Tyler

Bitpush Column · 6 articles

Web3 Survival Manual 01 | What's the difference between private key/mnemonic words and wallet passwords?

If you forget your wallet password, you won't necessarily lose your coins; once the mnemonic words are leaked, it's really dangerous. Author: Tyler Tyler usually answers questions to some friends who are new to Web3, and has also encountered all kinds of problems. For example, some people ask, “Can I recover my wallet if I mistakenly deleted/forgot my password?”; there are also people who keep screenshots of mnemonic words in an album and think it doesn't matter if you don't send them to others; there are also people who haven't been able to tell the difference between a trading platform account and a wallet they've downloaded themselves. These questions seem basic, but in reality, many people who have used wallets for a few years don't necessarily really understand them. Therefore, I'm planning to launch a new “Web3 Survival Handbook” series to try not to use dark words, and focus on issues that seem small but are actually really important to help everyone understand and use Web3 step by step. This article is the first part of the “Web3 Survival Handbook”. Let's start with the most important things: private keys, mnemonics, and wallet passwords. What's the difference? 1. Remember one sentence: There are actually no coins in the wallet. Many people think that their BTC, USDT, ETH, or other tokens “exist in the wallet.” Strictly speaking, however, the assets are not in the wallet app, but are recorded on the blockchain. In other words, the wallet you use, whether it's MetaMask, OKX, SafePal, TP, or imToken, is more like a set of tools to help you keep your keys, rather than a safe for storing assets: the blockchain records how many assets an address has, and where those assets have been transferred; the wallet is responsible for helping you keep the “key” to this address and help you complete the transfer of assets to and from this address; for example, when you transfer, exchange tokens, or authorize an on-chain application, the wallet will call The private key stored internally signs this operation, which is equivalent to proving to the blockchain that the person controlling this address actually agreed to perform this operation. Therefore, the wallet app is not a safe with coins; rather, it is more like a box containing keys — what is really valuable is the key (private key) inside rather than the box itself. This also explains two things that many people don't understand: even if the original wallet app goes out of business, is removed, or accidentally deleted, as long as you back up the correct private key, you can download another wallet, re-import the private key and restore it, because currently the industry is based on the same set of technical standards, and the import logic of each wallet is interoperable. If you put the same key in a different box, the lock can still be opened; if the private key is taken by someone else, even if the phone is still in your hands and the wallet app is not deleted, others can still transfer your assets — because others can import this key into their own wallet However, blockchain only recognizes the key, and who doesn't recognize the key; 2. What is the difference between private keys, mnemonic words, and wallet passwords? Since private keys are so important, what are mnemonic words? In fact, mnemonic words appeared mainly to make it easier for ordinary people to back up their wallets. Because the private key is a string of characters randomly generated by the system, and it is long and messy, manual backup is easy to miscopy, and it is almost impossible for ordinary people to directly remember it. Therefore, the industry has adopted a common set of standards to “convert” all private keys into mnemonic words composed of 12 or 24 English words. In other words, the private key and the mnemonic are essentially the same key, only in a different format. Extend it a bit: theoretically speaking, a set of mnemonic words can derive multiple private keys. For ease of understanding, you can think of a private key as a specific key, and mnemonic words are more like a total backup of a keychain (I also talked about why mnemonics are usually generated from a fixed set of cryptographic assets, and the basic logic behind them; interested friends can take a look again). Most mainstream wallets now allow users to back up mnemonic words when created, and ordinary users are rarely directly required to copy a long list of private keys. However, you can't tell anyone, whether it's the private key or the mnemonic phrase. Under normal circumstances, neither wallet customer service, project party, or trading platform staff will ask you to send him your private key/mnemonic phrase. Anyone who asks you to provide a private key on the grounds of “verifying the wallet,” “removing risk control,” “receiving airdrops,” or “helping to recover assets” can basically be handled directly as a fraud. So what's the wallet password? The wallet password, that is, the PIN code or unlock password set when the app is opened, is only used to unlock the app itself. Similar to a mobile phone screen lock, it's not the same thing as a private key or mnemonic. Everyone can remember one...

