Mikko Ohtamaa
@moo9000
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Cofounder @tradingprotocol - Digital rights, blockchain, information security, open source, Bitcoin | https://t.co/vpMeNzzzdR
Joined June 2009
Gary Gensler says GitHub should be illegal, because the SEC does not know how to use it
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Polygon finds out EVM does not scale, no matter how many hardforks you do
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Steam Deck is the first console from a large publisher to have an #opensource dev kit - the first in 40 years history of video game consoles.
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Somebody loses all of his $45k for MEV bots in a single trade.
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I have been using Linux since 1993. I am top < 0.1% programmer on StackOverflow. This is the stuff I Google.
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@emilyldolson @googledrive This process is illegal in the European Union under GDPR, which explicitly prohibits automated decision making that may harm the user.
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@NewsParticipant @curious_founder This argument is easy to debunk by looking at European countries that have more open land than the US, like Finland and Sweden. More hauling is required, but cars are still smaller, and more efficient.
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The EU is making its move to take steps to ban self-custody wallets.
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Announcing Libra Classic. Privacy oriented, democratic version, of Libra blockchain.
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I decided to start doing smart contract audits again. $10k/week. Ping me if you need an audit.
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@emilyldolson @googledrive This process is illegal in the European Union under GDPR, which explicitly prohibits automated decision making that may harm the user.
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#iota logo added to the conference website. In 2018, I did not expect to do this ever. But luckily things have changed. We have limited tickets - so get your free ticket at now or follow the conference on Twitter @PyChainConf
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I always thought @udiWertheimer was a troll account, and was surprised to find out he is a real person
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THE ORDINALS LEADERBOARD 🌍☄️. Can your chain handle ordinal flood?. ✅ @NEARProtocol (160 TPS).✅ @gnosischain (50 TPS).✅ @avax (600 TPS).✅ #Bitcoin (bitcoin does not TPS). ☠️ @ton_blockchain (crashed at peak 300 TPS).☠️ @arbitrum (stopped producing blocks). Who did I miss?.
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Brazilian Central Bank chooses a permissioned EVM blockchain for their CBDC. The same as Norway before. Ethereum has won.
The Brazilian Central Bank is launching an ERC20-based digital currency soon. The smart contract for their CBDC contains logic that allows them to freely move, burn, or freeze user funds. They will also be able to control who can move funds around.
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Yes! Polkadot branded private jets was exactly what the Polkadot community needs. Hopefully the CMO reached the mile high club with this community contribution.
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Bank of International Settlements uses public @ethereum Sepolia testnet blockchain and @CurveFinance smart contracts for their cross-border FX AMM pilot. Although BIS goes to great lengths to avoid mentioning Curve by name, based on function signatures BIS is using the
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TON blockchain was taken down by a transaction peak. Ton is currently doing 1 TPS, falling short of the 100k TPS "the most scalable blockchain ever."
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DENMARK TO ABOUT TO BAN BITCOIN WALLETS. We have finally reached this point. In the latest DeFi guidance of Danish FSA, the regulator goes too far: The guidance tries to capture everything in crypto regulation, including your Bitcoin wallet, using "interface" argument. DFSA says
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1/ SOMEONE JUST LOST $5M in an ERC-20 phishing transaction using so-called increaseAllowance() method. ERC20 phishing scams netted $50M/m to the bad guys, mostly using permit(), increaseAllowance(), approve(). What are these methods and why do people keep losing money?. 👇👇👇
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Cardano is the number one crypto brand in the world. $ADA has always been a pioneer in this new sector, has most loyal users and solid technology. They have zero hacks, most PhDs and the best programming languages.
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When developers learn what kind of piece of shit EVM is to work with
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Jump crypto finds a critical vulnerability in the BNB Chain that could have led to the wiping out of all assets.
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Looks like @ton_blockchain failed stress test, as infrastructure crashes in DOGS airdrop. Only max of 280 TPS (transactions per second) reached. This is far less than earlier claimed theoretical 55,000 TPS.
