Live tape
Mentions 7d9,533MSFT1,684 mentions▲ +0.05META1,566 mentions▲ +0.03NVDA1,422 mentions▲ +0.09NFLX1,080 mentions▼ -0.03GOOGL1,040 mentions▲ +0.05SNDK954 mentions▲ +0.08TSLA929 mentions▲ +0.07QQQ858 mentions▲ +0.06

Glossary

The vocabulary of markets, crypto, macro and our own method — defined plainly. Every term you’ll meet across The Distributed, in one place.

37 terms
A

Author-trust score

Method

A per-account weighting that discounts bot-like and low-history accounts so a handful of noisy posters cannot move a reading.

B

Basis point

Macro

One hundredth of a percentage point. Rate moves are quoted in basis points: a 25 bp hike is a quarter of a percent.

Bull / neutral / bear split

Method

The share of classified mentions scored positive, neutral and negative, summing to one hundred percent over the sample.

C

Cashtag

Markets

A ticker written with a dollar prefix, such as $NVDA. The lowest-ambiguity signal the pipeline extracts.

CBDC

Crypto

A central bank digital currency — government-issued money in digital form, run on rails the central bank controls rather than a public blockchain.

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Confidence score

Method

A composite, calibrated score for each extracted entity, combining source, format, financial context and reference validation.

Coordinated activity

Method

A flagged spike in mentions driven by a small set of authors posting heavily — the pattern of a pump attempt rather than organic attention.

Core CPI

Macro

CPI with food and energy stripped out — the steadier read the Federal Reserve watches for underlying inflation.

CPI

Macro

The Consumer Price Index — the headline US inflation gauge, tracking the price of a fixed basket of goods and services. We chart it year over year.

Crypto mining

Crypto

The work of validating proof-of-work blocks by spending compute; miners earn newly issued coins plus fees for each block they win.

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D

DAO

Crypto

A decentralized autonomous organization — a project governed by token-holder votes executed through smart contracts instead of a boardroom.

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DeFi

Crypto

Decentralized finance — lending, trading and yield built from smart contracts, with no bank or broker in the middle.

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E

ERC-20

Crypto

The Ethereum standard most fungible tokens are built on; wallets and exchanges can support any ERC-20 token the day it launches.

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F

FinBERT

Method

The sentiment model that scores each mention from negative one to positive one. Most reliable on formal financial text, weaker on sarcasm.

Form 4

Markets

The SEC filing a company insider must submit after buying or selling their own stock. Our insider-trades tables are built from these.

G

Gas fee

Crypto

The fee paid to have a blockchain transaction processed; on Ethereum it rises and falls with network congestion.

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H

Halving

Crypto

The scheduled event that cuts bitcoin's new-coin issuance in half, roughly every four years.

L

Liquidity pool

Crypto

A smart-contract reserve of paired tokens that traders swap against — pricing comes from a formula, not an order book.

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M

Market cap

Markets

The total value of a company's shares — share price times shares outstanding. The default sort for our market tables.

Mention volume

Markets

The count of classified mentions of an entity over a window, summed across the tracked subreddits.

N

NER

Method

Named-entity recognition. The model that identifies tickers, company names, ETFs and commodities in raw Reddit text.

Net sentiment

Markets

The mention-weighted average sentiment for an entity over the window, on a negative one to positive one scale.

NFT

Crypto

A non-fungible token — a unique on-chain record of ownership for one specific digital or real-world item, unlike interchangeable coins.

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O

On-chain

Crypto

Activity recorded directly on a blockchain — transfers, balances, contract calls — public and verifiable by anyone.

P

PPI

Macro

The Producer Price Index — inflation measured at the factory gate, before it reaches consumers. Often moves ahead of CPI.

Proof of stake

Crypto

A consensus design where validators lock up tokens for the right to confirm blocks — misbehave and the stake is slashed.

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S

Sample size

Method

The number of classified mentions behind a figure, shown as n= on every reading so you can weigh it.

Seed phrase

Crypto

The ordered list of words that regenerates a crypto wallet's keys. Whoever holds the phrase holds the funds.

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Short interest

Markets

The share of a company's tradable stock currently sold short — a rough gauge of how many traders are positioned against it.

Slippage

Markets

The gap between the price you expected and the price you got — the cost of moving size through thin liquidity.

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Smart contract

Crypto

Code deployed on a blockchain that executes automatically when its conditions are met — the building block of DeFi, NFTs and DAOs.

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Spot ETF

Crypto

An exchange-traded fund that holds the asset itself — such as bitcoin — rather than futures on it, so the share price tracks the spot market.

Stablecoin

Crypto

A crypto token designed to hold a fixed value, usually one US dollar, backed by reserves of cash and short-term debt.

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T

Ticker

Markets

The exchange symbol for a security, such as NVDA. The canonical key the pipeline normalises every mention to.

Tokenomics

Crypto

A token's economic design: supply, issuance, unlock schedule and how value is meant to accrue to holders.

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Y

Year-over-year

Macro

A reading compared against the same month a year earlier — the standard way inflation prints are quoted, and how our macro charts are drawn.

Yield curve

Macro

Treasury yields plotted from short to long maturities. When short yields sit above long ones — an inversion — recessions have often followed.