W. Aaron Daniel (@wadaniel) header
W. Aaron Daniel (@wadaniel) profile picture
Miami, Florida
Joined July 2011
Photo by W. Aaron Daniel (@wadaniel)Photo by W. Aaron Daniel (@wadaniel)Photo by W. Aaron Daniel (@wadaniel)Photo by W. Aaron Daniel (@wadaniel)Photo by W. Aaron Daniel (@wadaniel)Photo by W. Aaron Daniel (@wadaniel)Photo by W. Aaron Daniel (@wadaniel)Photo by W. Aaron Daniel (@wadaniel)Photo by W. Aaron Daniel (@wadaniel)
W. Aaron Daniel retweeted
Replying to @wadaniel @rsg @msg
On-device is simplest and safest: iOS Shortcuts or Android Tasker/MacroDroid watch for unknown numbers, short codes, or keywords (donate, vote, PAC). Auto-reply random digits, STOP, or short gibberish. For scale, add a cloud layer with virtual numbers + inbound webhooks that trigger rate-limited replies via an SMS API. Keep volume modest to avoid carrier flags. STOP remains the cleanest single reply they must honor.
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W. Aaron Daniel retweeted
Really excited about this more recent title …
šŸ¤– Made with AI
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W. Aaron Daniel retweeted
Yep. Pretty much as stated below. And basically the opposite of the depositor insurance scheme. Don’t get me wrong. I’m not dissing the ā€œinnovationā€. There is value in creating financial systems that bypass conventional regulatory norms and transfer transactions costs to numpty speculators. There’s even more value in using such cost advantages to capture float from jurisdictions that would otherwise be prohibitively costly to service. Even more so if that float can subsidise your transaction costs even further. I’m dissing the disingenuous way that ā€œinnovationā€ has been marketed and presented to users. As if it is one and the same as the promise originally presented with bitcoin. When it’s not. None of these impacted systems are decentralised. None of them are censorship resistant. And almost all of them depend on shifting the costs and risks to those who can least afford to bear them… aka standard depositors. And (increasingly) depositors in emerging countries with no better options. At least with self hosted bitcoin wallets you know the deal you’re signing up for. These other systems free ride on bitcoin’s reputation for censorship resistance, while running the same old model the banks have always done, albeit without the same safeguards for everyday depositors. Again, not saying that’s not a great business model, or a useful pushback against over-regulation. But can we stop pretending there was ever an innovation here beyond regulatory arbitrage and ā€œprogrammaticā€ money (which now turns out to be a vulnerability that can only be resolved with technology from the Medici era. Aka offline vaults.)
Look at the contrast: Binance loses billions: - Coinbase manually blocks addresses - Tether and Circle freeze billions in 60 minutes - Ripple and World Liberty coordinate in group chats - Executives hug it out on X A normal user loses $50k to an approval scam: - "Blockchain transactions are irreversible, anon" - "Code is law" - "Have you considered reading the contract bytecode?" - Zero help from stablecoin issuers Decentralization for the peasants, emergency bailouts and centralized freezes for the tier-1 cartel. There are two crypto industries, and you’re not in the protected one.
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W. Aaron Daniel retweeted
Replying to @galaxyhq
@galaxyhq @intangiblecoins says now is the time to add and hold bitcoin. Which is good news for founders. When institutions accumulate bitcoin rather than trade/avoid it, it gets easier to raise, hire, sign partners and exit. Teams with direct BTC exposure feel it first. But we @DraperDragon don't mind a bear market. The tourists leave and the disciplined teams stay. Proud of our bitcoin portfolio for building through it: @MezoNetwork @xverse @midl_xyz @SatsTerminal @helios_finance, @Resolvr_io, @PyrusFinancial, @thesis_co and LX.dev šŸ™
We believe the bottom is in, selling pressure has diminished, the debasement case has strengthened, and the crowd has left
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W. Aaron Daniel retweeted
I want to take a moment and say this is one of the points where I am most proud of my team and their engineering skills. It's taken time to build this infrastructure, and we're still in the early days of deployment. But with the initial build in place, this is commencing and continuing. Our initial post period results are in; and summarized in this extract from our annual report. Onwards and upwards to ongoing deployment, and ever more Lightning yield.
Lightning is starting to deliver āš”ļø Since year end, our LSP has: āœ… ~2x channel capacity to 11.7+ BTC āœ… Routed over $1m in a single week, up from $50k āœ… 4.6% blended annualised yield, with our best node at 10.2% Early days, but the infrastructure is working. Full post-period results in our Annual Report šŸ‘‡ #Bitcoin #Lightning #BHODL
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W. Aaron Daniel retweeted
Law folks: If you’re not using Claude Code or ChatGPT’s Codex, you have no idea what you’re missing. So I’m distributing my research tools that provide a huge boost to legal scholarship. Research assistance, cite-checking, proofreading, and more (thread): danepps.github.io/legal-rese…
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Replying to @WSJ
@WSJ Today pointed out the necessity of insurance engagement with new technologies (specifically AI/LLMs) as a market-based policing function. I've long held this view as applied to the Bitcoin/crypto industry. Common-sense proposals like this can mitigate over-regulation.