Telegram Wallet said that the release of DOGS caused several crypto exchanges and some Wallet functions to not work, and the Wallet's exchange function is currently unavailable. Bybit said that due to a surge in user activity, its application was interrupted for a time, but have.
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1/ ON WHY EVERY BITCOIN L2 ECOSYSTEM WILL BE A FAILURE. The daddy coin wants to do something but faces a moral dilemma. Why will it be difficult to build a functional Bitcoin L2 ecosystem?. A thread. 👇👇👇
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The whole "save the gas by not emitting events" narrative is driven by HFT and MEV camps whose net contribution to Web3 ecosystems is negative. Furthermore, the proposal is driven by a single proprietary company having its single closed-source implementation for this.
We’re proposing ERC-7571 🌗. A standardized syntax for shadow events within Ethereum smart contracts to make it easier for them to be specified, discovered, and fetched by any offchain developer tools or infrastructure.
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Soo… is @avalancheavax the only chain left having a bridge which would have not been hacked or having massive issues found by whitehats?.
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1/ SOLANA: SAFER THAN ETHEREUM. Memecoin mania happened on Solana. To the same extent, it can never happen on any EVM chain. Let's examine Solana's SPL tokens and why they offer a better user and developer experience than ERC-20 and how is this related. A short thread. 👇👇👇
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Polygon taking users' bridged USDC deposits and using them in money markets like Morpho sets a dangerous precedence. - It destroys any illusion of self-custodianship with the Polygon bridge. We know it is controlled by a multisignature wallet, but as long as those keyholders do.
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There is a high probability that BNB Smart Chain introduced a bug that caused persistent state damage. Erigon has not been able to sync the chain for a ~week now.
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Unpopular opinion: Ethereum community has not focused on users or developers for a long time. Only staking, liquid staking, restaking, staking staking, rollup rollup, L2 L3, over-complex underdelivering solutions. And now finally ETF ETF ETF. When there is finally legit.
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The solution to "multisig confirmation hack" problem is human-readable transactions. You need to have a trusted user interface i.e. your hardware wallet to be able to decode and tell you want the transaction is doing, instead of hashes, domains and other crap. Some advanced
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Ethereum was never rolled back in TheDAO hack. Because ETH was stuck in a timelocked address for 21 days, what was done was "an irregular state transition". All nodes upgraded to the new software version which then moved stolen ETH to a new address in a specific block. Those who.
PSA for those who are new here: While it is theoretically possible to roll back a blockchain like Ethereum (it happened once in the past, google The DAO hack) it would be extremely hard to get enough support from all the diverse ecosystem participants to coordinate it today, so.
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Wallet drainers being modified to bypass any transaction simulation
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This is not true. “Vitalik” did not “build Ethereum from scratch” with $20M. Early Ethereum was a community effort where many ICO investors, other open source developers, contributed their time, often free, to build Ethereum. I was there. - Times were different (cryptoanarchist.
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I miss the days when I was offered $1M/year for Solidity development
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Marriott hacked third time in a row. Because unlike in crypto, there is no direct dollar figure how this causes losses to the user in the form of fraud and privacy, media is not interested in.
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If you are in crypto. 1. Use Firefox.2. Use Firefox.3. If you use Chrome despite me warning you in 1 and 2, then at least don’t use any of its login and syncing functionality.
@0xextractvalue They gained access to Google first, and were probably able to install extensions that sync'd back to me. The Korean translate setting after the hack occurred is what set my investigation path. That setting got enabled on all my sync'd devices, when I never had such setting in.
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How to compromise all web3 websites in the world. It's called improving logic and UI.
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1/ Shit blockchains do not need, but that's just Ethereum design flag baggage:.
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1/ The short history of algorithmic stablecoins, fractionally backed family. Some inherited unstableness goes in the blood. A thread. 👇👇👇
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Japanese yen carry trade explained. It's all about pensions. And boomers' pensions are about to collapse, not just in Japan but elsewhere.
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@Mudit__Gupta @stephenlacy @github GitHub should have a red background for repos that have maintainers without two-factor authentication enabled.
