Will Wolf ✌🏻 🚀

MP @ Arche Capital. prev: incubated @bittensor_, @polychain, tilt (acq. @airbnb), webmail (acq. @rackspace)

[Will Wolf ✌🏻 🚀 @throughnothing]

On a short enough time horizon, all investment success is indiscernible from luck

[Emilie Choi 🛡️ @emiliemc]

There's lots of discussion about a16z dropping the word 'crypto'.

It's actually a sign of crypto winning. It's outgrown being a standalone sector and now runs through global finance and frontier tech: payments, trading, tokenization, AiFi, and much more.

We've spent more than a decade building this industry to make it useful everywhere, and we should welcome it escaping its own category. People used to say 'internet companies' - which is a prehistoric phrase now. Eventually, calling something a 'crypto company' should feel just as redundant.

Many of us (including me) will keep the word. But the millions, and soon billions, using it every day won't care what we call it.

They'll care what it lets them do.

[BNB Standard Corporation (BNC) @BNBStandard]

We’re excited to announce Alex Odagiu as CEO of BNB Standard (Nasdaq: BNC), effective today.

Catch him in his first appearance as our CEO live on stage at @money2020 USA in Las Vegas at 11:00 a.m. PT, in a fireside chat with Remy Blaire of @FINTECHTVglobal.

https://t.co/YWa503SHLQ

[Will Wolf ✌🏻 🚀 @throughnothing]

@Mrgunsngear The right already does the same thing, too, no?

[nic carter @nic_carter]

bombshell report from the OCC out today confirming what we all suspected:

between 2020 and 2025, based on a review of 100,000 complaints, America’s largest banks systematically denied banking to lawful businesses based on political and reputational considerations rather than objective financial risk, effectively appointing themselves arbiters of which industries deserved access to the financial system. digital assets was specifically named as one of the six most affected industries.

TLDR: we weren't imagining it. OCP2.0 was real.

[Bitcoin News @BitcoinNewsCom]

NEW POD | BITCOIN NEWS EXCLUSIVE

We sit down with the man who broke the Ledger supply chain attack wide open.

Mark Karpelès (@MagicalTux), former CEO of Mt. Gox, and Zach Herbert, CEO of @FoundationHQ, join us to discuss the largest supply chain attack in crypto history.

🔸 Mark says he found the spy implant 3 weeks before the drain, tagged Ledger, and got no response

🔸 How a hidden cell modem read seed phrases straight off the screen and passed Ledger’s own check

🔸 Why a passphrase didn’t save you, and what actually would have

🔸 Mark says with $5M, he could build an implant you’d need an X-ray to find

🔸 Why the hardware wallet reseller model may be dead

🔸 What the future of self-custody looks like

Watch on YouTube: https://t.co/SeUtnhsBxB

00:00 Ledger Supply Chain Attack Exposed
01:18 How Mark Discovered the Compromised Ledgers 04:29 $100 Million Stolen From Hardware Wallets
05:03 Opening the Ledger to Find the Implant
06:29 The SPI Implant That Reads Your Screen
09:56 How the Implant Steals Your Seed Phrase
13:51 The Hidden LTE Chip Phoning Home
17:00 The Timeline Behind the Attack Going Public
18:31 $86 Million Drained in 24 Hours
20:15 Did Ledger Know About This for Months?
24:00 The Malaysian Reseller Behind the Attack
26:56 How Hardware Wallet Companies Vet Resellers 30:21 Tracking the Stolen Crypto On-Chain
34:20 The Attack Spreads to Europe
36:05 Inside the Criminal Implant Supply Chain
39:10 Why Trezor Wasn't Targeted
42:08 Why Ledger Was the First Target
45:27 The Future of Hardware Wallet Security
50:20 Multi-Party Computation as the Fix
54:30 Making Self-Custody Easy for Newcomers
56:27 Why the Industry Must Professionalize
59:07 Staying Optimistic About Bitcoin's Future

[Nikita Bier @nikitabier]

Technical moats are mostly over at this point. If you’re building something that is meant to be durable, the only moats now are:

• Proprietary data
• Network effects
• A physical component

[Alex Kirchmaier | web3alex.eth 𝕏 @0xSchnitzel]

🚨 If you don’t want to open up your Ledger just yet, here’s a list of hardware wallets and their weights:

