dspeedwagon Δ

Knowledge ≠ wisdom. Algo Trading Dabbler.

[Horse @TheFlowHorse]

Men will talk like some modern gladiator and student of Marcus Aurelius and also be selling you a skincare routine.

[dspeedwagon Δ @dspeedwagon1]

On the bright side, cardano and xrp are getting wrecked. So that’s nice.

[Wazz @WazzCrypto]

Oh husbant, u bought the mossad x CIA privacy fedcoin honeypot and now we are homeress

[fejau @fejau_inc]

Hot jobs print today further validates.

The labor market is ripping again and so is inflation. Rate hikes are coming, assuming we can’t get the strait open anytime soon.

[dspeedwagon Δ @dspeedwagon1]

@ChampionsA13751 Twinsies

[dspeedwagon Δ @dspeedwagon1]

@mlmabc Goodness. Missed that, nice trade.

[dspeedwagon Δ @dspeedwagon1]

@ChampionsA13751 Love it

[dspeedwagon Δ @dspeedwagon1]

@MenStandReady @sunil_trades Same.

[dspeedwagon Δ @dspeedwagon1]

@sunil_trades This to general creditors/customers?

[Justin Drake @drakefjustin]

Today a crazy quantum story just got wilder.

On March 31, the Google Quantum AI team published a landmark result on Shor's algorithm for elliptic curve cryptography. Technically, the paper was a bombshell: a dramatic 10x improvement over the state-of-the-art. As a stunt and wakeup call to the blockchain space, those optimisations were illustrated on secp256k1, the elliptic curve underlying Bitcoin and Ethereum signatures.

But perhaps the most striking part of the paper was sociological, not technical. Instead of following standard academic process, the optimisations were kept secret, hidden behind a zero-knowledge (ZK) proof. Google's accompanying blog post mentions they "engaged with the U.S. government". The ZK proof demonstrates the existence of algorithmic improvements without leaking details. Academic censorship with ZK, a historic first!

As a co-author of the Google paper I witnessed some of the context surrounding this censorship. To be honest, multiple aspects of that context don't sit well with me. As much as I believe the general public ought to know more, I am limited in my ability to whistleblow. Though let me be clear about one thing: the Google team's professionalism has been absolutely exemplary, and they deserve nothing but praise.

Censorship has a way of backfiring. The Streisand effect, where an attempt to bury something only draws more attention to it, is exactly what's unfolding today. First, Google's key optimisation has been rediscovered by the French. And in a thrilling turn of events, a collaborative Shor-at-home challenge just launched. The initiative, available at ecdsa[.]fail, breached a new Shor world record in a matter of hours.

Let's start with the rediscovery. Just two months after Google's paper, French quantum expert André Schrottenloher cracks the main secret optimisation. His paper, titled "Optimized Point Addition Circuits for Elliptic Curve Discrete Logarithms", landed on the arXiv today. Big congrats to André, who beat several other nerdsnipped experts to it. In a blog post also published today, Craig Gidney, the world expert on Shor optimisations, revealed that he'd been sitting on this very optimisation for a whole year under censorship pressure.

Interestingly, André missed a handful of minor optimisations, both from Google's original publication and from improvements found since. It's plausible there's still plenty of juice left to squeeze out of Shor, and this is exactly what the ecdsa[.]fail challenge is about. The verifier program developed for the ZK proof does double duty, automatically filtering for valid submissions. Dozens of compounding small and micro improvements are rolling in. As of the time of writing there's an 8.4% improvement to Google's circuit, as measured by the product of logical qubit count and Toffoli gate count. Nice!

The nerdsnipping ran deeper than anyone expected. Over the last few weeks it became clear it extended well beyond André and other quantum experts. Behind the scenes, a small army of amateurs quietly got to work. Inspired by Karpathy-style autoresearch, they turned AI on Shor. Ironically, the verifier program for the ZK proof makes an ideal reward function for AIs. The barrier to entry for this modern style of research is refreshingly low, with several non-experts, even a teenager, finding nice optimisations. Get in touch if you'd like to join a Telegram group with fellow autoresearchers :)

Part 2: neutral atoms and qday

The story doesn't end with Google. On the same day Google went public, a stealthy startup called Oratomic published its own Shor paper in a coordinated release. It made a splash, ultimately becoming the most upvoted paper on scirate[.]com, a website ranking arXiv papers.

Oratomic's claim was wild. By building on Google's logical optimisations and applying custom physical optimisations for neutral atoms, they claimed just 10K physical qubits were sufficient to run Shor's algorithm on secp256k1. That number is mind-bogglingly low.

Knowing essentially nothing about neutral atoms when Oratomic's paper landed, I was intrigued and decided to learn more about the tech. I fell straight down the rabbit hole and spent a couple hundred hours on the topic. I got a little obsessed and watched every YouTube video I could find and spoke to a bunch of experts.

