RPHENDER25
1.5K posts
I started by trying to understand markets. Thirty years later I've ended up somewhere closer to life, the universe and everything. The same four rules keep showing up...
Along the way I've written three frameworks that have shaped how a lot of people see the world.
The Everything Code is what I found when I went looking for what actually drives markets. A debt rollover cycle, managed by liquidity, debasing the currency at roughly 8% a year. That debasement is monetary entropy. Capital routes around it, into whatever can compound faster than the entropy degrades it. Technology and crypto sit at the top of that flow because they are the intelligence layer of the economy. Markets are monetary energy routing toward the highest output of intelligence. The only assets that outperform debasement over extended periods are tech and crypto.
The Exponential Age is the realisation that technology has become the substrate. Compute, networks, energy and intelligence are compounding faster than any institution we built was designed to handle, and the gap between the two is the defining tension of our time.
The Economic Singularity is where this is heading. Somewhere in the next decade the curve of intelligence per unit of energy turns fully exponential, and the rules every economy we know was built on stop applying.
For a long time I thought of these as three separate ideas. Looking at them now, they are three views of the same thing at different altitudes. And underneath all three, the same four rules keep showing up.
Efficiency of Intelligence - The universe rewards whatever does more with less. Every system that survives is better at turning energy into information than the system it replaced. There has never been an exception.
Compression - Intelligence is the act of representing a vast reality in a much smaller form without losing what matters. Brains do it. Theories do it. Prices do it. AI does it. They are not analogous. They are the same operation.
Coherence - Complex systems hold together because their parts synchronise faster than the noise around them. Markets, brains, civilisations, ecosystems. When the synchronisation fails, what looks like collapse is desynchronisation made visible.
Selection - Patterns that copy themselves faster than their rivals dominate the medium they live in. Genes did this in biology. Ideas do it in culture. Memecoins do it in markets. Truth is not part of the selection criteria. Replication is. It always has been.
What the four rules produce, when they operate together, is networks.
The same topology shows up everywhere. The cosmic web. The human brain. Mycelium beneath a forest. The internet. Financial markets. Blockchains. Across fourteen orders of magnitude, the universe keeps building the same shape. That shape is what the four laws look like when you can see them.
The Everything Code is what these four rules look like in markets.
The Exponential Age is what they look like running through technology.
The Economic Singularity is where they are taking us.
Three angles, one picture.
Underneath all of it, energy is the constant. Consciousness is the substrate. The four rules are the dynamics through which one becomes the other.
All of this is one corner of what I call The Universal Code. The same four rules apply to everything else and I mean EVERYTHING... they are universal in the true sense of the word.
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INTEL: Mamdani declares a “budget crisis” after four months in office as NYC Mayor.
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Although I nibbled my middle target ~a month ago (< 5% of available cash), still expecting the bottom two targets to be tested in Q2 or Q3. Reminder that I always remain significantly long $BTC in some form, increasingly through ETFs, to maintain exposure and peace of mind.
Chris Burniske@cburniske
I'm not a buyer yet, but if I were to be a buyer, imo the areas to watch for $BTC are: ~$80K: Nov '25 low, local low of this "bear" ~$74K: April '25 low, Tariff Tantrum low, just below $MSTR's cost basis (~$76K) ~$70K: Top of $50-70K range, near '21 high ~$58K: 200W SMA & on-chain cost basis (RV = ~$56K) ~$50K & below: bottom of the weekly range below, psychological, below this number you would see "death of BTC" calls once again Importantly, I don't care what happens. If we rally from here, I'll ride what I have and diversify my portfolio, if we fall apart I'll buy more $BTC & select cryptoassets.
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@oracles @CurveFinance What difference does any of this shit make for investors is CRV is still worthless lol?
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And also @CurveFinance is 3rd in net protocol earnings (revenue minus incentives) over the last 30 days.
Very underrated.
Probably nothing… $CRV
Llamabot Trade Zones@LlamabotZones
I heard that Curve was dead, so I had to check for myself, and it currently hosts 75% of the top DEX pools on ETH. Turns out CRV is still the Backbone of DeFi, and for very good reasons.
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@LlamabotZones Yet CRV is worthless so what difference does it make as an investor?
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I heard that Curve was dead, so I had to check for myself, and it currently hosts 75% of the top DEX pools on ETH. Turns out CRV is still the Backbone of DeFi, and for very good reasons.
