DeFi Omega is a coalition of like minded individuals in the crypto space with common goals, values, and objectives.

Joined August 2020
DEFI OMEGA retweeted
I don't recommend anyone scramble to move their funds to new wallets today. But we should take the risks to cryptography from AI-accelerated math seriously, and minimize our exposure to not just quantum-vulnerable cryptography, but also potentially AI-vulnerable cryptography. The core new area of risk from this viewpoint is, unfortunately, ML-DSA / FHE / lattices. (and it's also another reason, along with quantum, why ECDSA might fall even faster than expected, hence the "fresh address" recommendation) So far most people have been in the mode of thinking "elliptic curves broken, hashes safe, lattices safe". But there is a good chance that the concrete security of lattices will take serious hits from the next two years of AI math. The basic threat model is: factoring is something that naively takes 2^(n/2) time, but over decades smart people have found and optimized number field sieves, and degraded that to 2^O(n^(1/3)), which is why RSA keys and signatures need to be ~400 bytes (and not 64 bytes). What if there are skeletons in the closet like that, both for elliptic curves and lattices, that we are simply not smart enough to discover - but bots soon will be? This is a major part of the reason why for the past year ethereum's lean roadmap has been going in the "hash-only" direction: no lattices, no ML-DSA, no Falcon, no lattice-based commitments inside ZK proofs, etc. Signatures in lean ethereum are all hash-based, either WOTS or SPHINCS-. For signatures and proofs, we already know how to go hash-only. The bigger challenge is for *public-key encryption* - and this goes far beyond blockchains. Secure communication, anonymizing protocols, lots of things need public-key encryption. And unfortunately there are long-standing mathematical theorems showing why public-key encryption cannot be done with hashes alone. You have to have some kind of trapdoor object that has at least one form of usable "structure" - either group theory (incl. isogenies) or lattices or code-based or potentially in the future even more newfangled and spooky things (local mixing?). But for anything that has structure, you should assume that AI will make at least some progress in breaking that structure. Here, one reasonable inference is that if you want to make something plausibly long-term secure, multiply the key sizes by 10. To me that's a very plausible world and something not at all extreme to predict. If AI will bring us 50 years of math in 2 years, then that 50 years of math may very plausibly include a "naive factoring -> GNFS" level of improvement to our ability to break lattices. In that world, lattices will still exist, but they will have to be significantly bigger to guarantee the same level of safety. And at those new larger sizes, hash-based constructions will beat lattice-based constructions on concrete efficiency in every use case where hash-based constructions are possible at all. Theoretically, of course it's possible that hashes are broken too (eg. P = NP would imply that). But I think P = NP is very unlikely. And intuitively, it's much more likely that a mathematical object has exactly no exploitable structure (like hashes are intended to), than that a mathematical object has exactly ~3 forms of exploitable structure (for elliptic curves: associativity, Schoof, pairings) and not some secret fourth form of structure we have not yet discovered that greatly degrades its security (for elliptic curves, ECDLP and pairing security). Similar for LWE, SVP, RLWE and the zoo of lattice problems. For this reason, we do not yet see any reason to worry and start padding the byte size of hashes (if we start to worry more, we would pad the round count first before doing anything to the byte size). Concrete TLDR, my own personal views: * Hash-based > lattice-based, in those situations where hash-based is possible at all * For anything lattice-based, be much more paranoid on param sizes. Remember that blockchains are only a small portion of the cryptography story; this point goes far beyond blockchains and applies to eg. access to websites, secure messaging, Tor / VPNs ... * For privacy protocols, strongly favor NOT putting encrypted notes onchain. Instead, send them offchain through some third-party mechanism. * If it's not difficult for you, keeping your funds in addresses which have not yet been used to make a transaction is a good idea. If it's easy for you, do it. **But be careful about migrations; I personally have lost more money in botched migrations than I have lost in all hacks combined**. * For multisig wallets, doing confirmations offchain is better than onchain, because this way the signatures of signer wallets do not get exposed to the public, so if ECDSA falls to AI much faster than expected, at least the multisig "gracefully degrades" to a 1-of-1 where the 1 is whoever was gathering the signatures - a much better place to be than "anyone can take the money" firefly.social/post/x/210783…
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Presenting the official trailer for THE MAX EXTRACTOR
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DEFI OMEGA retweeted
few thoughts on $PEPE I believe its put in a long term, multi year bottom this year 560 days from the top to the recent June low PEPE is a lindy meme. it's widely loved. great ETH beta. its liquid, does tons of volume tens of thousands of memes launch every day and go to 0. sure a few runners spawn out of the graveyard of shit. but i think this cycle, big money will bid the liquid, lindy memes can see this trading back to all time highs with enough patience. i have a bag
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I wanted the world of crypto to feel authentic, so I had to show the actor and crew exactly how it’s done. The Max Extractor trailer drops tomorrow.
