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Lightweight and Flexible Data Access for Algorand
March 24, 2023
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Algorand has released a new tool for blockchain data access: Conduit. Conduit is a modular plugin-based tool and a powerful upgrade to the one-size-fits-all Indexer. Conduit allows dapps to get exactly the data they need in an affordable deployment.

Useful, but bulky: the Indexer

The Indexer is a ready-to-go open-source tool that pulls the data from the blockchain, stores it in a database, and offers an API to serve that data. The existence of the Indexer has been a significant boon for the Algorand ecosystem, allowing anybody to easily read the Algorand blockchain.

However, the Indexer has historically had one major drawback: it is expensive to run. There are two main reasons for this:

  1. Running an Indexer requires also running an archival node that stores every block since the beginning of the blockchain.
  2. The Indexer collects the entire blockchain history (every transaction since block zero) in a Postgres database.

These facts make the Indexer a multi-Terabyte deployment. A typical Indexer requires a number of expensive resources, and these multiply for production deployments needing redundancy, load-balancing, and covering multiple regions.

The scale of the Indexer also makes it slow to initialize, and only capable of serving the specific queries for which it is indexed. As the Algorand blockchain has grown, it has become impractical for smaller projects to maintain their own Indexers.

Consequently, the ecosystem mostly relies on a few API/data providers. These providers run Indexers and charge dapps for their API calls. This is more economical and practical than each group running their own Indexer, but it presents other inflexibilities.

Dapps should have an accessible option to own their own data access infrastructure. This is what Conduit was built for.

Conduit, the Basics

Conduit is a new solution with several major advantages:

  1. Conduit does not require running an archival algod node.
  2. Conduit lets users filter incoming blockchain data, allowing them to collect strictly the data they need for their applications.
  3. Conduit offers a data pruning feature that allows users to automatically delete old transactions when pruning is enabled.
  4. With Conduit, users can build custom data exporters that use the data destination of their choice.
  5. Conduit is designed as an extensible plugin architecture. Any community-contributed plugin can be integrated by anyone.

Conduit allows users to configure their own data pipelines for filtering, aggregation, and storage of transactions and accounts on any Algorand network.

A Conduit pipeline is composed of an importer, optional processor(s), and exporter plugins. Along with the Conduit release, the following noteworthy plugins are made available.

  • Algod importer — fetches blocks from an algod REST API.
  • Filter processor — filters data based on transaction fields.
  • Postgres exporter — writes the data to a Postgres database.
  • File writer exporter — writes the data to a file.

Configuring a Conduit pipeline requires defining which plugins to use, and if necessary, configuring the plugins. For example, the filter processor requires a definition of what to filter.

This is best demonstrated with an example. See a basic walkthrough here.

Conduit’s Filter Processor

The filter processor is a key new feature introduced with Conduit. It allows users to filter the transaction data based on any transaction field — transaction type, app ID, asset ID, sender, receiver, amount, etc. These filters can also be combined.

Since many transactions are submitted as grouped transactions, the filter processor allows users to choose whether or not to include the entire transaction group when the filter conditions are met.

The filter processor will always include inner transactions for transactions that match the specified filter conditions.

Full details on the filter processor are here.

A New Node Configuration for Conduit: Follow Mode

Conduit is used to track data from the blockchain and make it available to the off-chain world. Every time a new block is created on-chain, Conduit is informed about every change to every piece of state since the prior block, such as new accounts created, app states updated, boxes deleted, etc.

Some dapps use an object called the ApplyData to track some kinds of state changes, however this approach is technically limited. Not all changes are reflected in this object, and ApplyData are only cached for 4 rounds on non-archival nodes, meaning that delayed handling of ApplyData updates for more than 15 or so seconds will result in an unrecoverable state error.

The old Indexer architecture solved these challenges by requiring access to an archival algod node. Indexer used a “local ledger” to track the state changes from round to round, and thus avoided the incomplete ApplyData object. The drawback of this design is the need for an expensive archival node.

