flashboy

267 posts

flashboy banner
flashboy

flashboy

@zeroxflashboy

building blocks @monad / ex-mev dev @SeliniCapital / just my opinions

Katılım Ocak 2022
589 Takip Edilen1.7K Takipçiler
Sabitlenmiş Tweet
flashboy
flashboy@zeroxflashboy·
How I almost took down Arbitrum - and how it radicalized me 🧵
English
53
60
719
146.9K
flashboy
flashboy@zeroxflashboy·
Tech bros love to call a collection of tools a “stack”
English
0
0
6
86
𝗵𝘂𝗻𝘁𝗲𝗿
𝗵𝘂𝗻𝘁𝗲𝗿@BFreshHB·
Very excited to see @Arbitrum experiment with technical changes that could one day be seen on @Ethereum mainnet. 96kb smart contract sizes (for rust/c/c++/move) and multidimensional gas pricing is being proposed as we speak. Let the L2 innovate and move quickly, while the L1 maximally embraces CROPS. This is how Ethereum wins.
𝗵𝘂𝗻𝘁𝗲𝗿 tweet media𝗵𝘂𝗻𝘁𝗲𝗿 tweet media
English
17
10
119
8.8K
flashboy retweetledi
Fey
Fey@fey_xbt·
Polymarket is by FAR the most overvalued company in crypto right now and it is not even close. Anyone falling for their marketing stunts and ignoring the absolute trash-tier fundamentals, fake numbers and crime happening there deserves to lose money. This will be one of the worst VC investments in crypto ever on par with EOS ICO. And no, they will never do the airdrop despite 100 paid affiliates convincing you to lose money on rigged markets there. "Muh truth markets bro" narrative literally means "insiders are gambling there non stop and committing crime so you can see what is going to happen". They aren't some random memecoin launchpad or some random perps dex. They are #1 decentralized gambling platform with billions of volume, with no KYC & AML system which will change eventually and they will become fully regulated or shut down while facing massive lawsuits and scrutiny from regulators. Majority of the volume comes from washtrading, they allow bad actors to bet 7 figures as insiders, and they even internally know a lot of outcomes of the markets they list. One example are markets where they collab with teams on dates of TGE and valuations, this info is easily obtained even if you are just seed investor. Last scandal they had with CT investigation market is also obvious example. I will ignore whatever happened there, who bet on what, that is not something that I care about and it isn't what I want to spend my time on. The most obvious thing there is that they listed the most random option anyone could think of at the time and zero of their competitors, all other options were CEXs, LPs and MMs. If they added competitors as well there would be room for doubting that listing team didn't know outcome, but to me it looks like they definitely did. There isn't a day that passes without some market getting rigged by insiders betting and there are laws to prevent that in real world. I won't even go into betting resolution system because that has been covered a thousand times already. I still choose to believe that upper management is not aware fully of what is happening on their platform, or at least not aware of insane regulatory shitstorm that they will eventually have to deal with if nothing changes. Product is great, marketing is top tier, but the way it operates is absolute insanity considering that they are trying to be $20B company based in USA. I don't know who the hell is investing in this at 20B, but if they want to survive, not succeed, but simply survive, they need to get their shit together otherwise things will get really ugly down the road if they allow their casino to operate like this. - I am not affiliated with either PM or any of its competitors, I am not accusing them of anything, I am simply pointing out what is happening there that simply won't work in the long run unless they change something - otherwise regulators will have a lot of fun with this one, and that isn't good for industry that we are all in. My POV is that this valuation is absolute insanity and I can't think of worse R/R play in the entire industry right now. Hopefully they fix the serious issues they have instead of just trying to raise more money at higher valuations every quarter. Personally, I think one of the coolest products we've had in years is being led straight toward certain death. Happy to be proven wrong, but I don’t think I am.
zoomer@zoomerfied

