Replies (40)
exactly
Sorry for the low quality I'm not a professional memer.
Also the screenshot says "unreleased 4.0.0"
I took his "steal your bitcoin" to be tongue-and-cheek hyperbole
I took the "don't dissect my fucking statement" as - shut up Marty -
"i have one piece of knowledge.. I'm not allowed to share" and the fact that his add dice rolls guide points to only one thing.
What do you mean by points to only one thing?
I just don't believe Marty or Odell have any culpability with this coldcard shit, they promoted a product that by all accounts was very good and it wasn't their responsibility to verify the code, etc. If people had to underwrite every product they were paid to endorse, there would be no such thing as advertising.
I dunno, im hurting a lot over all of this and just thank God that those Im responsibile for are safe.
How could they verify the code if it wasnt open source? That should have been the obvious first red flag that should have made them hesitate... For most people who avoided coldcards Im assuming that was the main reason!
But wasn't it different with them because they where also VC for Coinkite?
All I am pointing out is that in 2021 Matt was clearly told information by Novak that made Matt aware that his own guide protects users from the bug. What about the guide protects users as we now know: dice rolls
Matt knew that dice rolls or being below a the new "big release" made users not vulnerable. That logically points to the entropy bug. NVK and Matt had foreknowedge and didn't say anything.
First posted by
@. which you didn't mention (meanwhile your post is higher on Primal's rigged trending feeds)
View quoted note →We can't say that actually. So far I don't see any reason to believe that Odell had prior knowledge. My only observation is that NVK might have accidentally slipped that *he* knew about it.
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Interesting timing. The 4.0.0 firmware was released on June 29, 2026. 30 days later, ~14.5k blocks at 2 sat/vB would cost ~0.29 BTC.
They were aware of their bug, thought they had it fixed in 4.0.1 and then opted to recklessly take the chance on the numbers.
1. Maybe they thought too few actually generated seeds with 4.0.0
2. Maybe they thought many of them used good pasphrases anyway
3. Maybe they thought most big hodlers already had established wallets and they could weather a few reports of lost funds (and they did)
4. Maybe they thought (as most shysters and criminals do) that they were technically astute and they had this
Strike 3 already but somehow they were allowed to stay at the plate to keep swinging.
Now that this is known to be said by Matt (in the presence of Marty) bullshit has to be ruled on their little Rabbit Hole Recap cry session.
🫂
I don't presently see any data suggesting foul play by
@ODELL and
@MartyBent.
I clipped it by myself after requesting for help by anyone. This isn't about anybody's thunder ding dong.
Not here for any credit, just the truth. I wanted to verify the AI pulled clip and stumbled on the remainder of the conversation.
Ooof
It definately was the reason I didn't buy it.
This is my reasoning:
If because of what Novak said to Matt about unreleased 4.0.0 resulted in
(A) Matt knew being below 4.0.0 was not vulnerable
+
(B) Matt knew his guide was not vulnerable ie dice rolls
+
(C) Matt says he can't say why and to not dissect why
Then
(D) Are we to believe he never reasoned why?
What else other than low entropy seeds fits A, B & C ?
Even if he thought 4.0.1 fixed "him being able to steal all your bitcoin" he knew coldcard had created a serious issue that meets A, B, C in 2021.
I don't see how the unreleased 4.0.0 usb issue meets these conditions.
Two things.
1. Odell's investment company, the sole investor of Coinkite, should be supeoneoad for discovery.
2. They probably can be held partially liable for damages. I am not an attorney.
3. There isn't any public data so far that implicates them in an inside job.
if this is all true then he would have believed that 4.0.1 had fixed the entropy bug when it fact that was when it was introduced. he can't do both.
There seems to have been a $125K seed round investment by another party closer to the coinkite founding, well before 2020 when 1031 became an investor. SO likely those seed investors will get pulled in too.
Yes.
Being financially liable when your startups CTO commits fraud is not the same thing as being criminally convicted for fraud.
Greg has problems, and depending on how much NVK, Coinkite, and investors knew... they might have their own.
I am guilty and caved due to doubting myself. Lucky/unlucky, I received the cold card the day of the announcement lol
No refund, but atleast I got a glow in the dark calculator and DECOY! 😄
I've always been a Trezor guy, but will be migrating my seed to a dice roll for that too, just in case.
dont trust, even if its fully open source!
Wherever we have sovereignty we should use it!
He may have thought 4.0.1 fixed it. But that means he knew something met the conditions in unreleased 4.0.0
If you knew the company made such an error would you continue to advocate for it?
It is clear from this clip he was totally willing to cover for Coinkite then. For him to say now he had no idea Coldcard was a total piece of shit and he always had the interest of the freaks top if mind is wishful thinking. He was let in on a little secret and knew they were covering it up and didn't think hmmm.....maybe these guys are not as straight up as I thought. He went on recommending Coldcard wholeheartedly.
Only thing clear is that NVK knew and revealed it implicitly/explicitly to Odell.
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Odell sympathizers.
WTOF is this?
More Primal's rigged trending feed's fault than yours I guess
Fucking hell! The trick is old as world where you ship vulnerability then ask users to upgrade but you still keep the vuln!!
You don't sound insane. I'll say that
Appreciate that.
A lot of ifs in that ai response
It was introduced in 4.0.0 which IIUC was never released. 4.0.1 fixes an unrelated physical access bug that Matt wouldn't give two shits about because it's not a remote theft vulnerability like the 4.0.0 RNG one
