Bitcoin's proof of work has done around 2^96 hashes over all time. Breaking the ZKP's in Zcash requires a minimum of 2^120 elliptic curve operations assuming ECDLP. If you had a dedicated ASIC, an elliptic curve addition would cost around 10-100x more than SHA2.
So today breaking an Elliptic curve would cost around 1 billion Bitcoin-hashrate equivalents. AKA a billion times the hardware buildout of all Bitcoin mining ASICs, dedicated to break this.
If a hypothetical billion X improvement came in, you'd need a chip buildout on the level of bitcoin mining before you can break anything. While competing against all the hyperscalars for fab-space.
AKA plenty of warning time, for a recovery process that takes a couple day response time max.
climbcode retweeted
JUST IN: $STONK HAS BURNED A HIGHER PERCENTAGE OF THEIR TOKEN SUPPLY IN 7 WEEKS THAN PUMPFUN HAS IN 140 WEEKS
STONK: 16.9%
PUMPFUN: 16.76%
climbcode retweeted
gLONG some updates:
1. We entered a sprint where we are going to push a bunch of fixes on the webapp over the weekend (faster loads, wallet connection fixes, trading, and generally making the experience on long much smoother)
2. We are also going to push "PVE" feats like ticker locks much further the goal is to make sure an average trader on LONG will never get into a pvp (not just the same ticker but even similar semantics, images etc) this is more like a dynamic proactive approach a cybersecurity team would take your ability to counter threats is mostly a byproduct of how fast you can tweak stuff in an evolving adversarial environment.
3. VERY important I already went on calls with a bunch of teams and am reaching out to more of them. LONG is not a launcher but an incubator our goal is to make sure top pairs and their teams have a clear direction around how to differentiate themselves and build a unique offering (think the YC of RWA pairs where every pair is like a startup that needs to build its own moat) will get to more teams stock by stock.
4. Once we get onto stable ground we will start pushing very aggressively on new feats including more compounding flywheels for AI and other pairs. BUT I do think flywheels (aka meme fi) work the best when dist is getting stronger. This is why I'm spending time getting on pods spreading the msg.
There is still an extremely big pocket of sideline capital within crypto that can be onboarded into LONG.
Hopefully within the next few weeks we can start breaking out of CT native dist and start onboarding completely net new flows this is the main way I think about "PVE" making the pie bigger and it has been our north star since day 1 (the thesis is that stock pairs are a new form factor that can break out of CT)
This will be the 1-1000 moment for LONG.
climbcode retweeted
Tokenization is coming to America.
Thanks to the SEC’s leadership, Americans can start to reap the benefits of tokenization: instant settlement, 24/7 trading, fractionalization by default and more. It’s a good day for US innovation.
Robinhood supports the @SECGov innovation exemption.
Americans deserve access to crypto technology and all of the financial innovations it makes possible, including instant settlement, 24/7 trading, and fractionalization by default.
climbcode retweeted
In-kind redemption and voting are coming for Robinhood Stock Tokens
With Stock Tokens TVL reaching over $170M and nearly $50B in DEX volume on the Robinhood Chain, we are getting more questions about what they are and how they work.
All Robinhood Stock Tokens are backed 1:1 with real shares in secure custody. And Stock Tokens receive the economic equivalent of dividends and corporate actions returns reinvested into their holdings.
In other words, when a new Stock Token is minted, we buy a real share of the company at the same time.
What about in-kind redemption and voting rights? Not yet, but they’re coming. Step one is to scale adoption of Stock Tokens. We’re actively working on redemptions for shares 1:1 with voting for eligible Stock Token holders on the roadmap. We know how to do this well: we run a shareholder engagement platform, Say by Robinhood, which allows shareholders to participate in actions like voting.
What about the technology? We built Stock Tokens to be composable, which allows developers to build new innovative offerings like we have seen the past few weeks, with many that we have yet to discover.
What am I the most excited about? Billions of people in the world don't have access to U.S. investment assets. With Stock Tokens, that era is ending. Any eligible customer with a phone and an internet connection can now get exposure to the most exciting market in the world.
climbcode retweeted
$MOO is trading like people just realized Nate is working directly with the team on their tech stack...
Wait tech stack?? I thought it was just a silly meme!
Last time we saw this level of effort from Nate/Long on a token it was artificial-inu-3:native. Do what you will with that.
climbcode retweeted
Received DMs asking what the memory cow is gonna do with the $MU in our vault. It has been planned since LONG ago
It will be curated as the onchain $DRAM, i.e. more memory stocks will be added to the basket.
The memory cow strongly believes that tokenized stocks is only step 1 to get degens invovled, and the various products built on top it, e.g. ETFs, are how RWA can experience what 2021 era of DeFi has experienced.
$moo holders own this vault, and have a claim on it. But it won't be something boring, that's all the memory cow can say🐮
The game hasn't changed - Memory Supercycle.
Hoard the memory chips
Moo that🐄🐄
climbcode retweeted
robinhood chain making $2m a day and paying like $15k for da fees and then 10% to arbitrum is insane margins for their company
that’s like $700m a year at current volumes
I think Vlad likes this and will want to try to 100x this
game on 🐮🐮🐮
climbcode retweeted
*Warning* (VERY STRONG), Retweet this to let the Universe send you money, Huge Amounts of money very quickly.
888.
climbcode retweeted
one nation, under god, united by memes
$PEPE




















