Ethfinance Daily at /r/ethereum - Big Hugs from KC 🍻 Daily Doots Podcast Host: https://xitter.cf/t.co/RMu68Z5bbR

Kansas, USA
Joined January 2010
⟠ JT Nichol 🦇🔊 retweeted
📣 Attention, privacy lovers! Voting in Epoch 13 - the Privacy Round - is now open and runs through October 21. “Cool, but I don’t have GLM locked...” No worries. You don’t need need to have ethereum:0x7dd9c5cba05e151c895fde1cf355c9a1d5da6429 to participate. Anyone with $ETH can now contribute through the contribute-and-burn path. 🧵
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⟠ JT Nichol 🦇🔊 retweeted
I wrote code. Now I face 45 years in prison because others misused it. Code that no one controls. Code that no one can change or shut down. Yet somehow, I’m being held responsible for what others chose to do with it.
I feel like the whole BoA money laundering thing should be talked about, but what's left to say? I spent a year in prison for not filling out a form around selling Bitcoin and got in trouble because someone two degrees separate from me allegedly used it to launder funds. The amount in question was around $30k. BoA launders $5b and has to give one fifth of it back to the government. No jail for anyone. This is America.
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⟠ JT Nichol 🦇🔊 retweeted
everything is shutting down. bid on the 1/1: songaday.world/6495
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⟠ JT Nichol 🦇🔊 retweeted
🚨 Please get in contact with us ASAP if your funds were drained to these addresses. @SEAL_911 Telegram: [@]seal_911_bot
If you were just drained to any of the following addresses, please can you reach out to @SEAL_911 asap. Total loss is >$72M+ and increasing. TK6DWNpNe1w2iJRNFpU8aHdrPTATxvXT6C TBkcUMYC7CkTK99tkTnaStQVBastfrs9d9 TCGE3xp6YGRKXxDZiLfysgJW3f22KfMNsW TSDWtuZ2pARUVz4v3PkL2hi3iXPjowAr5a bc1qjqgwejnp8dc0x2938x9n9954hj97t82unx49dl 0x83aeac166f6832ae3500000a24510a95a052a599 0x033636e45d519bebb7b5c2520ca6ce56fbdb4f7a 0x69c8f401cfc6cd40ac94691d6d7c48e3b7a47841
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⟠ JT Nichol 🦇🔊 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.
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⟠ JT Nichol 🦇🔊 retweeted
I spent 10+ years in the crypto space every day, and at the time, I couldn't articulate why I kept coming back every day. Now I'm beginning to recognize how much I enjoyed being surrounded by people who shared my dream of a technological utopia.
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⟠ JT Nichol 🦇🔊 retweeted
turns out all you need to pass total surveillance into law in europe is an empty room and good timing 314 voted to kill it. 276 voted to keep it. the law passed anyway chat control 1.0, the bigger law right behind it, and the future of private communications in the EU 👇
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⟠ JT Nichol 🦇🔊 retweeted
Got the OpenPGP certification demo working end-to-end 🔐 Starting from Thurin Labs’ published public key, I generate a QR containing the actual OpenPGP key + User ID + self-certification packets. The device independently parses the OpenPGP object, verifies the UID self-cert, derives the fingerprint itself, shows it on the trusted display, requires physical approval + a local PIN, and signs with the removable NeoPGP card. The resulting standard OpenPGP certification packet comes back over QR, and stock GnuPG verifies it: gpg: 5 good signatures This is the architecture I’m exploring toward Keycard Shell as a general-purpose trusted cryptographic interface: not just signing a host-provided hash, but letting the trusted device understand the protocol object and show the human what they’re actually authorizing. Full demo Video ↓ (excuse the pauses 😅 I’m thinking through a lot of this in real time while I demo it) Github link: github.com/0xterricola/keyca…
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⟠ JT Nichol 🦇🔊 retweeted
BREAKING: SEC provides clarity
BREAKING: The SEC grants a five-year "Innovation Exemption" for tokenized securities venues, allowing blockchain platforms to list and trade real tokenized stocks with full shareholder rights.
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⟠ JT Nichol 🦇🔊 retweeted
Unbelievable this clown is still around
JUST IN: 🇺🇸 Senator Elizabeth Warren says passing the Crypto Clarity Act puts the US at risk of an economic crash.
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It’s easy to point fingers at Democrats for blocking the bill, but in its current form, there were legitimate reasons to object to it. Some of us repeatedly warned that Trump was damaging the industry with his crypto scams, while much of crypto stayed silent, or worse, made excuses for it. This lack of self-awareness is real problem... xitter.cf/AdrianoFeria/status/20…
Trump has literally operated some of the largest scams in the history of crypto. If you think this isn’t going to come back and bite the industry, you’re not thinking this through. All the crypto bros who blindly cheerleaded for him and blacklisted anyone warning that he was a con man who could do more harm than good should at least admit they were wrong so we can move forward. Trump is a con man, he conned crypto holders and he conned America. Stop being apologetic and just call it for what it is.
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⟠ JT Nichol 🦇🔊 retweeted
Replying to @leolanza @ProDJKC
Madness - the US has the chance to lead or be left behind. Also ironic that if they don’t accept what is on the table, there will be no “ethic” rules. She is probably bitter having bought the wrong memecoin…
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⟠ JT Nichol 🦇🔊 retweeted
Banker Beth reading her script like a good little puppet.
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⟠ JT Nichol 🦇🔊 retweeted
Vote them out! They do not care about the people they care about the banker profit moats. This was never about ethics. That is a smoke screen that sounds good to the public.
JUST IN: 🇺🇸 Democrats reject Republican crypto Clarity Act draft bill over ethics language.
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⟠ JT Nichol 🦇🔊 retweeted
Clarity Act passes ✅ FED holds rates ✅ $3,500 ethereum:native by Friday
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⟠ JT Nichol 🦇🔊 retweeted
Nothing can shut down open source. But you can shut down the people who write it. Roman Storm(me) was convicted over a protocol he doesn't control and transactions he never touched. The jury deadlocked on the two serious counts. DOJ is retrying him anyway, in 2027, four years after the indictment. Michael Lewellen (@LewellenMichael) tried to do it the right way. Before publishing a non-custodial crowdfunding protocol, he asked a federal court whether writing that code made him an unlicensed money transmitter. In March a judge threw the case out, not on the merits, but because Lewellen hadn't shown a "credible threat of prosecution." DOJ was prosecuting another developer for that exact conduct at the time. So you can't ask permission. You can only find out at sentencing. The result is visible: shelved projects, teams moving offshore, protocols blocking U.S. users. Repos don't go to prison. Maintainers do.
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⟠ JT Nichol 🦇🔊 retweeted
Replying to @ethdaily
The ticker is ETH.
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⟠ JT Nichol 🦇🔊 retweeted
From Dershowitz to Douglas Murray, Dave lays waste to the other side’s best so consistently that I take for granted how good he is.
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⟠ JT Nichol 🦇🔊 retweeted
Uniswap doing almost $2b in 24hr volume on robinhood chain is absolutely insane Huge growth in tokenized stocks especially
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⟠ JT Nichol 🦇🔊 retweeted
Link: ethernews.org Why: I've always wanted a way to see "what's new" in Ethereum at any time without having to go to whatever blog/discord/reddit/social media site things might be posted at.
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