Bitcoin evangelist, author, entrepreneur Founder: Vault Logic, WatchMyBit, and other fine DougCo companies
Pinecrest FL
Joined January 2010
- Tweets4K
- Following458
- Followers1.1K
- Likes8.6K
Doug Scribner retweeted
I'm always happy to keep spreading the message on improved software security around fintech, @Forbes
Our CEO @MehowHacks spoke to @Forbes on what the $6.3B Binance hack means for banks heading into stablecoin issuance under the GENIUS Act.
The short version: the attackers didn’t break code. They compromised three people.
At a bank there are no cryptographic proofs at all, only more people in the way. The fix isn’t more approvals but a system where withdrawals can’t happen unless the user authorises them, and nobody can withdraw what they can’t prove they deposited.
That’s what we’ve built. Full piece ↓
Solutions to today's hacks
$2.5B just left a Binance wallet in one transaction.
@MehowHacks put out a video on what we’re actually doing about it: zero-knowledge proof of seed provenance.
The idea is simple. Before a protocol lets funds out, the wallet proves, in ~3 seconds, without revealing your seed, that the withdrawal address and the deposit address belong to the same owner.
Or as he puts it: the thief has to show up to the bank with the bags of money they’re about to steal.
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Doug Scribner retweeted
Mehow on the @token2049 main stage today.
Public blockchains put every transaction on display. The tools built to fix that: mixers, privacy coins, shielded pools, hide you, and then the exchanges you actually need treat you as a risk. Transparent to the world, or private and locked out, that's been the choice.
A payment should be private to the world, readable only by the recipient, and able to prove where the money came from when an auditor or exchange asks, without exposing the rest of the sender's history.
AmericanFortress™ is the missing primitive: a payment that is simple, private, safe and carries its own proof. Readable only by the recipient. Provable to an auditor without exposing the rest of your history. Compliant without viewing keys.
#TOKEN2049
Doug Scribner retweeted
People killed by AI: zero
People killed by governments: millions
Let's give control of AI to the governments and call it safety
Sent from WhatsApp
wa.me/16122055858 My wife transferring breast milk from pump to bottle @WalkerAmerica another valuable use of full self driving
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Doug Scribner retweeted
📁 3AM crypto security thoughts
┃
┣ 📂 Did I use the right address
┃ ┣ Checked it 4 times
┃ ┣ Copy pasted it
┃ ┗ Still not sleeping
┃
┣ 📂 Clipboard hijacking
┃ ┣ What if it changed mid-paste
┃ ┣ Transaction already sent
┃ ┗ Can't undo it
┃
┣ 📂 Glass wallet anxiety
┃ ┣ Someone is watching my balance
┃ ┣ They can see every transaction
┃ ┣ Every counterparty
┃ ┗ Everything
┃
┣ 📂 Address poisoning spiral
┃ ┣ That address in my history looks familiar
┃ ┣ Too familiar
┃ ┣ Slightly different
┃ ┗ Oh no
┃
┣ 📂 Quantum dread
┃ ┣ My old wallets are exposed
┃ ┣ Have been since day one
┃ ┣ The math is just waiting
┃ ┗ Someone is already harvesting
┃
┣ 📂 AI agent paranoia
┃ ┣ Is it sending to the right place
┃ ┣ Nobody verified the destination
┃ ┣ No identity check
┃ ┗ Just a raw address and hope
┃
┗ 📁 Existential question
┣ Is my crypto actually mine
┣ If anyone can see it
┣ Track it
┣ Front run it
┗ Was it ever really private
Oh no! That Amazon plane that overshot the runway in Miami landed smack dab in a swarm of @Tesla cybercabs.
I know @JeffBezos acquired @zoox ... is this a form of gang violence to keep the competion down @elonmusk ?
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Doug Scribner retweeted
The key to success is wanting more in life, but the key to happiness is wanting less
Doug Scribner retweeted
My Tesla prevented an accident . Before my brain could process what was happening my car stopped abruptly and resumed running after the dashing boy cleared the path.I couldn’t have prevented this on my own and the aftermath is tragic and unimaginable. Thank you Elon.
Doug Scribner retweeted
Your crypto security should not depend on whether you notice one wrong character.
Yet that’s still how billions of dollars are moved every day.
This Wednesday at 1:30 PM ET, @MehowHacks joins @RoundtableSpace to talk about phishing, address poisoning, the coming quantum threat, and why wallet security needs a completely different architecture.
Don't forget to join in!
Doug Scribner retweeted
US data centers use < 1% of the water Americans use on their lawns annually.
LBNL put data center consumption at 17b gallons in 2023, projected to grow to 38b-73b by 2028.
EPA says lawn watering is ~ 3 trillion gallons. Not including parks, golf, businesses
.5%-.6%
2012 PorcFest! This was the 2nd year of the now famous Doug's Smoothies stand....and the 1st year I traded smoothies for the digital gold.
Thanks for the memories (and the BTC!) @CharlieShrem @ErikVoorhees @rogerkver !
Doug Scribner retweeted
The privacy model crypto actually needs:
Anonymous to third parties. Transparent between the two people transacting.
Right now you get one or the other. Full transparency exposes everything to everyone.
Privacy pools hide everything from everyone, including the recipient who needs to know who paid them.
The answer is an identity layer that sits between those extremes.
Outsiders see nothing. The two parties see each other.
Private where it should be. Verifiable where it matter
Sing it brother!
UPDATE: after 1.75 hours on hold earlier with no answer and 2.25 hours on hold just now, I finally spoke to a “human” who must usually work at the DMV but was filling in at the IRS…
She said she couldn’t help me and gave me a new number to call…
IT WAS THE SAME NUMBER I HAD CALLED TO REACH HER.
Then she said I should listen to the menu options again and hung up…
Meanwhile, my Cybertruck continued to drive itself flawlessly.
This is why they demonized Elon Musk. He actually tried to fix the government.
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Doug Scribner retweeted
Don’t blame baby boomers because they could buy houses for $20k and pay for college with a summer job.
Blame the politicians who printed money from thin air for half a century to fund expansion of government, war and grift.
The money is broken. Fix the money. Fix the world.
