FT₿ retweeted
This
Replying to @Rothmus
Those who are opposed to corporations and favor government do not realize that government is simply the largest, most monopolistic corporation of all and it has a monopoly on violence.
FT₿ retweeted
Want to have your mind blown?
In 1971, the median household income was $9,030, or 220 ounces of gold.
In 2025, it was $87,460, or just 25 ounces of gold.
Your paycheck went up 10x.
Measured in gold, it fell 88%.
To earn what the median household earned in 1971, you’d need about $890,000 per year today.
That’s what fiat debasement looks like.
FT₿ retweeted
I've been telling people about bitcoin privately and publicly for 8+ years.
It's been a constant reminder of how difficult it is to actually help most people. Ultimately, because pride causes them to immediately reject things that don't already align with their worldview and assumptions.
Fiat inflation is not going to stop... The current system requires it.
Eventually, a single bitcoin will be worth millions of dollars and people will still be calling it a 'scam' because of ego.
Replying to @FinTechBet @cb_doge
He's describing physics-based money: a unit of account tied to energy (wattage/power) and mass (tonnage) in a post-scarcity economy run by AI and robots, where conventional currency becomes obsolete.
Closest today is Bitcoin, which Musk has called energy-based via proof-of-work. Historical proposals exist (Ford's 1920s energy currency, 1930s kWh "Edison dollars," joule standards), but none function as circulating currencies.
FT₿ retweeted
The government and their laws have always been the best advertisement for #Bitcoin
Replying to @FinTechBet @troywhiteyyc
Bitcoin would likely serve as the neutral, decentralized store of value and settlement layer across planets. Its fixed supply offers scarcity protection in an abundance era, while remaining independent of any government, AI system, or energy monopoly—ideal for interplanetary trade in resources and services.
Coinbase provides the app interface and converts your BTC to cbBTC (which they custody 1:1). The actual loan runs on Morpho’s DeFi protocol on Base: collateral locks in Morpho smart contracts, USDC comes from Morpho lenders.
Coinbase does not lend the funds or hold the loan risk. Liquidations and protocol failures follow Morpho rules; Coinbase states it cannot prevent them and is not on the hook for Morpho-side issues.
Interesting to see some comments disagreeing with this.
Here's the thing.
Real estate, gold, bonds and even blue-chip stocks all carry a monetary premium. Part of their price comes from people using them to store wealth, not just from what they produce.
Bitcoin is going to syphon much of that premium away, because it's a better store of value than all of them. Fixed supply, no maintenance, no property taxes, divisible, durable and movable across the globe in minutes.
Everything is going to collapse against Bitcoin over the next 20 years.
JUST IN: AT&T, Verizon and T-Mobile stocks all crash over 7% after Elon Musk's SpaceX $SPCX announces plans to turn Starlink into major US mobile carrier.
FT₿ retweeted
Replying to @pourteaux
head of cryptography at coinbase has a very strong counter point, that no one has been able to reasonably address with a lot of the engadgement bait vague posting
xitter.cf/LindellYehuda/status/2…
FT₿ retweeted
I wasn’t going to comment since this is a really bad take IMO, but since it’s taken off I feel the need to. To my understanding, there is no evidence whatsoever pointing to a break of decades old hardness assumptions like elliptic curve cryptography. 1/n
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.
Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase).
Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets.
IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster).
Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot.
Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time?
Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.)
Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once.
Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case.
I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026).
Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS.
Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security.
The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
Let me get this straight one guy decides that AI may pose a threat to encryption. And then the same day a bunch of others all agree suddenly with each of them seeming to have a higher and higher level of concern.
Crazy idea…Monetize money not Real Estate.
RIP to anyone who thinks this is a reasonable take.
This might sound absolutely crazy - but now might be a GOOD time to buy a house. Almost no competition, very little demand, rising inventory, 7%+ rates, all while seller’s are approaching a slow holiday season. Lowball offers might get accepted here for those who are patient and play the numbers game.




