60d agoTylermnemonicsecurity

Web3 Survival Manual 01 | What's the difference between private key/mnemonic words and wallet passwords?

Coding's betting panel makes money, but Polymarket really isn't a good place to “arbitrage”

More than half a month, $1,600, 30% + profit, but what this article wants to talk about is not how to make money. Article: Tyler Tyler shared with you a few tools I've coded in the “I Used AI to Build an Investment Workbench for Myself” two days ago: a cross-market asset panel, an investment map, a personal content management desk, and a Polymarket betting monitoring panel that has been used very frequently recently. Over the past half month, I took an actual principal test of around 1,600 dollars, and achieved a profit of 30% +. The real-time statistics on the panel were basically the same as the actual net income. The difference was only about 6U, that is, minor errors such as pending orders/liquidity rewards. But what I want to talk about in this post is actually not “Polymarket is very profitable,” let alone packaged as an arbitrage tutorial. On the contrary, after running this round, I feel more and more that Polymarket is not a good place to rush ahead with the idea of “arbitrage.” 1. First, let's talk about what happened to this panel. I probably started hand washing this panel around May 21st. The initial requirement was very simple. I didn't want to open more than a dozen betting pages every time to switch yes/no prices back and forth, and I didn't want to use Excel to fill in records by hand. Yes, until then, I've always used Excel to keep track of transactions, profit and loss, settlement nodes, and event types, stupid methods. However, everyone who has actually played knows that many bets on Polymarket get out of control because of the poor functionality of the manual entry method: for example, you may just want to buy a little smaller at the beginning, and the odds move and want to add, after all, there is no intuitive feeling; for example, if a certain betting event suddenly changes and the table data is not updated in time, it's easy to miss the stop/increase position window, etc. At the end of the day, the whole process is still too fragmented. When there is no system, it is easy for people to place orders based on emotions. So I built this panel from the beginning to put every bet back into a unified framework, and turn this feeling into a relatively visual and informational presentation that can be compared horizontally. After a few iterations, I split it into two tabs, namely “Position Dashboard” + “Opportunity Monitor”. As the core of the entire panel, the “Position Dashboard” is a set of dynamic systems that can capture real-time PM data and recalculate it, divided into several functional areas (can be compared to the map at the beginning of the article): Overview column: total principal (plan, actual reference value), position value, position fluctuation, total floating profit (including closed positions). Tier level ratio: This is the core risk control module of the panel. It is also the most counterintuitive and most important area in the entire panel. I think it's the most counterintuitive and most important area in the entire panel. Each section details; topic clusters revealed: I make every bet They are all labeled “topic clusters” and divided into East Asia, Middle East, Crypto, US stocks, and pre-IPOs (can be customized). The panel automatically summarizes the share of each cluster and sets an upper threshold of 12% for a single cluster. Why is it designed this way? Mainly to counter the most hidden trap in PM — false dispersion, or detailed in the next chapter; the details of a single position: level, direction, purchase price, settlement price, share, profit and loss, purchase date, settlement date, comments, etc., are clear at a glance, and can be selected in reverse order and filtered by label; “opportunity monitoring” is a watchlist. I will put in the markets I pay attention to but haven't bet on yet. Each market will record several key fields, including the event name (hyperlink with a direct link to the transaction page), T1/T2/T3 hierarchical judgment, current yes/no price, revenue, annualized earnings, changes (customizable thresholds, such as a change of more than 20% within 24 hours, a pop-up reminder as long as the page is open), an observation node I set, and a countdown to the bet expiration date. Here are two small designs that I am quite satisfied with: one is to find the appropriate PM interface and directly throw in the web link to the betting event. It will automatically prompt the yes/no options, the corresponding price, and the classification of different options under the same event, greatly reducing the trouble of manual entry; second, the tier affiliation of the same bet will be automatically rearranged according to the number of days remaining. Not long ago, before Anthropic released Mython, there was an obvious price change in the watchlist. It can basically be judged as a high-probability deterministic event. If you enter the market at that time, you can reap the benefits of about 10 points — there is no watchl...