Conduit instead requires access to a node in a new lightweight “follow mode” configuration which replaces the need for the archival configuration. Conduit can pause and unpause this node’s round updates as required. The pause functionality ensures that the Conduit process will not miss out on any blockchain state updates. Conduit also makes use of a new “state delta” endpoint introduced in the node to eliminate the requirement for a large local ledger.

A node with follow mode enabled cannot participate in consensus, as votes based on paused state information would be rejected. Similarly, submitting transactions to such a node is not possible, as acceptance based on paused, outdated state information might be judged invalid by the rest of the blockchain.

Conduit as an Extensible Tool

Focusing on open-source principles and decentralization, Conduit’s design encourages custom-built solutions, setting it apart from the Indexer. In our initial release, we encourage new plugin submissions via PRs to the Conduit repository. We aim for the plugin framework to inspire community involvement, allowing everyone to benefit from shared efforts. Currently, we’re engaging the community to identify optimal management for externally-supported plugins long-term (join the conversation on Discord #conduit channel!)

We have already seen the development of a Kafka plugin by a community member (Iridium#4127 on Discord), who has this to say about Conduit:

“… it [Conduit] allows [you] to choose your … targeted product (e.g. Kafka) to quickly build a plugin and let the data flow. Mainly it’s just importing the correct library — configure your connection and use the library to send messages to your system. Receiving is already handled by Conduit.”

Comparing Deployments: Legacy Indexer vs. Conduit Architecture

Indexer, legacy architecture

  • Requires an archival algod node, which requires at least 1.1 TB of storage.
  • Requires a Postgres database with full historical data, or 1.5 TB of storage.

Source for the above: howbigisalgorand.com

Conduit architecture

  • Requires a node with “follow mode” enabled, which requires 40 GB of storage (like other non-archival nodes).
  • Conduit can use a Postgres database, or a different data store. The user can store full historical data, or a subset. This is at most 1.5 TB if storing the full history, and could be as little as a few GB.

The costs of these deployments will vary depending on whether users are self-hosted or using cloud providers (and vary greatly by provider). However, the storage costs will be strictly less for a Conduit-backed deployment.

Note that storage will likely be the major cost factor, and bandwidth and compute requirements are similar across both architectures.

Continued Indexer Support

We are continuing to support the existing releases of Indexer which run its old architecture (using the archival node) at this time. If users would like to continue using the Indexer but also want to save costs by removing the need for an archival node, they have the option to run an Indexer backed by Conduit. The Indexer interface remains the same. See our migration guide here.

Conduit Builds Better Apps

Conduit was designed to be flexible and extensible, intended to allow developers to build whatever data solution fits their needs. As such, Conduit has countless applications.

Want to run Conduit to support your dapp reporting needs?

Want to extend the Indexer API?

Want to power an event-driven system based on on-chain events?

Want to scale your API Provider service by using CockroachDB?

Want to dump everything to S3 and just query that?

The limitations imposed by the Indexer’s rigidity no longer apply. While Conduit doesn’t provide everything for free, it offers users the flexibility to build what they need.

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🔥 The CEO of BlackRock just revealed what’s actually about to rewrite the global economy…

The CEO of BlackRock just revealed what’s actually about to rewrite the global economy…

At the Future Investment Initiative in Riyadh, Larry Fink made a statement that should echo through every boardroom and central bank:

🗣️ “𝑾𝒆 𝒔𝒑𝒆𝒏𝒅 𝒔𝒐 𝒎𝒖𝒄𝒉 𝒕𝒊𝒎𝒆 𝒕𝒂𝒍𝒌𝒊𝒏𝒈 𝒂𝒃𝒐𝒖𝒕 𝑨𝑰.
𝑾𝒆’𝒓𝒆 𝒏𝒐𝒕 𝒔𝒑𝒆𝒏𝒅𝒊𝒏𝒈 𝒆𝒏𝒐𝒖𝒈𝒉 𝒕𝒊𝒎𝒆 𝒕𝒂𝒍𝒌𝒊𝒏𝒈 𝒂𝒃𝒐𝒖𝒕 𝒉𝒐𝒘 𝒒𝒖𝒊𝒄𝒌𝒍𝒚 𝒘𝒆’𝒓𝒆 𝒈𝒐𝒊𝒏𝒈 𝒕𝒐 𝒕𝒐𝒌𝒆𝒏𝒊𝒛𝒆 𝒆𝒗𝒆𝒓𝒚 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒂𝒔𝒔𝒆𝒕.”

