BREAKING: Vitalik states that @Pumpfun has killed memecoins by turning new retail investors entering the crypto space into degenerate gamblers and with no real-world use, the industry will die fast.
He also stated that @pumpfun has been a net negative to crypto since it was released in 2024 by draining the $crypto ecosystem and turning retail into gamblers not investors.
He also said the platform is setup like a slot machine you keep clicking until your fully drained - pump ultimately wins but retail loses.
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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"Privacy allows people to think freely. There's the space inside your head where you can basically think whatever you want and be fairly confident that no one is reading your mind. You can reason about the world and reason about what should happen in the world.
@feministPLT #zcash $ZEC #privacyisnormal
I’ve lived among people from all over the world for years. I studied abroad. Nearly all of my friends are from all corners of the world: Colombian, Egyptian, Saudi, Chinese, Iranian, Nigerian, South African — you name it.
We live peacefully together in places like Bangkok and Dubai. Everyone behaves. Race doesn’t matter. Nobody talks about racism 24/7. It’s just people living together.
So where did Europe go wrong?
Europe imported large numbers of people from the third world with no degree, no job, no family and no future in their own countries. Even countries culturally much closer to them refused to take them in and even warned Europe it was insane to do so.
So what did we expect would happen?
Import the lowest class of the third world on a massive scale, fail to enforce integration, tolerate criminality and disorder — and eventually parts of your own society start resembling what people fled from in the first place.
This is very different from many of the workers who came to Europe in previous decades. They came to work, behaved and contributed. Yet even among their children and grandchildren, integration sometimes failed…
I’m only in Belgium once per year for 2–3 months. Every time I return, I’m shocked by how quickly things are declining. When you live somewhere every day, gradual change is harder to notice. It’s the boiling-frog effect (look it up).
I see it more clearly because I leave and come back and live in places it all works fine.
And everyone I meet abroad recognizes the problem. People from completely different countries and cultures ask the same question: what the hell is Europe doing?
Yet Europeans themselves stay quiet. Decades of being told that opposing mass immigration or demanding integration makes you “racist” have taken their toll. While it’s the most normal thing in the world
And don’t get me started on the role of the media. They aren’t even showing what is happening in France now.
Restore law and order. Control the borders. Let in people who want to integrate, work and contribute. Deport non-citizens who commit crimes or whose asylum application is rejected. Stop pretending that borders, enforcing standards and demanding integration are somehow racist. It’s ridiculous.
The entire world already operates this way and agrees Europe has to do this.
So why isn’t Europe doing this? It’s societal suicide and self-eradication.
I’ve never voted far right in my life. I vote center-right - and this is the silent majority. I’m still balanced and nuanced. But the far right is winning terrain and they are not as nuanced. And more and more people are so tired of it they don’t even want to be nuanced anymore.
I’m afraid this is going to end up badly soon.