66d agoTylerPolymarket

Coding's betting panel makes money, but Polymarket really isn't a good place to “arbitrage”

I used AI to set myself up an investment workbench

Cross-market asset panels, PM betting monitoring, investment maps, and personal operation desks are all elementary, but very easy to use. Author: Tyler Tyler For the past half month, I've been a bit addicted to Vibe Coding. It wasn't an addiction to “I want to make a great product,” but I suddenly discovered that many small ideas that had stuck in my head in the past seemed like I could actually make it little by little by myself. Everyone knows that Vibe Coding uses natural language to command AI to write code for you and scrape out the product. I usually use the Codex and Claude Code client to describe requirements and functional modules. They help me write code, and when the quota is insufficient, I switch to the CLI to connect to the DeepSeek API and keep running. 1. Those “I wanted to do it but never did it” thoughts I used to have a bunch of ideas popping up in my head. For example, can we have a panel to look at assets such as US stocks, Crypto, Hong Kong stocks, and A shares together, and not switch back and forth in several software every day. For example, can I monitor changes? If an asset suddenly rises or falls, I can see it as soon as possible, and incidentally, I know which targets and sectors it is related to. For example, can you make an investment map? When studying a track, don't just focus on one project, but lay out an entire network of upstream and downstream, beneficiary targets, potential risks, and related assets. Another example is that in the prediction market (PM), there are many bets on unlisted companies' valuations, market capitalization surpluses, and macroeconomic events. Can these data be compared with changes in news points and secondary markets. There are quite a few ideas, but it's really troublesome to do it. You need to understand code, be able to design pages, connect to data, and make repeated changes; find someone to do it; the cost is high, and the requirements aren't necessarily clear. After going back and forth a few times, most of my thoughts ended up being the phrase — “Forget it, let's make up with Excel.” But after spending a month and a half with Vibe Coding, I discovered that this is really different. I started equipping myself with some rough but problem-solving tools. An idea popped up and I could get it into the system the same day instead of being scattered in my chat history, favorites, and my own mind. Two or a half months, the four gadgets I rubbed out. In this half month, I mainly made four things (not counting the other small gadgets). First, the reason for the cross-market asset panel is particularly simple. My assets are scattered in several places: Hong Kong stocks and US stocks in the brokerage app, Crypto on the trading platform, and A shares in another software. Every day I want to take a look at my overall situation. I have to open it and cut it back and forth, and I can't figure out the full picture after reading it, so the first thing I do is to put all my positions on one page: the total assets, profit and loss of the day, and the following are segmented by market — the US stocks column, the Crypto column, and the Hong Kong Stock A Shares column. At a glance, I can clearly see who is rising and falling. After doing it, I found that it was quite easy to use, so I couldn't help but add one tab at a time because I was using new demand: Change monitoring: I set targets and thresholds to pay attention to in advance. Whoever suddenly surges or falls, it directly marks it for me, saving me the time to keep an eye on the market. Investment map: When I study a certain track, I draw the upstream, downstream, beneficiary targets, risk points, and related assets into a network, so it is easy to trace the capital transmission chain and relationships; Memorandum + Review: Why were you optimistic at the time, what happened later, determine what was right and what went wrong, write it down and go back; because all of my own real holdings are private, I deployed it locally. Second: Polymarket betting monitoring focuses specifically on predicting the market. Simply explain, predicting the market (PM, for example) means that people use real money to bet on whether something will happen in the future. The price itself represents the probability that the market thinks — for example, if “SpaceX's market value reaches 2 trillion US dollars at the end of June,” the yes mark is 0.8, which means the market feels 80% likely to happen. The bets I'm concerned about, such as “will OpenAI/Anthropic's valuation go up at the end of the year”, “will one of the seven sisters surpass the market capitalization event”, and “will xx and xx meet”, used to have to be reviewed one by one, but now I'm focusing them on a dashboard and looking at changes in probability along with news points and fluctuations in the secondary market, who takes the lead...