Let that sink in.

The CEO of the 𝐰𝐨𝐫𝐥𝐝’𝐬 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐚𝐬𝐬𝐞𝐭 𝐦𝐚𝐧𝐚𝐠𝐞𝐫 — $13 trillion AUM — isn’t debating if hashtag#tokenization will happen.

He’s warning that we’re hashtag#underestimating the speed of ...

00:00:40
We are edging dangerously close to the Earth's critical tipping points!

Did anyone tell Prince William about the tipping points during the collapse of the Bronze Age civilizations and the Sterno-Etrussia geomagnetic excursion 3000 years ago?

Did someone tell him about the Solovki geomagnetic excursion, the desertification of the Sahara, or the Y-chromosome bottleneck when 19 out of 20 male lineages went extinct 6000 years ago?

Did someone tell him about the tipping points during the 8.2 kiloyear event or the Younger Dryas?

👉They are just brainwashing you and blaming you for the upcoming collapse and the geophysical event while they build doomsday bunkers with your money! They are evil and act like cornered rats—if they could, they would take everything from you just to save their bloodlines.

👉I’m disgusted by hearing them talk and act concerned while they profit from oil money.

OP: @OMApproach

00:00:52
Get This Out There.. Its Time. 🕐

Send this to the people you know that still have their heads in the sand. Time to wake up the world 🌎 We have been lied to, for far too long.

The truth is coming on 11/21.

Dozens of U.S. Government officials reveal their concerns about UAP activity & what's at stake for humanity. Watch The Age of Disclosure WORLDWIDE on @primevideo & in select theaters in NYC/LA/DC.

Check out this sneak peek:

00:01:18
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
🔑99% Will Own Nothing And Be Happy🔑

Knowledge is power... 📚

📰 Larry Fink's "New Interconnected World Ledger": The Vision for a Tokenized Future

BlackRock CEO Larry Fink's concept of a "New Interconnected World Ledger" refers to a unified, global digital platform built on distributed ledger technology (DLT), which will host and facilitate the instantaneous settlement of virtually every asset class. This vision is deeply intertwined with the tokenization of traditional financial assets. Fink views this as the next major revolution in financial markets, set to transform everything from currencies and ETFs to real estate and bonds.

👉The Core Concept: Tokenization and a Global Settlement Layer

At the heart of Fink's vision is the conversion of real-world assets into digital tokens on a blockchain.

🔹 Tokenization: This is the process of representing ownership rights of an asset (like a share of stock, a piece of real estate, or even a unit of currency) as a digital token on a blockchain. This allows for fractional ownership, meaning even ...

🚨 XRP GOING VIRAL THIS WEEK AS GEMINI TEASES MAJOR XRP ANNOUNCEMENT 🚨

XRP is surging in popularity and market buzz amid a cryptic teaser from Gemini exchange hinting at a big reveal, combined with speculation around potential XRP spot ETF approvals and Ripple's new institutional platform launch, driving viral discussions, heightened trading, and optimistic price momentum in the crypto space.

🔑 Key Points:

🔹 Market Context: The XRP ecosystem is experiencing a wave of excitement with viral discussions across crypto communities, boosted by Gemini's teaser, accelerating ETF speculation, and Ripple's recent launches, as the broader market sees positive price jumps and institutional interest in a post-regulatory clarity environment.

🔹 Core Teaser and Buzz: Gemini posted a cryptic message on X: “Next week’s looking real XRP coded,” sparking major speculation waves, reminiscent of their prior teases before launching an XRP-branded Mastercard credit card in August, with finance ...

