
@sovright_ @zcash @iqlusioninc @sommfinance @cosmos @agoric @near_ai @CelestineSloths @olmhealth Building...
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Joined August 2007
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zmanian retweeted
Turns out gold has an infinite mint bug.
Meanwhile, nobody will ever make a 21,000,001st ZEC.
Zcash is the 21st century's store of value.
Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10.
Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years.
Now, we’re building a fusion reactor in San Francisco to achieve record power density.
Rescue your ZEC Argos.sovright.com
NEWS: $ZEC still sitting in Zcash's original Sprout pool has about two weeks to move before the NU7 upgrade freezes it.
NU7 is set for mainnet block 3,543,405, expected around Nov. 5th, per Zakura, the full node project led by Zcash cofounder Sean Bowe.
The upgrade retires the v4 transaction format Sprout depends on, and the spec warns Sprout spending "may never be reenabled."
NU7 also brings 25 second blocks.
zmanian retweeted
Big day for all things @3worlds3moons. ARRIVALS 1, written by me and Jonathan Hickman with a murderer's row of artistic talent- Mike Huddleston, James Stokoe, and Christian Ward- is in shops now. And Episode 4 of the watchable SHIFT, from Jon and @DeadlyMike, is live here: youtu.be/-QtuE8epEGk?si=sN6o… via @YouTube. Things are heating up, jump aboard!
zmanian retweeted
we gave an ai agent a defi task with no harness. it ended up asking for a private key in a .env file.
same task through aomi: it reads chain and wallet state, simulates every step, and sends it as one transaction. the key never reaches the model.
cecilia walked through it on @austingriffith's stream.
full stream: xitter.cf/i/broadcasts/1kKzDPLEk…
zmanian retweeted
We spend a lot of time thinking about how institutions can actually demonstrate that they are prepared for the post-quantum transition.
If you can demonstrate stronger security and lower risk, that should be reflected in how that risk is priced.
Very excited to be working with @RelmInsurance to figure out what that looks like in practice.
Project Eleven and Relm Insurance Partner to Explore Quantum Risk in Digital Asset Insurance
The first partnership to explore post-quantum security as a factor in pricing digital asset insurance.
Project Eleven, the post-quantum security company for digital assets, today announced Relm Insurance as a development partner for Strongpoint, its flagship institutional custody product. The collaboration will explore how an institution’s post-quantum security controls could be evaluated within digital asset insurance underwriting, helping both companies better understand how quantum readiness may influence future assessments of digital asset risk.
As quantum computing advances, a sufficiently powerful machine could derive private keys from exposed public keys and compromise digital assets. Institutions need custody infrastructure capable of adapting its cryptography before such a machine becomes available. Strongpoint is built for that transition. The platform combines classical and post-quantum signing and separates institutional controls from the cryptography layer, enabling institutions to replace signing algorithms while preserving approval rules and audit history.
“Every institution holding digital assets will eventually need to prepare for post-quantum cryptography. The open question is whether that transition happens on the institution’s schedule or under pressure,” said Alex Pruden (@apruden08), CEO and Co-Founder of Project Eleven. “Insurance plays a critical role in how markets assess and manage risk. We believe there is an opportunity for institutions that invest in stronger post-quantum defenses to eventually see that reflected in how their risk is evaluated. Working with Relm is an important first step toward understanding what that could look like in practice.”
Exploring Post-Quantum Risk in Insurance Underwriting
Through the development partnership, @RelmInsurance and Project Eleven will explore how post-quantum security could be assessed within existing digital asset insurance frameworks. Areas of investigation include key exposure, signing systems, transaction approvals, migration readiness, and third-party dependencies.
Relm will also provide input into the design and development of Strongpoint, helping Project Eleven understand how institutional custody infrastructure can better support insurance underwriting and risk assessment. This collaboration will help inform Strongpoint’s approach to security controls, auditability, and the evidence institutions may need to demonstrate their post-quantum readiness to insurers.
Joseph Ziolkowski, founder and CEO of Relm Insurance, said, “Insuring exposures across the digital asset ecosystem requires underwriters to anticipate how risks will evolve. Quantum computing is a clear example of an emerging threat that should shape the way we assess risk today. Our work with Project Eleven will explore how institutions identify their exposure, demonstrate effective controls, and prepare for the transition to post-quantum readiness. Bringing underwriting expertise into that process early can help lay the groundwork for insurance solutions that support confidence, resilience, and continued growth in digital assets.”
The collaboration is exploratory, with a focus on developing a shared understanding of post-quantum risk and the controls that could help mitigate it. Any future implications for underwriting or insurance premiums would be subject to further evaluation and Relm’s independent underwriting processes.
