The protocol’s multi-layered defense is a sophisticated engineering attempt to stabilize what is essentially a house of cards built on PulseChain’s speculative assets. It offers an illusion of security through technical complexity while ignoring the fundamental fragility of its underlying collateral.
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🥄 Spoony Wielders 🔥 HOT NEW pDAI ALPHAAdded:
Spoony wheelers, get ready for some hot alpha, once again. I am interested in PI. I've never seen anything like it before. I don't know if it's going to work out. It went to zero twice. Could go to zero for a third time. If you know of any unicorns, give it a sniff and send it our way.
I want to see stuff we haven't seen before.
Okay? If you haven't seen it before, that's all I want to know. Okay? Not just another meme coin where you go, "Hey Swami, you know how squirrels are funny and cool? Well, now we have like a Adolf Hitler themed one." The base it's another meme coin, you understand? You understand? Oh, no, no, now we have a transsexual Adolf Adolf Hitler themed squirrel. It's just it's another variation of meme coin. I just I don't want that, okay? Give me something we haven't seen before. That's it. All right? I want us to look. Now, 99 Capital has dropped a post here and it's very interesting. There is a keyword here, reserve protocol.
Why is that interesting? It's because I know that's my friends I'm giving the highest value content in crypto. It's not even close, bro. Friends, it's not even close. And thank you to Yak for his blue pegs. You're going to get some blue peg nipples right now. It's actually one of the world's firsts. Actually, we haven't seen many blue peg variations, friends. We've got the pink pegs here, but now we've got to bring the baby blue pegs.
Proof of pegging. Proof of pegging.
Okay.
So, 99 Capital has dropped a new thread.
Here we go again. ERC-1967 proxy upgrade for the Reserve Protocol.
Now, why is this interesting is Reserve Protocol is it's an Ethereum application. They had a stable coin.
I remember this from 2024.
Do you remember, friends? So, there was a heart coin that I nicknamed cuz there was no name for it and it was literally from 2024, friends. And it's actually crazy. I have the thread here for you.
Look at this. This is December 2024.
So, to summarize, so before we even go into 99 Capital, this is the context of what's going on, friends. This was back then, breaking P Die, more discoveries have been made on chain. Okay? And back then, we were using the term Richard Heart. It was shortly after this, I stopped using Richard Heart, and then I started I made the word PulseChain pioneers, cuz there's multiple wallets, multiple people. And you started getting an idea that this thing is much bigger than people think. Okay? So, the reserve protocol, it was a stable coin, and it had some upgrades, I guess, from the Maker DAO Ethereum die. Maybe call them upgrades, I'm not sure. Was it even battle tested?
Look at this. With this new stable coin, there are three lines of defense for the P Die peg. Number one, holders of P Die who earn yield.
So, [snorts] if you stake it, you earn yield, that's the the first defense of the line.
Number two, PUSD C as emergency.
Okay? So, I think that was another line of defense with collateral.
So, you could put the USD C, that's another line of defense, I guess another stable coin, to restore the peg. And then number three, origin address bags, ultra emergency.
So, there's actually it's actually cool.
I would say but this is why when I looked at it and I sniffed it and I had a bit of a lick, okay?
It's it's really it's true to the Richard Heart vibe, because he finds friends, he's got his he's literally he's got his nose everywhere. He's probably sniffed a lot of butts in his life.
He finds the coolest stuff in crypto. He finds the stuff that's like really cool, and he put he gives attention to stuff that no one else is even thinking about that's cool, cuz we have no idea what the hell is going on.
Um and why this ends up being useful is remember, he's looking cuz he's got a theme, he's looking for stuff to remove middle men. So, when someone in crypto makes something kind of ground breaking, he really pays attention to it. That's why it gave us the vibe that this isn't by chance. Like, let me ask you, do you know anybody else doing this? No, not even close, right?
Not even close.
The collateral for the vaults included HEX, PulseX, Pulse, and even wrapped Bitcoin.
Interesting.
pHEX earns the yield from pHEX pHEX and pHEX. After the peg, the idea is that everyone stakes pHEX to earn yield.
However, your stakes are the first line of defense to defend.
In a nutshell, PulseChain pioneers is setting up a central bank that is backed by number one, the people. Two, capital reserves.
Three, the people's assets origin address bags.
Interesting.
Imagine a world where Liberty Swap has rails and bridges everywhere, you know?
Imagine they're collecting fees from every bridge. Imagine that routes, and it goes to a USDC collateral pool.