THE TRAILER FOR THE WORLDS GREATEST CRYPTO TV SHOW IS COMING OCT. 6th
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2 days till the Max Extractor trailer
THE TRAILER FOR THE WORLDS GREATEST CRYPTO TV SHOW IS COMING OCT. 6th
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DEFI OMEGA retweeted
🚨BIG news ahead. Tune in below at 11:45am ET.
There will be a special live stream of Chairman Selig’s remarks and fireside at approximately 11:30am. Check back here for the link.
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Head of Macro at Fidelity, btw
I continue to like both gold and Bitcoin, but especially Bitcoin looks interesting right now. For one we broke through resistance at $80k, targeting $100k. 🧵(1/2)
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DEFI OMEGA retweeted
Since the advent of Bitcoin in 2008, the crypto asset market has grown from a niche curiosity into a multi-trillion-dollar asset class to which investors actively seek exposure. Unfortunately, our rules and regulations have not kept pace. To that end, today’s proposal would provide a clear regulatory framework for the custody of crypto assets, giving investment advisers and funds a compliant pathway where none existed before—and replacing the grey of uncertainty created by custody rules crafted for a bygone era.
TODAY 🚨: The Commission proposed new rules and amendments to provide a tailored framework for the custody of crypto assets for registered investment advisers and regulated funds, i.e. registered investment companies and business development companies.
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DEFI OMEGA retweeted
The Fed is citing stablecoin demand as an offset for China selling Treasuries. The entire stablecoin ecosystem is going much, much higher.
A new Economic Letter highlights that stablecoin issuers' Treasury holdings have grown more than $200B in five years, helping offset the decline in China's holdings. sffed.us/4rG1Ure
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DEFI OMEGA retweeted
Strategy is proposing daily dividends on $STRF, $STRC, $STRK, and $STRD, accruing every calendar day, including weekends and holidays, and paid the next business day, with economics unchanged. The proposed changes aim to support price stability, liquidity, and demand.
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DEFI OMEGA retweeted
JUST IN: Tether CEO Paolo Ardoino says $USDT on Bitcoin is coming.
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DEFI OMEGA retweeted
BlackRock is tweeting about 'the growing connection between AI and digital assets' and you are bearish anon?
Our latest research paper explores the growing connection between AI and digital assets and explains why broad AI adoption may drive new demand, utility and applications across the digital asset economy. blackrock.com/us/individual/…
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DEFI OMEGA retweeted
Once $PEPE gets going, it goes from 0 to 60 expeditiously. Explosive move towards imminent.
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DEFI OMEGA retweeted
JUST IN: X partners with crypto and stock exchanges to allow trading from the timeline. • Gemini • Kraken • Moomoo • Coinbase • Interactive Brokers
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Don't forget.. $TAO ran 1,600% in 5 months $45 to $750 Since then.. its spent two years consolidating that massive move The biggest mistake people will make.. Is getting so fucking bored and frustrated with this consolidation that they lose interest right before the next big move The reason for the first pump.. was the market waking up to #bittensor's fundamentals In my view, those fundamentals have improved dramatically since.. We are due another repricing People forget just how violently $TAO is capable of moving By the looks of the haters.. so many are going to be caught off guard Its going to be glorius $TAO
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DEFI OMEGA retweeted
NEW: @Apple and @Google are hiring for stablecoin and blockchain-related roles, with Apple seeking stablecoin expertise for Apple Pay and Google hiring for Web3 in Hong Kong.
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INTEL: Researchers warn hackers are actively exploiting a Safari zero-day on Apple iPhones to steal crypto private keys, seed phrases and Keychain data Update iOS immediately
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DEFI OMEGA retweeted
At this point the only thing you need to understand is that 1) the sovereigns are coming sooner than you think and 2) it will be more violent and faster than your own expectation and 3) once you miss this boat it will be irreversibly too late
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DEFI OMEGA retweeted
SEC APPROVES TEMPORARY, CONDITIONAL EXEMPTION TO ALLOW LIMITED TRADING OF TOKENIZED STOCKS ONCHAIN: SEC
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