DapperJon.eth

Crypto and NFT are the future.

[Spade @SpadesHQ]

So let me get this straight.

Nvidia invests $30 billion in OpenAI. OpenAI in return commits massive capital to Nvidia, Microsoft, and Oracle for chips & cloud infrastructure. Microsoft also invests in OpenAI, then gets paid back through Azure spending.

Meanwhile, Oracle is building data centers and buys Nvidia chips to fill them. Nvidia also owns a stake in Coreweave while paying Coreweave for cloud capacity. Yet, Coreweave’s entire business model revolves around renting out Nvidia GPUs

The entire foundation of modern AI firms is built around using the same dollar as an investment, and a sale.

I’m genuinely sick to my stomach.

[Michael Burry Stock Tracker ♟ @burrytracker]

it's starting

[DapperJon.eth @jonathanlynch_]

@osseneth wanna buy my house?

[DapperJon.eth @jonathanlynch_]

@traceforms ty

[DapperJon.eth @jonathanlynch_]

@MartKAD Why can’t I use my rain one

[DapperJon.eth @jonathanlynch_]

Burned Bases #2899, #7444 and #2680 to decode Trace #4290, #4335 and #6597.

https://t.co/gLUw6L5TBs

[Vesty @0xvesty]

Finalizing the last few changes, almost there.

Sorry for the delay. The official post will go live on @traceforms within the next hour.

[Trace @traceforms]

Tomorrow, October 6th at 6 PM UTC.

Your Cipher will decode into a character, while your key (Base) will be permanently destroyed.

A short video explains how the process will work.

[Cydel @cydelmg]

are you even an OG if you don’t see this from pranksy?

[@jackbutcher @jackbutcher]

credits is an artwork about belief

each credit was created from a private payment - an $8 transaction on x money

each transaction id, originally visible only to sender and recipient, was converted to a sha-256 hash to create an artwork made of four 8x8 printing plates in cmyk (cyan, magenta, yellow and black)

the transaction id and settlement timestamp became public source data for the onchain artwork

the x money transaction settlement time (in seconds) determined which plates print - there are 15 different possible combinations of cmyk, so this process repeats 4 x per minute

if the original transaction id contained an 8, the resulting artwork metadata keeps track of each

the rarity calculation considers the color combination, the number of active pixels, the space they occupy after the plates shift, the number of 8s in the transaction id, and the registration of the plates

these qualities are measured against the completed collection and translated into a credit rating between 80 and 800

the rating measures those traits - it cannot account for every reason someone might value an image

the rating is fixed - the price is whatever someone is willing to pay

80 credits can be burned to create a statement

the collector chooses which credits to use and how to arrange them - their individual ratings are added together, and their colors become the material of the new artwork

a statement can take different visual forms without changing its rating

statements can also be overprinted - one is burned into another, combining their ink, ratings and histories

balance is the proposed next form

under this design, a statement can be permanently surrendered for its rating in divisible erc-20 tokens - one point becomes one balance

the statement is locked rather than destroyed - its artwork and history remain, but it can no longer be transferred

its quantity and color composition can move independently

each receiving wallet gets one non-transferable erc-721 artwork

the artwork stays with the wallet and reads its current balance of the transferable erc-20 token

the tokens move - the artwork updates

if the wallet holds nothing, the artwork remains and displays zero

when balances meet, their colors mix in proportion to the amounts received - when they split, each part carries a share of that mixture

the colors preserve an aggregate ancestry, not a traceable list of individual credits or statements

exchange custody can mix them further - a buyer may receive the exchange’s mixture rather than the particular colors a seller deposited

someone who never owned a credit or a statement can inherit their colors

credits, statements and balances can exist at the same time

some people keep the individual marks, some compose them into pages, and some surrender the page for something they can divide and exchange

others may simply prefer the balance artwork

composition reduces the number of surviving credits, overprinting reduces the number of surviving statements, and surrender moves statements out of circulation while releasing their accumulated rating as balance

the appetite for liquidity becomes one of the forces shaping all three collections

but making something divisible does not mean someone will want to buy it - actual liquidity still requires buyers and funded markets

balance offers divisibility, not a promise of demand

the market becomes a medium - its activity changes the distribution of the work, and when trading stops, that distribution remains

the price can disappear, the artwork cannot

[OSSEN @osseneth]

ok

[Trace @traceforms]

To reveal your character through decoding, you need 2 Traces:
1 Base + 1 Cipher

Check the Method trait:
Base = Key
Base64 / Binary / Punched card = Cipher

Any Base works with any Cipher.