That's one example, and that actually defends a peg. So, every time the transactions it it it would be like, man. It would be like every time there's a transaction you know how PulseX Okay?
Uh who Elon Musk borrowed the logo for X platform. You know how there's a buy and burn for this? Well, you know how you know it collects fees, and then it buys up PulseX. Okay? Well, imagine in See, by the way, this is the reserve protocol. Okay, we don't know if it's going to be used. It's never been battle tested, I think. So, I don't even know if it works, right? But, imagine instead of buying and burning, okay? It collects the fees from the trade, and then it stores it somewhere.
Instead of buying up the PulseX token, maybe it leaves it in USD.
Right? It just sits there as a as a treasury.
That would be very interesting. Now, PulseX is the way PulseX works now, it's actually the best system because it automatically takes the money and it buys PulseX token immediately, which is actually what you want for an for a token. But if you have a $1 re-peg, okay, like you don't want to be buying PII when it's like at a dollar.
You're like, "Well, why are you paying fair value?" Okay, but maybe it could be useful if it's stored somewhere in case a peg goes down, all right? Just giving you an idea, right?
What comes next? This is, friends, December 2024.
So, look at this. PII was currently 2 cents there. So, it's like more than 10 15x away.
More on-chain accents, liquidity farms, more bridges. So, obviously, friends, I love being pegged. Nice shirt.
So, this is actually, friends, this was the This is what actually looked like.
See, you have This is the test R token, a collateral basket. RSR over collateralization, emergency collateral.
That was what the rumored origin address bags.
Okay? So, that's why I nicknamed that there was a there was a nickname here like I call it just heart dime because that might have been like another coin, which is interesting because one of Binance's crossword hints said heart coin.
Very interesting.
Are you getting excited?
I mean, I hope I hope it works out. You know what I mean? We went to zero twice.
Remember, friends, we're here to flip hungry, okay? So, hopefully by the time you see it, you're getting more dopamine hits. Just letting you know.
So, I love all you spoony holders. We're going to now continue with 99 Capital thread.
So, there is a proxy upgrade for Reserve Protocol incoming.
PII to $1 is inevitable. So, if you're watching this right now, you now get to see if it isn't wild, man. That's why I'm here 18 hours a day, dude.
That's bonkers, dude. How do I remember I don't know how I remember this, friends. I just got We've got nothing else to do. You know what I mean? We're just here watching our bags. See, friends, that's why I like, you know, Jeff Gundlach and the stinky guy and every other investor, Peter Lynch, Warren Buffett, they always say, you know, concentrate and then go like really, really super hyper focused on your bags.
Doesn't necessarily mean you win, but that's the way to make it. You're not going to make it anywhere by like doing this diversification junk or trading.
You're not going to make it there.
Some will remember we found Reserve Protocol in the early days. It was a multi-layered decentralized stablecoin pool that the pioneers were interacting with on PulseChain. See below. So friends, you see that?
My tweet from 2024.
Here is Mr. 99 Capital, Mr. Holding 9.
Mentioning it now.
Isn't it interesting? He's got different parts of it. Now, do you kind of see how there's multi-parts, friends? 1 2 3 4.
Okay? This is interesting. In the case that the proceeds of the auctions and any excess collateral still in the system do not provide enough value to fully collateralize your peg with your emergency collateral, the protocol attempts to re-peg it using RSR tokens staked in the contract.
Very interesting.
So, you know, it it's showing you that there's multiple parts. Isn't it cool that I You know, it's funny, friends.
You know when I did it back in 2024, it took a long time to understand like what the F we're looking at. We had no idea.
It just makes sense now cuz it absorbs, but that's the thing, friends. When you're dealing with a unicorn, look how long it took me to learn about it. You know what I mean? I've got some nipple pegs on. You know what I mean?
Yes, my nipples are perky.
Yes, my elbows are pointy, but see, it takes a long time to absorb cuz you don't know what the hell you're looking at.
It It's frustrating because you got to do the hard work, and I know you like it hard in a family-friendly way, but it That's how you can get to see this information asymmetry. Cuz if it's if we're here all the time, and it's taken us time to look at something, we're like, "Bro, we don't even know what we're looking at." You know, it's like early Bitcoin. You're like, you don't know what you're looking at.
If there is edge here, you get the asymmetric upside.
It's you only need one in your life, by the way. You only need one asymmetric upside winner. I I know if it's going to be it, okay? I don't know if it's going to be, friends. I'm just saying it would be very nice if it is, okay?