67d agoTylerAI coding

I used AI to set myself up an investment workbench

Has Jane Street “manipulated” BTC? Dismantle the AP system and understand the pricing power game behind the ETF redemption mechanism

It's not a question of a “villain,” but rather every AP has the ability to use the redemption mechanism to influence BTC liquidity. Written by Eddie Xin, OSL Group Chief Analyst “They Were Fcking Us the Whole Time (They Were Fcking Us the Whole Time)”. This rude phrase, which spread on Reddit and CT (Crypto Twitter) after the lawsuit, was accompanied by an epic bear squeeze with a liquidation scale of over $240 billion, pointing the anger of the market to the same target: Jane Street Capital (Jane Street Capital). 10 AM, the freezing point of liquidity in the Asian market over the past few months, finally unraveled the tip of the iceberg. It all started with Wall Street's top Wall Street Capital (Jane Street Capital), which was founded in 2000. It is accused of using the “Creation & Redemption” mechanism (Creation & Redemption) of spot ETFs by targeting the market through ETF arbitrage methods in the market, using the “Creation & Redemption” mechanism (Creation & Redemption) of spot ETFs. Until a lawsuit brought the dispute to the public eye, discussions around ETF arbitrage mechanisms and price discovery structures quickly heated up, and the market rebounded violently, resulting in an epic short squeeze (Short Squeeze) with a liquidation scale of over $240 billion. But is Jane Street really the one who pressed the suppression button? This is a question worth at least $1 billion. 1. Has Jane Street (Jane Street) really suppressed the BTC price? This question deserves an accurate answer. The first and most important thing to understand is that this is actually not just a question about Jane Street. This is a question about the structural features of the Bitcoin ETF architecture, which applies equally to every authorized participant (AP) in the ecosystem. As far as BlackRock's IBIT is concerned, the list includes Jane Street Capital, J.P. Morgan Chase, Macquarie, Virtu Americas, Goldman Sachs, Citadel Securities, Citigroup, UBS, and ABN AMRO. The role of these agencies is indeed deeply misunderstood by the outside world, even among seasoned industry veterans, and this misunderstanding is worth rectifying before any conclusions are drawn. The first thing to know about APs is that they occupy a marginal exception in the regulatory framework of Reg SHO (US Securities Regulatory Commission's Rules for Naked Short Selling). For example, Reg SHO requires short sellers to finance securities (locate stocks) before shorting, but AP was exempted by virtue of its contractual right to participate in subscription and redemption. Although this sounds procedural, the actual consequences are significant, meaning that any AP can create shares at will — no borrowing costs, no capital usage tied to shorting in the traditional sense, and no hard deadline for closing positions other than a reasonable commercial period. This is the grey area: a regulatory exemption designed for orderly ETF market-making, structurally indistinguishable from regulatory arbitrage, which has an unparalleled duration. This exemption is not unique to any one company. It is a prerequisite for membership in the AP Club. II. What does this AP exemption mean? Normally, if IBIT's transaction price is lower than its net asset value (NAV), you would expect arbitrage buyers to step in, redeem the Bitcoin with their share, and smooth out the difference. But any AP itself is that arbitrage buyer, and they control the pipeline, which means that their motivation to smooth out the price difference is different from a third-party trading desk that doesn't have the right to redeem. It sounds complicated, but it's easy to understand through a simple analogy: Level 1: What is a normal “smoothing the price difference”? Assuming there is a blind box on the market (this is an IBIT ETF), everyone knows that the blind box contains a real Bitcoin exchange voucher worth 100 yuan (this is the net asset value NAV). However, people are panicking in the market today, and the list price of this blind box has dropped to 95 yuan. According to the logic of normal people, smart merchants (arbitrage buyers) would definitely spend a crazy 95 yuan to buy a blind box, then go find the official one to unpack it and sell it in exchange for 100 yuan of Bitcoin,...