Next: what determines the odds.

[SHREDDER @shredder_tegg]

You’re spending $1,800 on an iPhone 18

I spent the same $1,800 on 3 Argonauts.

If you sell that iPhone today, you’re already looking at a loss of at least $200.

Meanwhile, my 3 Argonauts are now worth around $5,400.

That’s a $3,600 profit in just one month.

Now I can buy 2 iPhone 18 Pros with my profit and still have my initial $1,800 investment intact.

You bought a liability.

I bought an asset.

Invest in assets, not liabilities.

[Ktrap @ktrap]

🔥 BURN 101 for @jackbutcher’s @vvcredits

CREDITS HAS TWO BURN LOOPS

I worked through the supply math & 80 CREDITS → 1 Statement is only the beginning

The second burn begins after the Statement exists

▷ FIRST CREDITS, THEN STATEMENTS

A Statement is a new artwork composed by burning 80 CREDITS

80 individual CREDITS
→ 1 Statement

Overprinting is a separate process

One Statement is overprinted into another, leaving one surviving Statement carrying the accumulated layers, underlying CREDIT history & Combined Credit Rating

Assembly reduces the number of loose CREDITS

Overprinting reduces the number of Statements

The history accumulates while the number of separately ownable NFTs contracts

▷ THE INVERTED EIGHT

Jack confirmed that Statements invert after 8 overprints

Here’s the derived math for a collector starting with ordinary Statements assembled from 80 CREDITS each:

1 starting Statement
+ 8 Statements overprinted onto it
= 9 base Statements involved

9 × 80 = 720 underlying CREDITS

So the clean path is:

720 CREDITS
→ 9 Statements
→ 8 overprints
→ 1 inverted Statement

The 8-overprint threshold is confirmed

The 720-CREDIT total is the math derived from that specific path

The CREDITS are burned during initial assembly

Overprinting then contracts the Statement supply

▷ WHAT PARTICIPATION COULD LOOK LIKE

10 Statements would require:

800 CREDITS burned
→ 10 Statements

100 Statements would require:

8,000 CREDITS burned
→ 100 Statements

10 inverted Statements reached through the clean 8-overprint path would require:

7,200 CREDITS burned
→ 90 Statements assembled
→ 80 overprints
→ 10 inverted Statements remaining

Every layer depends on collectors choosing to give up separately ownable works to create something more concentrated & scarce

▷ THE BULL CASE

The mechanism can contract supply at two separate levels:

Loose CREDITS disappear through Statement assembly

Statements disappear through overprinting

The inverted milestone gives collectors a visible destination requiring 9 base Statements, or 720 underlying CREDITS along the clean path

If collectors value the accumulated artwork, provenance, Combined Credit Rating & inversion milestone enough to keep merging, both supply layers can contract

👉 If both layers contract, scarcity intensifies on two fronts, fomo can follow, and the demand & burn loops can accelerate

NFA; Have fun collecting CREDITS & burning CREDITS to assemble Statements

[Ryan™️ @DigitalLiquidx]

onchain right now is basically 3-4 groups of KOLs just giga farming together lol

they vamp any good narrative with a proxima bundle which is easy to spot, you can just ask claude 99% of the time.

its just a psyop of greed, but karma always comes around

[DapperJon.eth @jonathanlynch_]

@Blondie23LMD @jackbutcher how many minted to make this

[DapperJon.eth @jonathanlynch_]

@OttoSuwen If you have a grail. All the others are plain black pfps

[Trace @traceforms]

7,777 Traces.

Only 3,888 characters will ever exist.

October 6.