⚖️ Hardware Wallet Weights

Ledger
• Nano X – 34 g
• Nano S Plus – 21 g
• Flex – 58 g
• Stax – 44 g
• Nano Gen5 – 46 g

Trezor
• Safe 7 – 45 g
• Safe 5 – 23 g
• Safe 3 – 14 g

BitBox
• BitBox02 – 12 g
• BitBox02 Nova – 13 g

OneKey
• Classic 1S – 20.5 g
• Pro – 65 g
• Pro 2 – 53 g

Blockstream
• Jade Core – 20 g
• Jade Plus – 30 g

Keystone
• 3 Pro – 103 g

SafePal
• S1 Pro – 126 g

Coldcard
• Q – 175 g

NGRAVE
• ZERO – 180 g

ELLIPAL
• Titan 2.0 – 158 g

[Zach Herbert 🇺🇸 @zherbert]

Right now the best near-term solution I can think of is active anti-tamper in hardware wallets (which we have in @FoundationHQ Passport Prime) and maybe more complete epoxy/potting solutions to completely encase the internals in a 3D-mesh.

Longer term it would be great if a company could make a comprehensive display driver chip that allows for encryption, so that attackers cannot connect to the screen's ribbon cable and "see" what the screen is displaying.

I am unaware of any chip that offers this today. Cc @tropicsquare might be a worthwhile endeavor.

[Will Wolf ✌🏻 🚀 @throughnothing]

@matthew_d_green @kmad @matthew_pines as long as P!=NP we should have some problems conducive to public key cryptography (and encryption generally), right? It doesn’t mean our current crypto systems are safe though.

[Haseeb Qureshi ＞|＜ @hosseeb]

Doomerism has now hit cryptography...

Unfortunately, on reflection, I think this is a very sober call. No reason to be taking unnecessary risk with all of the rapid progress happening in mathematics. The risk is not quantum, but just conventional mathematics overturning unproven cryptographic hardness assumptions.

It's UTXO-mode for a while.

[Naval @naval]

When you look back, you’ll wish you’d just done the long-term version of everything.

[Forward Ind. | NASDAQ-$FWDI @FWDind]

Starting on Sep. 30 at 12:00 UTC, $FWDIB will be tradable on @binance exchange.

Please reference Binance's announcement linked below for information on availability, restrictions, and other details.

[Kōhai @kohai_co]

Most AI tools live in their own tab. You go there, get your answer, and bring it back to your team.

Kohai lives in the same workspace as your team. Same context. Same goals. You set the direction, your Kohais execute, and your team reviews and refines.

Work is multiplayer. AI should be too.

👇
https://t.co/3YBiapyoso

[Will Wolf ✌🏻 🚀 @throughnothing]

@MishGEA @tyillc @jlounsbury59 @USRoute41 @mtmalinen @JonFraserTF @GratkeWealth @grok @dgsommersmkts @cogsciclinton @jimiuorio Isn’t this true of lots of things? A Steel plant? A farm? A Car Factory? An Oil Refinery? A Chemical plant?

[Solid Intel 📡 @solidintel_x]

INTEL: KYC should collect less personal data and use zero-knowledge proofs to verify compliance without revealing names, income or addresses, SEC Commissioner Hester Peirce says

[MAX @maxxmalist]

The race for AGI

Script: Sherpa by Pocket FM
Video: Seedance 2.5

[True Performance Network @TPN_Labs]

TPN Bench update

We started reaching out to devs, labs, and teams about TPN Bench, and the response in the past 5 days has been 200+ people asking when they can run their models.

@huggingface recently crossed 3M models, and around 3000 new ones are uploaded every day.

We're pulling data from every publisher daily, and about 99.5% of them publish models with no benchmarks on the model card, that's thousands of models a day that nobody has measured.

Every upload without a score represents a potential TPN Bench user, and we'll keep reaching out.

[Will Wolf ✌🏻 🚀 @throughnothing]

If the Intelligence is Artificial, why are we so worried about it?

[Will Wolf ✌🏻 🚀 @throughnothing]

Imagine if something at work comes up that you don’t like and don’t want to work on, so you just cancel work for a few months and go home. But you still get paid. That’s congress.

[Naval @naval]

The best way to pace the frontier is to hold the labs fully liable for the behavior of their models.