What happened with Coldcard is deeply sad, a real tragedy.
Honest people lost their money.
Our entire cold storage narrative has been called into question.
The people who lost their funds didn't do anything wrong. They bought the wallet that was widely presented as the most secure on the market. If they weren't already Bitcoiners, they likely bought a Coldcard because a Bitcoiner recommended it.
Yes, there are additional layers of security. But just as every extra character in a password makes it exponentially harder to brute-force, every extra security layer also increases the adoption curve.
This isn't just a loss for Coldcard users. It's a loss for all of us who are working to drive Bitcoin adoption.
Honest people lost their money.
Our entire cold storage narrative has been called into question.
The people who lost their funds didn't do anything wrong. They bought the wallet that was widely presented as the most secure on the market. If they weren't already Bitcoiners, they likely bought a Coldcard because a Bitcoiner recommended it.
Yes, there are additional layers of security. But just as every extra character in a password makes it exponentially harder to brute-force, every extra security layer also increases the adoption curve.
This isn't just a loss for Coldcard users. It's a loss for all of us who are working to drive Bitcoin adoption.
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