🚨Stellar's Big Plans for Tokenization and Payments🚨

The promise of stablecoins goes beyond speed or convenience. It’s about creating a system where money can truly work better for everyone.

Denelle Dixon from Stellar shared how on Thinking Crypto Podcast.

Denelle Dixon, CEO of the Stellar Development Foundation, joined me to discuss Stellar’s privacy strategy, the importance of tokenization, and the growing adoption of blockchain by traditional financial institutions—and more.

Topics:

🔹Focus on growth in Tokenization on Stellar
🔹TradFi's Need for Privacy on Blockchains
🔹Stellar's international expansion plans
🔹Denelle's warning about Web3 continuing Web2 pitfalls
🔹CLARITY Act passing and impact on crypto market

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3I/ATLAS — Secret Laws Of Gravity
Unlocking the future of space travel through the precise calculation of time and orbital trajectories.

"My preliminary analysis suggests two principal hypotheses regarding the reported phenomenon known as '3I/Atlas':

  1. A Coordinated Psychological Operation (PsyOp): The phenomenon may constitute a calculated effort to manipulate public sentiment or induce fear, potentially preceding a planned, large-scale deception (referred to informally as 'Project Bluebeam').

  2. A Highly Anomalous Object: Alternatively, the phenomenon represents an authentic, significant anomaly warranting serious scientific or intelligence scrutiny.

Regardless of its origin, '3I/Atlas' represents an historically noteworthy development that necessitates close, informed observation."

 

~Crypto Michael | The Dinarian 🙏

Abstract Introduction:

New data is now showing something that arrived early and its changing colors as we previously predicted.

In orbital mechanics where trajectories are calculated centuries in advance with accurate precision measured in seconds.

A 11-minute deviation is not a rounding error.

It’s not a typo in the database.

It’s not close enough.

"It’s Physically impossible.”

Now The longest government shutdown in U.S. history still blocking NASA releases while the object executed its closest Fly-by approaches to Mars, The Sun and Venus at the moment of maximum observational blackout.

But orbital mechanics don’t care about “government shutdowns.”

Our observations Don’t Stop.

And the math doesn’t wait for “Press releases.”

The math says this:

“If 3I/ATLAS is natural, it should have lost about 5.5 billion tons of mass.”

It didn't.

1. The 5.5 Billion Ton Problem:

Let’s start with what everyone agrees on: 3I/ATLAS “now” arrived earlier than pure gravitational predictions would allow. Even though we have been mentioning this trajectory change over 2 Weeks ago (October 21st Article HERE) TRACKING 3I/ATLAS .

The scientific consensus explanation? “Natural outgassing” the "rocket effect." As water ice sublimates near the Sun, it creates thrust, like a slow-motion rocket engine powered by evaporating ice. Comets do this all the time. It’s normal. It’s natural. It’s explainable.

Except for ONE problem.

The Physics Don’t Add Up!”

To generate enough thrust to arrive approximately “11 minutes early” would require shedding a staggering amount of mass.

Our calculations show “over 5.5 billion tons” of gas ejected over the perihelion passage.

Think about that for a moment.

That’s not a little puff of vapor.

That’s not some gas leaking from surface cracks.

That’s 15% of the object’s total estimated mass.

If 3I/ATLAS lost that much material naturally, it would create a debris cloud larger than Jupiter’s magnetosphere—visible to amateur telescopes from Earth. Absolutely impossible to miss in professional observations, and bright enough to be catalogued by every sky survey on the planet.

1.1 ~ The Plume Paradox:

Here’s where it gets interesting:

No such cloud has yet to be observed.

Not by Hubble. Not by JWST. Not by ground-based observatories. Not by the Mars orbiters that watched it pass at 30 million kilometers.

The brightness remained within “expected limits.” The coma showed stable & geometric shifting features. The tail structure now disappeared (but that’s another story). The main one is that: “The debris cloud that should exist — simply doesn’t.”

This isn't a minor discrepancy.

