@LowPing23i
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Sydney
Joined September 2017
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LowPing retweeted
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.
Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase).
Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets.
IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster).
Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot.
Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time?
Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.)
Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once.
Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case.
I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026).
Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS.
Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security.
The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
LowPing retweeted
I keep seeing people ask why, if Keeta has all of these companies working with them, we aren’t seeing those partners buying massive amounts of $KTA, and I really think people need to look at this from a real world business perspective instead of assuming that a partnership should automatically translate into somebody going onto an exchange and loading up on the token!!
Think about what would actually happen if that started tomorrow….
If several recognizable Keeta partners suddenly started buying millions of dollars worth of $KTA on the open market, you would obviously create demand, but you would also immediately wake up every holder who has been sitting on this token waiting for exactly that moment. People who have been underwater, early investors sitting on large positions, traders who have been waiting for volume, and people who simply want their money back would all suddenly have somebody on the other side of the trade.
That partner money could very quickly become exit liquidity!!
That doesn’t mean anything is wrong with and it doesn’t mean partners don’t believe in #Keeta (like so many like to claim) it is simply how markets work…when you have a relatively young asset, limited liquidity, large existing holders and a community that has been waiting for meaningful demand to finally show up.
And from the company’s side, why would a business want its first major interaction with Keeta to be spending millions of dollars accumulating a volatile token while potentially pushing the price against itself as it buys, it just doesn’t make any sense!! That is not how most serious companies/businesses think.
They are going to care about whether Keeta can save them money, settle faster, give them access to new markets, move different types of assets, connect payment rails, improve their infrastructure and ultimately make their business better. If Keeta can accomplish that, then the transactions, fees, liquidity and economic activity start coming naturally with actual usage…Keeta is very young!!
I don’t necessarily want to see Keeta’s partners become speculative KTA buyers just so we can watch the chart move for a couple of weeks. I want to see them become users of the network, because if the token economics work the way they are supposed to, eventually that usage itself should create the demand everyone keeps waiting for!!
There is a huge difference between forcing demand into a market and building something that creates its own demand.
The second one takes longer, and I know that has been incredibly frustrating to watch, but it is also the path that will lead @KeetaNetwork to success!!
🤙
LowPing retweeted
The Clarity Act is dead.
Before the post-mortems and the planning sessions begin, a note of thanks.
Many of you worked extremely hard on this bill over the last 18 months. You fought harder than most people will ever know to make sure we had a good product that actually worked for crypto. It required countless hours of research and analysis; endless calls and meetings to build consensus; rewriting the same sections over and over to find common ground; winning points and making concessions one by one in pursuit of an ambitious goal.
Those efforts were a success. The bill did not pass, but neither did you compromise on your principles or the ultimate goal. It would have been easy to strike deal at any point by simply giving up and rolling over, and you were asked to do so every single day for 18 months. You did not. Your strength, courage, and confidence won the day. You should be proud.
Many of us said since the start of this process that no bill is better than a bad bill, and by that metric, today is a victory. The Senate considered a good bill today, not a perfect one but a good one, and turned it down. The raw politics of the United States during an election year meant a good deal was not on the table. That's okay.
Crypto will be fine without the Clarity Act. We are lucky to have two agencies, the SEC and CFTC, with all of the excellent staff and authority they need to do the job. They're ready to be unleashed, and so they shall be. The future of crypto policy is bright.
Thank you all for your hard work. Breathe a sigh of relief, take a break, and get ready for what's next. We've only just gotten started.
LowPing retweeted
🚨KEETA has came out of nowhere with 47,793 tx/s on testnet!
This is nearly 30x $SOL's and $ICP's!
We haven’t covered @KeetaNetwork before but this is hard to ignore.
$KTA holders, what are we missing? Should we be covering this network more?
Let us know if you are a $KTA holder👇
LowPing retweeted
Albo gives a $6 m grant to his elite inner Sydney golf club, increasing his $2.9 m property value, just 200 meters away, lies about it in parliament, and puts the highest investing tax in the world, +60% rate, on the punters to pay for this crap!
nitter.cf/DHughesy/status/209815…
LowPing retweeted
ONE LIE TOO MANY
Yesterday, Albanese told theParliament:
“I don’t go to the club.”
But there’s a video of him at Marrickville Golf Club saying:
“I’ve been coming here for decades and using this club.”
This is not a case of “I’ve changed my position” or “it wasn’t our modelling" or "the dog ate my homework".
It’s an open-and-shut case.
Albanese has lied and misled the Parliament.
The standards of ministerial accountability in a Westminster parliament are clear - Lying to the Parliament regarding personal conduct requires Albanese to resign.
LowPing retweeted
Why can’t a Federal Govt blatantly lie to get reelected, then take their families on taxpayer funded holidays to celebrate, without people getting annoyed? Because of the internet is why, so let’s shut it down to restore harmony in Australian society.
LowPing retweeted
Labor’s new “digital duty of care” is not just about kids and child sexual abuse material.