Institutions can learn more about Strongpoint at projecteleven.com/strongpoin….
zmanian retweeted
Got asked about concrete use cases of the primitive I shared earlier, so figured I’d answer here too.
In our case, this is an extensionless wallet and private OAuth identity proving. Beyond that, think X’s embedded Player Cards.
Recently finished a primitive that wouldn't be practical to implement without the help of LLMs. It achieves cross-site communication inside the same browser built for local-first apps and doesn't require users to install anything.
I went on thinking this is trivial, and that browsers should already have a clean answer for this. They don’t...
Generally it’s bullish to be work on things that aren’t CT narrative.
zmanian retweeted
In the last 24 hours:
1. iPhone 11 through 16 are apparently vulnerable to remote attacks.
2. SSL certificates are broken until browsers remove eMudhra CA.
3. PHP >9 vulnerability CVE published (tomorrow).
The world is about to witness things that have never been seen before.
Readers added context they thought people might want to know
The post's iPhone claim is inaccurate; a leaked Cellebrite forensic tool targets a Bluetooth bug patched in iOS 26.5 and does not affect updated devices. The eMudhra CA and PHP issues are real incidents but framed sensationally.
justin.sh/blog/2026/10/c…
blog.mozilla.org/security/2026/…
php.net
zmanian retweeted
The Network Sustainability Mechanism (NSM) is another example of Zcash improving on Bitcoin’s design. Bitcoin has largely ossified, while Zcash is taking steps to strengthen long-term network security without compromising the 21 million coin cap.
Big milestone for Shielded Labs: the activation height for NU7 is being set today! The upgrade includes our first major mainnet deployment: the Network Sustainability Mechanism (NSM).
Like Bitcoin, Zcash faces a long-term challenge: how to sustain network security as block rewards decline. The NSM helps address that while preserving the 21 million coin cap.
ZIP-235 removes 60% of transaction fees from circulation, allowing that ZEC to be reissued as future block rewards. ZIP-237 starts that recycling around February 2031.
At current fee levels, that’s only about 210 ZEC per year. This is a modest first step, but we’re optimistic about how new use cases for the NSM could evolve over time and contribute to Zcash’s long-term security.
zmanian retweeted
A few reflections on the lattice vs. hash-only debate that our recent Aerie post sparked:
1. Cryptographic ossification for blockchains was never safe. Until the day we know with certainty that P ≠ NP, that finding short vectors in lattices is intractable, that Keccak effectively behaves like a random oracle in deployed SNARKs, and that every single bug has been eliminated from our codebases, blockchains cannot ossify. That is simply not how safe systems are built. Issues will arise, and the system will have to respond.
It’s a double standard to reject lattices because blockchains are hard to upgrade if lattices break, while counting on upgrades if AI breaks your hash function or finds a critical zkVM bug.
The best counterargument is that hash-only designs are more agile: if your hash function breaks, just swap out the hash. But we must aspire to a higher level of agility than this. Indeed, as I cover next, if SNARK recursion itself turns out to degrade security, the proposed hash-only blockchain designs would need to be rethought from the ground up.
2. The real security debate is not lattices vs. hashes — it is lattices vs. building everything on SNARK recursion. That’s because “hash-only” is not really hash-only: it rests on hashes plus the soundness of deep SNARK recursion. Ethereum’s roadmap relies on exactly that: hash-based aggregation needs recursion to keep up with a slot’s worth of signatures, and EIP-8288 would send other signature schemes and users’ own proofs through the same recursive pipeline. In contrast, Aerie proves a slot’s worth of signatures on one laptop without any recursion.
All deployed post-quantum SNARKs rely on the Random Oracle Methodology (via Fiat–Shamir) to establish their security. This is an idealization we know fails in the real world: we have explicit counterexamples where “SNARKs” coming out of this methodology are totally insecure when instantiated with any concrete hash function.
We generally ignore these counterexamples in part because they only arise when proving contrived, self-referential statements about the very hash function used by the SNARK verifier.
But proving statements about the verifier’s own hash function is the exact thing you do in SNARK recursion. That’s why the security of recursive SNARKs can’t be established even in the random oracle model.
On top of that, the standard security proofs for recursion (in other models) suffer an “extractor runtime” blowup that is exponential in the recursion depth, suggesting that security may degrade as more recursion is applied. Yet Ethereum’s own EIP-8288 enables unlimited-depth recursion, even as it lists soundness of recursive SNARKs as a trust assumption. Proofs in more idealized models avoid the blowup, but they mainly tell us that an attack on SNARK recursion would have to exploit the concrete hash function, which is exactly what the Fiat–Shamir attacks above do.
To be clear, we don’t know of any outright attacks on SNARK recursion, and I very much hope it is secure. But some of us who have studied the question have a lingering sense that an attack may be possible in some settings. And if AI is going to supercharge cryptanalysis, there is no reason to expect it to spare Fiat–Shamir for SNARKs, let alone SNARK recursion, both of which have had far less scrutiny than lattices.