This is complete, mathematical failure of the natural comet hypothesis.

Part 2: The Industrial Signature:

So if natural sublimation didn't create the thrust, what did?

The answer is hidden in the chemistry—specifically, in what shouldn’t be there. “The Nickel Anomaly.” When multiple astronomers analyzed 3I/ATLAS’s spectral signature, they found something extraordinary: “nickel vapor” (Ni) at extreme distances from the Sun, where temperatures should be far too cold for metals to vaporize naturally.

Nickel doesn't just evaporate on its own at those temperatures.

It needs HELP.

And there’s only one known process—natural or industrial—that produces a volatile nickel-carbon compound at cold temperatures which we have said several times previously;

Nickel Tetracarbonyl: Ni(CO)₄

This is not a natural cosmic process.

This is an “industrial chemical pathway” used on EARTH for metal refinement!!!

It forms at 120°C and decomposes at 180°C allowing nickel to vaporize at temperatures where water ice would remain frozen solid.

It is LITERALLY, an industrial refrigerant for metal processing.

The presence of Ni(CO)₄ in the plume tells us two things:

  • The core is not ice — It’s a nickel-rich, engineered structure.
  • The process is not passive sublimation — it’s an active, controlled system.

The nickel vapor isn’t contamination.

It’s not a coincidence.

It’s Exhaust.

3. Secret Gravity (SOEG) Model:

This is where our research team proposes something NEW.

We call it The “Self-Optimizing Ejection Guidance (SOEG) Model”

A Brand New Scientifically defensible framework that explains the acceleration not as chaotic outgassing, but as “controlled propulsion.”

The SOEG Model (Project EE / 3IE)

The System:
• Volatile Reservoir — CO₂ ice + Nickel-rich metallic core.
• Solar Heating — Perihelion triggers sublimation at optimal moment.
• Magnetic Ionization — Internal magnetic field ionizes nickel vapor into plasma.
• Anisotropic Jets — Plasma channeled through focused nozzles. (not random cracks)
• Thrust Optimization — Maximum momentum transfer with minimal mass loss.

Unlike natural cometary outgassing—which is chaotic, omnidirectional, and wildly inefficient. The SOEG Model Fully Represents: (CONTROLLED, DIRECTIONAL, OPTIMIZED PROPULSION.)

It’s the engineering solution to interstellar navigation: Using a “magnetofluidic drive” that uses the Sun’s + Nearby Planets & Star energy to activate a propulsion system that was BUILT.

The secret is in the magnetic field. By ionizing the nickel-carbon vapor into a high-velocity plasma jet, the system achieves thrust efficiencies that natural sublimation could never match.

This isn’t science fiction. This is “magnetohydrodynamics” the same physics that powers experimental plasma thrusters being developed by NASA and ESA for deep-space missions.

The difference?

We’re building prototypes…

Someone else already perfected it.

4. The Scientific Statistical Test:

Here’s what makes it undeniable.

Natural comets exhibit HIGH temporal variance in their acceleration parameters.

Technical terms like (A₁) and (A₂) that describe how thrust changes over time. Natural outgassing is messy, chaotic & unpredictable.

Our Prediction:

We formally predict that when sufficient post-perihelion data is published — expected from JUICE observations (data release February 2026) and ground-based telescopes through December 2025— 3I/ATLAS WILL show:

  • (A₂ parameter near zero) — phase-locked rotational coherence.
  • Temporal drift < 0.5σ — stability far beyond natural variance.
  • “Thrust vector alignment” with rotational axis — body-fixed engine signature.

If ALL 3 conditions are met.

The probability that 3I/ATLAS is a natural comet drops below 0.01% (a >4σ statistical rejection).

This is not speculation. This is a time-stamped, falsifiable prediction.

By February — March 2026, we will either be proven right or wrong.

The data doesn’t care about our theories. It only cares about what actually happens.

5. The Blue Hue 🔵:

Now there’s one more piece of evidence—and it’s visible to the naked eye (well, through a telescope). “The Color Anomaly.”

