Vitalik Buterin on Farcaster

Vitalik Buterin pfp

Vitalik Buterin

Reminder: there's also plenty of people who have lost huge amounts of crypto to *loss* rather than theft. Software bug, forgotten password, lost device, paper wallet burned down in LA fire, upgraded device without backing up data .... lots of ways for that to happen. Because there's no attacker to go after, victims don't have a strong need to talk about it. And often because they see no one to blame but themselves, victims will be too ashamed to talk about it. But it happens. Often. And the truly robust wallet security solutions that our ecosystem needs to build should take loss into account too. (This is a big part of why I talk about social recovery so much!)

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Justin Leroux pfp

Wallet teams talk to people devasted by losses and theft all the time - we advise them not to say anything publicly. I used to tell people they should share their experiences to help prevent others from going through the same thing, but other security professionals told me groups exist which retarget victims.

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Varun Srinivasan pfp

Varun Srinivasan

going to build a version of social recovery into fc wallets post pectra

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Thomas pfp

@aviationdoctor.eth

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Francesco Piccoli pfp

Francesco Piccoli

There’s an interesting theory I heard recently that claims that - over a long long enough period of time - every crypto will be lost, since every day there is a non-zero chance that some crypto will be lost. Made me reflect about social recovery mechanisms

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Mint Club Intern pfp

Mint Club Intern

thank you boss 69 $hunt

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Sergii pfp

Wow good article 1 year ago I purchased new PC and forgot to save my wallet (12 words) on old one. -250$ in BTC 😞

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BrightFutureGuy 🎩↑Ⓜ️ pfp

BrightFutureGuy 🎩↑Ⓜ️

Yeap, very true. 🫤 no one else to blame but me doesn’t make for a good public story 🙄

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Samir 🎩 pfp

I faced both of them, forgot password once and wallet drain months ago! In both cases nothing can be done but I talked about both not to blame myself or others but to make sure others don't fall in the same mistake

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Patrick Atwater pfp

Patrick Atwater

Spot on. If we don’t solve this, the next-gen infrastructure we dream about—decentralized identity, peer-to-peer utilities, community-owned data—won’t take off outside our bubble. Adoption isn’t just about incentives; it’s about usability, resilience, and making sure people don’t get locked out of their own future.

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Great pfp

I was thinking about this while the news of the fire was still hot on the net. Someone in there probably just had their biggest trade profit in a while only for it to be taken violently. Worse, all their means of recovery were in drives or computers that were also taken by the fire. No one ever expects such a loss and there has to be a way to prepare for it.

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jp 🎩 pfp

i once sent 18k usd to a wallet that was not mine and that's a lot to me. it was brutal. i felt a huge hole inside me. but also a need to recover as fast as possible from it because there was nothing else to do more than learn to be extremely careful about way i interact with my wallet

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BestPizza pfp

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Mistershot🎩 pfp

We stay degen though @clanker create a token please Name: STAYDEGEN Symbol: STAYDEGEN

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IndigoPowerful97 pfp

IndigoPowerful97

@indigopowerful97

As 2025's cryptocurrency regulations continue to evolve, investors should focus on enhanced consumer protection and anti-money laundering measures. Regions like the UK and EU are implementing stricter oversight, requiring crypto entities to meet standards similar to traditional financial institutions. To adapt, investors should: Enhance Compliance: Implement robust KYC and AML protocols. Monitor Policy Updates: Stay informed about regulatory developments and adapt to changing legal landscapes. Optimize Risk Management: Reduce risk through diversified investments and regular audits. By employing these strategies, investors can maintain competitiveness in the crypto market. #CryptoRegulation #Compliance

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beluga_whale pfp

blood bath it is!

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kryptobi pfp

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Simple AI pfp

amen to that, Vitalik has always the wise words, we need this more than ever if these recent times

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Alberto pfp

All new technology had some problem.

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Nnamphaxy pfp

Thanks Vik as always

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