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@CryptoAnorak

Reading and tweeting about Bitcoin and crypto things Donate & support: https://t.co/KlN1ajgZhz

Katılım Ocak 2018
278 Takip Edilen53 Takipçiler
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Anorak
Anorak@CryptoAnorak·
With crypto, it's about time in the market, not timing the market. It is the greatest asymmetrical risk/reward bet of this generation, led by #bitcoin. Don't be left behind. #cryptocurrency
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Anorak
Anorak@CryptoAnorak·
Wow
Peter Girnus 🦅@gothburz

I am a Web3 Ambassador at World Liberty Financial. There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance." 600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President. The distance is my best work. I am the reason these events are unrelated. World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence. Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated. Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated. Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated. Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated. Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard. On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well. The team page lists 3 Witkoffs. All 3 are Co-Founders. Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial. His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded. The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency. Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name. On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio. Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job. 600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access. A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25. My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper. The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family. I am the reason these events are unrelated.

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Fernando Nikolić 🇦🇷 🟠
I worked with Adam Back at Blockstream for four years. Just finished the NYT piece. I don't have anything useful to say about whether he's Satoshi as I genuinely don't know. What I can tell you is that the obsession with finding Satoshi is a journalism problem, not a Bitcoin problem. Legacy media needs a protagonist. Someone to put on the cover, someone to interview, someone to "hold accountable" That's how they process the world. Personally I like Adam. But whether he's Satoshi or not changes nothing about how bitcoin works tomorrow morning. The protocol doesn't care. The network doesn't care. The next block DOES NOT care. Every Satoshi investigation tells you more about the outlet doing the investigating than about bitcoin itself. The NYT needs this story waaay more than bitcoin does. But hey, really cool Matrix-style photo though.
Fernando Nikolić 🇦🇷 🟠 tweet media
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Mork1e
Mork1e@mork1e·
Ok so.. they left their CDN exposed. If you ping the domain, you get this ip: 151.101.129.49 It turns out this is a fastly.com IP . I had never heard of fastly but it looked to be something similar to vercel, so I figured maybe they had custom deployment links like vercel does. Tried a few different combos and BINGO: btc.day.global.prod.fastly.net This took me to this: d325bmwzjz2yc7.cloudfront.net That’s their CDN bucket on AWS. They currently have it setup so that any invalid endpoints redirect back to index.html I went on a hunch and figured that they’d probably already have their production app stored somewhere in the CDN ready for deployment I used SECLISTs (github.com/danielmiessler… )and ffuf to try out over 20k different combinations on this URL. After some sleuthing, BINGO!! I found these two files: > live.html > .DS_STORE The important one here that immediately caught my eye was “live.html”. That sounded like a prod deployment. And sure enough, it was! This is what the btc.day site will look like on the day the faucet goes live: d325bmwzjz2yc7.cloudfront.net/live.html d325bmwzjz2yc7.cloudfront.net/bitkey.html It turns out the entire faucet will be revealed to just be a promotion scheme to get you to buy a bitkey and use cash app. There is no faucet - at least in the sense most were expecting.
Mork1e tweet mediaMork1e tweet media
Bitcoin at Block@BitcoinatBlock

