gladstein
· 2w
Initial reflections on the Coldcard catastrophe, the bitcoin-only approach, and financial freedom:
1) Many people, me included, trusted and recommended Coldcard more than we should have. Especially a...
The biggest red flags were the VC money and "not for profit" opensats, hrf etc. throwing money at coldcard to prevent people from using better alternatives.
It's a lot like primal.
Create an inferior and overpriced product, manipulate the market to prevent competition and convince everyone that your lower quality version is the standard