Natural comets scatter sunlight off dust particles, producing a yellowish-red glow. At 1.36 AU from the Sun, 3I/ATLAS should have appeared reddish-orange from thermal emission.

Instead, observers noted something strange: “A distinct blue fluorescence” in the coma.

What Blue Light Means?

Blue emission in a comet’s coma comes from highly ionized species—primarily “CO” (carbon monoxide ions) and certain excited metallic vapors. This requires enormous, “FOCUSED” energy to achieve.

You don’t get this level of ionization from passive solar heating. You get it from ~ Active Plasma Generation. The blue hue is the visible proof of the SOEG engine operating at perihelion. It’s the "engine glow" of a magnetofluidic drive generating high-energy plasma to achieve maximum thrust efficiency.

Compare:
- Natural comets (Hale-Bopp, NEOWISE, 67P, Etc.): Usual Yellowish-red dust scattering.
- Expected for 3I/ATLAS at 1.36 AU: Reddish-orange thermal glow.
- Observed in 3I/ATLAS: Distinct “Blue” plasma fluorescence.

This isn't subtle.

This is the difference between reflected sunlight and an active thruster firing.

5.5 ~ Convergence of Evidence:

Let's put it all together.

The Self-Optimizing Ejection Guidance (SOEG) Model is not speculation. It’s not wild theorizing. It’s one of the only frameworks that coherently explains:

✅ The early arrival— non-gravitational acceleration without natural explanation.

✅ The missing 5.5-billion-ton debris cloud — controlled thrust with minimal mass loss.

✅ The Ni(CO)₄ industrial signature — engineered propulsion chemistry.

✅ The blue plasma glow — active ionization system visible during perihelion.

✅ The statistical impossibility — phase-locked stability beyond natural variance. (pending verification)

However each piece of evidence, standing alone, is anomalous but potentially explainable.

Together, they form an interlocking pattern that demands a technological origin.

But then there’s the Silence.

Venus conjunction: Still offline.

This is not incompetence.

This is recognition.

THEY know something we’re still calculating.

December 19, 2025: 3I/ATLAS reaches closest approach to Earth at 167 million miles.

“If the calculations are correct, the 5.5-billion-ton debris cloud should be impossible to miss. Every telescope on the planet will be watching.”

All of this new information scheduled to be released should definitely include the following: High-resolution spectroscopy, morphological analysis, particle environment data and MOST CRITICALLY the astrometric parameters that will confirm or refute our SOEG model’s predictions.

“If the A₂ parameter shows phase-locked stability, the SOEG model is confirmed.”

Conclusion:

The Numbers Don’t Lie. The orbital path was not set by gravity alone. The acceleration was not powered by ice. The chemistry was not natural. And the timing is not “coincidental.”

3I/ATLAS is a message written in orbital mechanics, plasma physics, and industrial chemistry—a message we have “74 days” left to fully decode.

The mathematics are clear.

The predictions are calculated.

We don't have to speculate about what it is.

We just have to (wait) for the complete data packet to arrive.”

And when it does, one of two things will happen:

Either the natural hypothesis survives (unlikely, given the evidence). Or we confirm what the numbers have been screaming to us since October are TRUE.

Something pushed it. Something controlled it. Something arrived exactly when it needed to.”

Or The A-parameters will lock.

The plasma signature will confirm.

The debris cloud will be absent.

And the institutional silence will make perfect sense.

Because you don’t announce a discovery like this through a press release.

You announce it through a “Calculated Strategy.”

Analogy Conclusion:

The orbital path was set by laws that were not known,
For where the starlight failed, a force was subtly sown.

No dust and ice, but Nickel in the plume’s blue gleam,
A pulse of hidden power, of controlled, forgotten dreams.

The A-Parameter locks, The true secret of the sphere,
The Simultaneous Truth arrives, When all the numbers are near.

