DELETE SATOSHI

“I think the real argument is that it's going to affect their profitability. That's the real argument. That is not a very that's not that that argument is not gonna be very politically successful. Nobody really cares that much about the margins of the banks. They do care about the collapse of credit, or they care about the crushing of community banks. Those are very sympathetic arguments to make in public. It's not very sympathetic to say, well, we don't want margin compression. We like our margins.”

“Mythos can identify and exploit zero day vulnerabilities in every major operating system and browser. Many of these bugs are subtle, decades old, the oldest being a twenty seven year old OpenBSD bug. Engineers with no security training inside of Entropic have asked Mythos to find, bugs overnight and have woken up to working exploits. In the words of Haseeb here, actually apocalyptic in the wrong hands.”

“People index way too much on day one, month one of chains. There's no chain ever that has been successful on day one or month one. It's true of Solana. It's true of Avalanche. And if you look at the ones that have had breakout month ones, like you think about like Blast or something, doesn't really seem to predict much of anything. The reality is that it takes time to build a chain. These things are, you know, ecosystems, they require breaking the cold start effect and or the cold start problem.”

“Iran announced that they were willing to take payment in two forms of currencies, one being Bitcoin, the second being the yuan, right, the Chinese currency. The fact that Iran is willing to accept not just Bitcoin, but these two currencies tells you something about the role of Bitcoin internationally, which is that it is the kind of sanction resistant alternative payment system, but it's not the only one. I was thinking more what it meant for China. Because I think China is thinking very deeply about how geopolitics is changing very rapidly, especially as Trump is threatening to withdraw from NATO.”

“The silometric analysis that they originally ran was inconclusive. It said that there were many people who were, consistent with the sort of silometric distance from Satoshi. Adam Back was not even the closest. And Hal Finney was equivalently close to Satoshi's stylometric analysis as Atterback. But then at the very end, the the author runs it again, but he kind of, like, picks the particular parameters that he uses to create this decision tree. Basically, they, like, p hacked their way into their own answer, which is that, oh, it must be Adam Back.”

“I think the right mental model for quantum is it's kind of crypto's y two k. And I think it's actually a really clean analogy because y two k was a real problem. It was a huge coordination issue across the entire tech industry. It really would be catastrophic if unaddressed. And, it's really obvious how to fix it is that, you know, you just go and upgrade all the all the Unix time slots to be, you know, larger integers so they don't overflow at, the year 2000.”

“I think the multiclient architecture for Ethereum will probably go away in a post AI world. The reason why you have multiple clients is you assume that errors are uncorrelated, that it's just really hard to have the same kind of exploit on one thing versus on another thing. This assumption gets a lot weaker if basically there's exploits everywhere and, like, everything is Swiss cheese. If everything is Swiss cheese, then probably you can find with enough time, with enough compute, with enough tokens, some way to halt the network by doing something on this thing and doing something on this other thing.”

“It looks like they're charging tolls in the millions of dollars for ships to go through the Strait Of Hormuz, which is still a significant impairment to oil prices if that continues. But things have stabilized, and it seems like it's in everyone's interest for things to stabilize. But the markets are not fully buying it, and you see it in the oil prices as well. Oil prices have rebounded quite a bit from seeing that Iran is not really playing ball, and they seem to be insistent on controlling the Strait Of Hormuz as a way of, quote, unquote, you know, getting recompense for the war.”

“I heard from Justin Drake that they are now getting one meaningful vulnerability in Geth per day from just random people, not using Mythos, using just cloud code. Just vibe coding normal analysis of security of these things. And these are from amateurs. These are not from security engineers or from bug bounties. These are just normal people running a cloud code and saying, hey. Can I find find me a vulnerability in Geth?”

“I sort of think this is gonna be a little bit like a government shutdown thing, where everyone's gonna be like, oh, no. Oh, heavens me. No. We can't do that. Oh, no. No. No. But then, like, right at the eleventh hour, people are gonna be like, oh, well, okay, fine. We'll we'll block all those coins, and then we'll all move on. And we'll never talk about this ever again.”

“Bitcoin is kind of this secular religion and very intentionally so. And this this, creation myth that we have that Satoshi Nakamoto appeared. He asked nothing. He kept no coins with him. He disappeared, and he left it to us to govern among men, this thing that could only have been created by the gods. That creation myth, it's so perfect. And if you found out that, like, oh, actually, it was like Joseph Smith and the Book of Mormon, and he was a businessman who made a bunch of money from this, it's kinda like, oh, shit.”