FREEZE NORTHKOREA

“And if you ever read Fin Brunton's book, I think it's called Digital Cash. He explicitly makes that connection, like, well, part of the reason they cyberbunks wanted this kind of electronic money was because they planned on coming back to life in the distant future, and they wanted an asset that they could return to.”

“You might have seen there was audio of a tanker captain released of the camp captain effectively begging the IRGC boats to not fire on his ship. And he kinda said, well, they'd paid the toll. Why are you shooting at me? It's looking like the ship may have fallen victim to a crypto scam. Someone fraudulently represented themselves as the RGC toll authorities. They pay the toll. They expect they'll go through unmolested. They get fired upon by the Iranians that never received a payment and that this whole mess takes place.”

“Bitcoiners are very skeptical of lattice based, cryptography, which is a newer, but not really that new, cryptography. So there's an extra level of paranoia in Bitcoin land, so they want to use hash based signatures, if anything. Ultra safe, extremely bulky. So it may be the case that Bitcoin signatures go from 60 bytes to 10 or 50 kilobytes, and we just have to eat that, which is a big problem.”

“What we need is more diligence from the DeFi protocols themselves over what assets they list and support. Because if you're listing 30 different assets and each of them has a 5% chance of being hacked in a given year, altogether, now you have a very high probability of something going wrong. And so you're exposed to the security practices of not just you, but every other organization in your pool. So it's a really bad security model.”

“I think we can spoil it. I I think it's everyone's talking about it online. So they said that their best guess is that it's Hal Finney and Len Sasseman together. Hal Finney doing the back end work and Sasseman doing the white paper. Which is actually a really good guess. Because a lot of us thought it was Len already, But Len publicly derided Bitcoin, a bit strange, wasn't known to be technical enough. But Hal had that experience, have very deep technical and, you know, cryptographic expertise. But it couldn't have been Hal because Hal was running a road race when Satoshi was sending emails.”

“There was one of the more amusing ones I've ever seen was this Paris temperature market. So there wasn't a ton of volume on this because why would anyone bet on the temperature in Paris on a given day? It was an Oracle attack, so they were using a single sensor near the Charles De Gaulle Airport. The guy bought the 22 degree, that's in Celsius, 22 degree option which was trading at basically zero, took a hairdryer, heated it up, the sensor triggers, the market closes, he wins and then gets arrested.”

“Coinbase does not take that posture. So Coinbase says, yeah, there's no imminent threat, but you actually do have to upgrade now. Interestingly, the debate on timelines, timelines to a a cryptographically relevant quantum computer is largely irrelevant since migrations should be planned for and prepared now. The board's view is straightforward. The time to start preparing is now, not when it's urgent.”

“So it's been funny to see, the portfolio of things that Sam invested in fraudulently, has now continued to grow. So Anthropic is worth a trillion dollars. I think he didn't de seed investment in Cursor. They put $200,000 into a $400,000 pre seed round there, and that Cursor announced this week that what they have given, Elon Musk the option to buy that company at $60,000,000,000 post SpaceX IPO. So it is a tragedy in a sense, though, that Sam really was a generational investor.”