BEN retweeted
Today a crazy quantum story just got wilder.
On March 31, the Google Quantum AI team published a landmark result on Shor's algorithm for elliptic curve cryptography. Technically, the paper was a bombshell: a dramatic 10x improvement over the state-of-the-art. As a stunt and wakeup call to the blockchain space, those optimisations were illustrated on secp256k1, the elliptic curve underlying Bitcoin and Ethereum signatures.
But perhaps the most striking part of the paper was sociological, not technical. Instead of following standard academic process, the optimisations were kept secret, hidden behind a zero-knowledge (ZK) proof. Google's accompanying blog post mentions they "engaged with the U.S. government". The ZK proof demonstrates the existence of algorithmic improvements without leaking details. Academic censorship with ZK, a historic first!
As a co-author of the Google paper I witnessed some of the context surrounding this censorship. To be honest, multiple aspects of that context don't sit well with me. As much as I believe the general public ought to know more, I am limited in my ability to whistleblow. Though let me be clear about one thing: the Google team's professionalism has been absolutely exemplary, and they deserve nothing but praise.
Censorship has a way of backfiring. The Streisand effect, where an attempt to bury something only draws more attention to it, is exactly what's unfolding today. First, Google's key optimisation has been rediscovered by the French. And in a thrilling turn of events, a collaborative Shor-at-home challenge just launched. The initiative, available at ecdsa[.]fail, breached a new Shor world record in a matter of hours.
Let's start with the rediscovery. Just two months after Google's paper, French quantum expert André Schrottenloher cracks the main secret optimisation. His paper, titled "Optimized Point Addition Circuits for Elliptic Curve Discrete Logarithms", landed on the arXiv today. Big congrats to André, who beat several other nerdsnipped experts to it. In a blog post also published today, Craig Gidney, the world expert on Shor optimisations, revealed that he'd been sitting on this very optimisation for a whole year under censorship pressure.
Interestingly, André missed a handful of minor optimisations, both from Google's original publication and from improvements found since. It's plausible there's still plenty of juice left to squeeze out of Shor, and this is exactly what the ecdsa[.]fail challenge is about. The verifier program developed for the ZK proof does double duty, automatically filtering for valid submissions. Dozens of compounding small and micro improvements are rolling in. As of the time of writing there's an 8.4% improvement to Google's circuit, as measured by the product of logical qubit count and Toffoli gate count. Nice!
The nerdsnipping ran deeper than anyone expected. Over the last few weeks it became clear it extended well beyond André and other quantum experts. Behind the scenes, a small army of amateurs quietly got to work. Inspired by Karpathy-style autoresearch, they turned AI on Shor. Ironically, the verifier program for the ZK proof makes an ideal reward function for AIs. The barrier to entry for this modern style of research is refreshingly low, with several non-experts, even a teenager, finding nice optimisations. Get in touch if you'd like to join a Telegram group with fellow autoresearchers :)
Part 2: neutral atoms and qday
The story doesn't end with Google. On the same day Google went public, a stealthy startup called Oratomic published its own Shor paper in a coordinated release. It made a splash, ultimately becoming the most upvoted paper on scirate[.]com, a website ranking arXiv papers.
Oratomic's claim was wild. By building on Google's logical optimisations and applying custom physical optimisations for neutral atoms, they claimed just 10K physical qubits were sufficient to run Shor's algorithm on secp256k1. That number is mind-bogglingly low.
Knowing essentially nothing about neutral atoms when Oratomic's paper landed, I was intrigued and decided to learn more about the tech. I fell straight down the rabbit hole and spent a couple hundred hours on the topic. I got a little obsessed and watched every YouTube video I could find and spoke to a bunch of experts.
My conclusion? The tech is real, very real. Even Google recently decided to start a neutral atom lab, a notable pivot from their sole focus on superconducting qubits. If you care about qday, i.e. the day a quantum computer will break the first piece of cryptography in production, neutral atoms demand your attention. I shared some of my learnings on Shor and neutral atoms in a 30min talk at the ZKProof cryptography conference. You can find it on YouTube by searching "zkproof neutral atom".
