Jack T

Just a Brickie who loves a bit of crypto madness #Pdai #PLSX

[BavarianGodWhale @BavStallion]

463 pages. Eleven posts. Here is all of it in ten sentences.

1. PulseChain copied Ethereum in May 2023, and with it DAI. The copy, pDAI, kept the name but not the backing.

2. The paper describes how the copied systems COULD be used to bring pDAI to a target price and hold it: buy below, offer at the target, refill.

3. It names nine parts for that, from a private second chain as a source of money or instructions to many separate wallets doing the buying.

4. Some of those parts can be seen on chain: admin keys of several copied systems have changed since the copy, and a closed list on the copied Arbitrum was switched off.

5. The central idea is to count all eligible copied stablecoins as one unit, U, so that price gaps between them drive trading. U ties them together. It does not make them dollars.

6. On the paper's own arithmetic this would be slow: 579 days or 16 years, depending on the size of each step.

7. Maker on PulseChain was shut down in April 2025. No way to create pDAI at will has been shown, and no way to redeem it for a dollar.

8. Our measurements: almost all outside money that came over the bridge left again. The pDAI supply went from 4.69 billion to 120 billion and back to 44. More than half of the net new supply went through one address.

9. Not shown, by the paper's own account: a running peg campaign, intent, the private chain, one controller. A test for it is written down and has not been run.

10. So the paper's closing thesis turns on the word "could". It is a blueprint with some parts in place. It is not proof that pDAI will reach $1, and not proof that it cannot.

If you take one thing from this series: keep "is possible", "is in place" and "is happening" apart. They get mixed up easily.

And one question stays with me. A stablecoin normally grows with its users: more demand, more coins. Since the shutdown, pDAI no longer grows through new loans. If PulseChain grows, how does an amount of about 44 billion that can no longer grow that way serve as its stablecoin? And what does that mean for a design that runs through the neighbouring coins?

Tomorrow, one more. Not the paper. My own take.

PROOF OF READ · 12/12

Check it yourself
The paper's closing thesis, p. 458: "distributed wallets could use private-L2 funding, accepted local issuance and common-unit arbitrage" to acquire pDAI and neighbouring stables, manage supply, and fund a separately specified two-sided dollar policy with timely replenishment (second half in my words).
Three pieces of work that "would change the conclusion", p. 460: the exact source and its restoration after use; the bridge and acquisition reconstruction; repeated dollar-responsive support.
Where to find what: source 03 · keys 04 · U 05 · pace 06 · Maker 07 · bridge 08 · supply 09 · recipients 10 · loop and test 11.

[Jack T @JackieT777]

@carolkav81 Glad to hear you have at last seen the light
Better late than never
Well done

[Theoretical Conspiracist @TheoryConspiry]

@GhostofBPH @CryptoRichYT Link to the show:
https://t.co/mtZy00mpS4

[Melissa Ciummei @KSCUBKEE]

Why are police asking the public to permanently delete evidence? There was no ‘allegedly’ about it… we all saw it. She was viciously punched and kicked by him…..Welcome to 2026 where the crime is not the crime, the reaction to the crime is the crime.

[Liberty Swap | C.R.O.P.S. on PulseChain 🗽 @LibertySwapFi]

We’re taking this opportunity to harden our infrastructure and resolve bottlenecks across all our products:

- Liberty DEX
- Liberty Lend
- Liberty Shield
- ZKX Wallet and wallet infrastructure
- In-wallet Swap
- Liberty Swap
- Liberty Launchpad
- Liberty Pools for staking

We’re also preparing for:

🎯Privacy protocol integrations
🎯Liberty Cash
🎯Fiat on/off-ramps
🎯Liberty Perp

We’ve come this far in such a short time. We can go much further.

Ride or die with PulseChain.

[Liberty Swap | C.R.O.P.S. on PulseChain 🗽 @LibertySwapFi]

There is no Plan B.

PulseChain or nothing.

Thank you for your attention to this matter.

