What happens to pearl-2:native when the AI bubble bursts? Does it go into a recession and rise from the ashes years later, similar to how zcash:native did?
@Rothmus Those who are opposed to corporations and favor government do not realize that government is simply the largest, most monopolistic corporation of all and it has a monopoly on violence.
Day 4: the Guardian architecture
This is how Miden makes crypto safe for regular people. The core goal is to make sure that a compromised key does not lead to a catastrophic loss of funds.
This is already live in @joinbread (with sick UX) and here's how it works 👇
Doomerism approach is never a helpful framing, even if it starts with "calmly" and with best intentions.
What we need is risk assessment, practical timelines, and actionable plan.
AI is starting to overturn some of the long-held assumptions on mathematical complexity. At the same time risk of more intelligence applied to these problems yielding new surprising results is growing. But so far, we haven't seen practical security timelines for elliptic cruves materially changing. It's important for crypto space to keep vigilance and flexibility, but speculating about specific "months" timeline creates an unnecessary panic.
Going "bunker mode" is not practical nor a safe approach given how complex it is in operations. We can have better approaches here, for example by recording recovery PQC keys in parallel on application level.
Better approach is making sure that blockchains and tooling around them is designed with cryptographic agility in mind, allowing to evolve cryptography and let users easily update without sacrificing user experience.
NEAR account model was design with this in mind from the start - ability to manage and rotate keys, add and remove supported cryptography.
NEAR already supports post-quantum ML-DSA and we are planning to add hash-based cryptography too over time.
User can just rotate keys on your accounts without needing to move anything or have a complex operations.
Industry should accelerate post-quantum readiness, not because we have updated timelines, but because upgrading cryptography should be a routine operation, not a crisis response.
I think Justin Drake's latest alarmism/vagueposting is going to do a ton of damage in multiple ways. It's basically a huge self-own for their own advocacy work on quantum stuff.
Threats from quantum/AI are real, and teams throughout this industry are making considered decisions about how to respond to those risks in a practical way, and to help their users navigate the uncertainty.
Some of those teams have really good cryptographers with an excellent grasp on the decisions they can make, others have to take their cues from trusted experts. There are so many dimensions to optimize along! And due to the complexity involved, it's almost impossible to explain this stuff to non-cryptographers.
Experts have to be cognizant of all this, and of their responsibility to be levelheaded.
After the fog clears up and people learn from their cryptographer friends what is actually going on, they're going to discover this was (at best) an unintentional marketing stunt and a lot of trust will be lost. And nobody will really know what to do...
This is a shame, because they are directionally correct. It actually meant something when they sounded the alarm before. They've just gradually descended into unhinged predictions without feedback to discourage it.
Can anyone, I mean seriously anyone, justify this debacle? It permanently colors all the legitimate concerns/predictions about classical crypto going forward. By their own admission, there was no new information that drove this. I think Justin Drake should explain how he thought this was the right approach, even if he genuinely believed what he was saying.
Baffling.