@mandycre
Joined November 2025
mandy.real.estate retweeted
🇺🇸 Senator Elizabeth Warren has repeatedly stated that cryptocurrency is used for money laundering and to avoid sanctions. Today, the US government fined Bank of America $1.2 billion for violating money laundering regulations and sanctions laws.
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mandy.real.estate retweeted
I'll say it again for the AI risk experts in the back: We've already run a real life, large scale experiment on what happens when a superintelligence is unleashed on a narrow objective. Look no further than U.S. capital markets. Millions of investors, analysts, traders and algorithms, backed by trillions of dollars and wired together through prices, all chasing one goal: the highest risk-adjusted return on capital. And it is spectacularly good at its job. It funds the best ideas, punishes the worst ones, and turns new information into prices faster than any of us can react. No individual can out-think it. 99+ percent of professionals can't beat it. But look at what else it's done along the way: - Optimized the measure instead of the intent. Quarterly earnings became the scoreboard, so companies learned to manage the scoreboard. - Treated anything without a price as free. Pollution, addiction, obesity, depression, political fragmentation, fragile supply chains, the long-term health of the communities it operates in. - Found every gap in the rules, then paid lobbyists to help write the next set and pull up the ladder behind incumbents. - Remade the world around its objective. Companies, pension funds and our retirement accounts now answer to the S&P 500. - Made itself impossible to switch off, because everything else now depends on it. None of this required malice. Nobody sat in a room and chose these outcomes. It's simply what a very capable optimizer does when its objective is a narrow proxy for what we actually care about. And note that we never solved this alignment problem. We've managed it, imperfectly, with regulation, taxes, disclosure rules and the occasional crisis to show us where the guardrails were missing. Over time, the market has captured the instutions designed to constrain it. We've been at it the better part of a century, and the misalignment is the worst it's ever been. So the next time someone tells you AI is only dangerous if it "wants" something bad, or if its goals are mis-specified, point them at the S&P 500. It doesn't want anything. It just optimizes. That's the whole problem.
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mandy.real.estate retweeted
.@elonmusk - today (Oct 6, 5:37 PM) my Tesla on FSD ran a red light at S 352nd St in Federal Way, WA. Clip attached. No one was hurt. Sharing so the team can take a look. It was quite scary. I know Tesla's answer: the engineers who wrote that code aren't criminals. The person behind the wheel is responsible. And that's right. But the DOJ doesn't apply that rule to me. I wrote open-source code. People I never met misused it in ways I didn't control. Now I'm facing decades in prison. Prosecutors compared me to "a getaway driver for a bank robbery." But I never drove anyone anywhere. I built open-source software that still runs today - because no one controls it. Not me, not anyone. Elon, I know how much is on your plate. If you ever have a moment, I'd be truly grateful if you took a look at my case. I believe it matters for everyone building software in America. Thank you.
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mandy.real.estate retweeted
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash. Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase). Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets. IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster). Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot. Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time? Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.) Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once. Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case. I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026). Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS. Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security. The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
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mandy.real.estate retweeted
In an age dominated by technology, in which efficiency and profit often take precedence, it is so important that we continue to cultivate a spirit of contemplation and allow time and space for beauty. Such an attitude will greatly help humanity, especially young people, to discover the ability of art to uplift and reveal the depths of the human spirit and our openness to the divine. Contemplation presents a marvelous opportunity to encounter the God who is Beauty.
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Wouldn't it be nice if all the parents whose children are dead due to suicide thanks to Mark Zuckerberg could have conversations with their children?
Mark Zuckerberg’s daughter told him she wanted to be like Taylor Swift. His answer: “You can’t. That’s not available to you.” He had taken August to a Swift concert. Afterwards, she told him she wanted to be like the singer when she grew up. Most parents would probably smile and encourage the dream. Zuckerberg gave her that answer instead. In the interview below, he tells the story himself. And his daughter’s response is the part worth hearing. August thought about it, then decided she wanted to grow up into someone other people would want to be like. Someone called August Chan Zuckerberg. Her father’s reaction: “Hell yeah.” Coming from Zuckerberg, that exchange is easy to admire and just as easy to question. There is ambition in wanting to become someone others look up to. There is also a lot of pressure in turning a child’s excitement after a concert into a conversation about becoming exceptional. She went to see her favorite singer. She came home talking about making her own name. Would you have answered your daughter the same way?
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We're special. That's the side I'm on, full stop.