So, look at all these different moving parts, friends. That's why I call them pulsechain pioneers. You got Aida, you got curve, curve liquidity pool.
It's interesting, right? Very interesting.
And then 99 capitals. This action will take over reserve's governance by upgrading its proxy. The big question is why now? Of course, it's probably nothing.
Pida to $1.
Just to let you know, friends, uh probably nothing.
That's me spamming everything, you know what I mean? So, that's that's also coming from me. They must like what I say. You got to remember, friends, that like uh what I do, cuz if there's a lot of you, some like sometimes people think I'm in the cabal. I'm not in the cabal, dude.
Friends, if I was in the cabal, I'd be selling my belly button belly button on the street to get money to throw in. You understand? Cuz this is not a question of whether or not Pida can work. It's do you think it's random or not?
That That's the best thing about a That's the best thing about a unicorn.
When you're early, you don't even need a damn thing to win.
You just need people to try to get it to win.
Just like Bitcoin.
The whole point of Bitcoin is to flip gold. It's to flip the US dollar, yeah?
That's like a gold 35 trillion now, right?
If you're buying Bitcoin at $100 when it's like a billion market cap, you don't even need to get it to flip gold, dude.
From a billion market cap to a trillion, right? That's a What is that? A thousand X? Yeah, like a thousand X. You don't even need it to flip gold cuz you're early enough, right? You you you just need people to try to get it to flip gold, right? See, now, if you're long Bitcoin, there's no more trying. You actually need it to flip gold.
You really do, you know what I mean? To make it worth your while.
You need Bitcoin to do a 30X from here to make it worth your while.
Yep, but look when you're buying, you're buying after Roc La Negra.
You're buying after Michael Saylor's Ponzi.
You're buying after the whole world lists it. It's listed on MSNBC on the shows. You see that? It's now accepted by the president.
It could be the It could be the same as like you buying PDI guess at like, you know, 10 cents.
Which, yeah, there's still a 10-X in it, but you like you need it to actually have a path to winning now. Whereas right now you actually don't. Because like just to, you know, just to show you from here, fans, um I know we always have fun with the PDI Global Flip Ladder, but fans, if you think PDI can just get to Terra Terra Luna's UST, that's 42X away, dude.
You know, fans, even from here back to the all-time high, that's 20X away.
Like you can sell half.
You sell half, keep half, you already made a 10-X, you know? You can't lose at that point if if it gets there. So, after watching this video, you now have context with Mr. 99 Capital and that Reserve Protocol, right? And um I was making posts literally 2 years ago about heart die cuz I was actually thinking what happened to that system? Now, with this system, we don't actually know if it will be it. You want to know why? I don't even know if it's battle tested.
So, one thing about Richie, he doesn't use stuff not battle tested.
That's why we saw the Reserve Protocol and we saw Maker DAO, and we all thought the Maker DAO system was going to go a different way. That's why it like killed us when like Caddy Caddy came in and took a big fat dump on us. You know? Some people paid for that.
Thank you, Caddy. You know? Um that's why we were like surprised. It was like shocking in a bad way cuz we were like, "Damn it. Like Maker DAO's proven.
Maker DAO works. We have E-die.
Uh what now? So, we don't we don't know.
All right, but that's part of, I guess, the mystery about it. That's also why Look, as well, friends but buying it here and I'm going to keep it family-friendly, okay? I don't know what happens, all right? I don't know what happens. Go suck a fat one. Good luck. Go buy someone else's $2,500 indicator. Get out of here, all right? I don't care. I'm just letting you know.
If you think this has a fighting chance, these are gift prices. You put it on a linear chart.
Look how [ __ ] low it is. And it is it is it is a gift, right? Because if you think PII, okay, maybe 3.3 cents is too much for you, dude. But friends, if you think one day PII can get back to here, that's a Dude, that's a 10x away, dude.
That's a 10x away.
You know if Bitcoin actually gets to its all-time high, you get like a 70% gain, 0.7x.
Yeah, but you're not taking on much risk, are you? You know Michael Saylor's actively buying money for the Ponzi.
It's not a unicorn anymore.
All right.
So, see that's that That's not even the all-time high, bro. You get a 10x for me. That's But these are rare. That's why I'm asking you. If you have unicorns, share with us. Share, friends.
I I just think look out for it.
Look out for the stuff you haven't seen before, right?
So, I wonder how this is going to play out.
It's bigger, friend. That's what she said. Here we have Mr. Sir Nathan. Sammy was right. The $1 prophecy is real.
Yeah, it's real. No, it's fake. It's real.