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@Flowslikeosmo Asian market makers use it move USDT around. It's basically an app chain for USDT. Tron took over USDT transfers from Omni (Masterchain) because the Bitcoin blockchain was too slow and expensive. More here:.
1/ The evolution and future of cryptocurrencies. or how we ended up with where are today with #Bitcoin, #DeFi and blockchains. A (long) thread. 👇👇👇. Hold tight, I'll be your ride operator.
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Shill me your L1s and L2s. A video game project with 74k MAU is looking for a chain home.
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Microsoft's private key "keys to the kingdom" was comprised. But unlike crypto hacks, no one is talking this because. - Damage is not directly quantitative, even though likely in tens of billions of dollars (is it damage if China / North gets richer? 🙃). - Microsoft downplays
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1/ Syncing ETH node. So hard they say. I did it in 24 hours. Running it costs me around 50 EUR/month. No API limitations. No unplanned downtime. No counterparty risk with the SaaS company. A thread. 👇👇👇.
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The UK government sponsored campaign to end the end-to-end encryption. So sad.
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1/ A SCAM YOU SIGNED YOURSELF . Crypto wallet signature and approval scams are rampant. Why does this happen? . What actions can a community take to prevent these scams? . Is this universal: is it specific to Ethereum's design, are other blockchains safer?
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1/ HOW YOUR CRYPTO FUND OR EXCHANGE GETS HACKED. In the light of the recent event of a prop trading firm losing big monies in an old-fashioned Microsoft Word attachment attack, let me sip my tea and try to remember what kind of hacks I have seen over the years. 👇👇👇
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For the reference, EtherScan is asking $1 - $2m/year for the service.
The Avalanche browser Snowtrace website will be deactivated from November 30, and users need to download private name tags and contract verification before the deactivation date. Snowtrace is an Avalanche C-Chain block explorer developed and operated by the Etherscan team. There.
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1/ 🌪️ TEMPEST IN A TEAPOT 🌪️ . or Tornado Cash on the #ethereum chain?. Unpredecent events unfolding. is it about the mastermind criminals, North Korean spies, privacy keyboard warriors or ignorant fools?. Have your ☕ ready. Let's go for a long thread!. 🌪️ 🌪️ 🌪️
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R3, the pioneer of private blockchains from 2014, is seeking an exit because there is no business. The whole private blockchain was an oxymoron in the first place. The business benefits, in the form of cost efficiencies, in public blockchains come from . - Open source (you do
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What I did 12-years-old: learning to code. What I did 20-years-old: learning to code. What I did 30-years-old: learning to code. What I am doing 40-years-old: learning to code. It's a journey.
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1/ SOCIETE GENERALE, A FRENCH BANK, ISSUES A KYC COIN. Crypto community laughs. I don't consider this constructive. While it's not big, it is still a positive wind of change. Let me break down why.
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@YKrynytskyy @Gerashchenko_en Why would Prigo pick option 2 as he likely knows the outcome?.
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1/ The @NEARProtocol, who is the child of the 2018 summer of TPS, is about scale (and journeys that matter). By @ErikTrautman
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Regarding the ParaSwap hack today:. TL;DR: Part of the root cause is Solidity "gas golfing". ParaSwap v6 contracts are heavily gas optimised, written in assembly. Gas golfing is dangerous. For security, it's important for the smart contracts source code to "be easy to reason
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Innovation around the world. - US: How can we create it.- China: How can we copy it.- Europe: How can we prevent it.
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Looks like @avalancheavax knows how to throw a side event. However because weak souls have not yet waken up from the partying last night, I will drink all the booze before anyone arrives here.
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Alchemy, a company that raised half a billion in funding, is asking for Optimism grants. What a disgrace.
I hope Optimism badgeholders in RPGF round 3 are mindful of what constitutes a public goods when voting. It’s slightly concerning to see some of the projects at the top of the ballots who have received significant VC funding or are closed source systems. Comes across less as
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🤬 Unpopular opinion:. All new Ethereum infrastructure, now being rolled out, is stop gap fixing to hide existing issues, instead of fixing the underlying problems. These include:. 🙈 Account abstraction - instead of having proper base layer account model, and fixing the token
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