Just another person with autistic ADD from playing too much video games as a kid. Finance, health, energy, crypto. 0.165🐬
Slovak Republic
Joined December 2014
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Marian Bottyán retweeted
Ever notice that in Dune humans fly spaceships between planets but don't use a single computer?
That's not a plot hole. It's completely on purpose. The movies barely explain why, but once you know, almost everything else in Dune starts to make sense.
About 10,000 years before Paul Atreides, humans did exactly what we're doing right now. They built thinking machines to make life easier. They let the machines do their work and make their decisions, hoping it would set them free.
Instead, the people who controlled those machines gained the power to enslave everyone else.
Humanity eventually fought back in a holy war called the Butlerian Jihad, and won. The thinking machines were destroyed.
To make sure it would never happen again, they made one rule sacred: "Thou shalt not make a machine in the likeness of a human mind."
But getting rid of computers created a problem: who would do their work? The answer was humans.
Mentats are trained from childhood to think like computers. Navigators use the spice to glimpse the future and steer ships safely through space. The Bene Gesserit spend generations pushing the human mind and body to their limits.
Every superpower in Dune exists for one reason: there are no computers.
That's my favorite thing about Dune. It's also the most terrifying. Dune isn't a future without AI. It's the future after AI.
Frank Herbert wrote that in 1965.
🤝 Paid partnership
Marian Bottyán retweeted
They’re doing it again because they didn’t go to prison the last time…
1. Make a ‘Vaccine’
2. Have a Pandemic Simulation
3. Get the Media ‘On Board’
4. Pay off the Politicians
5. Use Fear Propaganda
6. Utilize ‘Gain of Function’
7. Say there’s an ‘Outbreak’
8. Pharmaceutical Liars step up
9. Tell everyone they’ll die
10. You’re labelled a Conspiracy Theorist for pointing out the obvious
Marian Bottyán retweeted
How are exchanges tokenizing stocks?
- Coinbase: on Base, an ETH L2
- Robinhood: on Robinhood Chain, an ETH L2
- Kraken: on Ink, an ETH L2
And today:
- OKX + ICE, on X Layer, an ETH L2
With L2s, exchanges own the rails and connect to the largest public blockchain:
Ethereum.
NYSE parent @ICE_Markets and @okx's 50/50 joint venture, OKXICE, has notified the SEC of plans to launch a tokenized securities venue under the agency's temporary Innovation Exemption.
The proposed venue would offer retail and institutional investors 24/7 secondary trading in tokenized US NMS stocks through @Uniswap v4 liquidity pools on @XLayerOfficial, an @ethereum L2.
Access is permissioned through KYC/KYB, sanctions screening, whitelisting and wallet-bound credentials, while the underlying chain remains public and permissionless.
The tokens are intended to represent one-for-one security entitlements to underlying shares held through a broker-dealer. The notice lists 64 proposed stocks, including NVIDIA, Tesla and Apple, paired with USDC, USDG or USDT.
Ethereum is the home of onchain finance.
Marian Bottyán retweeted
חבייר מיליי הוריד בחדות את שיעורי המס בארגנטינה. ומה קרה להכנסות המדינה ממסים? הן עלו ב-4% בשנה האחרונה!
עקומת לאפר בפעולה.
Marian Bottyán retweeted
⚡️Ethereum just casually hits 42,000+ TPS daily peak
With the upcoming Glamsterdam, this speed will only increase!
$ETH is COMING
Banks moat is regulation.
The irony of all this is it’s framed as an ai risk that needs protection against. But think about what it really means
Our banking system is so unsustainable and extractive that the moment humans have smart ai bots advising them, the ai bots will recommend exiting banks and earning better yield elsewhere
Which makes most banks economically unviable
This isn’t AIs fault, it’s a risk of highly monopolized and extractive banking
And it’s fixed by decentralized finance + ai, where users decide what to do with their own assets and earn their own yield
Marian Bottyán retweeted
🚨JUST IN: SEC Commisioner calls to END mass KYC data collection.
Hester Peirce warns existing KYC/AML frameworks create huge databases of sensitive user data, making them prime targets for hacks, phishing and even physical attacks.
She is pushing zero-knowledge proofs as an alternative, allowing users to prove compliance without exposing their personal data.
Marian Bottyán retweeted
Reminder: you can now sync an ethereum node within half a day and with aggressive settings the space it takes up on disk can be under half a terabyte.
EIP-4444 and hard work by client teams on optimizing snap sync has improved things *a lot*.
Glamsterdam will improve the sync situation further still (eg. Nimbus's new sync protocol uses it)
It's just common sense. If people in the country are not hindered to make busisnisses and trade with each other they get wealthier. Wealthy people means wealthy state. Poor people cannot create a wealthy state. @RobertFicoSVK @MilanUhrik @MilanMazurek
It's really crazy how strongly wealth inverse correlates with regulatory burden
If you make it easy for people to start and run businesses and don't get in their way too much, everyone gets wealthier
If you make it hard for people to start and run businesses and get in their way constantly, everyone gets poorer
You can see the effect clearly within the EU:
Countries with low regulatory burden like Switzerland and Ireland have much higher incomes than places like Spain or Hungary where its regulatory burden is high
nomads.com/europe/chart?char…
Marian Bottyán retweeted
Some bangers from the SEC today:
1) buybacks do not make a commodity token into a security
2) liquid staking tokens for commodities are not securities
sec.gov/about/divisions-offi…
Marian Bottyán retweeted
Solana has no checksum??
