
head of BD @un_wallet | emotional intelligence and soft skills in web3 & tech | web3 since ’17
Joined January 2018
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be delusional optimistic, because according to the Pareto principle, 80% of effects come from 20% of causes.
we still have 20% of the year left to make it better.
stef retweeted
CLAUDE FOUND THE SEEDS
anthropic.com/research/ecdsa…
Happy #WorldMentalHealth Day everyone!
stef retweeted
I think I found a planet nobody knew existed.
It's been hiding in NASA telescope data for seven years.
At the end of this thread, you can fly to it yourself.
stef 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…
absolute visionary alpha on tokenization by @SergeyNazarov
EXCLUSIVE: Sergey Nazarov On The Tokenization Supercycle (And Whats Coming Next)
I hosted the first sit down interview with Chainlink’s Co-founder Sergey Nazarov at Sibos 2026.
@SergeyNazarov @chainlink @therollupco
00:00 Intro
01:55 Chainlink's Best Sibos Booth Ever
03:49 Chainlink and Swift Ledger
05:43 More Chains Means More Chainlink Value
07:44 DTCC Deeply Integrates Chainlink Data Feeds
09:56 Chainlink Solves The Digital Twin Problem
14:25 Tokenization Is Not About Tokens Themselves
17:44 Laws Will Change Then All Settlement Goes Onchain
19:38 Fragmentation Is Actually Chainlink's Tailwind
21:39 Chainlink Solves Each Problem As It Appears
23:34 Smart Contracts Defined By Sergey Nazarov
according to Pareto’s rule – there’s still a possibility to produce main outcome for this year
youtu.be/psCf0oK9dvg?si=E9tn…
Next month marks the start of my 10th year in the crypto and Web3 industry.
I’ve witnessed firsthand the evolution from Google banning any mention of cryptocurrency to the entire traditional finance sector moving onchain.
Am I satisfied? I suppose not yet.
The only thing I know for sure now is the value of three, five and ten years, and what can truly be accomplished in these periods of time.
stef retweeted
Your binder is about to get a major upgrade.
Rip packs on your phone.
Every pull backed by a real, physical card.
Vault it or ship it.
Soon on Coinbase.
stef retweeted
Some bangers from the SEC today:
1) buybacks do not make a commodity token into a security
2) liquid staking tokens for commodities are not securities
sec.gov/about/divisions-offi…
a bright future
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/…
Yesterday we closed the book on XBTUSD — the contract that started it all.
Launched on 13 May 2016, it was the longest-running perpetual swap contract in crypto. And until we are told otherwise, the longest running derivatives contract of any kind, given TradFi still trades on contracts that expire.
Let's take a trip down memory lane one last time 💔
time flies
Yesterday we closed the book on XBTUSD — the contract that started it all.
Launched on 13 May 2016, it was the longest-running perpetual swap contract in crypto. And until we are told otherwise, the longest running derivatives contract of any kind, given TradFi still trades on contracts that expire.
Let's take a trip down memory lane one last time 💔


























