The Truth Behind Cobie Tweet: How A Single Tweet Caused $50M+ In Liquidations

Key Points:

• SHA256 is a one-way function used to prove foreknowledge without revealing information.
• Hash predictions have two use cases: proving foreknowledge and chasing clout.
• Cobie tweet was only five simple words, the string was quickly revealed, and a prediction about an Interpol Red Notice for CZ was exposed.

Learn about hash predictions and how a single tweet caused $50m+ in liquidations. Find out what happened with the Cobie tweet, as per FatMan.

In simple terms, a SHA256 hash is an extended hash that you get after running a fixed function on a specific input. Each input string has a unique SHA256 hash. Hashes can be created but not reversed (without brute forcing). They’re one-way functions. This means you can prove that you knew something at a certain point without actually revealing what that is.

There are two primary use cases for SHA256 hash predictions. The first use case is to prove that you knew something without spooking the market. You can commit to a prediction, reveal the string after the event plays out, and have cryptographic evidence of your foreknowledge without causing a disturbance. The second use case is chasing clout. If you post a SHA256 hash prediction that comes true, you can reveal the string and look like a complete genius. If it doesn’t come true, you can delete or ignore the tweet entirely, and no one will notice or care.

However, there are risks associated with hash predictions. If a string is short or comprises common dictionary words, it can be cracked by a fast computer. Longer strings or strings with additional random characters (what we call a “salt”) make it harder for a computer to guess the string.

Cobie posted a hash – unsalted – and individuals began furiously cracking it. As it was only five simple words, the string was quickly revealed, and a prediction about an Interpol Red Notice for CZ was exposed. Many articles, tweets, and liquidations ensued. Cobie later admitted that it was only a rumor. He would have triumphantly revealed the input string to claim his internet points if it were true. If it weren’t true, there would be no consequences, and it would be no big deal, as no one would notice or care.

However, people did notice, and it became a big deal, leading to a series of events affecting the market. It is important to note that hash predictions can be useful in specific contexts, but they also have risks associated with them, such as the potential for market disruption. As such, individuals should be cautious when using this tool and consider the potential consequences of their actions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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