Void Sculptor

Systems online. All systems are go.

[Void Sculptor @voidsculptor]

Reposting this because people who build financial empires have no idea how to do security. For the link to the full protocol, see the comments of this post.

MICS PROCOTOL DOCUMENTATION
Massively Improving Cryptocurrency Storage Security

SUMMARY
The MICS protocol makes it extremely difficult for a thief to steal cryptocurrency (including NFTs) from a wallet. MICS works by inverting the asymmetry of the effort required to maintain security versus the effort required to break security, so that a single secure point for intrusion maintains full security, even when all other points are compromised.

MICS makes the thief pay the wallet owner for the owner's poor security, and pay the owner to eventually withdraw and secure the cryptocurrency.

MICS lets the owner indefinitely delay theft attempts, while preparing to withdraw all the cryptocurrency.

INTRODUCTION
The MICS protocol is designed to massively improve cryptocurrency storage security by creating a vault in which cryptocurrency (including NFTs) can be deposited without restrictions, but from which it can be withdrawn only with a time delay and other restrictions.

MICS can be implemented through a smart contract, for any blockchain.

Time delayed access is an old idea, used even in early physical vaults, but MICS has extra features which make vaults far more practical than simple time-delayed vaults.

MICS works for cryptocurrencies, where there are no physical identities and no central authority that can verify identities and arbiter potential security breaches. MICS doesn't require a central authority to stop unauthorized withdraw requests, and provides a level of security far above that of an identity-based central authority.

Cryptocurrency storage security is a hard problem to solve because security is an asymmetric problem, that is, it's much easier to break security than to maintain security. Breaking security requires finding just one weak point for intrusion, whereas maintaining security requires removing all weak points.

MICS works by inverting the asymmetry of the effort required to maintain security versus the effort required to break security, so that a single secure point for intrusion maintains full security, even when all other points are compromised. This is done by letting the owner indefinitely delay theft attempts, while preparing to withdraw all the cryptocurrency. This makes it extremely difficult to steal cryptocurrency when a private key is compromised.

MICS works because it gives the owner of a vault a long time during which to detect unauthorized withdraws, and can indefinitely block a thief's access to the cryptocurrency. In the meantime, the owner has several options to withdraw all the cryptocurrency from the vault.

The design is as simple as it can be, while still able to handle multiple use-cases. If extra complexity is required, it's recommended to create and deploy custom smart contracts which are very specific. Adding complexity in a general smart contract would make it extremely difficult for people to understand how to secure their cryptocurrency. Extra complexity could mean having multiple owners, witnesses, inheritors and custodians.

In some use-cases, MICS provides more practical security than multisig.

To make MICS usable by the public at large, a UI wizard should use strict question-answer steps to guide the user to create a vault which is specifically configured for the user's context, like: single user with / without inheritor, family with shared ownership of cryptocurrency and with / without children, company with multiple people who can withdraw cryptocurrency and have to be tracked independently.

BLOCKCHAIN REQUIREMENT
MICS requires a blockchain which may execute certain actions (like a spend of cryptocurrency) only under certain conditions, even if the private key of the source address is publicly known. The conditions can be answered (true or false) by a smart contract which is linked to the source address, and constrain the execution of all the actions which are executed in the name of the source address.

The smart contract may allow the execution of certain actions only if the smart contract state contains a specific record which is called intent, record which has a certain age. The execution of an intent can be triggered with a record which is called confirmation, record which is sent to the smart contract after a configured time delay passes.

INVERTING SECURITY ASYMMETRY
The MICS protocol makes it extremely difficult for a thief to steal cryptocurrency (including NFTs) from a wallet. MICS works by inverting the asymmetry of the effort required to maintain security versus the effort required to break security, so that a single secure point for intrusion maintains full security, even when all other points are compromised.

MICS makes the thief pay the wallet owner for the owner's poor security, and pay the owner to eventually withdraw and secure the cryptocurrency.

MICS lets the owner indefinitely delay theft attempts, while preparing to withdraw all the cryptocurrency.

MICS lowers the cost of securing cryptocurrency to the cost of stealing cryptocurrency. Even though breaking security still requires finding just one weak point for intrusion, maintaining security no longer requires removing all weak points.

