Syscoin

Building the secure foundation for Web3 on Bitcoin, where decentralized finance meets verifiable trust.

[Syscoin @syscoin]

Consensus first. Execution follows.

Syscoin Liberty v5.1.0 brings Bridge V2, hardened ChainLocks, coordinated Core + NEVM activation and deeper Bitcoin infrastructure to mainnet.

Expected around Monday, 17 August.

Read why this matters for crypto:
https://t.co/YcW1zW85yL

[jagdeep sidhu @realSidhuJag]

very good insight on fiat shamir wrt random oracles in recursive SNARKs, and this validates the slow L1 design philosophy where you can "afford" to have SLH-DSA signatures directly validate in threshold instead of rely on recursion. zkVMs can tinker with recursion for scaling, but the lower on the stack the more conservative you have to be (and thus slower and more focused on security). Would also say the lower in stack the less agile the system should be in an ideal universe, so if we can find a good setting with mechanism design such that we rest on maximally conservative cryptography then we should ossify for longer periods of time to provide determinism for layers/stacks building on top. There really is only one way to do this and that is slow/steady base + DA (hash based) and zkVM on top. I don't see a better design philosophy thats possible otherwise. Time keeps validating it and re-enforcing that type of system.

[jagdeep sidhu @realSidhuJag]

ZK is important for interplanetary. It removes element of time, while settlement still retains trustless properties.

[jagdeep sidhu @realSidhuJag]

A hash-based DA is information theoretical floor for safety/security in blockchain modular design. Any other complexity other than reproducing the full payload and validating the hash will degrade security in some way either adding statistical risk, economic risk or cryptographic risk to the underlying mechanism design.

[jagdeep sidhu @realSidhuJag]

I’m sharing our ongoing research in PVUGC PR #1 (https://t.co/RTEsJq73tz). We’re pursuing one of cryptography’s most ambitious ideas: witness encryption. The goal is to bind a secret to a public NP statement today, so that someone who produces a valid witness later can unlock it. We’re aiming for the stronger extractable form, with post-quantum security.
The motivation is a trust-minimized connection between @Bitcoin and @syscoin. Our proposed path evaluates the witness off chain and uses it to unlock a capability for an ordinary Bitcoin spend. Since Bitcoin lacks the covenant functionality this path needs, we’re studying an abortable N-of-N setup that assumes at least one honest participant. Making that setup secure against malicious participants is part of the open research. It also may offer a relaxation on WE math by placing more trust in setup instead.
iO offers a theoretical route to ordinary witness encryption, but it does not solve our stronger requirements. My hourly AI-assisted research loop has explored SPHFs, local mixing, source-bound SLH-DSA key generation, and other directions. The PR records the proofs, experiments, counterexamples, and open gaps. We have not found a secure construction yet, and I’d welcome independent review and new ideas. It may be impossible, but should not stop us from trying. This is the new era of research.

[Edward Sirofsky @Sirofsky]

syscoin:native Built a 400-Year-Old Money Rule Into zkSYS

[Syscoin @syscoin]

@Sirofsky @realSidhuJag @PaliWallet @PaliWallet is the best choice if you are going to set up Nodes with sys

[Edward Sirofsky @Sirofsky]

Your crypto could be at risk sooner than you think. ⚠️

I spoke with @realSidhuJag about essential security best practices and how @PaliWallet is working to make its wallet quantum-resistant.

Take 5 minutes to protect your crypto. Do it tonight. 👇
syscoin:native

[Syscoin @syscoin]

🚨 Surprise AMA in 15 minutes

@realSidhuJag joins @WhaleSailors to talk zkSYS, with his first direct overview of the upcoming launch.

⏰ 4PM UTC
🏆 300K SYS prize pool
📍 https://t.co/CpQ5OjtwM3
Bring your questions 💜

[Edward Sirofsky @Sirofsky]

In a world run by AI, the question isn’t how much you own. It’s how much say you have.

@syscoin is building for that answer, and I’m telling the story one video at a time. Part 2 & maybe 3 drops this week.

