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 Erdลs 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.
Hash AI Community,
We are pleased to announce a new update to our ecosystem, we understand the markets have been quiet but we have remained building consistently and developing industry leading tech in the background.
Hash AI remains a priority for the team. We want to be clear about where things stand, our commitment to outstanding rewards, and the direction we want to take the project.
Restrictions on large-scale power usage affecting our mining operations in the Middle East brought our primary revenue source to a halt. Unfortunately, those restrictions remain in place, and our miners are still offline.
However, we remain committed to paying all outstanding rewards owed through the Community Share Pool and HashMine, once mining revenue becomes available again. That commitment has not changed.
Our physical infrastructure has been central to Hash AI, but this disruption has highlighted the need to build a business that is less dependent on mining and the constraints affecting it. Through the relationships we have built over the past few years, we are exploring opportunities to expand the project in a new direction. We will share concrete details when those developments are confirmed.
We understand that the uncertainty has been frustrating. Thank you for your patience and continued support. From here, we will communicate more consistently, and we will work hard to rebuild confidence in the team's capabilities.
We look forward to sharing more details of our long-term development plan in the coming weeks!
If your 18-30.
You don't understand the power you have.
No kids. No wife. Time to F up. Your parents are good. No responsibilities. No bills. High energy with no effort. Zero expectations.
You should be living in a cheap AF studio apartment, working 14 hour days and going ALL in balls out risk on your dreams.
None of the above are a burden. Simply as you age your responsibility as a man is to take care of those in your tribe. That responsibility grows as you build a family and your parents age.
Past 35 the studio apartment and living on Ramen and starting that dream video game company you always wanted...That'll be a bit harder.
You will never have the chance to be such a high energy reckless fook ever again.
Don't waste it playing video games and drinking with the boys.
Build an unshakeable foundation of skill and business prowess doing something you love that you can count on for the rest of your life.
Most don't. You'll start to notice (and see the huge cost) as you near 40. It's not cute.
1/ This one stings. Our team gave everything we had to get the Clarity Act across the finish line. So did most of the industry. This was an opportunity bigger than Ripple or one company - we did this for the industry, for consumers and to cement the USโs position as the crypto capital of the world and as a leader in the future of finance. Ultimately, consumers and U.S. competitiveness got left behind.
2/ A post mortem needs to be done on why this failed (more from me on that in the days ahead). The politics of the democrats (the anti-crypto army) was elevated over good policy.
3/ There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rule making process.
4/ Ripple's business has never been stronger โ real demand across traditional finance and the digital asset ecosystem. A missed vote in Washington doesn't change our momentum, our global footprint, or our customers.
๐บ๐ธ White House Crypto Summit recap:
โข President Trump says US considers buying "sizable" amounts of Bitcoin & other crypto.
โข Trump calls on Congress to pass Crypto Clarity Act.
โข Trump says US is ensuring it remains the "undisputed leader" in $BTC & crypto.
โข Hyperliquid $HYPE pumps 15% to $69 after Trump says CFTC is working to bring it to US.
โข SEC Chair Paul Atkins says "we will ensure that the greatest advances of the technological frontier are realized right here in America."
โข Gemini co-founders say "America should lead in crypto and win in market."
โข Trump says he "ended the war on crypto once and for all."