First of all, I'm french, so excuse my english... My grammar will certainly be awful. Here are my 2 cents. Those are theory I got upon reading descriptions of the items, the events I saw and the things I read on this very topic.
- The False Dragon.
I find it was pretty obvious : The Queen talk about "the false deity", refering to the dragon. The first hint is his drop : A Giant Soul and a Petrified Dragon Bone. People tand to forget the dragon bone, but I think it is important.too. I'll come to it later. The second hint is where you can find him... after Aldia's little horror show. The third hint, directly tied to the second, is the fact that Aldia did experiment on the Soul and he did experiments on dragons. And the fourth and last hint is the Ancient Dragon Soul you find in the Dragon Memory.
Now, how I piece it together ? Aldia was known for his gruesome experiments on the Soul. He was so good at it that only Venderick was his equal in this art. We know Venderick and Aldia studied the Soul together and separated because of a different (the gruesome nature of Aldia's experiment, as stated above, even if I'm not quite as certain Venderick was such a good hearted king)... Venderick had access to Giant Souls, so Aldia should have too. Now I insert the Petrified Dragon Bone. The dragon skeletton in the mansion tells about the experiments conducted by Aldia... and that skeletton try to eat you (even if he falls to pieces right after that). That makes me think that Aldia was on the right track : Infusing a dragon corpse with a Soul powerfull enough (namely, a Giant Soum) created the False Dragon. And last, there is the Ancient Dragon Soul. At first I was confused by its description, but like others, I started to think that its description referred to the False Dragon, not the one we find in the Memory (which is, as stated before, obviously from an age before the Age of Flame... or even during the war Between the Three Lords and the Everlasting Dragon).
So, for me, the Ancient Dragon we found alive is a fraud.
- Drangelic... Vinheim or Lordran (or both, or none) ?
This is a tricky question, but I think Drangelic was called Vinheim in the past. I didn't see the hints about Drangelic being on Lordran, maybe I just didn't pay too much attention. My first clue was, of course, the Lingering Draconcrest Ring. In Dark Souls 1, it was an artifact from Vinheim and it's actual description state that it was used in the kingdom where now lies Drangelic. Sure, some could argue (and some has) that the word "used" is important... because the Chosen Unded could use this ring in Lordran, but I think that this theory is overly complicated. And then, I read the description of the Dragon-rieder Greatshield. It says that Venderick, with his Dragon Riders, came to a land, slaugthered it's people and created Drangelic on it's remains (that very description made me doubt about the good hearted nature of the King, but that's another topic). It's interesting because there was people to slaughter in Vinheim, will Lordran was only filled with undeads... Third, we meet one guy that was here before the country was called Drangelic. That's Straid... a really powerfull wizard. And guess what he sells ? The lingering dragoncrest ring. Pieced together, I'm assuming Drangelic is on Vinheim.
But there is the Old Dragonslayer, in a land reminiscent of Anor Londo (if flooded).
That's right, that's an hint that Drangelic is on Lordran...
And then, developper said it's in another continent. Seeing how the land is flooded, I will argue that Anor Londo flooded and that "the continent" is not the same as before, because part of the land went underwater and others didn't.
- Dreams and Time Travel.
Tricky question too. For me, visiting the dreams pretty much a form of time travel. When yu go in the dreams, you can take things from there and they stay with you. It's just a conception of my mind, but I have hard time considering visiting dreams and taking stuff from them. Plus, I heard at least once a NPC state that the flow of time is somewhat distorded in Drangelic (which is the lore eplanation for the phantoms from Dark Souls 1 if I recall).Now that poses problems with the chronology, the prize that Venderick took from the giants, the golems and so on.
As others stated the chronology is this :
1/ Venderick go kick some Giant Asses, steal something and come back.
2/ With his prize, he create the Golems and, with them, his castle.
3/ The Giants are pissed and came to take it back, winning the war this time.
Here what I think. The prize he stole must have been the Giant Kinship, because he created the golems with it... and the last cinemtic show the golems responding to your character while he holds the giant kinship. The giant fight back and win the war, until an unnamed hero kills their leader (Giant Lord), but "too late". Too late for what, claiming the victory ? If the very reason of this war was reclaiming the Giant Kinship, then one could say yes : All that it is known is that the unnamed hero killed the Giant Lord (or at least weakened him enough for him to be captured, as the theory Last Giant = Giant Lord says...), but the Kinship is lost. It all makes sense to me at least.
If Drangelic Castle is already there when the giant invade, then the Kinship already served it's purpose. The golem are of no use now and can still be activated for a brief period of time by infusing them with a soul. But when the player hold the kinship, the golems in the end cinematic moves without the blue glow that goes with the activation by souls.
Time travel without paradox here, it makes sense in my eye.Now another clue that makes me think dream travel = time travel. The King's Ring talk about the King that tried to fight his curse with powerfull souls. We assumed it was the Lord Souls, but I don't think so. In fact, I think he used Giant Souls and that supports the thery that visiting the dreams = time travel. After all, having giant souls in you inventory weakens Venderick. That point is important : it's not making you stronger, it makes him weaker... why is that ? Because you stole the souls before he could use them to grow stronger... by visiting the dreams. You could argue that there is the one droped by the false dragon and the one in black gulch, but the Ancient Dragon is so damn tough that I think your not supposed to claim it. And the one in black gulch is in an hidden area.
And why do I think it was Giant Souls that were used by Venderick to 'fight the curse" ? Because they are pretty damn strong. One was enough to create an Everlasting Dragon...
That's all for now.
I'm tired so I'll have to go get some sleep now ^^
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