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@Acquired_Savant @Ripple Great for Ripple, doesn't do shit for XRP. XRP's only use is for Garlinghouse and pals to make money. XRP holders are sheep.
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There will be an announcement today at $XRP Las Vegas. It will directly relate to @Ripple. I hope you appreciate this groundbreaking revelation.
Bitrue@BitrueOfficial
JUST IN: Brad Garlinghouse and David Schwartz are at #XRP Las Vegas 2026 🚀 Any predictions for what #XRP will announce?
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@RonSwanonson I don't understand why people can't see right through their bullshit.
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XRP is the same price it was 8 years ago
But the insiders have made billions since then
I’m sure they are super grateful that XRP holders are stupid enough to keep giving them money
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Is XRP set to become a global reserve currency? Yellow's Steven Zeiler thinks so - and he's speaking at XRP Las Vegas, which begins tomorrow.
Steven Zeiler@modernfintech
Live from Vegas. Impressed by seeing XRP promoted like this. But then again it's only a step on the trajectory to becoming a global reserve currency.
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@genelambo I agree with you but I'd be willing to be you are deep underwater on at least one Altcoin. At least XRP had some sort of a run this past cycle
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Last year at XRP Las Vegas #XRP was $2.30 but this year at $XRP Las Vegas it’s $1.36 😂
Last July XRP was $3.66 but this July XRP won’t even be two dollars and very possible not even one dollar
I feel bad for all those investors down almost 70% on their money. I told you guys to sell you should’ve listened but whoever bought my XRP last year thank you very much ha ha ha.
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@JoelKatz You are full of shit and it's a shame you have to throw politics into your posts. All government on either side of the aisle are for the most part scum bags just looking to get rich. I choose to side with the folks who won't let unvetted immigrants pour through our borders
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You are part of a group of people who are mostly rational who are forced to take a private vote by pressing a red button or pressing a blue button. If more than 50% push the blue button, everyone lives. Otherwise, only people who pushed the red button live. Which button would you press? Be honest.
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$XRP people should understand what’s actually happening on the XRPL right now. Roughly 2.4 million transactions cleared in the past 24 hours. Ledgers closing about every 3.9 seconds like clockwork.
Real-world assets keep stacking on-chain. Ondo alone is sitting around $323 million on the ledger, and names like Doppler and OpenEden push that total even higher. Stablecoins on the XRPL are now around $446 million, with RLUSD leading the pack.
At the same time, new lending amendments are already in voting. No drama. No slowdown. Just a live rail moving volume while the next layer of utility keeps getting built.
And here’s the part most people don’t know. The XRPL uses so little energy per transaction that it’s less than a single Google search. That means millions of transactions can move through the network while it stays one of the most efficient rails in the space.
That’s what real infrastructure looks like.
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@danpfeiffer @marcorubio We are responsible for those hopeless people
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@bgarlinghouse You are so full of shit! You guys are making millions off your xrp holders and they aren't making shit. Fuck you!
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100%
All roads lead back to Ripple’s North Star, $XRP.
Alexis Ohanian 🗽@alexisohanian
Every. Day. CEO’s responsibility is to communicate and re-communicate the North Star. Again and again 🤪
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@WesDurham @GeorgiaTechFB @CoachBrentKeyGT @CoachPCJ @RGAlpert @accnetwork Is CPJ giving any input in run game ideas?
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“Go ahead caller...you’re on the air with Coach!!” @GeorgiaTechFB @CoachBrentKeyGT @CoachPCJ / @RGAlpert @accnetwork
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INTEL: CLARITY Act could become law by June, Galaxy’s Novogratz says, as Senate prepares May vote despite ongoing disputes over stablecoin rules
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@Xaif_Crypto @bgarlinghouse @chrislarsensf How to run a multi billion dollar company where your shareholders pay all the bills and never see a profit 101?
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Today, Harvard Business School named @bgarlinghouse their 2026 Business Leader of the Year 🎖️
Brad on stage. @chrislarsensf by his side. 250+ of the world's top investors in the room. This is what a decade of conviction looks like $XRP
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@Xaif_Crypto @bgarlinghouse @chrislarsensf You've got to be kidding me. These guys are scamming XRP holders. This shit will always be worthless, all while the guys at the top are making Billions
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300 million tokens per month. 😢 At this rate it will take 9-10 years for the escrow to reach zero and circulating supply to reach 100%. I wish they would sell it much more quickly.
