Noticing things for a living
Joined February 2015
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Bro is reinventing Bitcoin from first principles
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
qecez retweeted
Our enemy: The State.
A crypto holder in France scared off kidnappers by firing a Glock from his window. A court just sentenced him to 30 months in prison.
The case turns on where the attackers were when he pulled the trigger.
The facts, per French press reports:
• The attempted kidnapping happened at La Roche-sur-Yon, in Vendée, on 31 October 2026
• The victim, a 23-year-old identified as Ayman R., fired from a window. He reportedly said he did it out of panic
• The attackers fled without taking him and left behind a vehicle reported as stolen
• Prosecutors first opened an attempted murder investigation and police arrested him
• The sentence is 30 months in prison, plus a 15-year ban on carrying a weapon
Prosecutors called the shot revenge, not self-defense, because the attackers were already leaving. French law requires a response proportionate to an immediate threat, and prosecutors argued that once the attackers were running, there was none.
France has been hit by a wave of crypto kidnappings, and in April 2026 prosecutors charged 88 people in connected cases. A man scared off his attackers, then got prison for the shot.
qecez retweeted
Weekend hack: HackerTube. I was annoyed with YouTube's recommendations so I had Claude filter down 43M comments over 20 years of HN to 6,454 videos that keep being recommended. *Significantly* better viewing experience, ~2 hours with Opus 5.5:
hackertube.org/
- Excellent recs without any logins (state is kept in local browser session)
- Thumbnail is a representative frame from middle of the video instead of the super duper A/B test hyper-optimized user uploads
- Underlying data from the comment analysis as one zip file, point your Claude at it and ask for your own version
- HackerTube Longs ✊
A bit more on the process:
I use Claude Code (desktop app for Mac), Opus 5.5 on Medium effort as my default. I only talk to Claude and have it do everything, the only "manual work" I helped with in tandem was in the browser (reminiscent of MenuGen): 1) I had to create some kind of API key from Google Cloud UI to query YouTube for video metadata, 2) I booted up a VPS box for serving and 3) I bought the domain name. Once the box was up I gave Claude the IP and told it update, secure, harden, deploy and optimize the code, and it did the whole thing.
Many awesome projects that would have normally taken weeks/months even can now be few-shotted for breakfast. What else are we not thinking of.
🚨Scam alert: @build_on_bob is refusing to return my Bitcoin after a failed BTC->USDT swap, despite advertising its service as NON-CUSTODIAL. "Swap reverted. Your funds are safe." Except nothing arrived to the Bitcoin refund address I provided. And then this:
qecez retweeted
With a large family, with boys and girls you get to know them both, and you’re invested in them both. Having a large family precludes certain types of ignorance and solipsistic theorizing. You’re invested in the world in a way that ‘politics’ is obviously a poor substitute for.
qecez retweeted
everyone is FUDDING AI as an attack vector for BTC, but I have to say, the decision to keep the software simple, the attack surface small, and extensively vet every change looks incredibly prescient right now.
if anything, AI hacking the shit out of everything validates the approach BTC Core has taken over the past decade to move slowly and resist adding complex functionality that cryptards said was essential and the absence of which made BTC obsolete.
qecez retweeted
A digital bearer asset is an incredible invention, but as usual, it seems respect will have to be earned the hard way.
I've said for years that altcoins are a liability for bitcoin.
Not because of the risk they pose from a competitive standpoint, but rather the widening of attack surfaces for holders due to the slapdash nature with which they were developed.
I would not hold bitcoin in any hardware wallet, service, or exchange that does business with shitcoins.
Too much complexity, too many vulnerabilities. If you leave the backdoor open, attackers will use it.
AI has lowered the bar for hacking and I think it's long past time we insulate ourselves.
qecez retweeted
BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen:
• $1.45 billion $BTC
• $875 million $ETH
• $234 million $TRX
• $50 million $XAUT
• $1.57 billion $USDT
• $823 million $USDC
• $75 million $WBETH
• $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history.
qecez retweeted
Looking at Binance's Blog "Ensuring transparency":
binance.com/en/square/post/9…
The address:
bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h is their hot wallet address and just got drained for ~17,500 BTC
mempool.space/address/bc1qm3…
A tale as old as Bitcoin itself.
nitter.cf/peterktodd/status/1811…
So about those "dirty" coins that are so "dirty" @VoletCom can't send them back to @giacomozucco...
Turns out @VoletCom spent them, mixing them together with other customer deposits! 😂😂😂
Like, OMG, now all their customer funds are CONTAMINATED!!!
TELL @VOLETCOM YOU DON'T WANT @GIACOMOZUCCO'S FILTHY COINS SPLOOGED ALL OVER YOUR MONEY!!!
ALT Since Giacomo uses joinmarket, he gave me permission to publish the real transaction. One big advantage to using coinjoin!
I'm publicly calling on @build_on_bob to explain how this is compatible with their non-custodial claims and return my BTC.
If a service can take control of your Bitcoin, freeze it based on undisclosed compliance checks, and deny you access to your own funds, users deserve to know that BEFORE trusting it with their coins.
BOB’s refund docs call Gateway “non-custodial.”
But their technical docs say: “the user's BTC lands in the solver's own wallet.”
If a solver can block both payout and refund, what control does the user actually retain?
docs.gobob.xyz/gateway/techn…
BOB’s own FAQ says: “No user is ever left with funds spent and nothing delivered.”
I sent BTC. I got no USDT and no refund. How is that promise consistent with a “regulatory hold” and no stated way to recover my funds?
docs.gobob.xyz/gateway/faq#w…