[ ZOOMER ] POLYMARKET EYEING $20B VALUATION FOR NEW FUNDRAISING ROUND: WSJ

English
71
57
549
100.8K
flashboy retweetledi
jseam
jseam@henlojseam·
People think quantitative finance is about maths/stats That's a noob mistake Being a quant is really an exercise in thinking laterally Example of a strategy that have been used before but is now patched TCP delay exploit Tldr on TCP - TCP relies on syn/ack to ensure packets are delivered in sequence and not lost - Message boundaries aren't defined so you can simply not send the whole message and the end server won't process the message - Exchanges give some leeway in timing for the TCP message to be accepted Strategy 1. Open 2 TCP session 2. Send buy and sell orders but only send 99% of the data 3. Send the remaining 1% of data for the side which is profitable. Let the other side expire. The Patch Exchanges have introduced penalties on actors who do this today You have to think like a schizo mfer in order to be a quant
jseam tweet media
English
7
6
153
13.3K
flashboy
flashboy@zeroxflashboy·
Success doesn't really interest me anymore. It's too easy. Analysis plus capital plus execution... anyone can do that. molantap.xyz
English
7
1
29
1.8K
flashboy retweetledi
Keone Hon
Keone Hon@keoneHD·
It is very cool to see the “strawmap” for Ethereum but also worth noting that the end state after a bunch of changes is 8s finality, 10x the current finality of Monad A lot of these problems are solved already. People will slowly realize
vitalik.eth@VitalikButerin

A very important document. Let's walk through this one "goal" at a time. We'll start with fast slots and fast finality. I expect that we'll reduce slot time in an incremental fashion, eg. I like the "sqrt(2) at a time" formula (12 -> 8 -> 6 -> 4 -> 3 -> 2, though the last two steps are more speculative and depend on heavy research). It is possible to go faster or slower here; but the high level is that we'll view the slot time as a parameter that we adjust down when we're confident it's safe to, similar to the blob target. Fast slots are off in their own lane at the top of the roadmap, and do not really seem to connect to anything. This is because the rest of the roadmap is pretty independent of the slot time: we would need to do roughly the same things whether the slot time is 2 seconds or 32 seconds There are a few intersection areas though. One is p2p improvements. @raulvk has recently been working on an optimized p2p layer for Ethereum, which uses erasure coding to greatly improve on the bandwidth/latency tradeoff frontier. Roughly speaking: in today's design, each node receives a full block body from several peers, and is able to accept and rebroadcast it as soon as it receives the first one. If the "width" (number of peers sending you the block) is low, then one bad peer can greatly delay when you receive the block. If width is high, there is a lot of unneeded data overhead. With erasure coding, you can choose a k-of-n setup, eg: split each block into 8 pieces so that with any 4 of them you can reconstruct the full block. This gives you much of the redundancy benefits of high width, without the overhead. We have stats that show that this architecture can greatly reduce 95th percentile block propagation time, making shorter slots viable with no security tradeoffs (except increased protocol complexity, though here the performance-gain-to-lines-of-code ratio is quite favorable) Another intersection area is the more complex slot structure that comes with ePBS, FOCIL, and the fast confirmation rule. These have important benefits, but they decrease the safe latency maximum from slot/3 to slot/5. There's ongoing research to try to pipeline things better to minimize losses (also note: the slot time is lower-bounded not just by slot latency, but also by the fixed-cost part of ZK prover latency), but there are some tradeoffs here. One way we are exploring to compensate for this is to change to an architecture where only ~256-1024 randomly selected attesters sign on each slot. For a fork choice (non-finalizing) function, this is totally sufficient. The smaller number of signatures lets us remove the aggregation phase, shortening the slots. Fast finality is more complex (the ultimate protocol is IMO simpler than status quo Gasper, but the change path is complex). Today, finality takes 16 minutes (12s slots * 32 slot epochs * 2.5 epochs) on average. The goal is to decouple slots and finality, so allow us to reason about both separately, and we are aiming to use a one-round-finality BFT algorithm (a Minimmit variant) to finalize. So endgame finality time might be eg. 6-16 sec. Because this is a very invasive set of changes, the plan is to bundle the largest step in each change with a switch of the cryptography, notably to post-quantum hash-based signatures, and to a maximally STARK-friendly hash (there are three possible responses to the recent Poseidon2 attacks: (i) increase round count or introduce other countermeasures such as a Monolith layer, (ii) go back to Poseidon1, which is even more lindy than Poseidon2 and has not seen flaws, (iii) use BLAKE3 or other maximally-cheap "conventional" hash. All are being researched). Additionally, there is a plan to introduce many of these changes piece-by-piece, eg. "1-epoch finality" means we adjust the current consensus to change from FFG-style finalization to Minimmit-style finalization. One possible finality time trajectory is: 16 min (today) -> 10m40s (8s slots) -> 6m24s (one-epoch finality) -> 1m12s (8-slot epochs, 6s slots) -> 48s (4s slots) -> 16s (minimmit) -> 8s (minimmit with more aggressive parameters) One interesting consequence of the incremental approach is that there is a pathway to making the slots quantum-resistant much sooner than making the finality quantum-resistant, so we may well quite quickly get to a regime where, if quantum computers suddenly appear, we lose the finality guarantee, but the chain keeps chugging along. Summary: expect to see progressive decreases of both slot time and finality time, and expect to see these changes to be intertwined with a "ship of Theseus" style component-by-component replacement of Ethereum's slot structure and consensus with a cleaner, simpler, quantum-resistant, prover-friendly, end-to-end formally-verified alternative.

