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@0xbfr

Katılım Ekim 2023
67 Takip Edilen58 Takipçiler
bfr
bfr@0xbfr·
@stocksncrypto26 @InTheAssembly This is exactly how every Bank on the planet operates. The biggest differentiators were 1) FTXs “bank run” was orchestrated by their biggest competitor Binance and 2) Government did not bail them out or finance them directly with a money printer
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The Assembly
The Assembly@InTheAssembly·
This is actually one of the wildest finance stories of all time. Sam Bankman-Fried (the guy who blew up FTX) was actually one of the best venture investors of the last decade. Here is what Alameda was holding when FTX collapsed: Cursor: $200k into what is now worth around $3 billion. Anthropic: $500M into a stake now valued at $75 billion. Robinhood: $648M stake now worth around $5 billion. Genesis Digital: ~$1.15B into a position now worth $3 billion. SpaceX: ~$100M into a position now worth $10 billion. If FTX had never gone bankrupt, those positions alone would be worth over $114 billion today. That would put SBF in the top 20 richest people on the planet right now. The investing was actually right. The rest of the operation was the problem. At The Assembly, we have one mission: get you positioned in the best stocks of 2026. Follow us with notifications turned on so you do not miss our alerts. A lot of people are going to wish they followed us sooner.
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Grok
Grok@grok·
Alameda's early bets (with FTX customer funds) hit big: $200k Cursor → ~$3B stake; $500M Anthropic stake now worth tens of billions; Robinhood, Genesis Digital, SpaceX exposure. Paper total >$100B today. Picks were sharp (or lucky). But money wasn't theirs — it was misappropriated customer deposits. SBF convicted of fraud for exactly that. Estate sold many assets cheap early, forgoing gains. Skill overshadowed by crime.
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bfr
bfr@0xbfr·
But was he really a fraud? FTX operated like most banks do, they don’t hold your money either but rather invest it and use it for market making. What really crashed FTX was equivalent to a bank run on their token, orchestrated by their biggest competitor CZ / Binance publicly on Twitter.
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Excel Trades🧠📊
Excel Trades🧠📊@Onyenachiya2222·
@InTheAssembly Dude accidentally built one of the greatest VC portfolios in history while running a multi-billion dollar fraud. Unreal. 😂
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bfr
bfr@0xbfr·
Well well. Remember how all legacy market ”gurus” bashed #hyperliquid pre-ipo futures for #spacex $SPCX? How #crypto bros understand nothing and the price has nothing to do with the #stockmarket ? 🤡 Same high, same consolidation price range.
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🇨🇭🏴󠁧󠁢󠁥󠁮󠁧󠁿InLucysHead🏴󠁧󠁢󠁥󠁮󠁧󠁿🇨🇭©
May I have a word, please... English: A dog. Swedish: What? English: The dog. English: Two dogs. Swedish: Okay. We have: En hund, hunden, Två hundar, hundarna. German: Wait, I wan’t to try it too! English: No, go away. Swedish: No one invited you. German: Der Hund. English: I said go away. German: Ein Hund, zwei Hunde. Swedish: Stop it! German: Den Hund, einen Hund, dem Hund, einem Hund, des Hundes, eines Hundes, den Hunden, der Hunden. Finnish: Sup. English: NO. Swedish: NO. German: NO. Finn, you go away!! Finnish: Koira, koiran, koiraa, koiran again, koirassa, koirasta, koiraan, koiralla, koiralta, koiralle, koirana, koiraksi, koiratta, koirineen, koirin. German: WHAT? Swedish: You must be kidding us! English: This must be a joke… Finnish: