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by lowbloodsugar
2 hours ago
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> In this case, there isn’t much of a mistake to point out. I don’t buy this. There is no $249 device that I would trust with even 1 BTC. These folks looked at the options to preserve $100,000 and picked a $249 device over an exchange. Or a bank. Or the DOW. It is heartbreaking the loss that some have suffered. But it doesn’t benefit anyone to say “Who could have known?” Everyone knew: because not one person said “I have verified this product and it cannot possibly be vulnerable”. So “it’s open source and you can verify it yourself!” Ok. Nobody did! “Well maybe they did, they just didn’t find the exploit” - that’s the point! > My guess is that the next phase is to revise history and form a consensus that Coldcard was never a recommended wallet and that it was obvious to everyone with good OPSEC at the time. Yeah. I didn’t use it. I would never use it. The problem is that “everyone with good OPSEC” are “obviously just plants of Big Bank and the IRS”. The criminals that benefit from “normal” people “legitimizing” bitcoins have really good PR department. |
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Bitcoin communities have been advocating for hardware wallets over exchanges for a long time. The phrase goes “not your wallet, not your coins”