English
66
34
343
41.4K
flashboy
flashboy@zeroxflashboy·
@0xfoobar @Jesterthegoose This is effectively the same thing as cancel priority Prediction markets need to protect market makers more than other markets because they’re more toxic
English
0
0
1
256
foobar/
foobar/@0xfoobar·
@Jesterthegoose Is it really market making if you pull your quotes any time people try to hit them
English
2
0
34
2.7K
JesterTheGoose
JesterTheGoose@Jesterthegoose·
Polymarket has removed the 500ms taker delay (time before your order executes) on the crypto markets without warning. This has (understandably imo) angered some users who relied on this delay to market make.
JesterTheGoose tweet media
English
86
30
1.5K
190.3K
flashboy
flashboy@zeroxflashboy·
Ray Dalio has called 50 of the last 2 financial crises
English
0
0
10
489
flashboy retweetledi
Aakash Gupta
Aakash Gupta@aakashgupta·
The scariest number here: 3.61% of CPUs in one large-scale study were found to cause silent data corruptions. Not “a few bad chips.” Nearly 4 out of every 100 processors doing math wrong, silently, with no error log. Google coined the term “mercurial cores” in 2021 after their production teams kept blaming software for data corruption. They’d debug for weeks, find nothing wrong with the code, swap the machine, problem gone. The actual cause: manufacturing defects at sub-7nm that pass every factory test, then degrade unpredictably months or years after deployment. Facebook confirmed the same thing independently. Hundreds of affected CPUs across hundreds of thousands of machines. The defect doesn’t crash your system. It just gives you 5 instead of 6 when you multiply 2x3, under specific microarchitectural conditions, with zero indication anything went wrong. Now think about what this means for AI training. A single corrupted GPU or CPU in a distributed training cluster doesn’t just produce one bad output. It feeds corrupted gradients into a synchronization step that gets averaged across every accelerator in the cluster. One bad chip can silently poison an entire training run. NVIDIA published a whitepaper on exactly this problem. Loss spikes during LLM training that nobody could explain traced back to silent hardware corruption. The part that keeps infrastructure engineers up at night: traditional defenses don’t work. ECC memory can’t catch this because the corruption happens during computation, not storage. Checksums like CRC heavily use vector operations, which are themselves one of the most vulnerable instruction types. The tools designed to detect corruption are running on the same flawed silicon. Google’s current detection method? Roughly half human-driven, half automated. And of the machines humans flag as suspicious, only about 50% are actually confirmed mercurial on deeper investigation. We’re debugging trillion-parameter models on hardware where we can’t reliably tell which chips are lying to us. Moore’s Law gave us more transistors. It also gave us transistors we can’t fully verify.
LaurieWired@lauriewired

CPUs are getting worse. We’ve pushed the silicon so hard that silent data corruptions (SDCs) are no longer a theoretical problem. Mercurial Cores are terrifying because they don’t hard-fail; they produce rare, but *incorrect* computations!