Here's an interesting observation about this duo of breakthrough papers: neither Google nor Oratomic say a word about what their results mean for qday. No timelines. Zero. Nada. That is especially baffling given that the whole point of whitehat quantum cryptanalysis is to inform qday estimations and help the general public make good decisions.
So let me attempt to partially fill the silence, similarly to what Scott Aaronson did in his April 29 post. Given everything I know, including scary non-public information, I now put the odds of qday by 2032 at 50%. 10% by 2030.
Anecdotally, the US government has its own date: 2035. Originating at the NSA and later adopted by NIST, it's when branches of the US government will be disallowed from using quantum-vulnerable cryptography. In plain language: with hindsight, that date is a joke and should be discounted entirely. I don't see how NIST avoids being forced to pull it forward by years.
Part 3: post-quantum cryptography
There are good reasons to sound the alarm today, but please do not panic. Rushing carelessly towards immature post-quantum cryptography is a recipe for disaster. IMO a good target date for migration is 2029, roughly 3.5 years out. 2029 happens to be the date selected by Google, Cloudflare, and the Ethereum Foundation.
These days most of my time goes to safely migrating Ethereum towards post-quantum cryptography as part of the broader lean Ethereum effort. There's a lot to do. We need to rip out and replace BLS signatures at the consensus layer, KZG commitments at the data layer, and ECDSA signatures at the execution layer.
The plan to get there is compelling, and is based on hash-based cryptography. Within the Ethereum Foundation we've developed a Swiss army knife called leanVM (github[.]com/leanEthereum/leanVM) powered by the magic of hash-based SNARKs. Thanks to truly exceptional work by Emile, Thomas, and others, its performance is derisked. Regarding security, leanVM is a jewel, a minimal zkVM crafted for end-to-end formal verification and maximum security.
Want to help? There are two $1M initiatives. First, the Proximity Prize (proximityprize[.]org). Solve a long-standing mathematical conjecture in coding theory, improve hash-based SNARKs, and go home a millionaire. Second, the Poseidon Initiative (poseidon-initiative[.]info), offers $1M for breaking Poseidon, the SNARK-friendly hash function.
Replying to @FlippingProfits
It’s become the equivalent of a full time job. Sit at desk, click buttons for 12 hours to hit your quota, wake up do it again.
The fun is gone, the dream of holding a coin to 8, 9, 10 figs has gone. And if you do dare to dream you’re brought down to earth pretty quickly.
BEN retweeted
Me having to start selling all of my beloved pokemon cards because all of crypto twitter has decided to start tweeting about them
This might be the vibe for 2026.
The market is extremely anxious about rerating entire sectors of the economy. If you can stay long with optimal asset selection and minimize drawdowns, you win the year.
Let the market guide you to what's working and be patient.
BEN retweeted
The vibes at this time exactly 1 year ago were so different
> Trump had just won the elections
> BTC mooning into price discovery, breaking past the prev ATH of 69k and getting into the 80k/90k areas for the first time.
> "The road to 250k is the easy part"
> The level of optimism for the space was ATH, tons of future catalysts for the space to look forward to
> A pro-crypto campaigning president had won!
-Promises of a future SBR, govt is going to perpetually pump our bags!
-Promises of new SEC rules and crypto regulation reform to make America the crypto capital of the world. Gary Gensler was going to be "fired on day one" - Trump
-Lawsuits/enforcement actions against current players would likely be halted/stopped and wouldn't happen again (coinbase/uniswap/XRP/etc)
-More crypto ETFs would likely pass easily now
Now fast forward to now... well everything people were looking forward to is all played out now. The DAT ponzi even came and now they've run out of money and many are likely to see mnav drop below 1. Some have even started selling a bit.
