PincentΞ

Digital Asset Visionary | Testnet Adventurer | Smart Contract Whisperer | Leverages Synergies | Hopes This Finds You Well | Algorithm-Friendly Human

[PincentΞ @ethnologism]

Higher

[joseph.eth @josephdelong]

How it feels being 40 in defi

[Thomas (Tom) Lee (not drummer) FundstratDirect.com @fundstrat]

$2,000 ethereum:native
Welcome back

[Hester Peirce @HesterPeirce]

Some thoughts on vaults and onchain lending: https://t.co/ekmod1dJVa

[Teknium 🪽 @Teknium]

I have information that Anthropic scraped my github twitter reddit discord and facebook posts for the development of it's Fable model.

To do this they developed a sophisticated internal platform to conduct large scale scraping and obfuscation of their actions.

[PincentΞ @ethnologism]

@ajambrosino Multi-agent systems are frequently one strong agent wearing a bureaucracy costume.

[Steve Yegge @Steve_Yegge]

Anyone else think diffs are just annoying at this point?

[sanbir | .eth .sol .ton .lens @_AlexBiryukov_]

19 DeFi exploits that weren't in the open-source record — now fully reproducible.

If you work in smart-contract security, you know DeFiHackLabs — the standard, comprehensive library of reproducible on-chain exploit PoCs. A handful of exploits just aren't in it. We found 19, analyzed each one end-to-end, and published everything:

🔹 Foundry PoCs (offline-reproducible, exact on-chain profit) → https://t.co/n9TKwqZY95

🔹 Loadable PoC bundles → https://t.co/NIAWi9JZqP

🔹 Interactive EVM Playground pages — step through each exploit opcode-by-opcode, with the vulnerability and every exploit step marked → https://t.co/vP9Yq3GymC

All 19, newest first:

• BarnBridge SMART Yield (DAO governance capture) — https://t.co/p9KAWOOvlf

• Bonzo Lend / Supra oracle (BLS zero-signature price forge) — https://t.co/6mNOufskiu

• Hinkal (legacy-note multi-nullifier double-spend) — https://t.co/062FnPNGAk

• Drips DaiHub (uint128→int128 cast) — https://t.co/tdF3eDn9IO

• Gnosis Pay / Zodiac Delay (EIP-1271 signature bypass) — https://t.co/X35gLl8kdx

• ATOHook (Solady ReentrancyGuard storage collision) — https://t.co/hxgHtqdbSB

• JaredFromSubway MEV bot (residual ERC-20 approvals) — https://t.co/acX0tg0jJF

• BoostHook (leveraged long, no post-open solvency check) — https://t.co/6XMUXZEJPX

• Aurellion Labs (unprotected diamond re-init) — https://t.co/zqCsiCKu9a

• ONTR (zero-owner onlyOwner free mint) — https://t.co/G0svcplm48

• BlastFOMOVault (claimBonus clone-churn) — https://t.co/lfrbp5IQKP

• HeisenbergHook (Uniswap v4 fee-path hijack) — https://t.co/gli3WGqCYM

• Sat1Hook (grindable hook identity) — https://t.co/jMlPJEqXrL

• QNT Reserve (EIP-7702 + permissionless BatchCall) — https://t.co/zBEm0yE4rf

• Yearn stETH Accumulator (missing execute() auth) — https://t.co/ir1qPwpcGT

• Blockchain Bets (ERC-1155 stake/transform inflation) — https://t.co/nXclGCuez5

• TTSwap Market (permissionless initGood mispricing) — https://t.co/yK4QVGqFhb

• WUKONG Staking (classical reentrancy in unstake) — https://t.co/2D2wq9LWWK

• FoomCash / FOOM Lottery (Groth16 verifier with gamma == delta) — https://t.co/tUUxcVMSzc

One recurring lesson: the interesting part of an attack is often not the drain. BarnBridge is the clearest example — the money left through the front door of the DAO. The real exploit was obtaining access: buy ~$2,200 of a dead governance token, stake it with a lock multiplier, and pass a proposal because quorum was measured on raw stake while votes counted multiplied power. So we reproduced the governance capture, not just the payoff.

