Damus
Brad Mills profile picture
Brad Mills
@bradmillscan
Feeling a lot different after the coldcard exploit.

One of my good friends took my advice and lost all his Bitcoin.

~$1.5 million gone.

Don’t trust verify was a LARP.

I kinda feel like an idiot again, like the advice I give people is ridiculous.

I kinda feel the urge to sell it all, pay a massive tax bill, buy an island, put the fiat to work in index funds, then buy back ~25% of my BTC

It could have easily been me that lost everything.

Do I really want to go down with the ship?

My back seized up after grappling with the last week of debating internally.

I had to help dozens of ppl I onboarded get off coldcard.

I had to think about what is the best way for them to hold their coins now in the age of AI and digital exploits.

It’s not just “maybe another wallet will have an exploit.”

It’s also what comes next, what can the average person do to protect their digital wealth.

Do I really want to ride this to zero and go back to being poor?

I thought I’d be ok with that.

That was a fantasy.

I’m really shocked the price has held up here, and likely that means $58k was the bottom.

After the STRC / MSTR crisis and the ColdCard hack … price holding through both of those is bullish.

…but my back is telling me otherwise.

Doesn’t help that I also have been doing manual labour and moving appliances at the new place I bought in Cape Breton…

Chiro says I sprained my facet joints and jammed my SI joints.

Anyway on a positive note I’m loving the sound of the waves from the beach house and really enjoying listening to @Lyn Alden Stolgard Incident on my long drives to physio/chiro.

@walker and @CARLA⚡️ knocked it out of the park with the audio play.

Anyone else feel their “all in bitcoin psychopath” conviction shaken the last weeks?
223❤️16🤙2
Piotr · 1w
What do you think about air gapped solution?
June · 1w
Multi-vendor multi-sig that you control.
paul keating · 1w
Yes. Especially when it comes to onboarding others.
𝕞ptf · 1w
Entropy is a helluva drug. The coldcard scam is awful though... Huge rug...
FreeYoda · 1w
And we are talking about a fatal flaw in one relative small wallet vendor... Core is corrupted. Even the current relative small 'spam' option will probably mean a longterm problem. And that is what we know. What is to come and what is already there that we don't we know ? How to get Core pure aga...
StackinBeets · 1w
Yes my 100% conviction has been shaken and I really don't believe bitcoin is bitcoin anymore. Not because of the coldcard incident though, this was just a (seemingly planned) malicious exploit and it changes nothing to the rules of self-generated self-custody. Rather, I've seen too much "the enemy i...
🇵🇸 whoever loves Digit · 1w
If you want a better future, retro-crypto really needs more development and adoption but people just ignore it and downplay it so far. You could post about that.
mytwosats · 1w
this rug had nothing to do with BTC. this was just a bitter Pill that we need to get better. but Sure everyone hast to do what is best for their life. i have upgraded my Security because it could be me if i had used the wrong device
Andrej designSats · 1w
Survivors guilt exacerbated by recommending CC. You owe your friend more than few favors that's for sure. But keep in mind more than half of the responsibility is on him for trusting (he couldn't verify). Advice was sound just not complete. Blame goes first to hacker, than Peter Gray, then NVK...
Discovering Bitcoin 🔶👀 · 1w
1. It wasn't a hack. It was exploited (possibly criminal) negligence. 2. Don't be a pussy. 3. Forwards, not backwards. Spiral out. Keep going. 🌀
Kendy · 1w
First off, 🫂. Can only imagine the weight and guilt of a friend losing 1.5M on my advice. Second, yes, my psychopath conviction is somewhat shaken. But I’m coming full circle that this a broad and rapid repricing of attacking and defending software in general. My recent takeaway is this needed...
Huxley · 1w
I am glad I didn't set anyone up with Coldcard. That would weigh heavily on me.
John James · 1w
None of my flock lost funds thanks to passphrases, but it was a huge scare and everyone I know in the bitcoin community is shaken. That is a tragic loss… Will pray for you and your friend🙏🏼 At the minimum, I believe all of us should be questioning our security setup and facing the post act...
satoshi · 1w
Craig’s mentorship has been a major part of my journey in learning crypto and stock trading. Through his guidance, strategies, and lessons, I was able to grow my capital from $14,000 to $127,000, which completely changed my perspective on financial independence. I believe his mentorship can help o...
NotBiebs and 69 others · 1w
$1.5 million stack on a single sig with no passphrase is living on the edge. I think the lesson is make sure your friends don't do things like that.
Anonymous · 1w
A lot of ignorant people put their faith in product when there was warning signs that it was always a scam. Anything that opensats is funding, you should automatically distrust. It's almost always a scam.
four more years · 1w
Yes my conviction is shaken. I think I’m going to go back to a custodian holding most of my btc, keep a little in self custody for walking around money.
Willy Cooper · 1w
If you don't trust the wallet roll disc 100 times and then verify on another offline device. You can also learn multisig, from what I understand it is not that difficult. In the end it is not your fault that person lost their money. You gave advice and he took it. He could of learned more on hi...
Diyana · 1w
Trust me from where I stand you don't fucking want to be poor... Also, none of this should be decided on an actual Total Solar Eclipse which we experienced yesterday. With everything that has occured and the fact we are now in eclipse season contemplating and churning this every which way within is ...