On a positive note, here’s a message from @RichardHeartWin via the lawyer who visited him today:
“I am doing alright and send my regards to the community. I know I am innocent and trust that justice will prevail.”
This clip is the first time I ever spoke to Richard.
When I say I’m recording the sciVive audio- and the whole room interrupted with applause- I remember thinking “wow, this means a lot to a lot of people!”
Now here we are, and a whole lot of people are going to mean a lot to him.
Thanks everyone for your patience, we want to do this right and be as helpful to Richard and his lawyers as possible.
As per @grok
The attached analysis is largely accurate on the facts and history. The U.S. debt is not designed to be paid off in nominal terms; it is continuously rolled over. As of early November 2026 it stands at roughly $40.5–40.6 trillion. Traditional foreign official buyers (especially China) have steadily reduced their holdings—China is down from a 2013 peak of about $1.3 trillion to roughly $590 billion—while the U.S. has increased reliance on short-term Treasury bills. A new, growing source of demand for those short-term instruments has appeared in the form of dollar stablecoins.
Everydebtclock
SCMP
Historical progression
The gold-backed Bretton Woods system ended with the 1971 Nixon shock, after U.S. dollar liabilities far exceeded gold reserves. The subsequent petrodollar arrangement (Saudi Arabia pricing oil in dollars and recycling proceeds into Treasuries) provided the next foundation. That system has weakened as oil exporters and large official holders diversify. The 2025 GENIUS Act (signed July 18, 2025) created a federal framework for payment stablecoins that explicitly favors reserves in cash, bank deposits, and short-dated Treasury bills (generally ≤93 days or equivalent highly liquid instruments). This regulatory channel turns stablecoin issuance into structural demand for U.S. short-term debt.
Everycrsreport
Stablecoins as the new buyer
Tether is the clearest example. As of its September 30, 2026 attestation, it held about $122.8 billion in direct U.S. Treasury bills and reported roughly $132 billion in total Treasury exposure (including related instruments). That is larger than the official holdings of many countries and comparable to mid-sized official holders. The total stablecoin market is approximately $290–295 billion, with USDT dominant.
Lecoin
Because compliant issuers must hold high-quality liquid reserves (preferentially short-term Treasuries for yield), every net dollar of stablecoin growth creates corresponding demand for T-bills. The Treasury’s heavier reliance on bill issuance (bills are a large share of near-term maturities and rollover volume) aligns with this demand. The loop is self-reinforcing: more on-chain dollar usage → more stablecoin issuance → more T-bill purchases.
Important caveats
Stablecoins are a meaningful incremental buyer, especially of the short end, but they are not yet the dominant foundation. Total market size is still a few hundred billion against a $40+ trillion debt stock. Domestic private buyers (money-market funds, banks, leveraged funds) and other foreign holders continue to absorb the bulk of issuance.
The debt continues to grow because of ongoing deficits. Stablecoin demand helps finance the rollover; it does not shrink the principal or the structural deficit.
Concentration risk exists. A few large issuers dominate. A sharp contraction in stablecoin supply, a regulatory shock, or a loss of confidence could reduce T-bill demand at the margin.
The irony noted in the text is real: Bitcoin was created in part as a response to the trust problems and inflation risks of fiat systems (Satoshi’s 2009 comments). Dollar stablecoins, by design, re-anchor on-chain activity to the very system they were meant to escape, and they do so by funding U.S. government borrowing.
In short, the “foundation” has shifted from gold to oil to a combination of residual official demand, domestic private capital, and now regulated dollar stablecoins that are required to hold short-term U.S. government debt. The system remains one of continuous rollover rather than repayment. The stablecoin channel is a real and growing feature of that rollover mechanism, especially at the short end, but it is an addition to—not a full replacement for—the existing buyers.
🚨 ZKX WALLET DESERVES SERIOUS SCRUTINY
This isn't a meme coin
This is a browser wallet that handles your KEYS + SIGNATURES
Yet today: If that wallet has a bug, hidden code, bad update, or security flaw, someone could potentially SIGN or MOVE FUNDS you never intended to move
That's why users need to know:
🔴 Is the wallet code public?
🔴 Has an independent security company audited it?
🔴 Can experts see how the wallet protects your keys?
🔴 Can outside services see your wallet address/activity?
Right now, ZKX says:
"Security you can verify"
But their Core Architecture page is still TBA, and I can't find a clear public audit or source code for the wallet
And using RAILGUN for privacy does NOT automatically mean the wallet itself is safe
Think of it like this:
RAILGUN may protect the road.
But ZKX is the CAR carrying your money.
We still need to know whether the car itself is safe
Before trusting any wallet with serious money:
SHOW THE CODE. SHOW THE AUDIT. SHOW HOW THE KEYS ARE PROTECTED.
That's what "security you can verify" should actually mean
#Pulsechain #pls #plsx #hex #inc #prvx $PLS $PLSX $HEX $INC $PRVX $pCOCK
something big is cooking at Piteas 👨🍳
testing has officially started for a major upcoming upgrade, and this isn't just another router patch. almost every layer of the architecture is being pushed to a whole new level.
here's what's coming 👇
📍 better quotes, across more routes.
early bps benchmarks across 2,844 routes are showing serious improvements: 2,308 positive results against just 3 negative ones. both major and exotic routes were included. the numbers are speaking for themselves.
🚅 sub-second quoting is getting real.
a massive latency improvement is underway. p99 path-solving tests stayed within 2.4s, while fetch/mainnet simulations averaged just 891ms. less waiting. more execution.
🔆 a completely redesigned routing strategy.
routes can now split up to 5 ways, hop depth dynamically scales up to 5, and each hop can independently split into as many as 5 paths. more flexibility, deeper exploration, and a much wider search space for efficient execution.
🧠 server-side quoting, rebuilt.
a new server-side quote architecture introduces a different approach to computation. orchestration, routing, and transaction delivery now operate as independent layers. less coupling. more control. better scalability.
👾 AI is joining the routing game.
the experimental AI protocol, previously available in a limited form, is becoming an active part of the routing architecture. its modules will continuously feed improvements into the pathfinder. permissions remain intentionally limited for now, with further expansion planned over time.
🧮 real math. real execution.
everything is being tested at lab level using actual mathematical calculations, not imaginary outputs or scripted scenarios. current tests show 99.8% consistency at p90, with executable call data prepared for upcoming blocks rather than relying on hypothetical results. the same execution-first philosophy, now pushed even further.
🩻 more capacity for builders.
both public and enterprise APIs are getting significant upgrades in capacity, capabilities, and rate limits. better quotes. faster responses. stronger infrastructure.
⛓️ and here's the important part for existing integrations:
the initial rollout will preserve the current API parameters and router interfaces. no migration or integration changes will be required from existing partners. when the full transition is ready, playground environments and migration guides will be published in advance. the goal is to make upgrading a matter of minutes, not days.
and beyond the tech, one thing remains unchanged:
these are tough times, but backing down was never part of the plan.
Pulsechain is a legacy worth building on. the mission is to push it forward, build real infrastructure, and make sure Richard can look back at what this ecosystem has accomplished with pride.
that's what real conviction looks like. not just words, but code, execution, and relentless building.
and @RichardHeartWin, wherever you are, hopefully you'll be back soon. the comeback should be louder than the setback.
have a great weekend, everyone!