soon, you will find out that *all software* handling funds is prone to AI finding vulnerabilities. all of it
that's why you also saw tons of defi exploits already this year
open source, L1, L2, DeFi, mutable, immutable, private, transparent, cross-chain. if it's software, it is at risk. in fact, it has always been at risk, but now AI changes the math.
so what does one do about this? is the idea of crypto over?
in theory, the main difference for privacy contracts vs regular contracts is detectability
in practice, we've seen countless times in defi where the hackers got away fast even after detection (happened at least 7 times this year that I can count)
it is not an accident that you've seen so many in recent times
the safest way against this is self-custodying the native asset itself on the native chain. because even in the worst case, the validators could roll it back if the exploit is large and core enough. so there is some lower bound there
but as vitalik, toly, and many others have pointed out, the main improvement to defend against this going forward will be formal verification
this is a rigorous, mathematically-based method to formally prove that software behaves exactly as intended
this is also why open source will be critical. because you will have countless others also trying to help you collectively improve security (for rewards) whereas with closed source the math is fundamentally skewed because only the core team can defend
the next zcash upgrade, some defi protocols, and some chains are already in the process of doing this, aggressively
the result will be that crypto emerges stronger than ever before and in fact safer than centralized counterparts. there will be no stopping crypto.
THE DEATH OF G7: Putin drops devastating GDP numbers that humiliate the West!
"If you look at the dynamics of global GDP over the last 5 years, 49% is represented by BRICS countries, while the G7’s contribution is a measly 18%. BRICS overtook the G7 back in 2020."
"Over 25 years, the BRICS share in global trade has more than doubled, accounting for nearly a quarter of global exports last year. BRICS internal trade turnover already exceeds $1 TRILLION a year and continues to grow steadily."
🇺🇸TRUMP: "I've settled eight wars, actually nine, and now it looks like we could have 10."
🇮🇷IRAN: "This man actually started a war, lost it, and fools everyone by saying he settled it. Absolutely crazy.." 🤣
Trump went from screaming “regime change” in Iran… to now saying he’d be “honored” to meet our Supreme Leader.
This is what defeat looks like.
Iran does not negotiate from weakness.
🇺🇦 The Ukrainians have released a footage of strikes on cargo vessels in the Sea of Azov.
Notice how they didn't strike the cargo, instead the crew compartments? 5 people were kiIIed but not Russians as they wished, instead Azerbaijani nationals.
Baku is furious.
The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag.
- While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible
- The privacy from AI, govt, big tech narrative demands perfection not improbability
- I read about the exploit yday, and didn't appreciate how it violated my narrative mental map. The 30% dump, made me rethink, and I had to take profit on the entire position
- We will consistently re-evaluate our thinking and if my assumptions are proven incorrect, will rebuy, hopefully at lower prices.
- Privacy is priceless and I have no issue eating humble pie and rebuying much higher.
We still hold $WLD and are excited for Lord Elon to pump our bags.
The Holy Trinity is dead. Sadly due to the Orchard Pool exploit, I had to dump our entire $ZEC bag.
- While I think it's extremely unlikely of any minting, it cannot be formally cryptographically proved impossible
- The privacy from AI, govt, big tech narrative demands perfection not improbability
- I read about the exploit yday, and didn't appreciate how it violated my narrative mental map. The 30% dump, made me rethink, and I had to take profit on the entire position
- We will consistently re-evaluate our thinking and if my assumptions are proven incorrect, will rebuy, hopefully at lower prices.
- Privacy is priceless and I have no issue eating humble pie and rebuying much higher.
We still hold $WLD and are excited for Lord Elon to pump our bags.
UK EXPOSED FOR HAVING ENERGY WEAPONS INSTALLED INSIDE TRAFFIC LIGHTS
These are in fact high frequency beam weapons that can be aimed at specific people!
Sovereign capital is no longer on the sidelines.
ADIA, Mubadala, Temasek- funds managing hundreds of billions to over a trillion in AUM, are actively exploring on-chain settlement.
When those treasury moves hit public ledgers, they broadcast everything in real time.
No sovereign wealth fund has ever operated with this level of exposure.
Ghost bridges the gap. Solana-grade speed, sovereign-grade privacy by default.
https://t.co/VrYJMIZ6UL 👻
Congratulations Mirra Andreeva! The 19-year-old Russian tennis player crushed her fascist opponent, who spread terror and hate propaganda before the match, and secured her place in the final.🇷🇺🫡💯
Israel yesterday kidnapped four women. Two are footballers in the Palestinian National Team.
Their names are: Natali Abu Dia and Rand Halwani.
Is it normal to kidnap footballers, @FIFAcom? Where are sports media organisations? This story should be the headline everywhere.
Germany's bid for a non-permanent seat on the UN Security Council ends in crushing failure
After Germany's reactions to events in Gaza, Venezuela, Lebanon and Iran, no one could believe that "its utmost priority will be respect for the rules of international law", if elected
reminder that the united states of america is trying to jail a guy that wrote non-custodial code to help people keep their onchain activity free from surveillance
he did not launder money, did not have central control, his code was immutable. he did not commit any known crime. in fact, he did everything that fincen says and hired lawyers ahead of time just to make sure. didn't matter
he wrote code that individuals can keep their privacy. and they are trying to put him behind bars for this
the dutch have already convicted his cofounder
you can rug an entire country by releasing countless shitcoins, bomb whoever you want, but god forbid you write immutable code that keeps your finances private