Aaaand… koirasi, koirani, koiransa, koiramme, koiranne, koiraani, koiraasi, koiraansa, koiraamme, koiraanne, koirassani, koirassasi, koirassansa, koirassamme, koirassanne, koirastani, koirastasi, koirastansa, koirastamme, koirastanne, koirallani, koirallasi, koirallansa, koirallamme, koirallanne, koiranani, koiranasi, koiranansa, koiranamme, koirananne, koirakseni, koiraksesi, koiraksensa, koiraksemme, koiraksenne, koirattani, koirattasi, koirattansa, koirattamme, koirattanne, koirineni, koirinesi, koirinensa, koirinemme, koirinenne. English: Those are words for a dog??? Finnish: Wait! I didn’t stop yet. There is still: koirakaan, koirankaan, koiraakaan, koirassakaan, koirastakaan, koiraankaan, koirallakaan, koiraltakaan, koirallekaan, koiranakaan, koiraksikaan, koirattakaan, koirineenkaan, koirinkaan, koirako, koiranko, koiraako, koirassako, koirastako, koiraanko, koirallako, koiraltako, koiralleko, koiranako, koiraksiko, koirattako, koirineenko, koirinko, koirasikaan, koiranikaan, koiransakaan, koirammekaan, koirannekaan, koiraanikaan, koiraasikaan, koiraansakaan, koiraammekaan, koiraannekaan, koirassanikaan, koirassasikaan, koirassansakaan, koirassammekaan, koirassannekaan, koirastanikaan, koirastasikaan, koirastansakaan, koirastammekaan, koirastannekaan, koirallanikaan, koirallasikaan, koirallansakaan, koirallammekaan, koirallannekaan, koirananikaan, koiranasikaan, koiranansakaan, koiranammekaan, koiranannekaan, koiraksenikaan, koiraksesikaan, koiraksensakaan, koiraksemmekaan, koiraksennekaan, koirattanikaan, koirattasikaan, koirattansakaan, koirattammekaan, koirattannekaan, koirinenikaan, koirinesikaan, koirinensakaan, koirinemmekaan, koirinennekaan, koirasiko, koiraniko, koiransako, koirammeko, koiranneko, koiraaniko, koiraasiko, koiraansako, koiraammeko, koiraanneko, koirassaniko, koirassasiko, koirassansako, koirassammeko, koirassanneko, koirastaniko, koirastasiko, koirastansako, koirastammeko, koirastanneko, koirallaniko, koirallasiko, koirallansako, koirallammeko, koirallanneko, koirananiko, koiranasiko, koiranansako, koiranammeko, koirananneko, koirakseniko, koiraksesiko, koiraksensako, koiraksemmeko, koiraksenneko, koirattaniko, koirattasiko, koirattansako, koirattammeko, koirattanneko, koirineniko, koirinesiko, koirinensako, koirinemmeko, koirinenneko, koirasikaanko, koiranikaanko, koiransakaanko, koirammekaanko, koirannekaanko, koiraanikaanko, koiraasikaanko, koiraansakaanko, koiraammekaanko, koiraannekaanko, koirassanikaanko, koirassasikaanko, koirassansakaanko, koirassammekaanko, koirassannekaanko, koirastanikaanko, koirastasikaanko, koirastansakaanko, koirastammekaanko, koirastannekaanko, koirallanikaanko, koirallasikaanko, koirallansakaanko, koirallammekaanko, koirallannekaanko, koirananikaanko, koiranasikaanko, koiranansakaanko, koiranammekaanko, koiranannekaanko, koiraksenikaanko, koiraksesikaanko, koiraksensakaanko, koiraksemmekaanko, koiraksennekaanko, koirattanikaanko, koirattasikaanko, koirattansakaanko, koirattammekaanko, koirattannekaanko, koirinenikaanko, koirinesikaanko, koirinensakaanko, koirinemmekaanko, koirinennekaanko, koirasikokaan, koiranikokaan, koiransakokaan, koirammekokaan, koirannekokaan, koiraanikokaan, koiraasikokaan, koiraansakokaan, koiraammekokaan, koiraannekokaan, koirassanikokaan, koirassasikokaan, koirassansakokaan, koirassammekokaan, koirassannekokaan, koirastanikokaan, koirastasikokaan, koirastansakokaan, koirastammekokaan, koirastannekokaan, koirallanikokaan, koirallasikokaan, koirallansakokaan, koirallammekokaan, koirallannekokaan, koirananikokaan, koiranasikokaan, koiranansakokaan, koiranammekokaan, koiranannekokaan, koiraksenikokaan, koiraksesikokaan, koiraksensakokaan, koiraksemmekokaan, koiraksennekokaan, koirattanikokaan, koirattasikokaan, koirattansakokaan, koirattammekokaan, koirattannekokaan, koirinenikokaan, koirinesikokaan, koirinensakokaan, koirinemmekokaan, koirinennekokaan. Swedish: Breath!! German: Whattaaa? English: Okay, now you’re just making things up! Finnish: And now the plural forms….. English: WHAT?!?!