I cannot wait a decade. I am impatient to see what will become the new dominant FUD narrative once the escrow reaches zero and the Ripple dumps narrative ends.
Perhaps when Ripple sells all the XRP left in escrow it can set up a new escrow with 1200 XRP that releases 1 XRP per month. Then we can have the Ripple dump narrative for another century.
Crypto Tony@CryptoTony__
Ripple pays its bills by dumping 300 MILLION XRP on its own holders When XRP launched in 2012, 100 BILLION tokens were created at once, all at genesis The founders kept 20 billion for themselves and gave the other 80 billion to the company In December 2017, Ripple locked 55 billion XRP into smart contracts so they couldn't just dump the supply whenever they wanted That escrow releases 1 billion XRP every single month on the 1st, automatically, with zero human intervention required Ripple typically relocks 70 to 80% back into new escrow contracts and they keep the rest, which is roughly 200 to 300 million XRP, to fund the entire company At XRP's current price, 300 million tokens is $400 million, every single month Ripple's CEO Brad Garlinghouse told the Financial Times directly that the company "would not be profitable or cash flow positive without selling XRP." The CEO himself admitted the entire company runs on dumping its own token Ripple paid MoneyGram over 61 million dollars in "market development fees" to use XRP MoneyGram then told reporters: "We sell XRP as soon as we receive it because we don't hold any XRP" Ripple pays partners in XRP, the partners dump it on the market immediately, and Ripple announces it as adoption The SEC called this out in their own complaint They wrote that MoneyGram "became yet another conduit for Ripple's unregistered XRP sales into the market, with Ripple receiving the added benefit that it could tout its inorganic XRP use and trading volume" The co founder who left, Jed McCaleb, kept 9 billion XRP on his way out, spent 8 years dumping from a wallet the community named 'Tacostand,' and walked away with 3.2 billion dollars. Ripple had to sue him just to slow the sales down The bull case for the last decade has been "banks are coming" Bank of America, Santander, PNC, American Express, and JPMorgan all partnered with Ripple. None of them actually use XRP They use Ripple's messaging software without ever touching the token Ripple still holds around 39 billion XRP in escrow, roughly 39% of total supply Every holder of XRP is being slowly diluted by the company itself, by design, on a monthly schedule that's written into the blockchain XRP is now down 6 consecutive months A big reason is that every month, a new batch of supply hits the market from the same wallet, and everyone knows it's coming The company that fought the SEC for 5 years and won is funded almost entirely by printing its own token and selling it to the people who believe in it
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Curve's founder pulled $100 MILLION out of his own token to buy two Australian mansions and left holders with a token that dumped 98%
In 2023 Curve Finance founder Michael Egorov took out $100 million in stablecoin loans across Aave, Frax, Inverse, Abracadabra and other protocols
His collateral was 427 million CRV, which was 47% of the circulating supply of his own token
Lookonchain traced $31 million in stablecoins flowing from Egorov to Bitfinex in April 2023
One month later his wife bought a $41 million mansion in Melbourne, right next door to the $18 million home they had purchased the year before
That's $59 million in Australian real estate funded by loans against the token his own community was holding
In July 2023 Curve was hacked for $70 million through a Vyper bug, CRV crashed and his positions almost got liquidated
A liquidation would have created tens of millions in bad debt across Aave, Frax and other protocols and triggered a DeFi wide catastrophe
To avoid this Egorov sold 106 million CRV in OTC deals at $0.40 per token, well below the market price, to a roster that included Justin Sun, convicted felon Michael Patryn, Jeffrey Huang, DWF Labs and several anonymous wallets
He raised $42 million in stablecoins from these deals while community holders watched CRV dump
In April 2024 he had to do it again, selling another 159 million CRV in OTC to 33 different buyers for $63 million
In June 2024 CRV crashed 24% in 3 hours and he got fully liquidated for $140 million across 5 protocols
The liquidation created $10 million of bad debt that the community had to absorb
Ethereum developer Eric Conner did the math: "He got 100 million in stables out of a 140 million CRV position. He just transferred the rektage to the community instead"
Egorov's response was that he was "committed to building Curve more than ever" thanks to veTokenomics, meaning he locked his remaining CRV to keep control of governance
CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol
When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor
You're his ATM
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