This would not have been a valid transaction and would not have gone through on Ethereum.
Lost $20K USDC today to one missing character on Solana.
I was repaying a loan on Solana and was using the protocol in backpack, I copied my address from backpack, pasted it into Binance and After sending, I realized the last "J" in the address was gone.
Still a valid Solana address, so it went through. Almost certainly nobody holds the key.
First time losing money in a very stupid way.
I blame Binance, but that's probably because I'm a little salty right now.
2nd largest crypto trading like a pump&dump meme coin. Pump and then a rock solid wall at $2.5k - plebs don't decide when the price goes up or down.
Marian Bottyán retweeted
Today I've hit a very interesting and scary issue. Fable introduced a regression into one of my crypto libs (it originated from a dependency). My fuzzer found the regression and flagged it. Fable then refused to touch it anymore.
Fable *broke* security and refused to patch it.
Marian Bottyán retweeted
Holding 150,000 ETH for years means Coinbase failed to accumulate ETH for years
In the meantime, Tom Lee accumulated 6 MILLION ETH over just one year
Brian doesn't want to mention Ethereum for at least two reasons:
1) Ethereum challenges trusted third party CEXs like Coinbase and reduces their profits by eliminating trusted third parties over time
2) Ethereum marketcap flipping Bitcoin renders Bitcoin irrelevant as ETH will become the primary Crypto SoV - Brian is a big bag holder of BTC
The problem is and has always been self interest
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“I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.” - Satoshi Nakamoto
Is it peer to peer or is it CeFi?
If there's a third party involved, it's CeFi
Marian Bottyán retweeted
The funniest and most ironic thing about EIP-8363 is that BTC maxis spent years claiming Ethereum devs would eventually rug ETH holders by increasing issuance.
Instead, devs are now suggesting pushing issuance so low that even many ETH holders are not on board with it.
The silver lining is this: the probability of anyone seriously proposing that ETH issuance needs to increase is virtually zero. The probability of such a proposal becoming an actual EIP is even lower, and the probability of it gaining meaningful community support is lower still.
Realistically, ETH will never need to increase issuance because Ethereum is structurally sustainable in a way that does not demand such a change.
The same cannot be said about BTC, which is precisely one of the reasons why ETH is structurally the more sound and superior store of value.
Thank you for your attention to this matter.
Marian Bottyán retweeted
people who stored their btc on coldcard got drained because of entropy.
the seed generation was reproducible, anyone could recompute their keys.
so i went through every other hardware wallet to see how they make your seed, and whether the same thing can happen again.
@Trezor: mixes the device's randomness with randomness from your computer, and the device has to prove it used both. even if its chip is fully broken, you're still fine. the best design here by far.
@BitBoxSwiss: 5 separate sources of randomness combined. one bad source can't sink you. open source, reproducible builds, dice supported.
@FoundationHQ: built their own randomness circuit out of plain resistors and capacitors, open source, on top of two other sources. no black-box chip to trust. supports dice.
@KeystoneWallet: 2 secure chips from 2 different manufacturers, combined. also lets you roll 99 dice and publishes how to check the result yourself.
@Blockstream: jade pulls from 7 things: radio noise, cpu counters, battery, temperature, camera, your input, the app. very hard to break all of them.
@SeedSigner: your dice are the only source. no chip to trust at all. and they ship a guide teaching you to verify their own math. weakest hardware, strongest proof.
@OneKey: secure element plus mcu combined on device, open source firmware. solid, but you can't add your own randomness.
@Ledger: one certified chip (AIS-31, EAL5+). good randomness. but it's a single source, closed source, and you cannot verify any of it. you're trusting them completely.
@Tangem: key is born inside the chip and never comes out. audited by three firms. same trade: strong, and impossible for you to check by design.
@ngrave_official: mixes chip randomness with your fingerprint and room light. clever. but the "EAL7" badge covers one software component, not the whole device.
@ELLIPAL: single certified chip, no software fallback, fails closed instead of guessing. closed source, so take it on faith.
@SafePal: 2 chips mixed. they've never published the details.
@COLDCARDwallet: patched now, and dice on coldcard were always verifiable. but every seed made between 2021 and 2026 is permanently burned.
one source = ledger, tangem, ellipal. that one source fails, everything fails. their answer is to make it excellent and certified. that's exactly the bet coldcard lost.
many sources = trezor, bitbox, passport, jade, keystone. one broken source never reaches your key.
and every one of these claims 128 or 256 bits.
coldcard did too. certification doesn't help either, coldcard's chip was fine, the code just stopped calling it.
the only thing that saves you is being able to check.
roll your own dice. verify the words yourself.