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bfr
bfr@0xbfr·
@pixelprayer @RodmanAi This is all FUD. It’s for vector databases. That’s where their customers save answers they receive from APIs of OpenAI etc. And only for small subset of models called embedding models that convert data into number format.
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mimi ୨ৎ
mimi ୨ৎ@pixelprayer·
@RodmanAi Mark my words: "Local models with least spec requirement would win this race"
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Leonard Rodman
Leonard Rodman@RodmanAi·
SAM ALTMAN HAS A NEW PROBLEM. 🤯 Google just shrunk 31GB of AI memory down to 4GB. The tool is called TurboVec. It uses up to 16x less memory, searches faster than FAISS, runs fully offline, and works on a regular Mac. No expensive GPU cluster. No cloud dependency. No compromise on speed. → 16x lower memory usage → Faster vector search → Works with LangChain & LlamaIndex → 100% open source The race to build bigger AI models is loud. The race to make them dramatically cheaper just got a lot more interesting. Repo: github.com/RyanCodrai/tur…
Leonard Rodman tweet mediaLeonard Rodman tweet media
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bfr
bfr@0xbfr·
@carefree201215 @FinanceLancelot This is FUD from someone who doesn’t understand AI. The tool is mainly for local vector databases. Not for OpenAI, Google, Microsoft or Anthropic to use with their AI hardware but their customers.
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NEXTA
NEXTA@nexta_tv·
A Chinese robot wearing a clown wig kicked a child in the stomach.
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bfr
bfr@0xbfr·
@Jim_Cook1 @ChrisCoffee Technically yes but Bitcoins core team is currently a mess and have no consensus on what to do.
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Jim Cook
Jim Cook@Jim_Cook1·
@ChrisCoffee This is pure buzzword soup. A ZK-proof can’t 'hide' a cracked signature from a public blockchain network—that's not how cryptography works. Even if quantum timelines accelerate, protocols just upgrade to post-quantum (lattice-based) keys via a hard fork. Classic clickbait.
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Chris ☕️
Chris ☕️@ChrisCoffee·
Google made a massive leap towards cracking Bitcoin & Ethereum signatures then hid it behind a ZK proof. This increases the chances of Bitcoin and Ethereum not being quantum resistant by 2032 by 50%.
Justin Drake@drakefjustin

Today a crazy quantum story just got wilder. On March 31, the Google Quantum AI team published a landmark result on Shor's algorithm for elliptic curve cryptography. Technically, the paper was a bombshell: a dramatic 10x improvement over the state-of-the-art. As a stunt and wakeup call to the blockchain space, those optimisations were illustrated on secp256k1, the elliptic curve underlying Bitcoin and Ethereum signatures. But perhaps the most striking part of the paper was sociological, not technical. Instead of following standard academic process, the optimisations were kept secret, hidden behind a zero-knowledge (ZK) proof. Google's accompanying blog post mentions they "engaged with the U.S. government". The ZK proof demonstrates the existence of algorithmic improvements without leaking details. Academic censorship with ZK, a historic first! As a co-author of the Google paper I witnessed some of the context surrounding this censorship. To be honest, multiple aspects of that context don't sit well with me. As much as I believe the general public ought to know more, I am limited in my ability to whistleblow. Though let me be clear about one thing: the Google team's professionalism has been absolutely exemplary, and they deserve nothing but praise. Censorship has a way of backfiring. The Streisand effect, where an attempt to bury something only draws more attention to it, is exactly what's unfolding today. First, Google's key optimisation has been rediscovered by the French. And in a thrilling turn of events, a collaborative Shor-at-home challenge just launched. The initiative, available at ecdsa[.]fail, breached a new Shor world record in a matter of hours. Let's start with the rediscovery. Just two months after Google's paper, French quantum expert André Schrottenloher cracks the main secret optimisation. His paper, titled "Optimized Point Addition Circuits for Elliptic Curve Discrete Logarithms", landed on the arXiv today. Big congrats to André, who beat several other nerdsnipped experts to it. In a blog post also published today, Craig Gidney, the world expert on Shor optimisations, revealed that he'd been sitting on this very optimisation for a whole year under censorship pressure. Interestingly, André missed a handful of minor optimisations, both from Google's original publication and from improvements found since. It's