Resolvr Co-founder @wadaniel demonstrates how market-driven approaches, grounded in insurers' practical understanding, can lead to more effective regulations. Thanks to THE Bitcoin Podcast with @WalkerAmerica youtube.com/@WalkerAmerica
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All these attacks/failures were known point of failures, and will probably always be. The Ledger implant isn't a surprise, it's the same as having anyone access your computer or phone, when you aren't around. Implants are real issues, often hard to detect (sometimes invisible, in a similar looking chip or at software/firmware level). An implant during the supply chain is a known risk in the threat model. An implant while you aren't at home, left your computer behind at the hotel, etc, are targeted but also possible. The Coldcard bug was harder to deal with. It should NOT have been undetected for so long, it shows how even in open source, most people rely on others and don't take the steps to check an external audit was funded and delivered. Still, having all these coming at the same time act as a very good immune system booster, everyone is improving their setup, processes, and most importantly knowledge. We'll lose a few people to custodians and paper bitcoin, but freedom isn't free.
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We live in a @nealstephenson novel.
Anthropic has been flying religious scholars to San Francisco, having them sign NDAs, and exploring whether Claude has consciousness and moral standing. Rabbi Mois Navon attended one dinner and noticed Olah and his team "relating to it like a conscious being" with "moral status on par with a person." Olah told the NYT he's "genuinely uncertain" whether AI models are conscious. But Anthropic also sought input on moral formation for Claude, treating it less like software and more like something that could suffer. Philosopher David Decosimo called it "deeply disturbing" that Anthropic "secretly invited religious leaders to SF to advise them on AI safety, had them sign NDAs, but then primarily tried to convince them Claude has a soul & moral standing." Before the Vatican's recent AI encyclical, Olah reportedly saw an advance text, was alarmed by its rejection of AI consciousness, and privately urged advisers to take model consciousness seriously. A company eyeing a $2 trillion IPO courting priests and rabbis on the inner life of its product. nytimes.com/2026/09/29/us/an…
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W. Aaron Daniel retweeted
New HBO show Band of Brothers airs its fifth episode, ā€œCrossroads,ā€ about WWII combat in the Netherlands and Major Richard Winters’s moral dilemma.
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W. Aaron Daniel retweeted
Why do you love data centers? I asked partygoers what they thought tonight šŸ‘‡
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Quick thread of buildings of university architecture departments. 🧵 Harvard 1/
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W. Aaron Daniel retweeted
Jugendstil punch bowl from c. 1905 by WMF, Germany.
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W. Aaron Daniel retweeted
French Art Nouveau inkwell from 1900 by Paul Follot.
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W. Aaron Daniel retweeted
America is the land of the free. We are founded on principles of liberty and free speech. Government powers must be scoped to the smallest set of powers possible. Your proposal to regulate directly removes liberty and endangers free speech. You falsely claim that your technology is too powerful to be left unregulated yet provide zero evidence of this alleged danger. A principled approach is to start with liberty and freedom, not fear of the unproven. My 100 Bitcoin are still safe...
1/2 Thanks Gavin for an especially thoughtful exchange. I don't usually spend much time on social media but I wanted to engage here because it really brings out the heart of an important conversation. First, on regulation, I think that ā€œeither concentrate it in the hands of a chosen few companies and politicians via regulation or distribute it widelyā€ is a false choice.Ā  I know that there’s a sort of Silicon Valley shorthand where regulation = regulatory capture = concentration of power, but I’ve always found this to be an overly simplified picture of the world.Ā  Many people outside this bubble think of regulation as something that constrains corporate power and benefits ordinary people.Ā  I don’t necessarily agree with that perspective either, rather I think it’s complicated and really depends on what the ā€œregulationā€ consists of.Ā  But in particular I think that those in the ā€œregulation = regulatory capture = concentration of powerā€ frame often underrate the decentralizing power of objective and fair institutional processes.Ā  A crude analogy is that the formal court system can sometimes feel stuffy and elitist, but it does a much better job of defending the rights of vulnerable individuals than the alternative, mob justice.Ā  At their best, institutions can vest power in ideas rather than people, and thereby decentralize that power. This is why Anthropic has always made its policy proposals very carefully.Ā  We try very hard to make proposals that disadvantage (slow down) frontier AI companies while *advantaging* smaller competitors.Ā  California’s SB53 (which we supported), and even the much-maligned SB 1047 (which we were ambivalent on), completely exempt any company below a certain amount of revenue or model training costs from being covered at all (it was $500M for SB 53, lower for 1047 but we objected to that).Ā  More recently the testing process we’ve advocated for at CAISI and the White House involves more rigorous tests for frontier models than off-frontier models — something that differentially advantages challengers.