So, I do not concede that a “recursion everywhere” hash-only approach is clearly more conservative than one built on standard lattice assumptions.
3. “Just wrap everything in a hash-based SNARK” (like EIP-8288) faces challenges.
Aggregating signatures and proofs off-chain into a single block-level proof is a powerful design independent of the hash-only vs. lattice debate, and I am not telling people to avoid it. But claiming, as Vitalik Buterin did this week, that users can run whatever cryptography they want locally and wrap it in a client-side leanVM proof glosses over major hurdles.
For example, leanVM today is a minimal VM designed almost entirely to prove hash-based signatures and recursion, not general-purpose computation. And binary-field SNARKs like leanVM remain slow at proving the integer multiplications that lattice cryptography does en masse.
I am optimistic that many of these zkVM challenges can be met (including via my own work, binary-field Twist and Shout, which are now implemented in Magnetar). But regardless, if lattices can make aggregation simpler and faster, then they should be leveraged. We need to be agile no matter what.
4. For chains whose reason for existence is privacy, I truly struggle to understand the pushback. Public-key encryption (and fast single-server PIR) cannot be built from hashes alone, at least not in any black-box way. If lattices break, it is going to be very, very hard for these chains to provide acceptable levels of privacy and functionality. For a project whose entire reason for existence is privacy, a loss of confidentiality is an existential failure. Next to that, a second signature upgrade (after the first one, from elliptic curves alone to, hopefully, a hybrid lattice scheme) is easy.
Summary: We don’t know for sure what is secure and what isn’t. We are all weighing unquantifiable risks against each other, and we do not need to agree on a total order on them. But hash-only solutions face many open engineering challenges, and they are not more “conservative” in the way some have argued. Some of those challenges are entirely prosaic and have nothing to do with bugs or cryptography, like hardware support for custom schemes whose hash function is still undecided. I hope we can overcome those challenges within the appropriate timelines, but they must be acknowledged and portrayed realistically.
Overall, cryptographic agility and defense in depth (e.g., hybrid signatures) are the answer, which is why we are building both lattice-Jolt and hash-Jolt. In practice, the positions are less polarized than social media discourse suggests: for example, StarkWare is working to make Falcon verification cheap (falcon.provably.fast/), which is great to see.
Here is the (apparently) controversial take I am sticking to: Conditioned on agility, whenever lattices make systems simpler or more functional, we should embrace them rather than default to “hash-only” designs. Lattices are what the rest of the world will depend on, with decades of study and hardening behind them, and at the system level, less functional often means less secure. Where hash-only designs are just as simple and functional, by all means use them.
zmanian retweeted
The watchable SHIFT Episode 4 by Jonathan Hickman and @DeadlyMike just premiered! Watch it here: youtu.be/-QtuE8epEGk?si=sPRU… via @YouTube
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The best new private stablecoin wallet right now is @alcove_wallet. Nothing else is close.
- insanely fast (seconds, even for a cross-chain transfer)
- comically cheap (I'm seeing $0.38 on a $10k deposit)
- easy mobile UI, anybody can use
I think it's the next gen leader.
Huge thanks to the Celestia Labs engineers who designed and built Fibre, and to @alexhevans, @nico_mnbl and @angeris, whose ZODA paper made it possible.
If you need throughput at Fibre scale, get in touch.
celestia.org/contact/
zmanian retweeted
SHIFT Episode 4 premieres at 1:30 Pacific, 4:30 Eastern today. In the meantime, watch Episode 3 right here on @x! (More episodes in the link below)
zmanian retweeted
Stealth is over.
We're now LIVE. Accelerating Ethereum mainnet - with $3.4B ETH Total Value Boosted 🚀
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The Optimum team is pleased to announce our first mainnet deployment, mump2p on Ethereum. With mump2p, data moves across all of Ethereum 2-3x faster, boosting validator performance and network health.
$3.4B of Ethereum stake is already being boosted by mump2p, and we’re now opening up free access for all Ethereum node operators.
Oh wow
The Zcash Foundation Board of Directors has appointed David Campbell as Executive Director.
Thank you, Alex Bornstein, for leading with a constant focus on bringing the Zcash ecosystem together. Welcome, David, a longtime member of this community.
zfnd.org/zcash-foundation-na…
Pour one out for Gusto
1/
Hiring your first employee is one of the biggest moments for a founder. But payroll, taxes, benefits, and compliance are far more complicated than they need to be.
Now with AI we can make the pain of payroll go away.
@Mercury Payroll* launches today!




