— Earth Exists

Additional Reference & Data Source Links 🖇️:

EARTH EXISTS Documentation:
- [Previous article. 35 Days of Silence — 3I/ATLAS]

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BlackRock Is Manipulating The Price Of Bitcoin👀

Blackrock possess a strategic depth that goes far beyond initial appearances. When the general market perceives selling and traders respond with emotion, these major players are often operating on a much more profound level. They adeptly identify and leverage every available mechanism to influence market dynamics. Their power isn't in direct control of the asset, but in understanding how to move the market without ever taking direct ownership.

What entity has become the most prominent corporate champion of Bitcoin ($BTC)?

It's the one with the massive treasury holdings, known as Microstrategy.

 

However, the major strategic challenge lies here: the size of their Bitcoin position is fundamentally linked to their external financing, typically in the form of debt.

This reliance on significant debt creates an inherent vulnerability—a dependence on creditors and shareholders. When an entity's position is highly leveraged, that dependence makes them susceptible to market manipulation or strategic pressure from external financial forces.

When a highly leveraged corporate holder of a significant asset (like $BTC) faces external financial stress, that pressure inevitably transfers to the asset itself.

Blackrock's goal isn't to induce a market crash, but rather to establish a dominant position and control.

Any substantial sale of major cryptocurrencies like $BTC or $ETH initiated by Blackrock, can be interpreted not as routine trading, but as a deliberate effort to manipulate market sentiment and pricing.

Blackrock is deploying a sophisticated combination of tactics: they simultaneously generate market volatility through strategic sales of the asset ($BTC) while accumulating shares in key corporate holders (the stock symbolized by $MSTR).

The deeper intent is to leverage this equity stake to direct the corporate strategy of the highly leveraged Bitcoin champion.

With a sufficiently large ownership percentage, this influence becomes highly effective. The resulting market power is therefore a function of both manipulating price movement and controlling corporate policy.

Is Microstrategy (the company represented by the $MSTR stock) vulnerable to this kind of pressure? The evidence suggests yes.

A substantial stake held by Blackrock grants them effective leverage to influence and manipulate the company itself.

When the company's shares experience a significant decline, the leadership is often compelled to take action, potentially buying back their own stock. This action is driven by the fact that falling share prices directly intensify financial and market pressure on the entire organization.

If the stock of Microstrategy continues a sustained decline, lenders will inevitably begin to re-evaluate and revise the terms of existing loans. This is a critical point of failure for the entire strategy.

The fundamental operational model of this corporate champion works like a closed loop:

  • It secures debt financing (taking loans) to acquire $BTC.

  • Alternatively, it issues new equity (selling shares) to acquire $BTC.

Crucially, the ongoing interest payments on this substantial debt are often managed by the mechanism of issuing even more shares, creating a continuous cycle of dilution and reliance on a high stock price.

A major consequence of rising leverage is the escalating cost of borrowing, requiring Microstrategy to source even larger amounts of capital.

The most straightforward solution—to issue and sell more stock—proved to be insufficient.

In fact, the situation worsened: the company’s recent attempt to raise funds through a stock offering did not fully sell out. This failure directly resulted in a significant liquidity shortfall, hamstringing Microstrategy’s ability to meet its financial obligations and continue its asset acquisition strategy.

And the ultimate shock came when Microstrategy—the very entity that vowed it would never liquidate its holdings—began to sell.

These weren't insignificant trades; the sales were valued at billions of dollars.

The key question now becomes: Does this sudden, massive reversal signal the imminent collapse of Microstrategy, or is it simply a necessary, albeit drastic, maneuver of 'business as usual' under extreme duress?

There appear to be two primary strategic objectives behind Blackrock's calculated moves:

  • Scenario A (Direct Dominance): Blackrock aims to neutralize its most prominent competitor (the corporate Bitcoin accumulator) in order to seize the title as the largest holder of $BTC.

  • Scenario B (Indirect Control): The institution’s goal is to establish absolute market control and influence, preferring to leverage Microstrategy to execute the most aggressive or politically difficult actions.

The outright financial destruction of Microstrategy is highly improbable. Such an action would trigger a severe market crash that could take years to fully repair.

