Both Matter labs and zksync account get hacked at the same t | yezhang1998 on Binance Square

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Both Matter labs and zksync account get hacked at the same time?

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I was just chatting with a friend about AI vs crypto, and it reminded me of a personal story. I actually made my choice between the two seven years ago during undergrad. I was doing my thesis in a computer architecture lab. There were two directions I could take: 1) Hardware acceleration for AI — a hot, well-established field with lots of prior work and support 2) Hardware acceleration for crypto — a niche area, barely anyone working on it, especially not zk I started with AI. I read the ML books, played with models... and quickly got lost. I couldn’t explain anything. You train a model, tweak some random parameters (epochs, batch sizes, whatever), and out pop some weights. Sure, there’s math behind it, but it often feels more empirical than principled. Trial and error. Black magic. I don't know if OpenAI could have predicted how good GPT would become before it actually worked that well. That lack of mathematical intuition bugged me. I’ve always needed to understand things deeply, to reason about systems, not just observe them. So I switched to the second path. I went all-in on zk, from scratch. I was literally the only one working on it in my department. It was brutally hard, but it felt right. The math in cryptography is fundamentally different. You deal with polynomials, probabilistic proofs, number theory, all things that give you strong, provable guarantees. You know why something works. You can trace every step. There's beauty and certainty in that. Maybe I’m just dumb when it comes to AI — I still don’t "get" how those weights emerge from training. And yes, things have changed with LLMs and AGI becoming real, and I’m definitely curious about the intersection. But regardless, to me, crypto still feels like pure science, elegant and beautiful :)

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It’s impressive that every hack eventually leads to buying ETH… Even the hackers know which chain is truly decentralized and secure, they actually care, since they could lose everything or end up in jail.

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I’m increasingly convinced that Validium-style systems will be key to institutional adoption. It offers: 1) Regulation-friendly privacy at extremely low cost 2) Trustless, permissionless interoperability with other systems ZK enables systems to "talk" to each other in a verifiable and privacy-preserving way. Imagine untrusted banks or fintechs needing to clear and settle — the choice is either a closed, permissioned system (like Hyperledger), or a verifiable, privacy-preserving alternative. Even SWIFT is a system with closed membership. Validiums are the only practical path to the latter. They're the only way to let systems interact securely without needing to trust each other. (Public chain destroys privacy or efficiency, or will have tons of issues with the regulatory side)

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My take on why REV is flawed as a valuation metric for ETH: 1. REV is a vanity metric, like TVL It’s useful to track, but the number alone doesn’t mean much. Take TVL as an example: 10M USDT from one whale is different from 1M users with $10 each, the latter is far more robust. Like TVL, REV doesn’t capture user diversity, retention, or app quality. It’s a shallow metric without context. 2. REV shouldn't be maximized long-term REV is fundamentally a cost to users. As apps internalize MEV and fees approach zero (especially with app-specific sequencers), chains with high REV may simply be inefficient. The most decentralized and credible global settlement layer should aim to secure the most valuable outcomes, not extract the most fees. It will be higher as a valuable economic zone, but REV is just one of many metrics. 3. ETH derives value from network confidence and trust (agree with @ryanberckmans) Key pillars of ETH’s value: > Deep liquidity and scalable social consensus > The most secure base for rollups and modular apps > ~$225B in app capital > ~80% share of real-world assets Other examples: Tron has more REV than Solana but 1/10 the market cap. BTC has almost no fees but is worth $2T. ETH may not be a pure SoV like BTC, but it’s a highly liquid, trusted, and programmable asset. Every rollup settling on Ethereum reinforces its value. Unless another L1 can replicate ETH’s economic weight and systemic trust, there’s no better foundation for an open crypto economy. The ticker is ETH. Other recommend read 1. From @ryanberckmans https://t.co/7jRYuvGTDI 2. From @sassal0x

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(not so) hot take: Traditional payment companies don’t actually want irreversible instant finality. What they need is fast, controllable pre-confirmation. Legacy systems rely on layers like SWIFT, correspondent banks, and clearing houses to handle compliance, fraud checks, and settlement. The delays are intentional. Crypto’s real value is removing many of those middlemen, but not all. To onboard institutions at scale, we need compliant, auditable, and faster infrastructure without forcing everything fully onchain from day one.

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