On a Halloween night, 15 years ago...
An anonymous and mysterious programmer, posted the solution to a computer science problem.
A problem once thought impossible to solve.
It was the invention of an all-powerful, uncontrollable, malware network...
🧵
The Bitcoin Breakdown⚡️🪁🤘 retweeted
More security whataboutisms to boost NVK's morale.
If he wasn't such a faggot he'd turn on replies
unavailable
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The Bitcoin Breakdown⚡️🪁🤘 retweeted
Bitcoin explained in 10 sentences.
1. To understand Bitcoin, you first have to understand the problem it solves: money controlled by people.
2. There is a money-power paradox: if someone has the power to control the money, someone has the power to corrupt it.
3. Every form of money before Bitcoin had a central seat where someone could control the money, and because of that, every form of money became corrupted, including today's money, which is controlled by governments and central banks, which enables them to create money out of thin air and destroy the purchasing power of your money.
4. Bitcoin is a new monetary system designed to remove that central seat of power and stop monetary corruption once and for all.
5. Satoshi Nakamoto, the creator of Bitcoin, saw the corruption of money as a *trust* problem; we must trust central banks and governments not to manipulate the money, but the history of their system is filled with breaches of that trust.
6. Satoshi's solution was simple: instead of relying on trust to run the money system, use proof.
7. Instead of trusting one central authority, like a bank or government, to make sure the system is running properly, Bitcoin spreads that job across thousands and thousands of computers around the world: participants use proof to demonstrate that they are following the rules, and each computer independently verifies that proof, only accepting activity that follows Bitcoin's rules and rejecting anything that doesn't.
8. The result is a monetary system where no single person, government, or institution can control and manipulate the money, because the power to enforce the rules is spread across the entire network rather than concentrated into one authority, and because nobody can get away with breaking the rules -- nobody can just appear at a press conference and claim that what they're doing is legitimate -- rather, they must provide proof that their work is legitimate, and the entire global network is always checking that their proof-of-work follows the rules.
9. Think about what this means: for thousands of years, humanity has lived in a world where the people controlling the money could change the rules of the game to benefit themselves, while everyone else had to deal with the consequences.
10. Imagine what would happen if we had a money system where everyone played by the same rules, where everyone HAD to be honest in order to participate, and where that reality could not be manipulated.
That's Bitcoin.
The Bitcoin Breakdown⚡️🪁🤘 retweeted
Wavelength is now live on mainnet! ƛ
wavelength.money/
shouts out to all the testers that gave valuable feedback to help us improve the performance and UX of the system 🤓
you can grab v0.2.0 of the release here: github.com/lightninglabs/wav…
Wavelength is now live on mainnet! 🌊
Humans and agents can now send and receive bitcoin payments with the Wavelength SDK.
A few API calls, self-custodial from the first command, with no node or liquidity to manage.
Read more and start building: lightning.engineering/posts/…
The Bitcoin Breakdown⚡️🪁🤘 retweeted
Education doesn’t have to be text and flat diagrams. So I’m building a 3D book about energy that students can play with: 10 lessons to predict, test and prove. Built with Opus 5.5 and Three.js.
Try Lesson 1, Energy stores: everyday objects and where their energy is kept ↓
Introducing earshot
Opus 5.5 can build a whole launch video in code but still produces sloppy sfx.
so we built earshot. it's ears for AI coding agents. they can now hear sounds, judge them and even make their own good sounds.
every sound in this video was made with code.
(sound on!!)
The Bitcoin Breakdown⚡️🪁🤘 retweeted
Don’t throw away your old Echo devices just yet!
Ripped out Alexa from my Echo Show and 2nd-gen Echo Dot, and now they’re running @Muse 👀
The Bitcoin Breakdown⚡️🪁🤘 retweeted
To secure open-source software, we’re launching OSS Scanner.
We’ll use our frontier models to periodically scan opted-in open-source projects for vulnerabilities, at no cost. Our reports will provide a proof-of-concept, explanation, and suggested fix.
anthropic.com/research/launc…
The Bitcoin Breakdown⚡️🪁🤘 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.
New garbled circuit optimization paper just dropped:
"This paper introduces BABE, a new proof verification protocol on Bitcoin, which preserves BitVM3’s savings of on-chain costs but reduces off-chain storage and setup by three orders-of-magnitude"
eprint.iacr.org/2026/065.pdf
You can’t stop bitcoin
The Bitcoin Breakdown⚡️🪁🤘 retweeted
🇿🇼 ZIMBABWE’S INFLATION FALLS BELOW 🇺🇸 US AND 🇬🇧 UK AFTER ADOPTING HARD MONEY
Zimbabwe’s annual inflation fell to 2.9% in August, below the UK at 3.1% and the US at 3.4%.
The milestone is mind-blowing for a country synonymous with hyperinflation.
In 2008, Zimbabwe’s inflation spiraled so far out of control that prices were roughly doubling every 24 hours, culminating in the infamous 100 trillion Zimbabwe dollar banknote.
Zimbabwe introduced the gold and foreign-reserve-backed ZiG currency in 2024.
h/t @IGWTreport
The Bitcoin Breakdown⚡️🪁🤘 retweeted
Introducing Vora Aegis: The World’s Most Loyal AI
@Erikcason, @jesseposner, and Nick George unveil the Vora Aegis hardware for the first time, showcase its software, and share their vision for personal, private, open-source AI
(0:00) - A civilizational view of AI
(4:56) - Introducing Vora Aegis
(5:49) - MeDB: a private database for personal data
(7:22) - Unveiling Vora Aegis
More on Vora Aegis: vora.io
The Bitcoin Breakdown⚡️🪁🤘 retweeted
Former Bitcoin podcaster Preston Pysh announces he will fully unveil the RollerCoaster Tycoon amusement park he’s been building since retiring from Studying Billionares on September 30.
Follow: @bitcoin_bugle
The Bitcoin Breakdown⚡️🪁🤘 retweeted
1/ You've probably heard of SHRIMPS. But have you heard of PRAWNS? 🦐
After a months-long research effort, @danboneh, @benediktbuenz, Justin, Yavor, and @nazirkamilla are excited to announce a novel thresholdization scheme for one-time hash-based signatures!




























