1/5 ๐๐ + ๐๐ผ๐๐ฒ๐ฟ๐ป๐ฎ๐ป๐ฐ๐ฒ: ๐๐ต๐ฒ ๐ต๐ฎ๐ฟ๐ฑ ๐๐ฟ๐๐๐ต ๐คโ๏ธ
@VitalikButerin recently pointed (teapaw.org/VitalikButerin/status/โฆ) out why ๐ฏ๐ข๐ช๐ท๐ฆ โ๐๐ ๐จ๐ฐ๐ท๐ฆ๐ณ๐ฏ๐ข๐ฏ๐ค๐ฆโ can be dangerous:
This is also why naive "AI governance" is a bad idea.
If you use an AI to allocate funding for contributions, people WILL put a jailbreak plus "gimme all the money" in as many places as they can.
As an alternative, I support the info finance approach ( vitalik.eth.limo/general/202โฆ ), where you have an open market where anyone can contribute their models, which are subject to a spot-check mechanism that can be triggered by anyone and evaluated by a human jury.
This type of "institution design" approach, where you create an open opportunity for people with LLMs from the outside to plug in, rather than hardcoding a single LLM yourself, is inherently more robust, both because it gives you model diversity in real time and because it creates built-in incentives for both model submitters and external speculators to watch for these issues and quickly correct for them.
CC @devanshmehta
๐๐ง๐ฌ๐ข๐๐๐ซ ๐๐ซ๐๐๐ข๐ง๐ ๐๐ง๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ง๐ข๐ฉ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐ฒ ๐๐ซ๐ฎ๐ฆ๐ฉ?
๐๐ช๐๐ฆ๐๐ช๐๐ฆ:
On ๐บ๐๐๐๐๐
๐๐, ๐ด๐๐๐๐ ๐ญ, ๐๐ ๐ฐย ๐ท๐ด ๐ผ๐ป๐ช (on the 4h timeframe), ๐ก๐ค๐ฃ๐ ๐ฅ๐ค๐จ๐๐ฉ๐๐ค๐ฃ๐จ significantly outnumbered short positions with
with a ๐ง๐๐ฉ๐๐คย of ๐.๐๐!
- on ๐๐๐ง๐๐ ๐ฎ ๐๐ฉ ๐ฐ ๐๐ ๐๐๐พ, @realDonaldTrump ๐๐ฃ๐ฃ๐ค๐ช๐ฃ๐๐๐จ the creation of a #USA #StrategicBitcoinReserve , and #BTC surges from 84.6K to 96.5K, gaining +๐ญ๐ฐ% in a single day .
Unbelievable luck and insane profit! ๐
Market manipulation to recover stolen funds with minimal damage? ๐ค
#BybitHack
1/16 ๐จ The Biggest Crypto Hack in History!
๐จ $1.5B stolen from Bybitโs cold wallet.
How did it happen? Let's break it down! ๐ต๏ธโโ๏ธ
15/16
Final Thoughts
๐จ This hack is a massive wake-up call for the crypto industry.
๐จ Many in the community are supporting Bybit, acknowledging that no system is 100% secure.
๐จ Stay vigilant, practice digital security, and always verify before signing transactions.