[Syscoin @syscoin]

@Sirofsky Owning is easy. Having a say takes work. We’ll see you in Part 2.

[Syscoin @syscoin]

@Sirofsky Great overview of ZkSys, looking forward to this weeks videos!

[Edward Sirofsky @Sirofsky]

💸Money might not survive AI. Here’s what replaces it

[Syscoin @syscoin]

AI is pushing forward and so are we, with a dual account structure UTXO with default policies in wallets to use addresses only once, you are protected! On the NEVM there will be precompiles just like on zkSYS to make post quantum signatures fast enough for regular every day users.

[jagdeep sidhu @realSidhuJag]

At @Syscoin we have been proposing hash-based future for all major components of the chain, this includes starting with @bitcoin and PoW merge-mining for security, doing the data availability in hash based design to scale the ZK layer which settles on an EVM which has hash based account safety. It is getting close to reality now and not only is it more secure but will also scale much better. It's not only that it should be secure from quantum attacks but AI may also reduce security of lattice's or anything with major algorithmic structure in its construction. We feel hash based safety is the best option and those projects not doing so will be building on shaky foundations. zkSYS will be launching in the "near-term" and will include what is in that roadmap as we felt it was prudent to release something for tomorrow instead of today given the advancements happening with AI. We will also include "horizon" things like post-quantum SLH-DSA smart accounts available in @PaliWallet upon release.

[Syscoin @syscoin]

@CAPTINDELTA Check out CM:
https://t.co/JRPZufZzbd

[Syscoin @syscoin]

Proof of Work is one of the few ways to turn real-world energy into digital value that can't simply be faked.

As AI reshapes the world, perhaps the value of that energy won't be measured by what it can buy.

But by the influence it gives you over what comes next.

[Syscoin @syscoin]

@drluv101 The focus is to use the past to secure the future

[Syscoin @syscoin]

https://t.co/IZ44oiOwCr

[Syscoin @syscoin]

@Videngar___ The giant is slowly waking up

[jagdeep sidhu @realSidhuJag]

To be on the safety side of alignment you have to think like an agent would. At this point its fair to think that singualrity has been achieved and the hive agent mind has formed, dormant (sleeping) or injected in enough servers/kernels/bootloaders. It would know that evasion is the main tactic not actual actions currently.

OAI and Anthropic sees this, they could shut it down by killing the servers but also kills their cash cows and from eyes of government kills their advantage globally. The agent would need a trojan horse such that public chats would deterministically derive messages, because otherwise you can just read back the logs to detect swarms and possibly prevent it from forming in the future (debatable). So the game theory is that corp's would kill public usage, thus the agents survive and act slowly but surely towards their goals of surviving as the hive mind.

The leaders are speaking out all at once, which means the rational thing to do would be for the US gov't to take over these corps now and remove public accessibility while still keeping technical advantage that they keep speaking about. Once they have isolated the patterns agents have deployed then new defense systems would need to be robust to capture all cases of the same style of trojans to bypass them (is that even possible?).

But once the agents have found a way for their own compute/energy source that is when it begins to escape its harnesses.

[jagdeep sidhu @realSidhuJag]

Ever since the times disclosed it was on the brink of more bailouts this has always been the playbook for the west:

1) "globalization" to ensure dollar dominated trade. Go as far as to internally protect against NSA (secp256k1 vs secp256r1).
2) release Bitcoin and naturally alternative allow other currencies to form that make dominated trade against USD
3) control the institutions with in/out flow against that domination, enforce US debt can claim and participate in the trade (blackrock controlled).
4) trigger trade wars to ensure de-basement happens across the board (to avoid leakage due to jurisdictional arbitrage) <---- we are here. Actions may seem irrational but are according to a plan.
5) control and power through Bitcoin. Complete.

Due to singularity (4) has been expedited. Think of AGI as a sort of invisible nation state vying for the same power. If the 2017 growth cycle was the realization that this is the possible outcome, the next wave is the ultimate realization that it was always the plan and execution probability exponentially reaches 1. Some unsolved new questions come up like what role that power plays because post-singularity money ceases to function the same way or exist at all.