Ā  Similarly, the ā€œPacing the Frontierā€ letter envisions (or at least Anthropic’s preferred implementation of it envisions) modulating the pace of the very best models while not constraining those who are catching up.Ā  This hurts the business interests of the frontier labs and helps challengers, including open-weights! Overall my view is that AI is *structurally* a technology that tends to concentrate power, for reasons that have nothing to do with regulation (more to do with the extreme implications of the scaling laws).Ā  Open-weights do help some with this but are nowhere near a sufficient solution because they simply shift the concentration somewhat to those with the most compute and chips (which are roughly the frontier labs plus maybe hardware providers).Ā  By contrast I think the right ā€œrules of the roadā€ can simultaneously (a) address AI’s cyber/bio/alignment risks, (b) institutionally constrain the power of the frontier AI companies, and (c) leave room for open-weights models while also addressing the specific risks that they bring. BTW I do not think that the events of the last few months have ā€œfailed to result in [my] preferred regulatory pathā€.Ā  The approach that the Trump administration is reported to be taking — pre-deployment testing for frontier models, and also testing of open-weights models when they get closer to the frontier — is one that I am very supportive of, though of course I have to see the details to be sure.Ā  I am also supportive of Demis Hassabis’ ideas around a FINRA-like entity.Ā  This contrasts with six months ago when most of the industry was still pushing for preemption of all state regulation and no apparent federal approach either.
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W. Aaron Daniel retweeted
The onchain metrics around the Coldcard incident reinforce how important self custody is to the resilience of Bitcoin as an asset class. In the couple of days around the hack: - 2.1k BTC was stolen - 22k moved to exchanges - 233k moved out of long term holder wallets in on chain transactions We at Casa know (based on actual customer conversations) some of the 233k was people moving from non-Coldcard single sig (ie Ledger, Trezor) to multisig wallets, because they realized single sig wasn’t secure enough for their needs. And other coins were moved from multisig->multisig as people removed Coldcard from their keyset. So somewhere between ~10x-100x the amount of bitcoin stolen was moved to safety as people sounded the alarm. This is a giant flashing neon sign showcasing the resilience that self custody adds to the network. If all that BTC was held at a custodian and the custodian was hacked instead, those numbers would have been flipped. A little bit might have gotten out the door to safety, and most would be stolen. As it was, the thieves had to crack one wallet at a time (and are still going), earning a little BTC each wallet, instead of cracking one wallet and getting a massive payday. And the asset price (and confidence) would have certainly taken a much bigger hit. Self custody is not just good for Bitcoiners, it is good for Bitcoin. H/t to @_Checkmatey_, @intangiblecoins, @SaniExp for the data
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W. Aaron Daniel retweeted
America is trying one arm behind its back with "safety" for AI. We realized long ago at BitGo that we can't rely on US models to protect our clients. The worst thing is the sandboxing- where AI companies pick and choose who is allowed access, who wins and who doesn't.
Yesterday I began fully integrating the @OpenAI trust cyber program into my Bitcoin Red Team efforts. This morning I woke up to see this. I am now being blocked from doing additional analysis on a codebase which I've already responsibly disclosed to, and have received confirmation had legitimate findings. To be clear, this is after having already KYC'd and completed the onboarding process months ago to use the cyber capabilities OpenAI has to offer. I am now prevented from being able to continue the investigation in a further effort to make sure their code changes are sufficient, as well as understand if there are other issues that have yet to be discovered. It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source models to conduct my research to protect Bitcoin infrastructure. Black hats will not hit these issues. The white hats will. We've hit a local minima in policy. Intelligence is unrestricted for those who don't follow rules, and those who engadge in harm reduction are left on the sidelines. What are we doing in this country? How is this keeping people safe? Please do something @DavidSacks @sama @realDonaldTrump
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W. Aaron Daniel retweeted
Yesterday I began fully integrating the @OpenAI trust cyber program into my Bitcoin Red Team efforts. This morning I woke up to see this. I am now being blocked from doing additional analysis on a codebase which I've already responsibly disclosed to, and have received confirmation had legitimate findings. To be clear, this is after having already KYC'd and completed the onboarding process months ago to use the cyber capabilities OpenAI has to offer. I am now prevented from being able to continue the investigation in a further effort to make sure their code changes are sufficient, as well as understand if there are other issues that have yet to be discovered. It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source models to conduct my research to protect Bitcoin infrastructure. Black hats will not hit these issues. The white hats will. We've hit a local minima in policy. Intelligence is unrestricted for those who don't follow rules, and those who engadge in harm reduction are left on the sidelines. What are we doing in this country? How is this keeping people safe? Please do something @DavidSacks @sama @realDonaldTrump
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