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Pull up an llm
Input a chain
You can input a chain and a dapp as well.
Ask this.
How many independent control boundaries must a user’s economic intent cross before that user/peer can construct the resulting economic state?
Then input Ergo using Lithos Protocol.
It will answer why it was worth years to build.
Armeanio retweeted
Luxor lets you hedge Bitcoin hashrate through their platform and a regulated exchange.
Lithos lets you do it peer to peer, on chain, with no intermediary.
Two miners post a margin, pick a difficulty strike and window, and a smart contract settles the outcome automatically.
Armeanio retweeted
LithosDex is working on expanding the pairs a miner can trade, sequence and settle locally.
End to end. P2P power. @LithosProtocol
Armeanio retweeted
No KYC, no clearinghouse or speciality sequencer between you and the market.
No trusted operator running a mining pool, handling shares, between you and your mining rewards.
That’s what a decentralized mining stack looks like.
P2PFi is architecture not marketing.
I am not yet convinced that proof of useful work isn't like strapping a windmill to an electric car.
Kind of makes sense high level. Sexy incentives and stories can move capital for a while. Is what it is.
That does not remove the specialization and verification constraints that make any hybrid model inferior once opportunity cost is positive in one direction.
At that point one opportunity cost constrains the other. So might not make sense. Lets see.
Armeanio retweeted
18 years since Satoshi dropped the whitepaper.
The pitch was simple: a purely P2P e-cash system with no trusted third parties.
18years later:
- exchanges lose billions through DevOps pipelines
- “decentralized” issuers freeze token balances in a single afternoon
- DAOs use admin backdoors to claw back tokens from addresses
We built a multi-trillion-dollar casino just to reinvent fractional-reserve banking and central-bank freezes with worse latency.
Has Bitcoin failed its mission? I don’t know yet.
But I do see the original ethos growing in Monero.
Everything else is just noisy SQL databases.
Armeanio retweeted
‼️ Chainalysis, the firm that tracks crypto hackers, was hacked itself.
It told customers in an email seen by ICD that an attacker using "offensive agentic techniques" accessed users' names, emails and role labels.
It says this has nothing to do with the $6.3B Binance heist.
AI and sophisticated attackers using it can probe, exploit, and extract at machine speed.
Racing them with faster detection or automated response is usually going to be a losing game.
The better approach is constraints, design systems that deliberately limit what a fast attacker can do.
Don’t try to outpace AI. Constrain it.
Rosen Bridge is built on this idea, it explicitly does not sacrifice security for speed.
High speed automated signing paths are dangerous because once an attacker gains a foothold, AI assisted tooling can script and complete large scale extraction quickly, leaving almost no time for detection or intervention.
Armeanio retweeted
Wrong.
Section 10305(b)(1) expressly protected stablecoin issuers from private lawsuits for voluntary, temporary holds based on a reasonable belief of a violation of law. No court order required.
Here's the relevant language.
New details on how the $6.3 billion Binance hack likely occurred:
According to initial reports, hackers compromised a Binance engineer's laptop, gaining access to internal systems used to authorize withdrawals.
The attackers then:
1. Hijacked a Binance hot wallet using Ethereum's EIP-7702 mechanism
2. Redirected wallet transactions to a malicious smart contract
3. Transferred billions in crypto attacker-controlled wallets
4. Spread the stolen funds across multiple wallets and converted some assets into ETH to avoid freezes
The attack unfolded across multiple blockchains, with most funds drained in ~20 minutes.
~$3 billion of these funds have now been frozen, and Binance says it will cover all unrecovered hacking losses.
The full investigation remains ongoing.
Armeanio retweeted
Official certified list of Web3 projects with hardcoded admin backdoors.
$2.8 billion frozen in a single afternoon. Every token on this table admits smart contracts are just permissioned SQL databases with worse UX.
Lazarus didn't care. They spent $0.92 gas to batch-sweep everything, let centralized issuers pause the paper assets, and left with unfreezable native ETH.
CT celebrates $2.8B frozen as a security win. This list only proves which tokens have a built-in "call the issuer" panic button.
Meanwhile, 195,000+ native ETH is vanishing into Tornado and cross-chain routes.
Censorship resistance exists only if there's no phone number to call.
Stay Native, on any chain.
Armeanio retweeted
This is very true and relevant right now. Much of the industry has gradually repackaged the principles of cryptocurrency into centralized systems designed around control, intermediation and value extraction.
The irony is that as AI advances, the weaknesses of this architecture may become increasingly difficult to ignore. Trust becomes more expensive when the ability to exploit it scales faster than our ability to defend it.
The original cypherpunk principles of decentralization, censorship resistance and minimizing trust may become more relevant than ever. These principles emerged from an understanding that concentrated authority creates concentrated risk.
The industry may eventually discover that the very properties it has spent years compromising in many forms are the ones it really needs the most.
It's so fucking crazy that crypto started with decentralization, uncensorability and digital cash but somehow we ended up with most money on exchanges, the most hyped blockchains being freaking robinhood chain & other centralized chains and the main use-case of crypfo being gambling & mirroring the dollar on-chain - but not like digital cash, no we also added freezability. So it's actually worse than cash.
And when you talk to people working in the space and tell them you're there for decentralization, somehow you're the weird one.
The majority of this industry has seriously gone down then wrong path.
Armeanio retweeted
Reddit's earnings call has exposed the new reality for thousands of companies.
"AI mode does not drive traffic. Not for us and not to anybody as far as I know. It used to be a traffic driver. Now it's not." - Reddit CEO.
The reality is that AI is fundamentally changing the way that humans access the internet.
Just 24 hours prior to this statement, Google's stock erased -$480 billion on the same issue: AI is disrupting the traditional search model.
For decades, the internet operated on a simple model. Search engines directed users to websites, and those websites monetized the traffic.
AI is destroying this business model, and it's happening at an accelerating pace.
The traditional model of internet traffic is rapidly becoming outdated.
The internet has entered a new era.
NiceHash makes up 15 - 30% of Ergo hashrate, most of it going to centralized pools and barely making revenue.
Lithos users can outbid every single normal miner on NiceHash due to the profitability increases they get.
The older renters get pushed out, since they don't use Lithos and can't afford the new price per hash, and it will change the rigs from pointing at centralized pools to a decentralized one.
In the current state, it is pretty close to free money vs pointing towards a pool.
NiceHash's market hasn't priced in Lithos at all.
Join to learn more.
t.me/LITHOS_Protocol
Armeanio retweeted
Proof of useless work is essentials in hard money creation. Human societies made it with shells, gold etc. AI agents will create their hard assets with GPU hashing, ie by mining ergo:native
Armeanio retweeted
And considering recent polymarket, near intents etc frontend hacks, I think better to have simple functional frontend with carefully chosen dependencies
No trusted middlemen, no kyc, just free crosschain markets reddit.com/r/ergonauts/comme…
