I both respect, and question all the people destroying their #ColdCards. Respect because it is pure. And it is cathartic. And it is certainly a safe path forward assuming you have backed up any important secrets it might still hold. But I question because... this hardware is well designed, and the software features and architecture are quite good. I believe most futures for the ColdCard end with a reasonable decision to : SHOOT HERE! But... there is this one perfect world still possible. CoinKite chooses to fully (really) Open Source the hardware AND software. Perhaps they can continue to go on selling and supporting the device if they somehow survive the next while. (LOL) But this scenario would allow the community to pick up and develop for the hardware. And in this case you might regret having dropped your ColdCard into a volcano?

Calling the 12th (or 24th) word in your mnemonic seed"the checksum" is technically incorrect. It also contains 3 (or 7) bits of your base entropy. The checksum is only the remaining 8 (or 4) bits.

OK. First time trying ditto.pub. First impressions are VERY good!

Ditto

Ditto

Your content. Your vibe. Your rules.

Ross Perot was right.

This honestly makes me sad. I have been in Bitcoin almost as long as Luke may be exactly as long. Luke has been one of the most important contributors to the project from the very beginning. He has a natural strong bent towards contrarian and adversarial thinking. He tends to believe and act in the extreme. I believe he cares about what Bitcoin is deeply and probably even sees the project as something that would protect against evil currencies in the digital age. I agree with him on so many parts of why he is fighting. This is not a minor loss to Bitcoin. But Bitcoin is not about one guy. Sigh. View quoted note →

#coldcard #hack #entropy #sad #CoinKite cannot come back from this. Even if they could rebuild the lost trust the company AND principals (due to negligence piercing the LLC/corporate protections) are going to be sued into oblivion. The only HONORABLE move @nvk and @coinkite can do is simple: They should FULLY make both the hardware and software 100% open source. This would allow the community to rescue the existing devices and project from being useless. This is also the most effective, if not only way for the people behind this debacle to regain a small amount of respect in the community. And... It is right. Not holding my breath... I assume the lawyers and liquidators will be running the show soon.