There aren't any catalysts to look forward to. Optimism is so gutted compared to the vibes from a year ago.
Just think about how people are feeling now and how they were feeling exactly 1 year ago while looking at the charts.
We had all the catalysts in the world and if you weren't holding BTC or the right alts you basically got destroyed.
Personally I did extremely well in 2025 by hypergambling on all the newest dogshit and being a super jeet. I never believed in anything for longer than a few days except for Hype + ETH which I eventually sold a few months ago.
The top of the entire space really did feel like when Trump launched his solana shitcoin. At the very least, it made selling Solana near the top pretty easy.
"What can even top a Trump shitcoin?" - Adin Ross
Now what? What comes next? What are people looking forward to and how are you staying bullish?
People have been saying "no more cycles" but it really feels like exhaustion now and that the 4 year cycle might actually play out (with less BTC drawdown than before probably).
pic from @bigbasedben
BEN retweeted
Fantastic to see this….
Automated $ support that ties the energy of the digital asset community to causes that deserve funding … but that may not fit the traditional charity model or vanilla VC funding template!
Happy Birthday $developer token! You are two months old today, and growing strong.
- $32M in transaction volume
- 1376 holders
- approaching half a million dollars in donations for @DeveloperCamp_
- enabling real-world change with grants and events
Proof of a new model for nonprofit fundraising. Go go go!
jup.ag/tokens/B8YVF2CA2hv2Ln…
BEN retweeted
Kinda hard to not believe in cycle theory with PA like this at the time the traditional end of a cycle would be
BEN retweeted
The Vanish Public Beta is live.
Today, Vanish enables instant private trading on @Solana built with integrity, speed and protection.
Trade any Solana token, shielded from copy traders, front-runners, and strategic exposure.
Join now, access is limited <Vanish.Trade>
BEN retweeted
1000x more tokens since pump launched
1000% higher daily token inflation
0.1% of them get listed anywhere
20-50% of that supply goes to MMs, launchpads and CEXs for price discovery, who don't give a shit about dumping when they need the capital
Broken system
BEN retweeted
If you want to feel rich, count the things you have that money cant buy.
Thank you @0xTheBigBlue.
BEN retweeted
the cold truth about yesterday:
It was an unpredictable event, the same way that the FTX blowup was all things considered an unpredictable event.
People with great risk management, or running hedged positions, got run the fuck over and blown up for a substantial amount of money.
It really fucking sucks, there's some element of "skill issue" to getting liquidated on a day like yesterday, but honestly it's not the "skill issue" you think it is
the truth is that USDe operated the way that it should, it was fully redeemable the entire time, it never had a reason for it's value to go below $1.00, this wasn't a greed issue with people using some risky ponzi as collateral, there's a reason that aave hardcodes the value of USDe at $1.00, because it is verifiably collateralized (overcollateralized now)
I guess what I'm getting at is, yesterday simply becomes another reminder that the reason we are able to make outsized returns, is because you have to prepare for not only the unexpected, but the unimaginable
I know some of you likely weren't around when FTX went down, but the notion of that occurring was so fucking unimaginable, BIG REPUTABLE accounts were posting things like
"Can't wait to get my airdrop for depositing to FTX during the FUD"
99% of people who claim they "knew" FTX was going to go down just wanted the hindsight clout.
Yet, these occurrences while unimaginable, are the types of things that we MUST prepare for as traders with money in crypto.
At the end of the day, if you have more than $0.00 and a will to win, you are not wiped out, you're simply restarting, and this is what I consider an "Honorable" defeat, where I believe the recovery from a blowup is admirable and something we should strive to glorify.
BEN retweeted
12. Finding and taking excellent trades is not the hard part.
The hard part is trying not to do anything stupid in between them.
BEN retweeted
I was feeling happy and optimistic about the future but then I remembered that I am British




















