Markus Perdrizat
mastodon 4.7.2Open source and decentralized communities since y2k. Currently focusing on crypto infrastructure. At the intersections of product & tech, tradfi & defi
You might be surprised to learn that Bruce Schneier thinks that quantum computation progress is overblown. Without the hardware, any algorithm advancements are useless.
And so it begins... or is it really just the strategic optionality play that Strategy MSTR fanbois hope it is? 🤡
https://bitcointreasuries.net/news/michael-saylors-strategy-sells-32-bitcoin-to-fund-strc
Thoughtful positioning of open access (to distillation) vs. weakening the Western (US) world by over-protecting its businesses. Let's compete out there!
We built half of the tech industry around automating Accounting. Yet the number of accountants kept going up. The same is true for engineers, SW developers, and more.
https://www.ben-evans.com/benedictevans/2026/5/24/ai-job-exposure
Consolidation, already? Looks like Grok might buy Cursor!
Interesting proposal to create a quantum vulnerable Bitcoin canary address that entities with a CRQC can use to signal that there is now a CRQC - without giving away who they are, nor stealing actual bitcoin.
Just like the EICAR file for anti-virus.
https://www.bitmex.com/blog/Avoiding-An-Unnecessary-Quantum-Freeze
This "EICAR for Bitcoin" can act as an early warning signal for e.g. activating more drastic quantum security measures, such as freezing vulnerable coins.
Back from a couple days touching grass - wow, I had totally missed the Aave angle of the Kelp DAO hack, this is bad. Glad that the Arbitrum Council froze 30.7k ETH - but pondering the implications of this demonstration of centralized control, for ARB and other DINO protocols
https://gogol.substack.com/p/when-a-hacker-mints-collateral-the
People unhappy with Linus (not speaking only bad about LLM supported coding) realizing again that Linux is too big to fail.
You trust Bitcoin's binary, but who built it and can you verify its integrity? My friend Tejaswi is diving deep into Bitcoin build reproducibility and comes back with a great SBI Intelligence Brief 🔥
South Korea piloting deposit tokens coupled to wholesale CBDC - with 500k users, sounds great 🔥
https://www.businesskorea.co.kr/news/articleView.html?idxno=265528
This is why agentic coding has taken off so quickly: it's a simple enough feedback loop where it's immediately clear if the result is correct 🤯
Well - correct enough to execute, but by far not always what the user wanted!
https://tomtunguz.com/ai-problem-matrix/
Interesting reread given the SpaceX buys Cursor option that came on the table over night
It's good to know you can fork if there are real issues. But fixing our differences should always be the first order of business, not just walk away and splinter with more forks.
Great quotes: false-decentralization is objectively inferior to the status quo. It’s neither as efficient as what TradFi runs today nor as secure as real decentralization. On enterprise networks, the cryptography is bloat and the consensus a charade.
https://malekanoms.substack.com/p/the-machiavellian-case-for-decentralized
Finally, PMF for blockchains as trustless data storage! 🤡
Citi expects that deposit token transaction volumes could exceed stablecoins by 2030. This will be interesting to watch, it's the race of "better digitalized banks" vs decentralized finance. Or, to use an even older term - "Blockchain, not Bitcoin"
This is not how nice stories start: A Vercel employee signed up for the app using their employee credentials while giving it “Allow All” permissions
https://www.halborn.com/blog/post/explained-the-vercel-hack-april-2026
Took the words right out of my mouth! Also, the way these LLM subscriptions are setup is a giant slot machine, targeting the collective (developer) OCD like few other things. Just one more thing, just one more time... 🤯
Another oracle manipulation exploit - they never get old. But, this time enabled by a compromised private key, not any smart contract vulnerability.
https://www.halborn.com/blog/post/explained-the-ostium-hack-july-2026
We're in the middle of the hype cycle, yet Gartner thinks they found the winners: Disinformation Security and World Models 🤡
I believe this one more: most generative AI and custom model projects will be a bust!
It's worth remembering - not everything touted as a quantum risk *is* a quantum risk. Even if the crypto relevant quantum computer comes much faster than expected, symmetric AES-128 will still be safe.
Tell me something new about the human language! Also: agents are just as prone to misunderstandings as we are. We're never going to be out of work for humans 🔥
https://www.halborn.com/blog/post/ap2-mandates-under-attack-preventing-agent-payment-fraud
Repeat after me: don't trust user input! By sending a malicious payload of just 11 bytes, a remote, unauthenticated attacker can force a server using OpenSSL to allocate disproportionate chunks of memory before any security handshake even begins
https://sec.okta.com/articles/2026/06/openssl-hollowbtye-a-dos-hiding-in-11-bytes/
LSE Will Trade 22.83 Hours a Day - great headline by Matt Levine
Great explainer why Bitcoin is careful to onboard hash-based signatures, such as SPHINCS+ they're way too big, and require careful state management. Will require a lot more research to overcome and make usable
https://www.certik.com/blog/post-quantum-signatures-part-2-from-trees-to-forests
Love this prime example of learning from failure. About Steve Jobs before and after NeXT.
https://www.thefp.com/p/steve-jobs-leadership-transformation?ref=news.randsinrepose.com
Brilliant: Make Interviewing A Profit Center. Just an idea at this time, let's see if something can grow out of it
https://steve-yegge.medium.com/the-last-technical-interview-bc13ddcf4564
When being American is more important than being Bitcoin maxi, this is what you get
People having fun... not realizing the potential negative consequences if e.g. the agent deletes more than just jqwik source code. I would rate this as "mostly harmless" but not sure if I'm missing something?
You don't say! Gartner thinks there’ll be pain before AI-powered automation pays off 🤡 there's always pain ahead when we're at the top of the hype cycle
The times they are a-changin' and you can't keep code out "just because it's co-authored by an LLM". Ramp up your tests, and introduce additional controls against slop in critical parts of the code - just like QEMU are doing now 🔥
https://www.theregister.com/ai-ml/2026/05/29/qemu-mulls-relaxing-ai-contribution-ban/5248638
Let's roll out a "minimum-good" hybrid address type that both uses today's crypto (for the foreseeable future) and tomorrow's post quantum crypto (just in case there's ever a CRQC), we can all rest assured that things will work out fine
https://nehanarula.org/2026/04/20/bitcoin-and-quantum-a-roadmap.html
This is how you keep your codebase safe. Except - you can't people from using LLMs, therefore you need all the other measures: defensive programming guidelines, personal sign-offs / reviews, extensive test framework
Passkeys of the Apple, Android and Microsoft universes are both more secure than a password manager, but also less secure than a proper, physical passkey (such as the Yubikey). Know when to use which!
https://dankradfeist.de/blockchain/2026/05/31/passkeys-hardware-wallets.html
The RPC infra used by LayerZero was hacked to send incorrect transaction data. So many interesting facets to this Kelp DAO attack. Curious if they validated results from multiple providers against each other, or just used them for redundancy.
Interesting report into how they tracked one of the DPRK hacking groups - and how they're already using agentic coding for a lot of their work, even in relatively novel areas such as hiding rootkits and exploits 🤯
Very tempted to buy the reTerminal E1003 fast, high-resolution grayscale e-paper panel. With ESPHome and Home Assistant it should make for a great b/w frame!
Listen, kids, don't be like Microsoft. Poor handling of this situation, lots of popcorn eaten over the last few days! 🤡
Seven years in the making. We're still just tip-toeing baby steps towards getting TradFi onto the blockchain rails. This is an important step in the right direction - temporarily, as ultimately, blockchains should be the clearing & settlement technology layer!
This is only possible with permissionless money: recovery of $2 million in ETH from a 2016 ICO contract, thanks to a whitehat. Now, let's do this with the Parity Wallet hack (spoiler - you can't)
The Agentic Web is the cure for the internet’s Original Sin. By replacing ad-tracking with agentic payments, we shift from a "distraction economy" to a "value economy." Ads simply vanish because our attention is no longer the product
https://stratechery.com/2025/the-agentic-web-and-original-sin/