176d agoTylerJane StreetJane Street Capital

Has Jane Street “manipulated” BTC? Dismantle the AP system and understand the pricing power game behind the ETF redemption mechanism

Decoding CZ's “Call List”: How to predict the next Binance portfolio to be selected?

If CZ wants to “make an order,” it must prove that it can survive, expand, and capture new value in the Binance ecosystem pool. Writer: How much energy can Tyler's tweet have? The answer: let a coin with a market value over $200 million in circulation instantly increase by 60%. This is CZ's impact. On September 24, CZ retweeted a tweet with SafePal's native Aster integration, adding: “SafePal is also our portfolio, invested very early, right after Trust Wallet,” and SFP prices skyrocketed. This is not an exception. Apart from the eye-catching Aster, CZ recently mentioned a number of projects invested by YZi Labs (formerly Binance Labs), all of which have had a significant ticketing effect. If you look at these portfolios together, you'll actually find that there is a very clear main line behind it. 1. The correct way to open the Binance Investment platform “SafePal is also a portfolio, btw. CZ's statement, “Exploring the Way Back.” also made many people summarize an intuitive screening method, that is, by going to archeology YZi Labs has invested in, it is likely that the next sharp target can be unearthed. This logic sounds right, but when it actually works, it's tantamount to “finding a needle in a haystack.” The reason is very simple — Binance's investment landscape is huge. First, we need to understand Binance's investment logic. The wholly-owned acquisition of Trust Wallet in July 2018 was the starting point of the expansion of Binance's investment landscape, marking the evolution of its strategy from a single CEX to an ecological matrix. Since then, Binance has gradually formed three “investment grippers” covering the entire life cycle of the project: incubator model (MVB, yZi Labs incubation program): a broad network covering a large number of startup teams and early potential projects. After final screening, the amount was relatively small, mainly incubation from 0 to 1; yZi Labs (VC Direct Investment): Aiming at more mature growth projects, with higher accuracy and larger investment amounts, it aims to provide in-depth resource integration; exchange-listed tokens (alpha or new coin listing): focus on mature projects and provide top liquidity and market exposure; it is through the combination of these three paths, Binance has almost covered the project layout at different stages and tracks, and has achieved a patchwork layout covering the entire life cycle (early incubation, investment support, listing transactions) of different projects. Among them, YZi Labs' direct investment is the core of the medium to early stage ecosystem construction. However, the problem is that, according to third-party statistics from data platform Messari, yZi Labs (Binance Labs) has accumulated more than 300 investment (or layout) projects since its establishment. Obviously, simply using “being invested” as a screening criterion is basically tantamount to casting a blind eye and casting the net, which is meaningless. So what's the real screening logic? Looking at the three cases of Aster, Sign, and SafePal, which have been named one after another by CZ, it has been possible to sort out some commonalities, all of which meet several core characteristics: First, it is a high level of ecological synergy with Binance: for example, Aster as a prep DEX complements the on-chain derivatives puzzle and relieves Hyperliquid's pressure; SafePal naturally achieves ecological complementarity of “managed CEX & unmanaged wallets” through an integrated strategy close to the Binance product line; secondly, it must be clear and Continued pace of implementation: Whether it's Aster (21), Sign (20), or SafePal (18), these projects are not new stars, but “veterans” who persisted from 2018 to 2021, and continued to iterate and expand over a long period of time; this is a key point in interpreting CZ's ticketing logic. 2. According to the illustration, if you carefully review CZ's “call for an order” logic, you will find that his “call for an order” was not a whim; it can even be said that it was intentional. Sorting through its timeline, you can clearly see a logical and progressive gray line: On June 14, when responding to questions from the community about its “Call for Aster,” CZ named a number of projects that have already been invested, including Vana, OneKey, Sign, Aster...

331d agoTylerCZSafepal

Decoding CZ's “Call List”: How to predict the next Binance portfolio to be selected?