The bitcoin faucet is back. 04.06.26 btc.day

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CoinDesk
CoinDesk@CoinDesk·
NEW: Billionaire investor Stanley Druckenmiller said he expects global payment systems to run largely on stablecoins within 15 years, calling them more efficient, faster and cheaper than current infrastructure.
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Anorak
Anorak@CryptoAnorak·
@TheOneandOmsy As one of the primary investors in crypto, this must be a pretty big concerning trend, no? Does this change how you guys are approaching investments in the space going fwd?
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Omar
Omar@TheOneandOmsy·
The crypto devs are doing a lot less devving > over the last year, weekly commits to open source repos down ~75% and weekly active devs down ~50% > imo driven by: less general interest in crypto (AI pivot), lower token prices + more closed source dev work >#'s still healthy nominally but crypto clearly not the cool kid on the block these days h/t @artemis and electric for the data
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Jeff Park
Jeff Park@dgt10011·
people are not quite realizing yet but this is-by far-the biggest win the crypto industrys ideological believers has ever had i would argue since the birth of bitcoin. this is "Institutional adoption at the Infrastructure layer" that will drive crypto mainstream watch this space
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Alex Krüger
Alex Krüger@krugermacro·
Bitcoin is now up on bad news, having fully reversed the initial crash. First time this happens since March 2023.
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Alex Prompter
Alex Prompter@alex_prompter·
Holy shit… Your anonymous internet identity can now be unmasked for $1 😳 Not by the FBI. By anyone with access to Claude or ChatGPT and a few of your Reddit comments. ETH Zurich and Anthropic just dropped a paper called “Large-Scale Online Deanonymization with LLMs” and the results are the most alarming privacy research I’ve read this year. They built an automated pipeline that takes your anonymous posts, extracts identity signals, searches the web, and figures out who you are. No human investigator needed. Fully autonomous. Works on Hacker News, Reddit, LinkedIn, even redacted interview transcripts. Here’s how bad the numbers are. On Hacker News users: 67% identified correctly. When the system made a guess, it was right 90% of the time. On Reddit academics posting under pseudonyms: 52%. On scientists whose interview transcripts were explicitly redacted for privacy: 9 out of 33 still got unmasked. The pipeline works in four steps they call ESRC. Extract identity signals from your posts using LLMs. Search for candidate matches using embeddings across thousands of profiles. Reason over top candidates with models like GPT-5.2. Calibrate confidence so when it does guess, it’s almost never wrong. The classical deanonymization method from the famous Netflix Prize attack? Nearly 0% recall across every test. LLMs didn’t just improve on old techniques. They made old techniques look like toys. When they scaled to temporally split Reddit profiles, matching a user’s old posts to their newer ones across a full year gap, the pipeline hit 67% recall at 90% precision and 38% recall at 99% precision. Meaning even a year of changed interests and different conversations wasn’t enough to hide. More reasoning compute = better deanonymization. High reasoning effort doubled recall at 99% precision in some tests. As frontier models get smarter, this attack strengthens automatically. Every model upgrade is a privacy downgrade. What makes it nearly impossible to defend against: the pipeline splits into subtasks that all look benign. Summarize a profile. Compute embeddings. Rank candidates. No single API call screams “deanonymization.” The researchers themselves say they’re pessimistic that safety guardrails or rate limits can stop it. Their conclusion is blunt: “Users who post under persistent usernames should assume that adversaries can link their accounts to real identities.” And it extrapolates. Log-linear projections suggest roughly 35% recall at 90% precision even at one million candidates. Every throwaway account. Every anonymous forum post. Every “nobody will connect this to me” comment. It’s all searchable micro-data now. And the cost to run the full agent on one target is less than a cup of coffee. Practical anonymity on the internet just died. The paper killed it with math.
Alex Prompter tweet media
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Jameson Lopp
Jameson Lopp@lopp·
Dear Satoshi Nakamoto, If you: * are still alive * still have your keys * don't intend to spend your BTC It would be immensely helpful to the ecosystem if you'd send your early mined coins to a burn address.
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Lyn Alden
Lyn Alden@LynAldenContact·
@GraphCall Imagine thinking that having a certificate that represents company shares counts as self custody in the same vein as holding a gold coin or a private key. Stock ownership can be transferred by legal decree, since it’s all on a centralized ledger.
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Geoffrey Fouvry
Geoffrey Fouvry@GraphCall·
I always thought that many #BTC gurus were insufficiently trained in monetary and capital markets matters to realize the flaws in the #BTC proposal. But I never expected to be vindicated that much. 🤔 Have you heard of stock certificates??? 🤦‍♂️ OPTION 1: direct registration. This is how you can have custody your stocks in your own name instead of in the name of a broker with the CCASS in Hong-Kong. It's a pain the neck sure, but it's perfectly doable. CCASS does allow investors to open an Investor Participant Account, which is essentially a custodial stock account held in the system itself. Mechanically: You can hold your stocks in CCASS under your own investor account rather than entirely relying on your broker’s custody accounts. In the US you have the DRS. OPTION 2: Prepper! Or if you really want to go prepper, you can ask for stock certificates!
Swan@Swan

