Damus
Alex Waltz profile picture
Alex Waltz
@raw_avocado
Dear podcasters & influencers,

Don't feel bad for not looking at the firmware, it's absurd to expect that from non-hardcore technical people, when even the hardcore ones did not look.

Don't feel bad for recommending the ColdCard to people, you were told by multiple people this is a solid product, you operated under the assumption that "smart" people are honest and did their due diligence.

Don't feel bad because you got paid to shill ColdCard, that is an honest business deal, nothing wrong with sponsorships.

What you should absolutely feel bad and guilty about is whenever you saw nvk doing shitty things and you turned your head around, because you thought he will stop sponsoring you, it may affect your chance of getting a grant, or the wider group will think you are not one of the cool kids for talking back at nvk.

Or whenever someone brought a criticism to nvk and you joined in discrediting that person or making stupid comments to signal your alliance to nvk, instead of at least saying hey maybe he has a point.

If you did this, you were a coward and you have directly contributed to people losing money.

This is NOT a RNG, self-custody or AI failure.
This was a lack of scrutiny on very IMPORTANT piece of software that does VERY sensitive operations.

Every time anyone tried to poke at ColdCard or even just ask questions nvk would always dismiss them, call it FUD and attack their character.

Nvm the absolute abysmal attitude he had against competitor, who now still acted like gentlemen despite this generational dunking opportunity.

Everything someone did to push scrutiny away from this project has directly contributed to this disaster.

Bitcoin transactions are irreversible, and you can't change the past, so no point in beating yourself over it, at the end of the day there is not 1 single person that did this, it was pretty much everyone.

The one thing you can do that will have a positive impact forward, is to tell the truth and when you see someone not doing that, make sure to point it out.

If you read this and decide to go after people who promoted CC you are a dickless loser, and are only going to make this very mad crisis even worse.

We can't start yelling at each other in a few weeks, when we won't have anything to talk about anyway.
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𝕞ptf · 6d
Competing products are good for bitcoin. I remember all the shit they gave the guy trying to do a cheaper bitcoin clock. Trying to copyright a clock ffs.
Andy Scott · 6d
I have been debating posting this, but here goes. I'm currently halfway through a 3 week holiday of a lifetime with my entire family - kids, cousins, grandparents, spouses. A good few thousand miles away from home. I found out like many others through nostr. Without wanting to give too much away...
Sovereign Assyrian · 6d
Well said. I tuned out of these people long ago. I started seeing the bullshit long ago thanks to the proper bitcoiner groups I joined
KD 🦘 · 6d
Agree with all, except: “Don't feel bad because you got paid to shill ColdCard, that is an honest business deal, nothing wrong with sponsorships.” Anyone who endorses a product or service, especially for a price, deserves harsh criticism if it fails so catastrophically. Just a business deal?! ...
mobiusmoe · 5d
I agree with this, but in response to "If you read this and decide to go after people who promoted CC you are a dickless loser" I note that in my opinion, holding them responsible for their response to the disaster is fair and important for btc's future. There have been some incredible responses, a...