The draft laws put the onus on platforms to take down anything posing a “seriously harmful threat to public safety.”
They still won’t properly define that.
Worse, the Communications Minister, Anika Wells, or the eSafety Commissioner, Julie Inman Grant, acting as her delegate, can add new categories of “harm” by ministerial direction.
No need to amend the Act. Future governments just expand the list.
Parliament gets 15 days to disallow it. That’s the “safeguard.”
Anika Wells says this isn’t censorship. It’s “common sense.” It’s “exactly the kind of things you’d expect.”
That’s the same government that already tried the misinformation bill. That’s the same eSafety regime that has been at war with X.
Angus Taylor called it an attempt to censor social media. Sarah Henderson compared it to the last speech bill Labor had to dump.
Then she wouldn’t say whether the Coalition would support this version if the minister’s add on power was stripped out.
The Greens want that power in. Of course they do.
Protecting children from pornography and grooming is not the argument. Almost no one is arguing against that.
The argument is a minister and a commissioner being handed a live list they can grow later - after the vote, without a new bill.
That’s how speech laws get built.
Vague duty now. Extra categories later.
“Common sense” in the press conference.
Watch the draft. Watch who gets to write the next definition of harm.
LowPing retweeted
We get it Anika...
Your corrupt government doesn't like social media because it catches you out.
Maybe stop grifting and lying.
Maybe try that.
LowPing retweeted
Labor banned Self Managed Super Funds from borrowing to build new homes to buy Greens votes on negative gearing.
Treasury has now confirmed they didn’t even bother with a regulatory impact statement.
“No documents were located as a regulatory impact statement was not required.”
That’s not a typo.
They rammed it through with no cost benefit work, no modelling of supply, no public case for why it helps anyone.
Jim Chalmers said it would have “little impact.”
The building Industry is saying the opposite:
HIA: “SMSFs are a major source of finance for new homes. About 45% of new homes are financed by SMEs, and SMSFs sit in that category.”
Builders already have 3,600 SMSF funded homes signed and not yet started. Around 70% are expected to be cancelled.
HIA calls it “the worst own goal in this year’s budget.” No demonstrated benefit.
Clear hit to supply.
AFIA members wrote more than 16,000 new residential SMSF loans in the year to June 2026, four times the 4,000 figure the government used.
SMSFs cannot live in these properties.
They add rental and housing supply. Many are off the plan. Labor’s own housing tax changes treat new homes differently to existing ones. This ban does not.
Andrew Bragg: “they kicked SMSFs out of housing because they didn’t like the investors, then skipped the basic work.”
Treasury modelled the supply damage from negative gearing and CGT. They did not do the same for this ban.
RBA is already flagging weaker new dwelling supply later this year.
1.2 million homes was the target. This policy takes homes off the board to satisfy a deal.
Labor chose politics over supply.
The paperwork now proves they didn’t even check.
That’s not policy. That’s incompetence dressed up as a deal.
LowPing retweeted
The e Safety commissioner is now recommending to ban VPNs
I recommend we ban her and replace her with nothing
LowPing retweeted
BREAKING: 1,540 NSW construction companies wiped out in a year.
3,472 nationwide.
Since Anthony Albanese’s Housing Accord promised 1.2 million homes by 2029, 7,779 developers have already quit, with 3,244 of them in NSW.
Now Bathla Group is gone, owing $3.6 billion. Buyers are in limbo. Subbies remain unpaid. Another domino.
Meriton Apartments boss, Harry Triguboff, didn’t mince words:
“40% of the cost of a new home is government fees and charges”
Housing Industry Association:
“only 2% of NSW projects even get financed. The rest drown in levies, taxes and costs”
NSW’s 377,000 home target? Blown out from 2029 to 2032. Just 35,000 homes completed last year.
This isn’t “interest rates.”
This is Labor stacking taxes until the industry can’t stand.
Albanese’s negative gearing and capital gains raid was supposed to “help first home buyers.” Master Builders modelling says it knocks another 8,700 homes out of the pipeline.
Bathla itself blamed the May Budget as part of the “perfect storm.”
They tax the life out of the people who build houses, then act shocked when no houses get built.
Construction is 10-12% of jobs and up to 35% of all insolvencies. That’s not a sector. That’s a warning.
Albo promised homes.
He’s delivering bankruptcies.
And will go down as the most destructive Prime Minister in Australian history.
I’ve been incredibly excited for this announcement for a while. Amalfi has grown into an incredible industry leader, and I’m grateful for the opportunity to support their clients with real-time deposits for the first time in the industry.
This is exactly the kind of experience we built Keeta to enable, and I’m excited to see it come to life.
LowPing retweeted
You keep believing it big fella.
Happily there is more such Secret Harbour disappointment on the way for you and your pals.
LowPing retweeted
Replying to @SandyXiaotong @CaseyBriggs
If only we could limit democratic rights exclusively to Labor voters.