English
133
802
5.8K
543.5K
flashboy
flashboy@zeroxflashboy·
@NathanWorsley_ It's actually not about the smoothing - it's the fact that the price moves too much over a short period of time. OP even admitted to speeding up the video by 2x Not doubting the legitimacy of your product, just pointing out the demo is unrealistic x.com/JoestarCrypto/…
Joestar⭐@JoestarCrypto

@zeroxflashboy Actually it's just speed up 2x, i think you don't get what 10ms block time and 2,4ms oracle can build

English
1
0
5
271
Nathan Worsley ✨
Nathan Worsley ✨@NathanWorsley_·
Nothing better than watching people getting one-shotted by TapTrading. We smooth the price to tickle your brain and release more dopamine, but you can turn it off & we still give you any wins missed as a result. I've turned it off in this picture; if you look carefully, you'll see the price spikes. All price data on @Euphoria_fi is on-chain, verifiable for settlement, and provided by @redstone_defi. Decentralised ftw. I love you all.
Nathan Worsley ✨ tweet media
flashboy@zeroxflashboy

The chart data is either highly sped up, or an artificially generated random walk Anybody who has looked at high frequency crypto BBO data knows prices don’t move like this most of the time

English
12
4
93
14.4K
Joestar⭐
Joestar⭐@JoestarCrypto·
Kinda funny to see the "fastest EVM L1" not understanding how 10ms block time and 2.4ms oracle (ty to @redstone_defi) can deliver a product like @Euphoria_fi You are so early that a lot of people don't get yet what real-time blockchains enable guys Real-time apps.
flashboy@zeroxflashboy

The chart data is either highly sped up, or an artificially generated random walk Anybody who has looked at high frequency crypto BBO data knows prices don’t move like this most of the time

English
9
2
32
3.7K
flashboy
flashboy@zeroxflashboy·
@Weelecht Used to generate terrain, both in video games and in users’ wallets
English
1
0
8
879
flashboy
flashboy@zeroxflashboy·
The chart data is either highly sped up, or an artificially generated random walk Anybody who has looked at high frequency crypto BBO data knows prices don’t move like this most of the time
Joestar⭐@JoestarCrypto

Got my hands on this @Euphoria_fi testnet version recently (that's rly me) And yeah, it just feels like the next generation of apps, this is the kind of thing that only Megaeth infra can deliver, and I bet a lot more will be built

English
13
0
72
29K
High Yield Harry
High Yield Harry@HighyieldHarry·
“Your bonus this year will be 150% of base”
English
33
81
7.4K
595.9K
flashboy
flashboy@zeroxflashboy·
@rookie_of_Ph @monasex_1 @0xfoobar Yeah so you can think of it like an L2 with real-time fraud proofs. It’s an upgrade from the status quo, but it’s clear that block building is not something that just anybody can do. It has tradeoffs
English
1
0
1
33
foobar/
foobar/@0xfoobar·
Legitimately the most important blockchain since Ethereum LayerZero is the first team to actually unlock 100x scaling improvements while preserving decentralization - actually, improving it - and unify everything in a single package Pumped to see them win tokenization too
LayerZero@LayerZero_Core

x.com/i/article/2020…

English
87
20
373
77.4K
flashboy
flashboy@zeroxflashboy·
Shiny object syndrome in full display on the timeline
English
1
1
28
1.1K