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
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)
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.
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
------
“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.
Marian Bottyán retweeted
After a comprehensive review, Aave is deprecating 50 low adoption asset reserves across multiple deployments.
In addition, Aave is orderly winding down deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, covering another 25 asset reserves.
As part of this process, 21 matured Pendle PTs are also being deprecated in favour of new maturities.
In total, the changes affect $98.1M in supply and $15.6M in debt.
These measures reduce Aave's economic and technical risk surface as part of the new Aave Risk Framework and Technical Asset Listing Framework.
Aave will continue applying continuous risk assessment for all assets across all deployments.
Marian Bottyán retweeted
Der niederländische Anwalt, der Bill Gates, von der Leyen, Bourla, Schwab und Rutte wegen Bioterrorismus und Verbrechen gegen die Menschlichkeit angeklagt hat, wurde verhaftet – und sitzt jetzt in einem Hochsicherheitsknast. 🔥
Die globale Elite ist in Panik. Arno van Kessel, der die Zivilklage gegen die Architekten der Corona-Desaster anführte, wurde im Morgengrauen von einem Anti-Terror-Kommando aus dem Bett geholt – gefesselt, geknebelt, abgeführt. Kein Haftbefehl, keine Anklage, kein Kontakt zur Außenwelt. Einfach verschwunden. Weil er fast 200 Dokumente vorlegte, die den größten Verbrecherclub der Neuzeit entlarven.
Die Angeklagten? Bill Gates. Ursula von der Leyen. Albert Bourla. Klaus Schwab. Mark Rutte. Sie alle wurden offiziell wegen Verschwörung, Bioterrorismus und Verbrechen gegen die Menschlichkeit benannt. Die Beweise liegen beim Gericht – aber der Kläger sitzt im Gefängnis. Das nennt man nicht Rechtsstaat. Das nennt man Vertuschung mit Handschellen.
Die deutschen Medien? Sie schweigen. Keine Schlagzeile im Spiegel, keine Sondersendung in der Tagesschau, kein empörter Kommentar in der Zeit. Während die gesamte westliche Presse über jeden Furz von Elon Musk berichtet, ignorieren sie den größten Justizskandal seit Nürnberg. Warum? Weil die eigenen Leute auf der Anklagebank sitzen.
Die Elite fürchtet sich vor der Wahrheit. Also sperrt sie den Boten ein. Aber die Akten sind raus. Und die Welt sieht zu.
#ArnoVanKessel #BillGates #UrsulaVonDerLeyen #AlbertBourla #KlausSchwab #MarkRutte #Bioterrorismus #VerbrechenGegenDieMenschlichkeit #CoronaVertuschung #Systemversagen #MedienSchweigen
Marian Bottyán retweeted
Ethereum should ditch the communist egalitarian/child's eighth birthday unicorn branding and code Machiavellian
That is far more the point of decentralized networks... resistance to adversaries, and brutal respect for the explicitly non-egalitarian state of both nature and man within in.
In line with Bitcoin's apropos slogan, "money for enemies"
Marian Bottyán retweeted
Kimi K3 is running 100% FASTER than it was this morning.
Why? Moonshot hit capacity and chose to stop selling NEW subscriptions instead of throttling existing ones. Every plan: sold out. On purpose.
When Anthropic hit the same wall in April, they cut existing users' usage 50% during peak hours.
Moonshot cut their revenue. Anthropic cut your usage.
That says everything.
My Kimi K3 subscription is not going anywhere.
Kimi K3 has received far more love than we expected, and our GPUs are feeling it.
Over the past 48 hours, demand has pushed close to the limits of our current capacity. To protect the experience of existing subscribers, we're temporarily pausing new subscriptions and prioritizing compute for current members. Existing subscribed users are not affected.
We're adding capacity as fast as we can and will reopen new subscription spots in batches.
Going forward, we'll also split membership into two more focused plans: Kimi Membership for Kimi Web, App, and Work; and Kimi Code Membership for coding workflows. This will help us match compute more precisely and keep the experience stable.
Thank you for your patience and understanding!
Marian Bottyán retweeted
💸 Today I invested in a new thing:
Ethereum is essentially a public spreadsheet with every transaction being visible for everyone forever
But that makes it impossible to use for banks because it's not private. Imagine you buy something and everyone in the entire world can see it? That'd be never be accepted
So my friend @oskarth has been working on a new thing called @eth_systems that lets banks use Ethereum but while keeping transactions private
Before this he was working for 10 years on stuff like zk-SNARK (math tricks that let you prove something is true without revealing the details) and advising the Ethereum Foundation, he's the most high IQ person I know, so when he started something that's for-profit (after lots of non-profit work) I asked to invest immediately
YC always taught me to invest in people not companies, the companies (and product) can change (and should) and it can pivot into lots of other things, but if you trust the person you can estimate a higher likelihood of it (and your investment) working out
If you like to see what they will make, follow @eth_systems 😊😊😊
Yesterday was my last day at the Ethereum Foundation.
Today we are launching EthSystems. We build confidential systems for institutional Ethereum.
I've spent close to a decade building privacy infrastructure in crypto: p2p messaging at @ethstatus, developing Waku protocols at Vac (both now part of @logos_network), mobile proving tooling with @zkmopro, teaching zero-knowledge proofs with my zkintro primer, and advising @ethereumfndn on privacy and access layer strategy. Most of that was aimed at individuals.
The past year at EF's Institutional Privacy Task Force (IPTF) we've been looking at privacy for institutions. On the surface this might seem different, but there are a lot of similarities. There's also a very strong market need for it, and the timing is right.
I've written in the past about the tension and overlap between cypherpunks and institutions. Twitter is not exactly the best medium for nuance, but right now we are at a sensitive point in time: the defaults for the next generation of financial infrastructure are being set, with or without us. I believe we need cypherpunks in the room when that happens.
Excited to start @eth_systems together with my co-founder @motypes and @_rymnc as part of the founding team. See quoted announcement thread for more details.
teapaw.org/eth_systems/status/207…