I have been thinking about the victims of the #Coldcard for days. I even cried a few times.

Years of stacking, learning about why Bitcoin is revolutionary, why fiat is a plague, why the type of money you use really matters... To imagine all the effort and time put into it, only to have the stack suddenly gone because they put a 0 where a 1 should've been. Gone, just like that, for thousands of plebs, just like me. This is infuriating and should never have happened!!!

So many times I've read recommendations for Coldcard as the most secure "airgapped" wallet, which I thought was probably safer than my current setup... But I decided it wasn't worth the trouble as I trusted my setup well enough. Ironically, the less trustworthy option I was using saved my ass.

But the part that really gets me, is the trust I have in my setup is almost the same trust that the victims had in theirs, and if it failed them it could've just as surprisingly and just as easily been me. I am lucky that the self-custody setup and hardware wallet manufacturer I chose hasn't had a catastrophic issue that cost me my coins (yet).

The risk is now more obvious then ever with the downfall of Coldcard, that you cannot keep all your eggs in one basket. Multiple manufacturers of hardware, multiple seeds, multiple passphrases, etc. You can do everything everyone says is right with self custody and still get fucked.

This is a nightmare, and I feel horrible for the victims. 💔 What a terrible time for Bitcoin and bitcoiners. Just terrible.