RWA Entry Battle: A Panoramic Guide to Web3 Wallets Betting on Tokenized US Stocks

Who is more determined? Panorama sorts out the layout path of mainstream wallets in the tokenized US stock market. Article: TylerWeb3 wallets are speeding up their way to seize the tokenized US stock shuttle. Imagine, when you can manage on-chain native assets such as ETH and USDC, and trade RWA tokens such as Apple (AAPL) and Tesla (TSLA) at any time within the same wallet, the role of the wallet has surpassed the Crypto portal and evolved into a new kind of account system prototype. The catalyst for this qualitative transformation was the large-scale implementation of RWA. Tokenized US stocks were the pioneers. Mainstream wallets entered this circuit intensively during the same period — some set up separate “stock” sectors, others embedded in entrances through DEX agreements, etc. The mutual desire for quality assets and traffic portals is pushing Web3 wallets into an unprecedented strategic RWA hub. The old era came to an end. The new RWA tokenized ship was the first US stock you held. Which one was it? Whether it's the “Seven Sisters of Technology” such as AAPL and NVDA, or emerging dark horse stocks such as HOOD and OPEN, the US stock market's growth certainty and price-performance ratio are generally superior to most high-risk Altcoins, and have always been highly attractive to investors. However, the reality is that on the one hand, the traditional brokerage account opening process is cumbersome. Even though there is an ideal path of “Yingtou Securities+Offshore Banking,” this channel continues to be tightened as global compliance requirements become stricter; on the other hand, the high deposit and withdrawal costs, slow fund payment cycle, and T+N settlement system are not friendly to the vast majority of small and medium-sized investors. It is these deep-rooted pain points that have made stock tokenization the best story of the integration of TradFi and Web3 in 2025. Its logic is simple and powerful: mapping traditional stocks into digital tokens through blockchain technology. Each token is supported 1:1 by real stocks, representing ownership of the underlying assets to be freely traded on the chain. This not only breaks through geographical and identity restrictions, but also brings the transaction experience to the “second settlement” dimension on the chain. Compared to the lagging process of traditional brokerage firms, it seems more natural for native crypto users, so when this door was pushed open, the giants of the entire industry smelled the smell of opportunity. In addition to native CEX players such as Kraken and Bybit, Robinhood also announced that it will support US stock trading on the blockchain, and even NASDAQ has sent out exploratory signals. The direction of industry giants is highly convergent, that is, they are trying to unify all asset classes such as cryptocurrencies, stocks, ETFs, and gold into a panoramic trading system. For every user, this means an unprecedented investment experience: you only need a crypto wallet to hold stablecoins, and you can buy US stock assets anytime, anywhere on DEX, and seamlessly access the world's top capital markets. This is not only the freedom RWA gives users, but also the value of Web3 wallets as a core portal. From this perspective, tokenizing US stocks and wallets is staging a “conspiracy” where high-quality assets and traffic entrances complement each other: for RWA, it urgently needs to use wallets as natural traffic entrances and liquidity hubs; for wallets, it also aspires to use RWA's high-quality assets to break the bottleneck of user growth and break away from a single speculative attribute; Web3 wallet & RWA layout overview Therefore, when RWA The possibility of tokenization has been verified, and as a wallet for users to access the core of the Web3 world, it has already begun to seize the center of this feast. Currently, with the exception of vertical trading platforms such as Mystonks that focus on tokenized US stocks, and the currency sector such as Bybit and Bitget listed on the CEX side, almost none of the mainstream wallets are missing the RWA circuit. From tokenizing US stocks to tokenizing assets such as gold, they are being rapidly integrated into the core service landscape. This article selects the four mainstream wallets with a wide coverage in the Chinese language region, OneKey, SafePal, Bitget Wallet, and imToken. It can be found that they show very different strategic focus in terms of integration path and entry strategy. Basically, they can be divided into three tiers of “strategic - integrated - compatible”, forming three distinct echelons of “focused — but not necessary — only supports transactions”. From left to right, OneKey, SafePal, Bitget Wallet, imToken...

338d agoTylerRWARWA topics

RWA Entry Battle: A Panoramic Guide to Web3 Wallets Betting on Tokenized US Stocks

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