized, but thanks to the foundation for explaining to armchair critic gnostics.
The recent XRP Ledger security fix raised a lot of questions and some misconceptions. Let's clear them up.
1. Was any XRP created?
No. XRP's supply was fixed at 100 billion when the XRP Ledger launched, and no transaction is allowed to create more. This bug was a way around that rule, and 3.4.1 fixed it 2 weeks ago.
You don't need to trust us on this. All ledger data is public, and explorers and data sites read it every day. New XRP would show up in account balances for everyone to see. There is no hidden place for XRP on the XRP Ledger, every balance is public.
We monitor the XRP Ledger 24/7 and have verified the supply throughout the history of the ledger. Others in the community verified this too, and anyone can do the same.
Transaction fees are destroyed, so the supply is deflationary. About 99.986 billion XRP exist today.
2. How did this go unnoticed, and what's next?
No normal payment comes anywhere near triggering it. It took hundreds of deliberately constructed operations.
AI makes bugs like this faster to find, for the bad guys and the good guys.
Together with RippleX and the community, we will ensure the XRP Ledger is protected against such vulnerabilities. This means radically applying Formal Verification and AI adversarial testing, collaborating closely with security researchers, and strengthening the bug bounty program.
You'll hear a lot more about this as we progress.
3. XRP Ledger decentralization at the core of this.
A public fix shows attackers where the bug is, and AI makes that fast. With a normal amendment vote, the fix would have been public for weeks before it took effect, risking network security.
As a reaction to this, the XRPL community came together, and among them the XRP Ledger Foundation, RippleX, core devs and validators formed a social consensus and agreed on a path forward that involves shipping the fix directly. Patching a live network is never trivial, so the plan was also designed to minimize disruption for everyone running on it.
We shared the build with the default UNL validators, using the contact details each one publishes in its xrp-ledger.toml file. Public binaries followed the same day, September 25.
No single party could make that call alone. Every validator and node operator chooses what software to run, and 3.4.1 only became required through a normal amendment vote with more than 80% validator support for two weeks. Protocol changes still go through amendments.
Big thanks to Cayden Liao and Veria AI for finding and reporting this responsibly, to the XRPL core developers for building and testing the fix, and to every node operator who upgraded so quickly, especially the validators.
Full report: xrpl.org/blog/2026/vulnerabi…
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Storytelling is everything, and that is true of markets as well.
The full faith and credit of a nation that issues debt. The narrative that gives gold its value: industry uses about 6% of the gold bought each year, and the other 94% is bought for the story. The new disruptive tech that entices people with the promise of generational wealth. It's all stories, and stories buy trust. Many stories are grounded in history, but all market stories are fortune-telling to some degree.
To live in the world is to be a listener of countless stories. The useful skill is to discern the true ones from the lies. That matters especially when the storyteller has something to sell.
There is nothing unethical about a business trying to sell a product if the sale is mutually beneficial to the consumer.
There is something unethical, and often illegal, about a business trying to sell junk while advertising it as a valuable product.
Nobody should expect a business to be charitable. They should expect it to be honest.
What you really want is the business's continued commitment to selling good products for at least as long as you intend to own them. That way its success and your satisfaction are positively correlated. The product's reputation, its story, matters to the company's profits.
If a private company with no legally enforced disclosures about how it invests its time and money tells you to trust its commitment and self-reported progress, you are either a VC or a mark.
This is how you spot a rip-off.
Look at how much they still hold against how hard they are pushing to sell it. A seller with a large unsold position and a sense of urgency is telling you the story has an expiration date.
Both good and bad products last only as long as the story is kept alive, but the bad products depend on a story riddled with falsehoods. These stories are unsustainable. They need to liquidate inventory before they are forced to rebrand into a new story.
Beware of anyone who tells you to hurry and to wait in the same breath. "It's a long-term play." "Act fast! Don't miss out!" These storytellers aren't doing you a favor. They are meeting their deadline. Your deadline to buy is today while their deadline for making it worth your wait is in a future they do not plan to be around for.
This bear market is preceding a massive growth opportunity for some cryptos, but not for most of them...let me explain...