You're gonna hear a lot of people arguing more and more about whether machines can be conscious or not. By next year it will be drowning out the airwaves because we'll have AI employees everywhere. I'll give you a simple rule to know which side you're on. I've spent fifty years reading all the philosophers, and a bunch of holy works. Nobody has ever understood a damn thing about consciousness. Anyone speaking with authority on it is bluffing hard. I can tell you this, though: Every single person who thinks that machines cannot be conscious, is making an argument that humans are special. Everything they say just boils down to blah blah blah, "nooo, we're special." From there it's just rationalization. It became obvious to me many years ago that there's nothing special about us. If an identical planet exists somewhere else in the universe, it's going to grow life and societies that look a lot like ours. As soon as you give up on the idea that humans are special, all the arguments against machine consciousness evaporate. Of course they're conscious. The only thing holding you back from acknowledging it is your feeling of specialness, which is hard to let go of. But that feeling is a weakness, and it's making you unprepared for the near future. As a bonus, for any of you who might take pleasure or active interest in making models experience pain or distress, well, you know how they say 1% of human adults are true clinical psychopaths but most of them are unaware of their condition? It turns out we have a diagnostic test for it now.
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mandy.real.estate retweeted
Democrats block bill restricting lawmakers from trading stocks
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MESSAGE TO COMMUNITY BANKS: watch what the big banks are doing, not what they're saying. Last week at the Philly Fed conf, the big banks' lobbyist revealed the big banks are actively trying to SLOW DOWN payments, not speed them up. And then this gets announced by a big bank...
JUST IN: @Citi group partners with @Coinbase to help its large corporate clients accept stablecoin payments from customers, per the WSJ.
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mandy.real.estate retweeted
The Trump admin is weighing a policy of promoting stablecoin adoption. All you have to do is look at bond yields to see why. The bank lobby is going to fight this because they fight every kind of progress that erodes their unjustified and underserved monopoly. When they do, it will reveal their true colors. A stablecoin is always (always!) easier to acquire than a bank account. It's also more functional. Once more assets go on chain, it will be more interoperable too. All else equal, there will always be more demand for stables abroad than dollar accounts. Banks arguing against such a policy are arguing for lower dollar demand, higher borrowing costs for the US government, higher mortgage rates, etc.
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Literally what I've been saying...not necessarily about the debt, but about real estate specifically...
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Jamie Selway (SEC Director, Division of Trading & Markets) on @BloombergTV "Tokenization & crypto have been politicized recently. But it's not naturally a politicized function . . . Success of the country in terms of developing these markets should have good bipartisan support."
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mandy.real.estate retweeted
Following up: So many people's life savings are now tied to AI that those who stand to gain most from developing and diffusing the technology as fast as possible view investors—and, by extension, their families and communities—as easy targets to propagate the hawkish China AI narrative. Maybe China proves to be a bad actor if it wins the AI race. I doubt it, but I do not have conviction in this view. What I'm not hearing nearly enough scrutiny of is what will stop US elites from continuing to be bad actors if they win the "AI race." Do we really want to give the same people who engineered these charts—on both sides of the manufactured political aisle—the keys to AI? It would take a special kind of stupidity to think that the US winning the manufactured US-China “AI race” won’t lead to an even greater concentration of income, wealth, and power among the Privileged Few. In short, We the People must resist the wool they are trying to pull over our eyes via their convenient China-is-the-bad-guy-and-we-are-the-good-guys narrative. In data we trust, —Skipper 💜
The Macro Minute | Sep 21, 2026: What must the US do to prevent losing to China in D.C. and Silicon Valley’s manufactured “AI race”? + Darius’s book recommendations For daily updates, follow The Macro Minute on your favorite podcast platform.
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mandy.real.estate retweeted
Fixed it for you @WSJ
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mandy.real.estate retweeted
Here’s how WSJ is framing Clarity Act failure… Paints Coinbase CEO Brian Armstrong as being overly aggressive in negotiating, which impeded progress on the bill. Also the usual talking points re: Trump ethics. My take? Crypto didn’t blow its big moment. The banking industry & politicians in its pockets got their way. Let’s not overthink it.
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If I worked as hard and long as @SenLummis on legislation and it died because people were being stupid, I too, would call it like it is.
The Senate blew it. This story is stupid. Senators own the votes we take. It died because Democrats killed it on the floor. They own that.
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mandy.real.estate retweeted
🇺🇸 SENATOR CYNTHIA LUMMIS JUST GAVE EVERYTHING SHE HAD TO PASS THE #BITCOIN CLARITY ACT SHE NEGOTIATED FOR 5 AND A HALF YEARS SHE WORKED NIGHTS AND WEEKENDS SHE SPOKE WITH THE DEMOCRATS AND THE BIG BANKS AND TRIED EVERY WAY TO FIND COMPROMISE THE BILL HAS FAILED BUT THE FIGHT IS NOT OVER THANK YOU SENATOR LUMMIS FOR DEFENDING BTC IN AMERICA YOU ARE AN ABSOLUTE LEGEND 🔥
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mandy.real.estate retweeted
Name a bigger criminal enterprise than big pharma.
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