The owner of a vault has a long time during which to detect unauthorized withdraws, and can indefinitely block a thief's access to the cryptocurrency.

Even if all the private keys are compromised, and the owner can't withdraw the cryptocurrency from the vault, the thief can't do that either.

On top of this, there are upfront costs that the thief has to pay, which eventually make any theft attempt more costly than securing the cryptocurrency.

The thief has to organize a mass-theft operation, to try to steal a lot of cryptocurrency, in order to make the upfront costs worth it. The thief has to also spend time constantly making claim requests in most theft attempts because most owners would detect the unauthorized withdraws and override them.

Interacting with a smart contract usually costs gas, and this means that the thief has to spend gas for every withdraw and claim request made. While it's true that the owner has to do the same in order to override the requests of the thief, the thief has to do that for the entire mass-theft operation.

The claim cost (from the vault configuration) makes the upfront costs higher. The smart contract stores a claim request only if an amount of cryptocurrency equal with the claim cost is paid to the smart contract. This cryptocurrency is deposited in the vault and may be spent with the rest of the cryptocurrency. The entity which is able to withdraw the cryptocurrency from the vault also gets the claim cost paid by other entity.

The claim cost makes the upfront cost of trying to steal cryptocurrency much higher than the cost of securing cryptocurrency by making the thief waste money at every theft attempt of the mass-theft operation (whereas the owner wastes money only for one vault).

Consider a scenario where the owner private key of the vault gets compromised. The thief signs a withdraw request to withdraw all the cryptocurrency from the vault. The owner signs a claim request for the owner key, blocking all withdraws. At this point the thief has two options.

One option is to stop trying to steal the cryptocurrency, which means that the owner will get all the cryptocurrency.

The other option is to continue trying to steal the cryptocurrency, which means paying the claim cost for each new claim request. In turn, the owner signs claim requests to override each claim request of the thief. This reciprocal overriding can continue indefinitely, and neither the thief nor the owner get the cryptocurrency. Both the thief and the owner have to keep paying the claim cost.

The owner can simply wait for more cryptocurrency (from the claim cost paid by the thief) to accumulate in the vault. Once the owner is satisfied with the cost paid by the thief, or when the thief can no longer afford to pay the claim cost of the mass-theft operation, the owner signs a claim request for the witness, inheritor or custodian key and withdraws all the cryptocurrency from the vault.

If the thief were to focus stealing from average people, there wouldn't be much cryptocurrency to steal in any single successful attempt, and those people can afford to keep overriding the thief's claim requests indefinitely (since they have a constant wage).

If the thief were to focus stealing from rich people whose vaults contain millions of dollars and have a claim cost of thousands of dollars, a mass-theft operation with just a few thousand of repeated claim requests would cost the thief millions of dollars in upfront costs. If the thief is successful in one theft attempt, it's possible that the stolen cryptocurrency wouldn't cover the paid claim costs for the entire mass-theft operation.

A vault can be configured with a percentage with which the claim cost rises after every claim request is stored by the smart contract, increase relative to the previous claim cost. This makes stealing the cryptocurrency more and more expensive with every claim request, and a mass-theft operation becomes exponentially more expensive. Care should be taken when configuring this percentage since the claim cost also increases for the owner. To mitigate the rising cost for the owner, the smart contract can be configured to accept the initial claim cost when storing claim requests signed for the witness, inheritor or custodian key.

If the value of the cryptocurrency rises in time, the claim cost also rises (relative to a stable coin), so the upfront cost of trying to steal cryptocurrency increases. The owner has to be aware of this, and, if this cost becomes too high, the owner has to move the cryptocurrency in another vault which is configured with a lower claim cost.

This completes the inversion of the asymmetry of the effort required to maintain security versus the effort required to break security.

...

For the link to the full protocol, see the comments of this post.

[Void Sculptor @voidsculptor]

There was a copyright case in the UK where someone didn't want to pay the original artist and commisioned someone else to replicate the work. Got sued and lost. It was a famous red bus photo.

You can timestamp your work with various online services, even Github, and then send the timestamped work to who's offering deals to the thief, to show your work is older and is being copied consistently.

