Aidan Mott

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Aidan Mott

Aidan Mott

@KidKrypt0

Interested in Bitcoin and Crypto. Previously Product and Research @ Messari

NYC Katılım Aralık 2016
1.4K Takip Edilen2.7K Takipçiler
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Aidan Mott
Aidan Mott@KidKrypt0·
My advice to students thinking about dropping out to go full time crypto as someone who did 1 year ago: -Don’t base your decision on people you’ve seen on twitter, everyone has a safety net -For 99% of people hoping to rely on “trading” as primary income it will not end well
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Aidan Mott
Aidan Mott@KidKrypt0·
My overall take: net positive for the industry. The conversation on Bitcoin's quantum vulnerability has accelerated significantly. P11 and Nic Carter deserve credit for that. The business model is still finding its shape. Worth watching
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Aidan Mott
Aidan Mott@KidKrypt0·
I spent some time trying to understand what the bet on @projecteleven entails. $26M raised, $120M Valuation, the most visible company in the Bitcoin Quantum security space.
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Aidan Mott
Aidan Mott@KidKrypt0·
I don't think @projecteleven is a bad actor. The work they've done to raise the alarm on quantum should buy them a serious amount of goodwill. I do, however, think they have made an unforced error with the Q-Day prize and subsequent messaging. 15-bit ECC break with QC is a big deal, but it is still a small milestone in the big picture. The methodology associated with the break needs to be bulletproof with very clear messaging. I personally can't speak to the methodology/tech behind it, but credible voices have posed some seemingly valid skepticism that the team hasn't engaged with: x.com/_jonasschnelli… x.com/yuvadm/status/… Again, I have nowhere near the technical expertise to know if the criticism posed is correct, but I'd also guess that means a large % of people don't either. So the team needs to be as upfront and proactive in engaging with that as possible. From my perspective, the value of earned press from this announcement is nowhere near the value being burned from the perceived (accurate or not) intellectual dishonesty, especially this early in the game on mitigating the quantum threat.
Project Eleven@projecteleven

Project Eleven Awards 1 BTC Q-Day Prize for Largest Quantum Attack on Elliptic Curve Cryptography to Date Researcher breaks 15-bit ECC key on publicly accessible quantum hardware in a 512x jump from the previous public demonstration. Project Eleven today awarded the Q-Day Prize, a one Bitcoin bounty, to Giancarlo Lelli for breaking a 15-bit elliptic curve key on a publicly accessible quantum computer. The result is the largest public demonstration to date of the attack class that threatens Bitcoin, Ethereum, and over $2.5 trillion in ECC-secured digital assets. "The resource requirements for this type of attack keep dropping, and the barrier to running it in practice is dropping with them," said @apruden08, CEO of Project Eleven. "The winning submission came from an independent researcher working on cloud-accessible hardware. No national lab, no private chip. It shows that tangible progress is possible and highlights the urgency to migrate to post-quantum cryptography sooner rather than later. Google just committed to being quantum-secure by 2029. The window to get ahead of this is closing.” Lelli derived a private key from its public key across a search space of 32,767 using a variant of Shor’s algorithm. Shor's targets the Elliptic Curve Discrete Logarithm Problem (ECDLP), the math underlying the digital signature schemes securing Bitcoin, Ethereum, and most blockchains. Quantum attacks on ECC have moved from theory to practice over the last seven months. Steve Tippeconnic's 6-bit demonstration in September 2025 was the first public break on quantum hardware. Lelli's 15-bit result extends it by a factor of 512. Theoretical resource estimates for a full 256-bit attack, the scale Bitcoin operates at, have fallen sharply over the same period. Google's April 2026 whitepaper put the requirement at under 500,000 physical qubits. A subsequent paper from Caltech and Oratomic brought that figure as low as 10,000 qubits in a neutral-atom architecture. Lelli's result is the practical counterpart to those optimizations. The distance from 15 bits to 256 bits is large, but the gap is increasingly viewed as an engineering problem and not a fundamental physics problem. Roughly 6.9 million Bitcoin sit in wallets whose public keys are visible on-chain, exposing them to quantum attack. All blockchains using ECC share similar risks with vulnerable assets. Project Eleven is developing its next challenge, focused on the intersection of frontier AI models and quantum cryptanalysis.

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Aidan Mott
Aidan Mott@KidKrypt0·
@benthecarman It seems like this argument largely falls apart if there is only one CRQC in existence (or at least being used for this purpose) controlled by a single actor?
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benthecarman
benthecarman@benthecarman·
Haven't seen people make this argument before on the case for freezing vulnerable quantum coins. Curious on people's thoughts stacker.news/items/1476783
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Aidan Mott
Aidan Mott@KidKrypt0·
Wrote a quick primer on the quantum/Bitcoin discussions. Will add additional context in a v2 based on feedback (e.g. short-range attack is less likely but still theoretically possible). Would love any feedback/counterfactuals. Link below
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Aidan Mott retweetledi
Messari
Messari@MessariCrypto·
and KDA mindshare spiked.
Messari tweet mediaMessari tweet media
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Degen Sensei 🎲
Degen Sensei 🎲@DegenSensei·
Messari cabal on absolute demon time, gotta hand it to them fellas
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Aidan Mott
Aidan Mott@KidKrypt0·
It’s more of a secret menu thing than something we advertise but every Messari enterprise subscription comes with 1:1 swing lessons from our company pro. You just have to find the right person to ask.
Messari@MessariCrypto

@KyleSamani @Kalshi Spending a lot of time on the right side of the course? - Narrow the stance to get the hips moving - More knee bend to promote weight in the balls of the foot - Left hand grip needs to be strengthened - +1 to everything @pumpdotscience said Nice swag. Go USA

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Jake
Jake@immutablejacob·
Stablechains are coming. @0xYoussef_, @ahbeaudry, and I just released the most comprehensive report on Stablechains. We break down @arc, @codexfx, @PlasmaFDN, @stable, @tempo, and @1MoneyNetwork. Our thesis: D.R.E.A.M. — Distribution Rules Everything Around Me. Read the full 30-page report 👇
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Youssef@0xYoussef_

Stablecoins have been used to settle over $40 trillion in the past year. Yet fee volatility, chain re-orgs, and compliance gaps still limit adoption. Enter Stablechains: purpose‑built networks for stablecoin settlement.

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Youssef
Youssef@0xYoussef_·
Stablecoins have been used to settle over $40 trillion in the past year. Yet fee volatility, chain re-orgs, and compliance gaps still limit adoption. Enter Stablechains: purpose‑built networks for stablecoin settlement.
Youssef tweet media
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