So, there you go, baby dolls. Um this adds to my conviction. Stuff is happening. I don't know exactly what it means. But you got to remember as well um every sign you every time you see a pleb there come out and say, "You don't sound very convincing. Tell me how it's going to play pig. Oh, tell me. Tell me where the collateral's going to come from.
How's it going to work?"
Put your pants back on. No one has any freaking idea, dude. Do you think if I had any idea of how this thing was going to certainly work, do Do think I would be sitting here wasting my time on this quickie chair?
Like I said to you, friends, I would put on some stockings, my Pocahontas wig, some lipstick, and I would be selling my belly button to get capital to throw it into this thing. If I had any idea where the hell the capital was going to come from or how it was going to work, if I could see half a system. Okay, so I'm just letting you know. Um and to be honest, it sounds fun and it sounds like it's what you want, but I don't want that.
I don't want that. Look at the pain we went through.
Look at the pain we went through. It's almost like it owes us our 7 lbs of flesh. We're like the believers. It's still at a believer's price, by the way.
Dude, you get a freaking 20x if we go back to the all-time high. Do you know what I mean? Like Like Yeah, that that's That's all I'll say about that. But look, friends, even at the end of the day, a lot of people they think they think the price is going to sit here and all these amazing on-chain things are going to happen. Richard Heart tweets about the PII chart 19 times and they all get to buy and get a 1,000x. Doesn't happen like that. The market's smart.
As the price goes up, right? The market You This is all of everybody. People will start to compute their odds of whether or not they think this thing is truly a random appearance or not.
Or do you think there's someone trying to get this to succeed? Because right now, friends, if you think PII has just a 1% chance of working, you are still saying it's underpriced. From here to 1 cent is a whopping 6x, bro. 500%. That's if you think there's a 1% chance this works. Wow.
What if you think there's a 10% chance this works?
Look at how low the price it is. It would literally be from here to 10 cents.
Oh my gosh, man. That is a 63x away. If you think there's a 10% chance of this working.
That's wild, dude. Now, you might want to know I would ask, "Hey, hey, why isn't it there right now?" Cuz it's a That's why I'm telling you these unicorns stay under priced for so long cuz people don't know what the hell they're looking at. Because it takes it's information asymmetry. The information is not readily digestible by everybody in the marketplace. You have to keep digging and digging and digging and digging. Like who's this 99 capital?
Is this guy a rugger? What the hell's on chain? Who's the pulse chain pioneers?
Oh my gosh, I've never seen perky nipples like this. Exactly. People are very surprised when they see them.
Once you start digging, you might discover like a big gem. And you might think, wow, the market I think is repriced priced on this, right?
That's why friends I always ask people how likely do you think it is P9 does succeed, right? Many people still Many people actually say it's it's funny. If you ask the average participant, they give you the actual price today.
We did this on Twitter spaces about a year and a bit ago. I asked everybody on Twitter spaces. Remember we went through like 12 people, friends. I did like my It was like I did a 1v8. And then I think Roissan Hart came. I think Roissan cheated, by the way. I think Roissan's out. I don't know if he's still here.
I did like a 1v8 then Roissan backed me up. Then it was 2v9. Friends, LITERALLY 1V8.
>> [gasps] >> I ASKED EVERYBODY, WHAT ARE your odds that you think Richard Hart's behind this? See, I asked the question in a different way. And everybody said less than 1%.
Found that interesting. I go, bro, after all that, you think 48 coincidences less than 1%? That's it If If you ask everybody, you get the market price.
You get the market price. The market's always right. It's actually what everyone thinks.
So, yeah, yeah, don't let my conviction, you know, fool you for anything, friends. I don't know what the hell is going on. I just think like Look, man. Friends, I'm making UFO videos, you know what I mean, friends?
Carl O'Dom comes back, puts 12 bullets into a pastor, six bullets deflect, it misses his heart, misses his brain. They told him don't talk about the lizard skin stuff. You understand, friends?
After I put all of that stuff together and I'm questioning reality, there's no way you're going to get me to sit here and go, yeah, bro, this is totally random.
You know, this 99 capital guy just knows exactly what they're thinking.
Let me know what you think, friends.
This game, remember, if you find unicorns, dude, it's the secret sauce.
Okay, because it stays mispriced for so long, everybody gets a chance to get in.
It's just the thing is, you have to know what to look for.
That's why I'm telling you, look for stuff you haven't seen before, and then we'll think about it. Like, subscribe, catch you in the next one.
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