Cryptotyk (@cryptotyk) header
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๐Ÿ‘‰ Channel author https://teapaw.org/t.co/aLVeJ60TMiโ€ฆ ๐Ÿ‘‰ Channel author https://teapaw.org/t.co/mEJTHPA7lh

Joined June 2021
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1/5 ๐—”๐—œ + ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ: ๐˜๐—ต๐—ฒ ๐—ต๐—ฎ๐—ฟ๐—ฑ ๐˜๐—ฟ๐˜‚๐˜๐—ต ๐Ÿค–โš–๏ธ @VitalikButerin recently pointed (teapaw.org/VitalikButerin/status/โ€ฆ) out why ๐˜ฏ๐˜ข๐˜ช๐˜ท๐˜ฆ โ€œ๐˜ˆ๐˜ ๐˜จ๐˜ฐ๐˜ท๐˜ฆ๐˜ณ๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ฆโ€ 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/202โ€ฆ ), 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
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5/5 AI governance will face the same risks if we donโ€™t design institutions with checks, balances, and incentives at the core. ๐Ÿ‘‰ Question for you: Do you believe AI should ever be given ๐˜ฅ๐˜ช๐˜ณ๐˜ฆ๐˜ค๐˜ต decision-making power in governance, or must humans always remain in the loop?
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๐ˆ๐ง๐ฌ๐ข๐๐ž๐ซ ๐“๐ซ๐š๐๐ข๐ง๐  ๐š๐ง๐ ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Œ๐š๐ง๐ข๐ฉ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง ๐›๐ฒ ๐“๐ซ๐ฎ๐ฆ๐ฉ? ๐‘‡๐˜ช๐‘š๐˜ฆ๐‘™๐˜ช๐‘›๐˜ฆ: On ๐‘บ๐’‚๐’•๐’–๐’“๐’…๐’‚๐’š, ๐‘ด๐’‚๐’“๐’„๐’‰ ๐Ÿญ, ๐’‚๐’• ๐Ÿฐย ๐‘ท๐‘ด ๐‘ผ๐‘ป๐‘ช (on the 4h timeframe), ๐™ก๐™ค๐™ฃ๐™œ ๐™ฅ๐™ค๐™จ๐™ž๐™ฉ๐™ž๐™ค๐™ฃ๐™จ significantly outnumbered short positions with
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with a ๐™ง๐™–๐™ฉ๐™ž๐™คย of ๐Ÿ.๐Ÿ๐Ÿ’! - on ๐™ˆ๐™–๐™ง๐™˜๐™ ๐Ÿฎ ๐™–๐™ฉ ๐Ÿฐ ๐™‹๐™ˆ ๐™๐™๐˜พ, @realDonaldTrump ๐™–๐™ฃ๐™ฃ๐™ค๐™ช๐™ฃ๐™˜๐™š๐™จ the creation of a #USA #StrategicBitcoinReserve , and #BTC surges from 84.6K to 96.5K, gaining +๐Ÿญ๐Ÿฐ% in a single day . Unbelievable luck and insane profit! ๐Ÿ˜…
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Market manipulation to recover stolen funds with minimal damage? ๐Ÿค” #BybitHack
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1/16 ๐Ÿšจ The Biggest Crypto Hack in History! ๐Ÿšจ $1.5B stolen from Bybitโ€™s cold wallet. How did it happen? Let's break it down! ๐Ÿ•ต๏ธโ€โ™‚๏ธ
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15/16 Final Thoughts ๐Ÿšจ This hack is a massive wake-up call for the crypto industry. ๐Ÿšจ Many in the community are supporting Bybit, acknowledging that no system is 100% secure. ๐Ÿšจ Stay vigilant, practice digital security, and always verify before signing transactions.
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16/16 Even the most secure setups can be compromised through human error. ๐Ÿคทโ€โ™‚๏ธ ๐Ÿ” Retweet to spread awareness! ๐Ÿš€
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