[DeFiTriggs @DeFiTriggs]

NOTHING COMES CLOSE

TO A COMMUNITY LIKE #PulseChain

WE ARE MORE THAN A CULT

WE ARE A FAMILY $pDai 🦄

[Jack T @JackieT777]

It has been my pleasure to be part of something so big just before we go boom
Free Richard Heart
Free Pulsechain to the masses
Free Pcock let the bird fly
Free Pdai to non believers only then will they see what’s right in front of them a decentralized ecosystem.

ETHERIUM is our test net 😉💵💵💵

[Jack T @JackieT777]

@Hexangelo5 @ThePeggening @LibertySwapFi Absolutely
the loony toon party 😉

[BavarianGodWhale @BavStallion]

So far: the parts, one by one. And three measurements of our own.
Today: the whole thing in motion. What does the paper say happens IF it runs?

It describes a loop:
→ steady buying and money in the pools make pDAI easier to trade
→ a coin that trades reliably gets used: for payments, trading, borrowing
→ use brings income
→ income pays for more support and, in time, for real backing
→ and round again

One arrow in that loop the paper labels with care: "possible adoption". People actually using it. That is the step nobody can force.

What is closed today? The paper found four routes shut when it looked:
→ the credit line at Aave is set to zero
→ one copied token (sETH2, a staked-ETH token) is broken in its code
→ Maker's swap counter is shut (post 07)
→ the issuers only have limited cash

And the big open point: who pays the dollar side? Somebody has to put real money behind the bids. The paper names a candidate, USDC that came from Ethereum, and writes in its own table that getting it or funding it "remains open".

It also says plainly what it has NOT shown:
→ no proven campaign to peg pDAI
→ no proven intent
→ the private chain: unseen
→ no proof that one party controls it all

Then the test. The paper spells out how you would check whether pDAI is really being held at a price: orders of 1,000 pDAI, within 1 % of the target, over 24 hours, 100 on each side.

That test has not been run.

Why it matters: this is the honest state of things. A blueprint with a loop that makes sense on paper, routes that are closed today, and a test that would show whether the service exists at that size. The paper calls its open points not established "rather than impossible". Both halves count.

Tomorrow: the whole paper in ten sentences.

PROOF OF READ · 11/12

Check it yourself
Loop: paper p. 12. Five phases, p. 10: activate routes · accumulate gradually · build execution depth · operate the price policy · extend economic use.
Four gates, p. 12: zero Portal caps (all 17), broken sETH2 logic, disabled ordinary Maker PSM, finite issuer cash.
Payer, p. 17: conversion into the benchmark Ethereum-origin USDC, "or independent funding of it, remains open". For the source side, p. 16: "delivery payer and latency remain unknown". And p. 460: "One passing episode does not establish perpetual support."
Test, pp. 459–460: 1,000 pDAI per request, ±1 %, 24 hours, 100 requests per side; "this investigation did not submit orders".
Not shown, pp. 458–459.

[Liberty Swap | C.R.O.P.S. on PulseChain 🗽 @LibertySwapFi]

Our launchpad is available at three addresses:

🔗 https://t.co/8ajaRUEgwZ
🔗 https://t.co/FEEuasKlem
🔗 https://t.co/AJUZSqmBaV

A mobile app is on the way, with fiat purchases and more features to make launching projects and trading on PulseChain easy.

From memecoins to quality utility projects focused on long-term growth, there’s room for both here.

[Jack T @JackieT777]

@yourfriendSOMMI One day maybe 🙏🏻💵💵💵💵🔜

[Jack T @JackieT777]

Hey buddy
I think it’s not that people don’t want to see exactly what’s happening on chain it’s just that most Pdai Pulsechain holders are mentally exhausted right now.

