blockhiro @blockhiro
i'm betting on the world becoming one big computer blogger @lemniscap prev @theblockco & decision research @uchicago @columbia Joined April 2009-
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zcash:native from my understanding so far, its a highly specific and low probability risk, some re-rating lower makes sense until Tachyon can prove undoubtedly but looking at global supply intact per turnstile and no abnormal selling behavior / orchard exits / exchange deposits, it does seem they proactively patched before exploit good look for the security team imo at least they ARE discovering and acting unlike the myriad low cap defi that sit around waiting to get hacked
since this comes up every few months, a refresher: - first, there *is* a way to prove the bug wasn't exploited, more on this below - the fundamental tradeoff in a strict privacy pool is that if there's a bug, it could be utilized without immediate detection. this is the same
@blknoiz06 they gonna liquidate more longs than 10/10 next?
three truths: four year cycle is mostly astrology astrology is self-confirming self-confirmation is self-fulfilling
probably the most promising ETH recovery story would be meaningful development toward PQC; "quantum money" over the "DeFi" narrative a "DeFi is back" story looks less and less likely as TVL falls, exploits announced every other day, and Mythos public release in the coming weeks
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
.@NEARProtocol quietly rolled out confidential deposits while reaching $20B in cumulative volume on @near_intents in under a year
when there were few coins, they got bid to ridiculous valuations in crypto's pre-pubescent mania now there are a lot of coins but only a few are good even among good coins, valuations are still stretched on some that got too high before growing up takes time, but eventually dead weight value in pointless coins will rotate into purpose coins, some of which of which went too low before comparing to post-dot-com, the lesson is not "buy everything after the crash," it's buy quality that got thrown out with the bathwater
Notwithstanding the overall weakness across crypto, $LIT looks ready to go. Often referred to as "beta" but it can stand on its own metrics. Seeing more former ETH maxis and large traders get behind it for the tech architecture and snappy performance + liquidity. Locally, it has shed a lot of OI build without really going down in price against broader market going straight down. $HYPE still king, no need to be tribal. I own both. These protocols have both shown they can do well even when the crypto industry as a whole is not, as their growth angles are TradFi adjacent (stocks/RWA trading + deals to receive the interest on USDC margin in the platforms). The best coins in a bad market are the ones receiving the capitulation flows from other much larger coins BTC flowed into ZEC SOL flowed into HYPE ETH -> LIT?
good coins combined market cap: $27B bad coins combined market cap: $1.7T
last chance to buy $LIT below Peter Thiel's entry
@blknoiz06 🫡x.com/blockhiro/stat…
the other kind of alt season no one wants to talk about is BTC falling faster than others
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