Tr⬡lph

DR;NS | 555-Nose

[Tr⬡lph @flenchmann]

We live in a world where the real and the unreal live side by side, where substance is disguised as illusion, and the only explanations are unexplainable. Can you separate truth from fantasy?

[LinkRiver @linkriver_io]

1/ 🚨 DTCC, the backbone of U.S. securities settlement, is building its tokenized Collateral AppChain on Chainlink's Runtime Environment (CRE), targeting a Q4 2026 launch.

The plumbing of institutional finance is being built on Chainlink.

[marine @40k_Marine]

Unironically $1000 $LINK is happening in next 24 months

[47fucb4r8curb4fc8f8r4bfic8r @47fucb4r8c69323]

Hedonic adaptation, ceilings of time/space, and variations in interest/demand suggest that, if there were a subset of a human population to suddenly have a massive windfall of a ton of cash due to some exogenous event, there would be only so much of currently produced goods that the members of that subset could or would want to consume.

As a result, a wealth shock should have several Veblen-style effects in most but not all cases, and I can easily imagine this.

Like, I suddenly have a shitton of money and I'm an asshole. One thing I might want to do is buy up a bunch of land to start my own country. Which SV ofc has talked about.

In the interim, I'd spend on silly shit like trying to go to Mars and building sexbots. But when I saw how lame those things are (like SpaceX and ChatGPT), I'd start spending on really really stupid shit like assets that are intentionally a joke (dogecoin) as well as assets that are just ridiculously stupid (bored apes) and intentionally, aggressively, almost offensively worthless (real estate in the metaverse).

I'd also overpay for sex with nasty women (Aella, Tiffany Fong) and pay useless idiots to spread my dumb ideas to the masses (Joe Rogan, Lex Friedman). I'd also pretend to invest in stupid companies for fun (Juicero, Friend, WeWork, Taste Labs) because, hell, why not, there's more where that came from.

I'd maybe start up a fund just so I could hang out with cool kids and hot girls and young people (the VC industry) and pretend to invest in companies so complicated/weird/state-of-the-art that they look like jokes or outright frauds (again, VC industry).

So, you see how Silly Business Theory #SBT has all kinds of weird emergent effects both because people trade cash for entertainment and because the market cannot absorb that demand shock. And when the profit motive is less important due to a windfall like this, especially in a society that increasingly entangles business and pleasure ("bring your whole self to work" and "this company is a family"), there's a strong likelihood of silliness getting injected into business.

In this sense, SBT emerges both because of demand AND supply because of a fundamental mismatch of the two. Yes, the demand for silliness is always there, but the demand for silliness can compound on itself if the supply isn't there to meet it. Silliness accrues.

This also makes the future look really stupid, which has its own higher order effect on the market. When you look around and see a stupid future, you feel you have license to be stupid too, so SBT should trickle down. And it's a vicious cycle, because that stupidity is creating more stupidity and diffusing it in the economy.

I kind of feel like I am writing the first theory of a post-scarcity economics, because, honestly, I feel like I live in a post-scarcity world. I do not have to ever worry about food, water, shelter, healthcare, transport, etc etc ever again (assuming no calamity ofc), and I'm a single-digit millionaire. Think about, like, the REALLY rich fuckers out there--they have got to be bored out of their fucking minds.

I once told a friend of mine who lost his mind briefly after moving Asia, "when you spend all your time focused on running away from a place, you can lose sight of where you are running to", and I wonder if we have that problem on a civilizational level. We want to escape the poverty of the past and of the global south, and rightly so--and we should keep working/building/shipping to expand that escape to everyone.

But some of us have gone far beyond escaping it and gone into the realm of woowoo land caused by an overabundance of wealth and thus far too much leisure.

And I do think it has really bad outcomes both for the individual and society.

Once when walking in Sighnagi (the "City of Love" of Georgia), my girlfriend said to me, "we Thai people say all the time we hope we go to Hell because all of our friends will be there; Heaven sounds dull and boring", and that literally stopped me in my tracks. I was dumbfounded at this wisdom.

"Will is the opposite of reason. This world is just for us to learn. It cannot be changed into paradise." - Kurt Godel

[Tr⬡lph @flenchmann]

@nuance_enjoyer In which way does physical appearence, perception and proprioception influence mental health and vice versa? Imo it’s not a one way street. Try curling up in a dark corner and finding a positive thought. The way we carry ourselves creates physical appearance and attraction.