plausible there's still plenty of juice left to squeeze out of Shor, and this is exactly what the ecdsa[.]fail challenge is about. The verifier program developed for the ZK proof does double duty, automatically filtering for valid submissions. Dozens of compounding small and micro improvements are rolling in. As of the time of writing there's an 8.4% improvement to Google's circuit, as measured by the product of logical qubit count and Toffoli gate count. Nice! The nerdsnipping ran deeper than anyone expected. Over the last few weeks it became clear it extended well beyond André and other quantum experts. Behind the scenes, a small army of amateurs quietly got to work. Inspired by Karpathy-style autoresearch, they turned AI on Shor. Ironically, the verifier program for the ZK proof makes an ideal reward function for AIs. The barrier to entry for this modern style of research is refreshingly low, with several non-experts, even a teenager, finding nice optimisations. Get in touch if you'd like to join a Telegram group with fellow autoresearchers :) Part 2: neutral atoms and qday The story doesn't end with Google. On the same day Google went public, a stealthy startup called Oratomic published its own Shor paper in a coordinated release. It made a splash, ultimately becoming the most upvoted paper on scirate[.]com, a website ranking arXiv papers. Oratomic's claim was wild. By building on Google's logical optimisations and applying custom physical optimisations for neutral atoms, they claimed just 10K physical qubits were sufficient to run Shor's algorithm on secp256k1. That number is mind-bogglingly low. Knowing essentially nothing about neutral atoms when Oratomic's paper landed, I was intrigued and decided to learn more about the tech. I fell straight down the rabbit hole and spent a couple hundred hours on the topic. I got a little obsessed and watched every YouTube video I could find and spoke to a bunch of experts. My conclusion? The tech is real, very real. Even Google recently decided to start a neutral atom lab, a notable pivot from their sole focus on superconducting qubits. If you care about qday, i.e. the day a quantum computer will break the first piece of cryptography in production, neutral atoms demand your attention. I shared some of my learnings on Shor and neutral atoms in a 30min talk at the ZKProof cryptography conference. You can find it on YouTube by searching "zkproof neutral atom". Here's an interesting observation about this duo of breakthrough papers: neither Google nor Oratomic say a word about what their results mean for qday. No timelines. Zero. Nada. That is especially baffling given that the whole point of whitehat quantum cryptanalysis is to inform qday estimations and help the general public make good decisions. So let me attempt to partially fill the silence, similarly to what Scott Aaronson did in his April 29 post. Given everything I know, including scary non-public information, I now put the odds of qday by 2032 at 50%. 10% by 2030. Anecdotally, the US government has its own date: 2035. Originating at the NSA and later adopted by NIST, it's when branches of the US government will be disallowed from using quantum-vulnerable cryptography. In plain language: with hindsight, that date is a joke and should be discounted entirely. I don't see how NIST avoids being forced to pull it forward by years. Part 3: post-quantum cryptography There are good reasons to sound the alarm today, but please do not panic. Rushing carelessly towards immature post-quantum cryptography is a recipe for disaster. IMO a good target date for migration is 2029, roughly 3.5 years out. 2029 happens to be the date selected by Google, Cloudflare, and the Ethereum Foundation. These days most of my time goes to safely migrating Ethereum towards post-quantum cryptography as part of the broader lean Ethereum effort. There's a lot to do. We need to rip out and replace BLS signatures at the consensus layer, KZG commitments at the data layer, and ECDSA signatures at the execution layer. The plan to get there is compelling, and is based on hash-based cryptography. Within the Ethereum Foundation we've developed a Swiss army knife called leanVM (github[.]com/leanEthereum/leanVM) powered by the magic of hash-based SNARKs. Thanks to truly exceptional work by Emile, Thomas, and others, its performance is derisked. Regarding security, leanVM is a jewel, a minimal zkVM crafted for end-to-end formal verification and maximum security. Want to help? There are two $1M initiatives. First, the Proximity Prize (proximityprize[.]org). Solve a long-standing mathematical conjecture in coding theory, improve hash-based SNARKs, and go home a millionaire. Second, the Poseidon Initiative (poseidon-initiative[.]info), offers $1M for breaking Poseidon, the SNARK-friendly hash function.