First, there have only been a few cycles in crypto since its inception and that sample size is unreliable, especially with unprecedented changes occuring every few years.
How crypto started: thousands of retail investors in low interest rate environments piled into very low-liquid speculative casinos with a handful of relative-fair-launch PoW tokens that resembled the cypherpunk revolution. Retail vs retail, grown organically and evenly enough that sell pressure could stabelize.
How crypto exists today: small handfulls of VCs taking advantage of a regulatory vaccum jumpstart projects in a highly liquid, high interest rate environment amongst an ocean of redundant alternatives expecting to merely 2 or 3x before recouping on the heads of gullible retail who had access later and who thinks these markets still exist like they did a decade ago... most retail wouldnt bother with the high risk VC tokens unless they were sold a vision of massive dogecoin-era upside, so the narrative has to be 100x. It works because retail doesnt need to be accreddited or educated by disclosures the way they would be in penny stocks. So the VCs are having a party until regulations finally say no more.
The future of crypto is 3 categories:
1) the self aware retail meme casinos where the house edge belongs to snipers who play like mini-VCs.
2)the established incumbents of defi utility. A very small class of deeply liquid and functional networks with mature security profiles, relied upon by regulated institutions and sustain a speculative premium.
3)the rare and occasional new problem solver, bootsrapped organically by a retail community along side devs that won the good idea race - like hyperliquid was. These represent the only real opportunities for reasonably safe yet high upside, and they are difficult to recognize early.
This future isnt fully here yet, so some opportunity still remains to find a cat 2 while its still a cat 3.
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Bitcoiners can mistake one means of liberty for liberty itself. The end is freedom. Reducing government’s role in money may protect you from your own government, but that is only one direction from which power comes.
This is the relative-power problem XRP understands better. It assumes states and institutions are not going away. Its answer is a neutral financial rail they can share without any one country owning it. Bitcoin’s political instinct is escape from state power. XRP’s is balance among state powers.
You can restrain Washington; you cannot restrain Beijing simply by refusing to compete. If China mobilizes the state around AI, quantum, blockchain, chips, and energy while the United States stands back on principle, government power has not been reduced. More of it now belongs to the government least answerable to Americans. Let that gap grow wide enough and financial freedom will be the least of what we lose.
None of this gives Washington a blank check. Building chip factories, power plants, and research capacity is not the same as censoring speech, licensing ideas, or surveilling citizens. “China” cannot become the word that excuses every domestic abuse.
The goal is not less government at any cost. It is less domination. Sometimes that means limiting your own state. Sometimes it means keeping another state from overpowering it. A theory of liberty that sees only the first danger may deliver you to the second.
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We are a nation of spoiled, near-sighted, naive children.
Running around playing tea party without any of the moral conviction or wisdom of our founders, and advocating for slowing down technological progress and adoption in our own country.
China is not waiting for democracies to finish arguing with themselves, and it operates under far fewer political constraints. Fall far enough behind in AI, quantum, blockchain, energy, or other strategic technologies and the consequences won't be higher prices or worse privacy—you will lose your nation. If that happens, today’s domestic grievances will look like luxuries.
Artificial Intelligence hasn't been invented yet. Language models are stochastic parrots -- predictors of next words. People are easily fooled by marketing. We will not see AGI in our lifetimes, no matter how productive the bots become.
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One thing that everyone is missing is Security. The last thing humans will own is precisely what they will not trust to coding agents. Trust vs trustless is, once again, the ultimate frontier.
Elon just put a clock on human coders.
He says AI is already incredibly good at software, and next year it will hit what he calls Stockfish level: so far ahead that a person cannot compete.
He thinks AI will crush every human at writing code, and will be extremely good at all forms of engineering and anything digital in 12 to 18 months.
If he’s right, the last scarce thing in software is whoever owns the model.
Writer: Lynn
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You will hear that XRP can't be trusted because the first 32,569 ledgers are lost. That argument no longer works.
In July, @xrplto reconstructed what happened inside the lost ledgers without a single copy of them. One fact makes this possible: every XRPL ledger records the complete state of every account, not just what changed. The first surviving ledger, number 32570, is a full snapshot of the entire network on January 1, 2013. Everything the lost ledgers did ended in that snapshot.