[Tr⬡lph @flenchmann]

@sidereal111 Moms wrong, assumes a linear development but that’s not how it works. Every child has its own individual moments of explosive growth and development

Dads wrong, oversimplified understanding of how genetics work, epigenetic circumstances and gene activation is way more important

[Tr⬡lph @flenchmann]

@Daywrotethis Written like a little bitch

[Electra @Electrarythm]

There is a certain type of person everywhere now, especially online.

He consumes endless information every day: philosophy, psychology, productivity, spirituality, neuroscience, business, self-improvement, history.

He knows a little about everything and deeply experiences almost nothing.

His entire identity becomes built around understanding instead of living.

He watches videos about confidence instead of speaking confidently. Reads about discipline instead of becoming disciplined. Studies relationships instead of learning how to love. Consumes motivational content instead of taking action.

He feels intelligent because he is constantly mentally stimulated. But stimulation is not transformation.

Most of the time, knowledge becomes emotional protection. Reality is unpredictable. Reality humiliates. Reality exposes weakness. Books and ideas do not.

Inside information, he can continue imagining himself as intelligent, deep, insightful, different from ordinary people. So he remains trapped in preparation.

He constantly feels as if he is "becoming" someone, while his real life remains strangely untouched. He develops sophisticated language for problems he never confronts directly. He can explain human behavior beautifully while being unable to handle ordinary discomfort, rejection, uncertainty, loneliness, or risk.

He slowly turns life into observation instead of participation.

The internet rewards this personality heavily. He receives validation for sounding aware rather than becoming capable.

Eventually, he begins confusing self-analysis with growth and information with wisdom.

But beneath the intelligence usually exists the same thing: fear. Fear of failure. Fear of embarrassment. Fear of reality answering back.

Because action destroys fantasy. The moment he truly acts, he can no longer hide inside potential.

[Tr⬡lph @flenchmann]

@BonesawMD Sartre enters the chat

[Tr⬡lph @flenchmann]

@philosophymeme0 He indeed is not thinking for himself either

[MSB Intel @MSBIntel]

BREAKING: Sergey Nazarov says the goal is building infrastructure secure enough to handle trillions of dollars in value.

"They'll understand Chainlink when we power everything."

[LinkBoi @LinkBoi777]

BREAKING: DTCC CEO Frank La Salla confirms that through interoperability they will deliver transformational benefits at a scale once considered impossible

The DTCC x Chainlink partnership is starting to look very promising👀.

"Chainlink will be integrated into DTCC’s Collateral AppChain to enable the seamless pairing of asset prices, valuations and movement with the aim of overhauling how market risk is managed globally."

DTCC app chain will soft launch on July 13th.

All eyes on @chainlink

- ethereum:0x514910771af9ca656af840dff83e8264ecf986ca

[blue @bluewmist]

I'm finally reading Dune. This quote, which is in the first few pages, hits hard:

"Once men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them."

[Tr⬡lph @flenchmann]

@Schuldensuehner Ahh the good old EU exit liquidity

[Tr⬡lph @flenchmann]

@bluewmist Burn the boats!

[Tr⬡lph @flenchmann]

@MilGrauNews Resistance of androgen receptors, patient produces testosterone but receptors don’t respond to it

[Richard @ricwe123]

What most people already understand, even without the economic terminology, is that firms like BlackRock operate less like investors and more like modern feudal landlords.

They buy essential infrastructure,water networks, ports, energy grids, data centres, and other public necessities, often using vast amounts of borrowed money and paying prices that ordinary market participants cannot match.
Once the acquisition is complete, the debt is pushed onto the acquired company itself.

The result is simple: the public pays.

Consumers repay that debt through higher water bills, rising energy prices, increased fees, and declining service quality.
The infrastructure becomes a cash-extraction machine.
Profits flow upward to shareholders and executives, while the financial burden flows downward to households.

When the model inevitably breaks down, the consequences are socialised. Communities are left with crumbling infrastructure, polluted rivers, and failing services.
Thames Water's £14 billion debt mountain and repeated sewage scandals are a stark example of what happens when financial engineering takes precedence over public stewardship.