It’s been such a shit show it’s hard to keep positive all the time and want to research when every time we think something is actually going to happen, it doesn’t

Don’t get me wrong I’m a big believer and holder of Pdai and other Pulsechain tokens and keep buying these dips but fuck it’s hard work

We do love the work you and others have and are doing and keep it up but I think we need to see prices rally just a little bit at least then u will see people engage again big time. We are fickle creatures at time but to be fair it’s been a madhouse for so long it’s understandable

Keep up the great work even tho u deserve the rest your taking now

[Mijk @Mijk_NL]

https://t.co/HubsWW932l

So here's a journey of 5 VPS's running scripts. 3 AI's and myself looking at it. This isn't what they call "vibe-coding" or "AI-slop", i built the core scripts myself and let AI empower them. So i'd call it "AI-empowered research".

Because i got loads and loads of questions "when peg", "how long", "timeframe?!", "is it ready?!", i did some extensive research to the current status of the project. Most of you know i already did, but now i tried to turn it into numbers so you have an idea at which stage we're at. It's close, but there are some problems i do want to address because we must not let BIAS take over the narrative. Something won't work because one starts yelling louder it works. Here's teh break down.

If you ask me, the construction is 95 to 98% ready — but pegging it depends on a few conditions which must be met, and without them that 95% doesn't peg anything:

1. Backing collateral must be there, without it, this will never peg.
2. The vault problem is something they will fix or work around.
3. I'm not sure whether they are waiting for the clarity act to pass or not.
4. They're using VeOGV (oUSD) as the vault Mechanism (those support pDAI, pUSDC and pUSDT by coincidence).

Have a look at the updated website and the article about the pegmechanism below. I also let the 2 very best AI in the field have an opinion about this;

CLAUDE FABLE & CHAT-GPT ASTRA ULTRA.

I've let them research the whole stuff in 2 lanes. Independently and separated from each other. Under the shared assumption that the vault gets fixed and the collateral is in place, they landed close to the conclusions mentioned in the post — though without that assumption, Fable was notably more cautious on whether a peg would actually hold.

This is it, theoretically it's possible, the architecture is highly sophisticated — but that only matters if the goal is specifically to peg. With a few adjustments + the collateral in place, this peg is achievable.

Not financial advice, just onchain research.

I updated the website as i figured there were lots of "separate pieces" which i now combined to a whole. I included a hell of a lot python scripts you can run for yourself on the CONSOLE part of the page, these are preconfigured scripts which can be run by the user to see LIVE data. I included mobile/GSM compatibility. You can run all the research yourself as these are LIVE RPC calls to the specific parts you're requesting there. The magnitude of this update is of massive proportions, so i cannot guarantee that all stuff works or is 100% accurate. If you encounter any bug/error please reach out to me and i'll look at it. Thanks for your understanding.

Look around on the pSTABLES website in general, you'll be occupied for a while testing stuff out if you like to see how this research is and has been done.

I think its fair to say that this is the biggest information database on the pDAI narrative around right now.

Please RT for further reach so people understand whats happening here.

Updating IRL is the next chapter for me, so over and out for now.

-mijk

$pDAI $pulse $pulsechain $plsx $atropa @RichardHeartWin @Inquisitio @NineIronCapital @DcentraliseMe

https://t.co/HubsWW932l

[Jack T @JackieT777]

@Mijk_NL Great post once again buddy

[Liberty Swap | C.R.O.P.S. on PulseChain 🗽 @LibertySwapFi]

Good morning.

All we need is a good peg.

Then PulseChain is golden.

[Dr Pegger @dr_pegger]

This is why we are the greatest community in all of crypto.

No matter what happens to us, we always bounce back.

It’s a beautiful day on #Pulsechain

[yourfriendSOMMI ❤️💛💚💙 @yourfriendSOMMI]

❤️💛💚💙

PulseChain is pricing in Richard Heart’s stool DNA results containing Organic Tomatoes from his Turkish Kebab diet

[BavarianGodWhale @BavStallion]

"The things that we build will continue to work while we're asleep."

@RichardHeartWin , wherever you are right now, thank you.

For believing in us before we believed in ourselves.
For building something no one can switch off.
For teaching us that patience is power and that freedom is worth the wait.

You gave us the tools. The rest is on us.

The chain runs. The community stands.
We're not going anywhere.

Hold the line. 🫡