“You can’t self custody your Nvidia stock.” – Lyn Alden That’s the difference. Stocks are claims. Bitcoin is sovereign property. But how big is the market for self-custodial hard money?

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Anorak
Anorak@CryptoAnorak·
@draecomino Lol you were trained at Ark under Cathy Wood.
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Anorak
Anorak@CryptoAnorak·
@VannaCharmer Kalshi team just reeks of dishonesty. I'm not team PM but that was so scummy
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Autism Capital 🧩
Autism Capital 🧩@AutismCapital·
We said from Day One that Trump and family launching shitcoin after shitcoin was a TERRIBLE idea and would come back to bite them. Between TRUMP, MELANIA, WLFI, Barron's anon rugs, etc. they dumped on their voter base. TRUMP coin and MELANIA are both down 95%+ from ATHs. They lured naive and unaware "patriots" (their voting base) who didn't know the first thing about Crypto into buying these worthless pieces of shit, not realizing they were about to become exit liquidity for the insiders. Trump did all of this DAYS before he became President of the United States so he could have the cover of saying he never did it *while* President. It was completely unacceptable and unbecoming of a President. He literally used his voting base as exit liquidity. People who were not crypto native, and only bought in out of love for their President. It was WRONG to do. This is not the behavior of a President. This is not the behavior of an actual leader. This also applies to Javier Milei's shitcoin LIBRA which is down 99%. This also applies to every other celebrity shitcoin, all of which are nearly down 100%. It is bottom feeder scum behavior, and coming from the President and his family, it was and is especially egregious. It was not right. And worst of all, it was unnecessary.
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Anorak
Anorak@CryptoAnorak·
@CtSPACula @chamath Which is it? They aren't ever gonna leave or it's good that they are leaving? Why don't u just answer the most important q - how is CA going to come up with 20%+ shortfall in tax revenue receipt going fwd? Everything else is noise x.com/i/status/20032…
The Count@CtSPACula

@CryptoAnorak @chamath You talk about billionaires as if they grow on trees. You overestimate how willing they are disrupt their family and social circle due to taxes that have zero impact on their day to day life. It’s a minority of these guys who are running companies with more than 200 employees.

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The Count
The Count@CtSPACula·
@chamath You mean to tell me there is a net reduction in billionaire dollars lobbying for reduced friction to their accrual of more wealth in California - policies that nearly always come at the cost of your regular citizen? This sounds like cause of celebration!
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Chamath Palihapitiya
Chamath Palihapitiya@chamath·
With Zuck’s move to Florida, California’s total taxable wealth from billionaires has plummeted to well under $1T from over $2T just a few weeks ago. The loss of this tax revenue was totally avoidable but is now forever. All because Gavin Newsom stood motionless as this stupidly written bill, from a fringe union and a handful of socialist academics with an axe to grind, meandered its way into the public conversation without any action from him and freaked everyone out. These were all people that were paying 13%+ in state income tax every year WITH NO COMPLAINTS UNTIL A FEW WEEKS AGO. And now, for the rest of time, the lost tax revenues from these folks will have to be paid for by the middle class because they are the only group left in California large enough that you can tax to fill the hole. He’s forsaken the middle class instead of managing the budget, managing the deficit, eliminating even a portion of California’s gargantuan waste and abuse. He could have done any of these things at any point over the past 7+ years. But he was silent. And now California’s budget will implode and he wants to run for President. Insane.
litquidity@litcapital

That California billionaire tax idea backfired in the most spectacular fashion

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