Sam 🎒

cooking

[Gwart @GwartyGwart]

My refrigerator just launched a perps dex

[Sam 🎒 @half_built]

@Suitandtie9999 chur cuz

[goodalexander @goodalexander]

@MadRyeguy if you have any functioning dopamine receptors it means you don't have enough size on

- attribution unknown

[Sam 🎒 @half_built]

@Slayed_eth Lets gooo!

[Sam 🎒 @half_built]

@TrustlessState @fomo Backpack

[Size Chad @SizeChad]

https://t.co/UGUOePgRVq bought https://t.co/wumDAV2lwi for $70m and within a year ai is now called si.

[Sam 🎒 @half_built]

@AnderOnchain @Backpack @armaniferrante @Backpack_CN @KyleSamani Truly incredible work here

[Sam 🎒 @half_built]

@reptilepres @Evan_ss6 backpack aint a perp dex dawg

[Santiago R Santos @santiagoroel]

Backpack is my highest conviction in crypto

[FCF Freddy @FCF_Freddy]

Claude cannot drink 17 beers at the work happy hour

[Sam 🎒 @half_built]

while you’re all trying to sell the cryptography FUD I deposited millions to long

[Justin Drake @drakefjustin]

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.

[Sam 🎒 @half_built]

@peterpme This one is doing numbers @peterpme

[Sam 🎒 @half_built]

@tristan @LoganJastremski How good is the roll in?!

[Sam 🎒 @half_built]

@peterpme you must find where he came from and take the fight to them https://t.co/BmrMiXrdcb

[Sam 🎒 @half_built]

@wassielawyer >Poor people weddings suck.

Well done this is the most retarded take I’ve seen today

[Sam 🎒 @half_built]

@armaniferrante

[GoLadsCS @GoLadsCS]

Don't think you get how securities laws or businesses work. Most of this is just wrong and conflates different concepts:

- 13.5% of Robinhood's total revenue last year came from securities lending alone.

- The incentives claim confuses our on-chain product with centralized exchange products. There are zero incentives on DeFi - different pools entirely. And Backpack Securities numbers don’t include any CEX numbers, whereas all other issuers do.

- Re: regulatory tailwinds, you're conflating permissioned/closed-loop tokens. We actually believe our tokens are the only one that is compatible with both models as it is not a debt security.

- Re: secondary market buyer who never onboards having no rights, this is true of every open-loop tokenized stocks today. Again, we believe our product will work with both open-loop and closed-loop models.

- And yes, no one would buy tokenized stocks if they have access to IBKR, just as no one would use stablecoins if they have Visa/MC.

- Not sure where you’re located but generally, we run APAC users through our NZ broker, EU users will go through our EU MiFiD broker etc. Only a minority of jurisdictions route through Comoros.

- Imagine if every token ever launched gave tokenholders 20% of the equity in its Labs/operating/founder's company.

- The thesis isn't fees, and it isn’t about tokenized issuers comparing amongst each other. We want to bring NBBO to Solana.

[Sam 🎒 @half_built]

@fundstrat https://t.co/BoJpn6HT78

[Backpack 🎒 @Backpack]

Backpack wins. Bullish 🎒

[Sam 🎒 @half_built]

@davidtsocy @coinbase @base 🎒

[Sam 🎒 @half_built]

@brian_armstrong 🎒