Last night Ledger accidentally leaked some info on their new recovery subscription service, and today they revealed the details.
Let's walk through their proposed "solution" to cryptocurrency custody and how dangerous it is. 2/ The core premise of the offering is the ability to (supposedly) encrypt shards of your seed phrase into 3 pieces, give over your identity + a selfie recording, and then trust 3 custodians to secure those shards for you.
Here's why that's problematic.
May 16, 2023 • 5 tweets • 1 min read
So excited to finally get to do this, I know that price has been a big factor in people's decisions around securing their Bitcoin.
Self-custody that is FOSS and FOSH from a principled and cypherpunk company just got a lot more accessible.
I work at Foundation precisely because their ethos from the top down is rooted in cypherpunk, pro-privacy, and pro-sovereignty ideals.
We will never compromise on any of these core ideals and have made them clear and cemented them publicly from day one.
Apr 3, 2023 • 18 tweets • 4 min read
A thread on Wasabi Wallet after more digging/research:
First off, please do not connect my joining their Space last week or researching their protocol as lending *any* credence or support for their approach or wallet. I still do not recommend using it in any way.
Digging into WabiSabi has revealed some core issues that should prevent you from considering using it. Note this list is not in any particular order.
1) Wasabi's funding and willing usage of chain surveillance companies puts your on-chain data at risk when you use them.
The goal of this thread (which I'll post weekly on Sunday's) is for discussing the uncertainties, shortcomings, and concerns some may have about Bitcoin.
NOT the positive aspects of it.
Discussing things with a critical thinking approach and level-headed discussion helps us learn where Bitcoin and it's community can improve and go from there. We had a *fantastic* amount of good conversations last week so I can't wait to see this week's!
Nov 5, 2022 • 9 tweets • 3 min read
Tonight the creator of my favorite mobile OS, @DanielMicay, gloated that he weaponized Twitter reports to get my friend Henry's account permabanned and is trying to get @techloreistaken banned as well.
I just... I'm so tired of so much of this space.
You can see my reply here, but @DanielMicay deleted his original tweet after I called him out on it:
If this alleged abuse is actually happening and being done by Henry, prove it and let each of us come to our own conclusions.
Oct 3, 2022 • 10 tweets • 3 min read
1/ So absolutely thrilled to announce that I'll be joining @FOUNDATIONdvcs as Head of Content next week!
My goal from day one is building out the best content and educational material in the space for sovereignty and personal privacy. 2/ I want users to be able to come to Foundation for not only sovereignty tech, but all the info and content they need for a holistic approach to personal privacy as we continue building out our tools and offerings to empower the community.
Oct 3, 2022 • 7 tweets • 4 min read
Bitcoin maximalists are really making it easy to separate those who actually care about freedom and cypherpunk ideals and those who simply want to pump their bags.
Asking for millions of $ in funding to attack #Monero instead of spending it on #Bitcoin privacy dev is disgusting.
If you have useful resources or questions, please reach out!
The goal here is to build a go-to resource that marries the promise of trustless zk-SNARKs with the specifics of Monero's payment protocol to ease potential research and interest by Monero developers and researchers, not to push for implementing zk-SNARKs ASAP.
Apr 21, 2022 • 19 tweets • 6 min read
1/ I'm really tired of responding to lots of comments from DERO people claiming they've solved the worlds problems and scamming people with false marketing, so here's a thread breaking down all of their grandiose claims 👇
2/ DERO claims to be using "fully-homomorphic encryption" to prevent nodes from being able to see transaction information.
Not only is this nonsensical (zk-proofs allow verification without revealing data simply) FHE is absolutely unusably inefficient:
1) Receive privacy is poor 2) Routing cross-network makes privacy of channels poor 3) L1 privacy issues cascade onto L2 to great detrimental effect
One of the biggest paradoxes of Lightning is that cross-network routing *requires* public knowledge of nodes, channels, and channel UTXOs/balances, but LN is being relied upon to "fix" all of the privacy issues of L1.
These problems are not easy to solve, maybe impossible.
Apr 14, 2022 • 5 tweets • 2 min read
Looking more and more like exchanges are paper trading #Monero and lying about how much they have to customers.
Opt out, get those keys off exchanges and actually own your $XMR: