Open source > closed source Multiple vendors > one vendor Multi-signature > single-signature Multiple baskets > all in one basket Offline entropy > random # generator

Just as it takes a good guy with a gun to stop a bad guy with a gun, it takes a good guy hardening systems with AI to stop a bad guy finding exploits in those systems with AI. One of the silver linings of this recent coldcard exploit is it has spurred white-hat hackers into action. And thankfully, cryptography itself favors defenders.

Good alternative to the dice method:

seedsticks.org

Seedsticks

A convenient and secure way to create Bitcoin seed phrases without having to trust a third party random number generator. Be your own random number...

SeedSigner proponents have been right about a lot of things.

Spent much of today helping people I know move their funds from their coldcard devices elsewhere. A few reflections / lessons: First, money is not everything. If you lost your life savings, or some portion thereof, know that this is not the end, even if it may feel like it. Second, move the funds you do have in any coldcard as quickly and calmly as possible to another place. Even a hot wallet is a fine temporary intermediary. But choose a respectable one. Long term, “Not your entropy, not your keys” will be a major takeaway of this event. Better to generate your own randomness via dice, cards, coins, or other irl methods than to rely on computer-generated randomness. If you are capable of it, multi-signature set-ups using different, ideally fully open source, hardware wallet manufacturers are preferable moving forward as far as self custody goes. And when given the choice for extra entropy such as a passphrase, take it. And in any case, it is better not to keep all your eggs in one basket. Those who were most affected had all their coins on a single device. Do not rely on any one device, any one manufacturer, any single point of failure. My heart goes out to all. God bless.

Condolences to all affected.

If you don’t have the seed phrase for it, it’s not your Bitcoin.

Just paid with Bitcoin at Steak ‘n Shake. The future is now.

It’s not easy being seed-oil free in a seed-oil world. But it is 100% worth it.

This is The Way.

““The meeting of two personalities is like the contact of two chemical substances: if there is any reaction, both are transformed.” — Carl Jung

Have a blessed Sunday.

If you don’t run a node, you must rely on somebody else’s node.

Harsh truths are kindness. Comforting lies are malice.

Bitcoin is a rare opportunity to do well by doing good.

Node is law.

Generally speaking, whoever stays calmest wins the debate. This principle extends beyond debates.

“A fool who persists in his folly will become wise.” — Alan Watts, Why Not Now?

The age of Bitcoin treasury co’s has passed. This one is about 14 months too late.

Saylor: You’re not regulated enough, anon. You’re a paranoid crypto anarchist. Better let trusted third parties like Strategy hold your coins