“I went forward in time…to view alternate futures. To see all the possible outcomes of explaining a 3-of-5 multi vendor multisig to a normie.”
“How many did you see?”
“Fourteen million six hundred and five.”
“How many did we win?”
“…One.”
Dr’s Perrenod and Santostasi’s latest bitcoin Power Law/log periodic analysis shows:
- $73k in 12 months
- reclaim $100k by end-2027
- $203k in 24 months
- next major peak ~Jan. 2030
the thesis:
bitcoin’s long-term price follows a Power Law, while its deviations from that trend exhibit log periodic/scale invariant structure
these are model-based projections, not price forecasts
if you think all Coldcards are now paperweights...
if you threw out or even destroyed your Coldcard...
if you'll never use one again, even though it's patched...
if you think Coinkite will die as a result of the entropy attack...
you have an exceedingly high time preference
🤷
bitcoin - for individuals and institutions alike - was never ready for prime time as a rinky-dinky hobby-money jury rigged together and maintained by vendor devs who answer to no-one
improvement through fits and bursts, painful though they are, is what gets bitcoin to $1m+ a coin
fire is a wondrous technology
it’s inspired folklore, spiritual awakening, sparked thoughts of consciousness, warmed our ancient ancestors, cooked our spoils, in turn allowing our brains to grow faster than ever
it can also reduce you and your environment to ash in an instant
call me crazy, but I’m continuing to use Coldcard:
- I updated the firmware on my Coldcards (Mk4 and Q)
- I wiped the seed on the Q and created a new 24 word seed with 100 dice rolls and recorded it
- I then wiped that seed, created a new 12 word seed with 100 dice rolls and recorded it as two passphrases
- I’ve moved all UTXOs to the new wallets, noting each of their keys and their respective master fingerprints before doing so
entropy was the issue; it never affected me, but I still took precautions to redo my setup
I rolled 100 dice and use passphrases that I created on an Mk4 around ‘22/‘23
I divided UTXOs based on KYC, no-KYC, and coinjoin
what should I do?:
- nothing; funds are SAFU with dice
- send it all to exchange; fuck it
- send each UTXO to a hot-wallet (Sparrow)
- generate a new dice-rolled seed using my Q (f/w 1.5.0) and move coins there
- send all UTXOs to my wife’s Jade
a truly Biblical multi-layered attack on self-custody would involve scare tactics that force those who have perfectly good cold-storage into “temporary hot-wallets”, while the adversary coordinates a mass attack on trusted/credible hot-wallet services, à la Sparrow, Nunchuk, etc.
talk about out of the frying pan, into the fire
- do not act brashly