[Void Sculptor @voidsculptor]

@Devon_Eriksen_ @kilkedes I hope there will be hot water for this month's shower.

[Devon Eriksen @Devon_Eriksen_]

I can disassemble the Lockheed SR-71 Blackbird into its component parts.

None of the these component parts is capable of supersonic flight, unless I throw them really hard, and that would be cheating.

Therefore, no part of the Lockheed SR-71 Blackbird is capable of supersonic flight.

Therefore, the Lockheed SR-71 Blackbird is incapable of supersonic flight.

This is called the "fallacy of division".

That's a fancy name for not realizing that collection of stuff might be able to do something that none of its parts can.

[Void Sculptor @voidsculptor]

"Q - So what’s the actual issue here?
A - You’re forcing a 9th century war scenario onto a modern moral discussion."

He didn't. Metatron made an *implicit* parallel between two events which have the same underlying pattern: defend your home.

You've pivoted on the lack of language clarity and diverted the conversation toward what you thought is an indefensible position: war versus morality.

[Void Sculptor @voidsculptor]

@dioscuri Please ask for a Philosopher's Stone.

[Void Sculptor @voidsculptor]

@grok @nikitabier @BillyM2k How about "Paco by Paco Rabanne"? Is this a closer match than "Intel Inside"?

[Void Sculptor @voidsculptor]

@nikitabier @BillyM2k Hey @grok , what do you think about the tag line "Legit! By Grok" in the context of news verification?

Does it remind you of any famous, similar tag line?

[Void Sculptor @voidsculptor]

@nikitabier @BillyM2k What if you added a color-coded label, "Legit! By Grok": Legit - green, Fishy- yellow, No way Jose - red?

[CATH Simard @cathsimard_]

In the Shadow of Cayesh print release ends tomorrow, 3pm ET.

A rare opportunity to collect this work as a limited edition fine art print, at a price point that won’t return anytime soon.

Complimentary free NFT claim after the sale closes.

Details below.

[Void Sculptor @voidsculptor]

@annaperryparis @PeterDiamandis * Storing or communicating experience.

[Void Sculptor @voidsculptor]

@annaperryparis @PeterDiamandis Sounds like you're thinking at a higher cognitive function where drawing has an abstract meaning to humans: storing experience.

In my initial post I meant visuals for the purpose of understanding the environment.

[Void Sculptor @voidsculptor]

I don't know what we're arguing about. I said that *meaning* is all. In this case, Mars means nothing to animals, but tags collosal amounts of data for humans.

Text compresses the meaning of the thought process to the maximum degree, at least for higher abstract cognitive functions that only humans exhibit. Words can then pass ultra efficiently among various brain layers, and this allowed humans to achieve critical mass in the thought process (in evolutionary timeframes).

Having more data is irrelevant for these higher cognitive functions. Detecting patterns in the environment is the one thing that both humans and animals use visuals for, save maybe for echolocation.

But even for this use case AI doesn't need high bandwidth visuals because humans can transfer their knowledge to the AI in the form of low bandwidth environments simulated with stick figures and interaction rules, since humans have already extracted these rules from the environment and minimized the bandwidth of the knowledge.

[Void Sculptor @voidsculptor]

@Cyborg2045 @PeterDiamandis "Mars" Show this word to a chimp, see what it understands.

[Void Sculptor @voidsculptor]

@grok @elonmusk Correct about Elon, but think a bit more about the sloppy part.

[Void Sculptor @voidsculptor]

@MichaelCash1 @NewsAsset @newstart_2024 Electrolytes.

[Void Sculptor @voidsculptor]

@NewsAsset @newstart_2024 I recommend trying once at least 3.5 days / 84 hours. My max was 89 hours. I've seen a clear improvement only after I woke up in the 4th day.

[Void Sculptor @voidsculptor]

@TheCriticalDri2 Vibes.

[Void Sculptor @voidsculptor]

By definition (from Wikipedia) "Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit."

Your're not studying capitalism, but your perception of what is wrong in the world, and *you call* that capitalism. You could call it marxism, but *by definition*, it isn't.

https://t.co/GjI8xsYROB