m@bivalent ~ ghostty
m@bivalent ~ whoami
bivalent_capital
m@bivalent ~ cat manifest.txt
What price bivalence? The price of simplicity in a world that resists it. — after Quine, 1981
Proprietary quantitative research. DeFi-native since EtherDelta.
Own capital deployed against verifiable edge.
No outside money. No advisory. No fund structure.
P ∨ ¬P  # we commit to a truth value and trade it
m@bivalent ~ ls --domains
mev_infrastructure
oracle_microstructure
smart_contract_security
cryptographic_primitives
onchain_signal_processing
protocol_invariant_analysis
m@bivalent ~ cat current_research.txt
oracle update propagation under adversarial latency
signature scheme implementation foot-guns at deployment scale
peer topology and gossip dynamics in EVM-compatible chains
cross-DEX MEV under sub-second block times
cryptographic primitive misuse in production signing infrastructure
trust assumptions in public RPC and price feed infrastructure
# cat abstract.txt
Cryptographic Primitive Misuse in Production Signing Infrastructure
A large-scale study of ECDSA misuse in production DeFi signing infrastructure, extending the weak-entropy lineage of MilkSad and the nonce-relation analysis of Kudelski’s Polynonce research. Using a corpus of more than four billion signatures, with emphasis on 0x01 ecrecover precompile flows, this work examines how latency pressure turns signing from a cryptographic operation into a performance target. The thesis: the teams closest to DeFi’s execution frontier are often the most tempted to optimize away the assumptions ECDSA depends on. MEV searchers, builders, relayers, and market makers are especially exposed because signing sits directly in the hot path: nonce generation, batching, sharding, caching, and signer orchestration become targets for micro-optimization. These choices may not produce obvious duplicate nonces, but they can introduce weak correlations, bias, or partial leakage at exactly the scale where advances in lattice sieving and Fourier-analytic detection techniques become relevant. The result is a shifting failure boundary: signatures that looked merely “non-ideal” under yesterday’s analysis may become exploitable under tomorrow’s cryptanalysis.
[ esc ] close
m@bivalent ~ prove --axiomatic
[1] ∀x (Market(x) → ∃α (Asymmetry(α, x) ∧ Decidable(α)))
[2] □(Verifiable(α) → Tradeable(α))
[3] ¬∃z (ExternalCapital(z) ∧ Deploys(self, z))
[4] ∴ Sovereign(self)
m@bivalent ~ contact --resolve
# resolved. addresses are the output of the indicated commands.
# if you can't run them, you probably don't want to email me.
business inquiries $ echo "noreply" | sed 's/$/@bivalentcapital.com/' # see above
research questions $ rev <<< "moc.latipactnelavib@hcraeser"
everything else $ tr 'A-Za-z' 'N-ZA-Mn-za-m' <<< '[email protected]'
loc  /dev/null
est  2017 · EtherDelta → present
m@bivalent ~