Bram Cohen🌱 Profile picture
Jul 16, 2020 5 tweets 1 min read Read on X
Today's Twitter hack had a modus operandi more like a disgruntled employee than a professional who does this on a regular basis
For one thing, the scale of the hack was huge, more Twitter itself getting hacked than the individual people, like the kind of access a sysadmin gets as part of their job
Far another, the nature of the attack was very crude, like someone who had read about Twitter and Bitcoin and happened across that access doing the sort of attack they'd think of from reading the news
Now whoever did the attack has maybe a few hundred thousand dollars on a public blockchain which they'll have to somehow launder if they want to use it without getting caught. Any experienced social engineer could easily have used access to even a single one of \
those accounts to trick some large corporation into doing an international wire transfer for a much larger sum of money. More money, no need to launder, no dominating a whole news cycle.

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More from @bramcohen

Dec 3, 2022
OpenAI's chatbot doesn't have much experience in the material world
Don't let OpenAI's chatbot take care of your pets
They seem to be updating it in real time so it gives better answers to specific questions than it did just a few hours ago but sometimes small variations can trip it up
Read 9 tweets
Dec 2, 2022
OpenAI chat has some trouble with the whole 'age' concept
Also doesn't understand even basic formulas
If you keep drilling in to its weasel wording eventually it gives away that it doesn't know what it's talking about
Read 8 tweets
Nov 21, 2022
Good morning everyone. Today's rant will be about analog audio and some truly maddening myths in that field (thread)
There's a persistent myth that as soon as any step in audio processing is digital the entire thing has been reduced to a lower digital quality and that's what you're stuck with. This is wrong.
The truth is that every step of processing, either analog or digital, reduces quality, and each specific process will have its own effects, but the limits of how little quality can be lost are much better when both the inputs and outputs are digital
Read 10 tweets
Nov 19, 2022
There's a myth in the general public that Know Your Customer programs are important for banking. This is incorrect (thread)
KYC has nothing to do with bank auditing and solvency. It is a relatively recent program which is solely for helping law enforcement. To that end it is extremely expensive and ineffective
The thing which really keeps bank together is federal reserve auditing and FDIC insurance. You know, the things which keep them from turning into FTX. KYC didn't start until 1970. It makes up a significant amount of all banking costs with no benefit to bank customers whatsoever
Read 9 tweets
Nov 13, 2022
Something which offends me about SBF is that he's a finance bro's notion of a charmingly autistic founder. He plays that role well because he's a finance bro himself (thread)
Here's the chart of SBF's corporate empire. Nobody sets up something like this without damn well knowing that they're up to something shady Image
Another obnoxious thing is his inability to tie his shoes supposedly being cute. An adult being incapable of tying their shoes is a red flag of someone who doesn't take pride in their work and can't be bothered to do much of anything for themselves
Read 10 tweets
Nov 12, 2022
Someone who has not made major charitable contributions, either through money or deeds, can't claim to be an 'effective altruist' any more than they can claim to be a philanthropist
Someone who's starting out their career and plans to do it can claim that they aspire to be an effective altruist some day, or even have direct plans for it, and if they haven't yet made lots of money that's a reasonable claim
If someone had a plan of making lots of money and using it for charity in the end but their investments never panned out I'm even happy to give them the benefit of the doubt that they would have been very generous
Read 10 tweets

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