How OpenAI's Math Dump Has Crypto Rethinking Its Cryptography: Uneasy Money

Justin Drake told holders not to panic. Ben DiFrancesco says if AI weakens elliptic curves, the clock is how fast Chinese models catch up. ======================================================== Thank you to our sponsors! Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at ⁠⁠⁠⁠⁠⁠⁠http://unchainedcrypto.com/go/1inch-sn⁠⁠⁠⁠⁠⁠⁠ ======================================================== Quick favor: We’re deciding what Unchained does next; new shows, stream times, what’s worth paying for. ⁠⁠Our listener survey⁠⁠ takes five minutes, it’s anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18. — Laura ======================================================== OpenAI released 722 math papers, and Justin Drake followed with a "don't panic" tweet suggesting large holders consider moving funds, setting off a wave of speculation that elliptic curve keys might soon be easier to brute force. Ben DiFrancesco, Founder and CEO of ScopeLift, joins Kain Warwick, Taylor Monahan, and Austin Griffith to separate rumor from risk. DiFrancesco puts low odds on the rumors but argues crypto would get hit first, patch fastest, and could leave traditional finance as the worse place to hold money, with Chinese open-weight models setting the clock. Monahan untangles the 0.36 ETH MetaMask staking incident that got pulled into the speculation. They also cover ZachXBT's undercover investigation of a DPRK money launderer, the NEAR Intents hacker sending funds back, and a push for Swiss authorities to intervene at Safe. DiFrancesco closes with a warning for token teams: the regulatory excuse for skipping value return is going away. Hosts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Kain Warwick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Host of Uneasy Money and Founder of Infinex and Synthetix ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Taylor Monahan⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Co-host of Uneasy Money and Security Expert ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Austin Griffith⁠⁠⁠ - Co-host of Uneasy Money and Builder Enablement at Ethereum Foundation Guest: ⁠Ben DiFrancesco - Founder and CEO of ScopeLift Timestamps 🔐 01:57 Why Justin Drake’s ‘don’t panic’ tweet has crypto eyeing its cryptography 🦊 06:12 Taylor on the MetaMask staking incident and the 0.36 ETH that tipped it off 🧮 14:03 Ben on why even a worst-case ECC break wouldn’t mean instant theft 🏦 20:04 Why Ben thinks TradFi, not crypto, could be the worse place to hold money 🤖 25:02 How AI models went from flubbing 2+2 to formalizing hard math 💧 30:45 1inch: See how LPs can back multiple positions with one token balance at http://unchainedcrypto.com/go/1inch-yt 🔙 31:49 How the NEAR Intents hacker ended up sending the money back 🕵️ 37:07 ZachXBT went undercover with a DPRK money launderer: what he found 😤 51:25 Why instant outrage is the tell for launderers and Sybil farmers 🏗️ 56:11 From Gnosis’s 2017 ICO to Safe, the multisig securing $100B+ ⚖️ 01:02:23 The push for Swiss intervention at Safe and what it actually claims 🗳️ 01:08:12 Ben on how regulatory fear warped DAOs and why value return matters now 🧱 01:17:12 Blast and Abstract shut down: too many L2s, and never build a wallet Learn more about your ad choices. Visit megaphone.fm/adchoices