My conclusion? The tech is real, very real. Even Google recently decided to start a neutral atom lab, a notable pivot from their sole focus on superconducting qubits. If you care about qday, i.e. the day a quantum computer will break the first piece of cryptography in production, neutral atoms demand your attention. I shared some of my learnings on Shor and neutral atoms in a 30min talk at the ZKProof cryptography conference. You can find it on YouTube by searching "zkproof neutral atom".

Here's an interesting observation about this duo of breakthrough papers: neither Google nor Oratomic say a word about what their results mean for qday. No timelines. Zero. Nada. That is especially baffling given that the whole point of whitehat quantum cryptanalysis is to inform qday estimations and help the general public make good decisions.

So let me attempt to partially fill the silence, similarly to what Scott Aaronson did in his April 29 post. Given everything I know, including scary non-public information, I now put the odds of qday by 2032 at 50%. 10% by 2030.

Anecdotally, the US government has its own date: 2035. Originating at the NSA and later adopted by NIST, it's when branches of the US government will be disallowed from using quantum-vulnerable cryptography. In plain language: with hindsight, that date is a joke and should be discounted entirely. I don't see how NIST avoids being forced to pull it forward by years.

Part 3: post-quantum cryptography

There are good reasons to sound the alarm today, but please do not panic. Rushing carelessly towards immature post-quantum cryptography is a recipe for disaster. IMO a good target date for migration is 2029, roughly 3.5 years out. 2029 happens to be the date selected by Google, Cloudflare, and the Ethereum Foundation.

These days most of my time goes to safely migrating Ethereum towards post-quantum cryptography as part of the broader lean Ethereum effort. There's a lot to do. We need to rip out and replace BLS signatures at the consensus layer, KZG commitments at the data layer, and ECDSA signatures at the execution layer.

The plan to get there is compelling, and is based on hash-based cryptography. Within the Ethereum Foundation we've developed a Swiss army knife called leanVM (github[.]com/leanEthereum/leanVM) powered by the magic of hash-based SNARKs. Thanks to truly exceptional work by Emile, Thomas, and others, its performance is derisked. Regarding security, leanVM is a jewel, a minimal zkVM crafted for end-to-end formal verification and maximum security.

Want to help? There are two $1M initiatives. First, the Proximity Prize (proximityprize[.]org). Solve a long-standing mathematical conjecture in coding theory, improve hash-based SNARKs, and go home a millionaire. Second, the Poseidon Initiative (poseidon-initiative[.]info), offers $1M for breaking Poseidon, the SNARK-friendly hash function.

[dspeedwagon Δ @dspeedwagon1]

@TheFlowHorse Bruh you shaved your head? Easy killer

[shah @shahh]

Why would anyone buy Crypto right now when stocks are actively doing this?

[Stijn Spanhove @stspanho]

🏃‍♂️ I've gamified my own run so I can race my own ghost with the Meta Ray-Ban Display.

I built a web app for the glasses, loaded a previous GPX from Strava, and dropped game mechanics on top.

Pick up coins when you keep pace, sprint zones reward extra points if you push, and a mini leaderboard on the lens shows how you're tracking against your past self in real time.

Best part: it actually works. Seeing your ghost 20 m ahead is a way stronger nudge than any number on a watch. 😅

[Horse @TheFlowHorse]

As he continues to top blast $IBM

[dspeedwagon Δ @dspeedwagon1]

@ChampionsA13751 This one will be fun to watch tho…

[dspeedwagon Δ @dspeedwagon1]

Ya love to see it. Parasites.

[Vugola @Vugola]

🚨 BREAKING: Claude Opus 4.8 just replaced every single social media agency!!

Claude can now:

> Download YT videos
> Clip the most viral moments
> Add hooking captions
> schedule and post on TT, IG, and YT

the future of marketing is finally here.

[dspeedwagon Δ @dspeedwagon1]

@TheFlowHorse Freya :)

[The Hormuz Letter @HormuzLetter]

BREAKING: Iran has rejected the US demands to surrender its enriched uranium stockpiles under any circumstances, even if signing the MOU and entering the 60-day negotiation window, with no nuclear discussions being held in that or after that window and no change expected to Iran's nuclear posture, per NYT.

This comes as a faction within Iran's leadership holding Supreme National Security Council representation is now actively working to block any deal with the US regardless of terms due to the excessive demands, per WSJ.

[dspeedwagon Δ @dspeedwagon1]

@FutureStacked Seems to be clickbait. Info I found says free internet, battery backup and they pay for power. No money per month. Maybe I’m missing something. Not linking the company contributes to the clickbait idea.

[Nick Timiraos @NickTimiraos]

Looking at the components of core PCE in April

Core goods prices rose 0.3% on the month (3.7% annualized rate) and were up 2.8% from a year earlier, which would be the largest such increase in decades if not for the post-pandemic spike of 2021-22.