The far more intelligent strategy is integration and control.

Under this model, Microstrategy remains operational, while Blackrock secretly dictates strategy. This allows Microstrategy to absorb the market blame for any necessary but controversial manipulation, a classic and often dirty tactic used by high-powered financial entities.

In the immediate future, the market will continue to exhibit strong reactions to the strategic maneuvers of Blackrock.

When they execute sales, it instantly captures headlines, is aggressively amplified by the media, and causes fearful retail traders ('weak hands') to panic and exit their positions.

Every decrease in price that results from this panic directly translates into a superior entry point for Blackrock. This clearly illustrates that the current market environment is driven purely by emotion, making it a survival game reserved only for those with the strongest resolve.

In the long run, the nature of $BTC will likely shift, moving away from its original ideals of being completely free and decentralized.

The vast majority of the available supply is projected to become highly concentrated within a small number of major corporations and investment funds.

Consequently, the price cycles will no longer be reliably tied to events like halvings or popular narratives. Instead, they will be driven primarily by government and central bank policy decisions, overarching macroeconomic conditions, and the internal political maneuverings of the world's most dominant funds and corporations.

Blackrock's goal is not to eliminate $BTC; instead, they are focused on constructing an elaborate system of control around the asset.

Microstrategy (the stock symbolized by $MSTR) remains a powerful tool, but it now operates under terms and directives that the company's leadership no longer fully dictates.

Since direct command over the decentralized asset is impossible, control is established through strategic influence over the largest corporate and fund custodians. Moving forward, Blackrock will be the primary entity determining the market's trajectory.

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A Request for NASA to Release Scientific Data on 3I/ATLAS

During my recent podcast interview with Joe Rogan (accessible here), I had mentioned the unfortunate circumstances, under which NASA had not released for four weeks the images collected by the HiRISE camera onboard the Mars Reconnaissance Orbiter. These images were taken on October 2–3, 2025, when the interstellar object 3I/ATLAS passed within 30 million kilometers from Mars. The images are extremely valuable scientifically because they possess a spatial resolution of 30 kilometers per pixel, about 3 times better than the spatial resolution achieved in the best publicly available image from the Hubble Space Telescope, taken on July 21, 2025 (accessible here and analyzed here). Whereas the Hubble image was taken from an edge-on perspective since Earth and the Sun were separated by only ~10 degrees relative to distant 3I/ATLAS, the HiRISE image offers a sideways perspective, valuable in decoding the mass loss geometry and glow around as it approached the Sun.

The delay in the data release was argued to be the result of the government shutdown on October 1, 2025. Nevertheless, conspiracy theorists suggested that it may have to do with evidence for extraterrestrial intelligence in the HiRISE images. When asked about it, I suggested that the delay is probably not a sign of extraterrestrial intelligence but rather of terrestrial stupidity. We should not hold science hostage to the shutdown politics of the day. The scientific community would have greatly benefited from the dissemination of this time-sensitive data as astronomers plan follow-up observations in the coming months.

Joe Rogan suggested that I contact the interim NASA administrator, Sean Duffy. The following day, I corresponded with congresswoman Anna Paulina Luna regarding a related formal request from NASA. Following our exchange, Representative Luna wrote a brilliant letter to NASA’s acting administrator Duffy.

We all owe a debt of deep gratitude for the visionary support displayed by Representative Luna to frontier science through her letter, attached below.

Avi Loeb is the head of the Galileo Project, founding director of Harvard University’s — Black Hole Initiative, director of the Institute for Theory and Computation at the Harvard-Smithsonian Center for Astrophysics, and the former chair of the astronomy department at Harvard University (2011–2020). He is a former member of the President’s Council of Advisors on Science and Technology and a former chair of the Board on Physics and Astronomy of the National Academies. He is the bestselling author of “Extraterrestrial: The First Sign of Intelligent Life Beyond Earth” and a co-author of the textbook “Life in the Cosmos”, both published in 2021. The paperback edition of his new book, titled “Interstellar”, was published in August 2024.

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