136 accounts existed. The way the ledger addresses its objects proves there is no hidden 137th.
Every XRPL account carries a counter of how many transactions it has ever sent. The 136 counters sum to 368 transactions. That is the entire activity of the lost era.
That number checks out a second way. XRP is only destroyed by fees. The XRP missing at ledger 32570 against the original 100 billion is 3,680 drops. Divided by 368 transactions, that is exactly 10 drops each, the base fee at the time. Two unrelated parts of the ledger agree to the drop.
The snapshot also shows where the XRP went. 80% was settled into one account by ledger 150 and never touched again. The genesis wallet was already down to 201 XRP before recorded history begins. The allocations are scripted round numbers, and they match the split that has been public for a decade: roughly 9% Jed, 9% Chris, 2% Arthur, 80% the company, 0.013% to beta testers.
The lost ledgers were a week of test-era activity. What was lost is the record of each individual transaction. What was never lost is who ended up with what, and now even the missing week has been counted and checked.
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On the decentralization of the XRPL:
In 2013 the XRPL server code went open source. That was the moment Ripple's influence stopped being something the network had to accept and became something operators choose.
The influence is real. But look at where it comes from. Every node operator decides which validator list to trust. Almost all of them point at the lists published by Ripple and the XRP Ledger Foundation, because those lists have a 12-year record of good judgment. That is earned trust, not control.
At any moment, operators could adopt their own list with no Ripple on it. No vote, no permission, no process. The only constraint is that their lists need roughly 90% overlap with each other or they fork away from the network. That constraint comes from the math of consensus, not from Ripple, and it binds every validator equally, including Ripple's one node out of about 35. And 35 economically significant validators spread across different jurisdictions is a meaningful body. The IMF Executive Board runs the global financial safety net with 25 seats. The UN Security Council has 15. Size was never the source of legitimacy. Diversity and accountability are.
Protocol changes are the same story. An amendment needs 80% support from trusted validators, held for two straight weeks, before it goes live. Nobody can push a change the operators don't want. Including Ripple.
The economically weighted operators keep installing the standard release with the recommended lists because they want to, not because they have to.
Nothing on the XRPL is locked in beyond the reach of consensus. Ripple sits on the default list for the same reason a good incumbent keeps winning elections: the voters keep choosing them.
This is the way
Institutional lending on the XRP Ledger is becoming concrete with @cicadacredit and @ClearpoolFin.
Using XLS-66 (Lending) and XLS-65 (Single Asset Vault), the flow describes how these institutions are approaching the XRP Ledger.
More info below on how they see the flywheel effect supporting XRP DeFi.
Today's Green Candle brought to you by:
🇺🇸 The US Government is becoming a bigger buyer of its own debt.
Treasury just announced it will at least DOUBLE long-end bond buybacks from $2bn to $4bn per operation.
They call it “liquidity support.”
Translation: the market is demanding higher yields to absorb America’s debt, so Treasury is stepping in as a bigger buyer of its own long-duration liabilities.
This is NOT QE.
Yet.
Treasury can issue at the short end and use the proceeds to buy back debt at the long end.
When your debt is too expensive at the long end, you move the funding shorter.
And when too much debt moves shorter, refinancing risk explodes.
Eventually someone has to provide the liquidity.
Enter the Fed.
This is the FIC (Financial Industrial Complex) at work:
Treasury issues the debt.
Wall Street distributes it.
The banking system finances it.
The Fed provides the liquidity when the system needs it.
Taxpayers service it.
Privatize the gains.
Socialize the losses.
Debase the currency when the debt becomes unpayable in real terms.
You are not witnessing a $4bn story.
You are watching the plumbing of a debt-based monetary system becoming increasingly dependent on intervention to keep functioning.
Watch what happens next if long-end yields keep rising.
That’s when Treasury “liquidity support” starts colliding with Fed monetary policy.
FIC always needs more liquidity.
And you are the product.
A collateralised debt obligation to subside the FIC.