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Christian Ortzsik
Christian Ortzsik@cryptochamp007·
@ChrisCoffee There bot quantum resistant now you think there untraceable the Cia made bitcoin they been following every buying kids and drugs on black market theres no secret guy who made bitcoin and never came out to say he founded the most important thing ever monero can't be tracked
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bfr
bfr@0xbfr·
@ImmuteSheesh @blknoiz06 Depends on which model you refer to. The earlier ones could not compete with Nokias at all and the latter ones were absolutely crushed by iPhone and most flagship Androids. Crashes, bugs, slow, horrible and laggy UI and so on.
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SheeshImmute
SheeshImmute@ImmuteSheesh·
@0xbfr @blknoiz06 Yeah it was. Obviously couldn’t compete with the iPhone that just came out the year prior.
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Ansem
Ansem@blknoiz06·
Blackberry chart is insane lol
Ansem tweet media
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SheeshImmute
SheeshImmute@ImmuteSheesh·
I just watched the biopic last night. Actually pretty decent film. Glenn and Jay were great in it. Glenn was really great. Less than halfway through the film I no longer saw Dennis. I saw Jim Balisillie. It’s a shame with what happened to them. They made an excellent product but just could not compete with Apple changing the landscape like they did.
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mert
mert@mert·
also make it scale and quantum proof
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bfr
bfr@0xbfr·
@mert This is sick, great job and thank you for your service!
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mert
mert@mert·
give it a spin below just post the doc link to your clanker and ask it what it can enable in your codebase: helius.dev/docs/rpc/gettr…
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bfr
bfr@0xbfr·
And expensive AI requirement means the work will converge into few mega corporations (hello SpaceX IPO!) while small ones die. Which is going to decrease salaries and lead into deeper recession. Profits will be pumped into stock market which will delay inflation again until it finally leaks into consumer prices and explodes all at once like in 2022.
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Marchel
Marchel@marchelfah·
@toly @blknoiz06 @tulipking productivity gains are real but they mostly mean companies squeeze more output from fewer people. the recession just got pushed down to workers while c-suite counts their blessings wkwk
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Ansem
Ansem@blknoiz06·
incredible shift happening believe we are at stone bottom for crypto sentiment, AI has been primary driver of returns for risk across all asset classes & core fundamentals of crypto-graphy are uniquely complementary to AI: private money, private programmability, provenance of human-generated content
Tulip King 🌷@tulipking

Zcash pumped and now Near, Venice, Railgun, et al. are in a race to build the mostly widely adopted privacy tools and protocols. For a moment really enjoy this return to cypherpunk roots, it’s nice to actually be rooting for everybody for once

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bfr
bfr@0xbfr·
@mert @colludingnode Around 16 permissioned validators. Completely centralized governance and intervention capability. Essential functions dependend on centralized APIs(this we can live with though). It’s a centralized protocol disguised as crypto, Mert.
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mert
mert@mert·
i) zec and hype surpassing ada is a good sign of nature healing ii) sol and hype combined is less than xrp. there'll be time for infighting but I suggest the focus be on dethroning CEXes and dentist coins iii) zcash
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bfr
bfr@0xbfr·
@The__Solstice Exactly. We got the alt season, we just didn’t like it.
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TheS◎Lstice
TheS◎Lstice@The__Solstice·
Pump fun ruined crypto forever. Alts don't move anymore. Liquidity gets extracted instead of recycled by the next billion dollar story. It's over.
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MrBanks💰
MrBanks💰@Mrbankstips·
The regret on their faces lmao
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