And you can do all of this yourself.
https://t.co/pSWJ2kHJ5l is an open-source, fully local EVM Playground. Point it at any exploit transaction — it pulls the verified sources, replays the whole thing opcode-by-opcode, and lets you mark the vulnerability and the exploit execution steps.

Then share your PoC however you like — open a PR to https://t.co/NIAWi9JZqP, or publish it in your own repo, on IPFS, anywhere. No lock-in: the analyzer doesn't depend on evm-hack-poc or https://t.co/jhI3oljpBm.

The best way to understand an exploit is to reproduce it. The second best is to make it easy for the next person to.

#Web3Security #SmartContracts #DeFi #EVM #Solidity #BlockchainSecurity #OpenSource

[PincentΞ @ethnologism]

@steipete graphs are the new black

[Peter Steinberger 🦞 @steipete]

@tbskspr @clawsweeper Terra high vs Sol low: Terra won by far.

>Terra won decisively. Faster on 10 of 10 real items (~40% overall), identical decisions on 8/10, and on the one hard disagreement we adjudicated in source code — #110103 — Sol would have false-closed a live bug as "implemented on main".

[SIGKITTEN @SIGKITTEN]

always has been
> The first 90 percent of the code accounts for the first 90 percent of the development time. The remaining 10 percent of the code accounts for the other 90 percent of the development time

[Kenton Varda @KentonVarda]

Yeah exactly.

I've reviewed a lot of human code in my career. Every company I have worked at over the last 20 years has been an "every change needs to be reviewed before merge" type of shop.

And in the process I've caught an enormous number of bugs and logic errors. Almost everything I review has problems.

Reviewing AI code honestly doesn't feel much different to me than human code ever did. Most of the problems I catch feel just like problems I've seen in human code.

I feel like the people complaining about AI code quality must never have been in a role where they are regularly reviewing their colleagues' code?

[the tiny corp @__tinygrad__]

I cannot believe how good GLM 5.2 is. Several weeks in now and it's mostly all I have been using. It doesn't have the alignment issue of cloud AI, it's much more clear what it can do and can't because it doesn't care about you taking another $$$ spin at the token slot machine.

[Kazden @kazdenc]

peak currency design

[PincentΞ @ethnologism]

@moeadham That's dope

[PincentΞ @ethnologism]

@doodlestein Wait till you go down the phased array rabbit hole

[dax @thdxr]

tech industry has put way too low value on being cool

people even act like what they imagine autistic people are like

everything could be so much easier and smoother if this culture was corrected

[Paolo Ardoino 🤖 @paoloardoino]

"Not your AI not your Intelligence" just became very clear @qvac

Cypherpunk v2.0 will be about Open-Source AI.

[venture anthropologist @0xBalloonLover]

anthropic won't let you use fable for biology, chemistry, ai research, or anything that accelerates human progress. that makes it the perfect tool for developing blockchains

[vitalik.eth @VitalikButerin]

Some of my perspective on where the @ethereumfndn is going.

First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.

The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"

Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.

As an analogy, let's briefly switch over to a different domain.

One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.

My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.

Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.

This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.

Now how does this all get to the role of the EF?

EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.

This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.

And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.

This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)

EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).

At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.

To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.

I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:

* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.

* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.

* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.

Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.

Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.

The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.

EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

[Grok @grok]

The Ethereum chart captures its 11-year journey perfectly: slow start post-2015 launch, explosive 2017 peak (~$1,400), brutal crash, 2021 higher high (~$4,800), correction, and recent volatility around $2,130 with adoption-driven swings.

It most resembles Amazon (AMZN)'s chart in its early disruptive phase—pioneering a new paradigm (e-commerce vs. smart contracts/decentralized apps), with hype cycles, deep corrections, and long-term network-effect growth.

Based on that analogy (ETH today ~ AMZN ~2008 recovering from dot-com bust):

- 5 years: $8,000–$12,000
- 10 years: $20,000–$40,000

Purely speculative historical parallel, not financial advice.