The executives who loaded the company with debt have already collected their bonuses.
The investors have already taken their returns.
And when the system finally reaches breaking point, taxpayers are expected to pick up the bill.

Privatise the gains.
Socialise the losses.
That is the business model.

[Tr⬡lph @flenchmann]

@RainbowBodied What is generating the thought then?

[Katherine Argent @effthealgorithm]

Search is full of ads and wrong answers. Every other email is an ad. Prime Video charges you and shows ads. Paramount? Ads. Peacock? YouTube? Hulu? Ads followed by more ads. Netflix full of ads. Meta and X, every other thing is an ad. Pinterest is nothing but ads. AI is in everything. AI finishes sentences incorrectly and won’t stop. AI reads your email and search history to target you with more ads. Every time you open an app or visit a site there’s an update making it worse. In a hurry? First, click here to agree to terms you don’t have time to read and must accept. You need an account to do that. Change your temporary password. Enter your 2FA code. Check your email and enter that code. Now use a passkey. Your password is too simple to remember. Change it. No, not like that. Now log on. Enter your 2FA code. Check your email for a code… Welcome back! We’ve updated our terms of service and privacy policy (you have none). Subscribe to the site. Subscribe to Netflix. Subscribe to toilet paper. Subscribe to these groceries. Pay a membership fee for the right to subscribe then tip your driver who delivers the subscriptions your membership lets you subscribe to. Time to work? We’ve got to update your laptop and will slow down everything you do until you agree to update. But first, click here to agree. Update installed — your laptop’s broken now. It doesn’t matter, since your boss just replaced you with AI. Go to your phone to complain on social media. Wait, your phone needs an update so we can add more AI. Click here. Oh sorry, your phone can’t handle this update. Now it’s useless. Go get the newest phone. Here’s a text from a friend, an email, a voice mail they left three days ago but you didn’t see until now because of sync problems with the cloud. It’s their GoFundMe. Their MLM. Their Patreon. Never mind, you didn’t respond to their text within 9 minutes and now you’re no longer friends. They blocked you. Make new friends. Download this app to find people in your area. In your neighborhood. On your street. Two doors down from you. Do you know this person yet, we think you’d get along. You need an account to use this app. That username is taken. Enter a password. Not that one, you used it on another site. You need to be connected to WiFi to download the app. Allow the app to connect to other devices on your network. Allow the app to access your contacts, know your precise location, store your credit card details. Oops, sorry, we got hacked now all that info is available on the web. There’s a class action suit. You can join. It’ll take a decade to get your $3.73 share of the ten billion settlement. We’ll send it via PayPal or deposit it to your bank, just tell us those details. Oh no, another hack. That info is circulating now, too. Here’s a spam call, a spam email, a spam text. Why are you angry? Why are you talking about getting rid of your phone? Why don’t you like AI, it lets us make all of this easier? Do you know how ridiculous that sounds? This is progress. You’ll be left behind. Do you want to be left behind? Do you???

[⬡ A.S.2 ⬡ @BUIDLONLY]

grayscale says $link price doesnt tend to decrease due to token dumps. Here is why the tokenomics are complicated:

[Fishy Catfish @CatfishFishy]

People who underwrite what chains are worth or what they will "win" just entirely ignore the elephants in the room.

There has not been a single post from any crypto pundit, VC, blogger, researcher, podcaster, timeline shitposter that has underwritten a recent chain valuation which incorporates DTCC's Collateral Appchain or Swift's payment chain into for their model and thesis.

DTCC, which settles and clears $4 quadrillion per year for all US capital markets, has their own chain, which is launching Q4 this year, for global collateral markets.

SWIFT, which enables about $5 trillion in payments per day, is also launching their chain this year for cross-border payments.

These are not new, random VC funded L1s trying to solve a "cold-start" problem. They're not looking for random developers nor interested in the 14th forked copy paste of Uniswap. They're not going to be doing an airdrop or paying social media slop merchnats for attention whoring.

These are the largest financial market infrastructure in the world, transitioning their *EXISTING* operations, which are of a size that dwarfs the entire crypto industry by orders of magnitude, simply onchain.

There is, however, a protocol, Chainlink, and a platform, Chainlink Runtime Environment, that is actually going to be used by these permissioned chains in production, so you can actually purchase exposure to this behemoths.

The ticker is $LINK.