Filtered dossier

Novice

Clearance level 1.

  • 12 / 12
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    Trust Protocols Entry #0882

    Why deposits locked are quoted as if they were revenue

    Total value locked is presented as a sign of success, but it measures money parked by users, not money the protocol earned or a profit it made.

    Novice
    The hidden part #0882

    Locked deposits are money passing through, not money earned. TVL measures who parked, not what the protocol made.

    Open file
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    Trust Protocols Entry #0878

    Why a wallet with three signers is called decentralised

    A multisig held by three people is presented as decentralised control, but three signers who know each other are a committee, not a crowd.

    Novice
    The hidden part #0878

    Splitting keys is not splitting power. Three aligned signers are a committee wearing the word decentralised, and a committee can act as one.

    Open file
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    Trust Protocols Entry #0876

    Why an audit badge reassures more than the audit report says

    A green audited badge calms a reader far more than the report it links to, because the badge is read and the report, with its caveats and unresolved issues, is not.

    Novice
    The hidden part #0876

    A badge is read in a glance; a report is read by almost no one. Safety is inferred from the symbol, not from the findings it links to.

    Open file
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    Token Economics Entry #0871

    Why a token backed by nothing still trades on a promise

    A token with no cash flow and no claim on assets can still hold a price, because the market is pricing a shared story rather than an underlying thing.

    Novice
    The hidden part #0871

    A price is not proof of backing. When nothing anchors it, the number measures how long the crowd expects the crowd to stay.

    Open file
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    Token Economics Entry #0868

    The reason a two-token model hides where the money leaks

    Splitting economics across two tokens lets the project show growth in one while the other absorbs the losses, making the system look healthier than it is.

    Novice
    The hidden part #0868

    Two tokens let one carry the gains and the other carry the losses. The community watches the winner and ignores the one doing the losing.

    Open file
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    Token Economics Entry #0863

    Why a buyback funded by new tokens changes nothing

    Minting tokens to buy tokens back is a loop that creates the appearance of demand while leaving net supply unchanged or worse.

    Novice
    The hidden part #0863

    A buyback funded by minting is a dog chasing its own tail. The demand is real; the money is not. Net supply stays flat while the headline does the heavy lifting.

    Open file
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    Token Economics Entry #0861

    Why the paper describes demand and never the sell pressure

    A whitepaper that models only demand lets the reader imagine unlimited appreciation, while omitting supply-side mechanics that would reveal the ceiling.

    Novice
    The hidden part #0861

    A model with demand and no supply is not a model — it is a promise. Every price goes up in a world where nobody sells.

    Open file
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    Token Economics Entry #0857

    Why doubling the token count can leave you owning less

    A token split doubles your units but also doubles the total supply, so your ownership fraction stays flat while the bigger number feels like a gain.

    Novice
    The hidden part #0857

    More tokens is not more value — it is more digits. The brain counts units, not fractions, and the project profits from the difference.

    Open file
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    Token Economics Entry #0853

    Why locking your tokens is sold as a reward, not a restriction

    Staking locks liquidity and reduces sell pressure, but framing it as a yield opportunity makes holders volunteer for the restriction they would otherwise resist.

    Novice
    The hidden part #0853

    The yield is not a reward — it is a rent the protocol pays for your exit option. You give up the right to sell; the project gives up a number that costs it nothing to print.

    Open file
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    Token Economics Entry #0851

    Why a token that burns supply feels like it earns you money

    Burning tokens reduces the denominator, making each remaining unit a larger share of the whole — but the illusion of gain hides the absence of new value.

    Novice
    The hidden part #0851

    Burning tokens is like tearing pages from a ledger and calling the book more valuable. The share grows; the value does not. The brain sees the fraction and forgets the denominator trick.

    Open file
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    Decision Fatigue Entry #0846

    Why a menu split into three sections is chosen faster than a single roll

    A sectioned menu is chosen faster because categories pre-filter the set, reducing the number of pairwise comparisons the brain must run before committing.

    Novice
    The hidden part #0846

    A section is not an organiser — it is a filter. Each category the diner dismisses removes ten items from the comparison set that their brain would otherwise have to process one by one.

    Open file
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    Decision Fatigue Entry #0843

    The reason a timer rushes a fatigued decision to yes

    A timer rushes a fatigued decision to yes because time pressure removes the last resource a depleted brain needs to deliberate: the option to think longer.

    Novice
    The hidden part #0843

    The timer does not create urgency — it removes the pause that a depleted brain needs. Without time to recover, the only available answer is the fastest one: yes.

    Open file