Bitcoin has a self-custody problem that nobody wanted to admit. For years the advice to normal people has basically been: “Not your keys, not your coins.” “Buy a hardware wallet.” “Self-custody is easy.” “Don’t trust. Verify.” Except there’s a massive contradiction hiding inside that last sentence. Most people can’t verify. They can’t audit firmware. They can’t review source code. They can’t inspect a hardware supply chain. They can’t independently evaluate cryptography. They don’t know whether a vulnerability is sitting undiscovered inside the device protecting their life savings. So what actually happened? People replaced trust in a financial institution with trust in hardware manufacturers, developers, maintainers and security researchers — while convincing themselves they had eliminated trust entirely. That isn’t trustless. It’s trust you don’t realize you’re placing. I’ve tried making this point for years because anyone who has worked around software knows there is no such thing as “perfectly secure software.” There are only vulnerabilities we’ve discovered and vulnerabilities we haven’t discovered yet. That doesn’t mean self-custody is bad. It means telling every person on Earth to blindly “do self-custody” is bad advice. For a technically sophisticated person, self-custody can be extraordinary. For everyone else, multisig, collaborative custody or a competent institutional custodian may actually REDUCE risk. Bitcoiners hate hearing that because it violates the mythology. But if mass adoption requires billions of ordinary people to become hardware-security experts just to safely own the asset, we designed the system wrong. AI went from curiosity to hundreds of millions of users almost overnight because normal people could simply use it. Bitcoin has had 15+ years. Maybe instead of blaming everyone for not understanding self-custody, we should finally admit that the UX and security model we handed them was never ready for the mass market. #Verify #coldcard #btcpayserver #nostr #btc #asknostr #donttrust image

Replies (16)

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KompassFrei 2 months ago
How sophisticated needs a person technically be to master self-custody?
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KompassFrei 2 months ago
That's an important distinction: the technical barrier then may be lower than I thought; the real barrier is the discipline to understand, test and take responsibility for the process. Perhaps self-custody is less a technical problem than a question of agency. A question of being operationally disciplined. @Johnny Excellent practical advice. Thank you
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KompassFrei 2 months ago
Thank you for that.. Rolled the dice, a 100+ times, kind of aware that inserting any device whatsoever into that process, defeats the purpose of it indeed, and requires trust at some degree. From what the essay conveys, there are multiple ways of separating creation from storage from usage. A word to the Shell script? Where to run it? And on the "little adjustment" of the 24th word? What would the exit ramp actually look like to migrate from a Coldcard? Is the latter still an option when combined with a SeedSigner? Sorry, I am not endowed with programmer skills at all.
@Johnny is correct except for the small detail that my script expects you to roll all 24 words and then just changes the last word for you. You can run it on any Linux terminal. Putting Tails OS on any old laptop is a fine option. "AI" could help you get that done every easily. @johnny did you know "Johnny CAN" was the title of my last essay and I almost changed my name to Johnny on here?
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KompassFrei 1 month ago
Hello to both of you. I have thoroughly studied the suggested mechanism. I've my CPU/motherboard architecture or RAM allocation). When the bootloader hands over control to the operating system, the system freezes instantly at Booting.... According to AI, this means the Linux kernel cannot map or communicate with the computer's core physical hardware, preventing Tails from loading even a single line of its operating system code.
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KompassFrei 1 month ago
Concise Technical Diagnosis: "Root Cause: The laptop features a modern integrated/dedicated graphics processing unit (GPU) chipset that is completely unsupported by the specific Linux kernel version baked into your current Tails USB build. Analysis of Attempted Fixes (following your advice@Johnny): nomodeset: Effectively bypassed the proprietary display driver stack and successfully handed over execution from the bootloader. However, the system stalled immediately afterward because it lacked a fallback basic display driver capable of rendering Tails' graphical user interface (GUI) desktop environment. nomodeset acpi=off: Successfully disabled Advanced Configuration and Power Interface hardware calls to resolve potential motherboard power-management conflicts. Despite this, the display output remained entirely unmappable by the system's Xorg/Wayland graphical server, resulting in a persistent black screen with a frozen hardware cursor. Runlevel 3 (Text Mode): Correctly avoided the broken graphical environment entirely and initialized the Linux kernel into an active state. However, interactive text logins (amnesia login) failed because modern versions of Tails strictly disable all interactive TTY virtual consoles by design to enforce system hardening, preventing any command execution without an active GUI session."
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KompassFrei 1 month ago
Changing the subject for a moment: what’s your take on the BIP-110 conflict—and, more importantly, on what the attempted split and its outcome tell us about Bitcoin’s consensus process? The network ultimately did not converge around BIP-110, and the minority chain stalled almost immediately. Do you see that as the system working exactly as intended, or as a warning that we may be entering a period where disagreements over Bitcoin’s economic purpose can threaten network coherence? @Johnny @Zsubmariner
I think this is a dark chapter for Bitcoin, but it is still our best hope and the fight is not over. Bitcoin will either be decentralized and secure peer-to-peer electronic cash or it will be captured as part of fiat and we will have to build something else.
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KompassFrei 1 month ago
Debían worked. Got the correct seedphrase. Entering the perfect 24-word phrase should now unlock the script's final payload instead of throwing a checksum suggestion. If that is not the case, what do I need to do in order to cross-check Root key and Fingerprint?
Just enter it into your wallet of choice. If, for instance, you are using sparrow on tails, just use that seed, generate a receive address and do a test transaction to send a few sats to it. Confirm that you can recover. All the usual things. Go slow, take care.
I think “if we’re building something else” is why a lot of people rage quitting Bitcoin or finding XMR and ZEC as alternatives.
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KompassFrei 0 months ago
So perhaps the deeper question isn't whether Bitcoin can survive disagreement, but whether it can accommodate genuinely different understandings of what the ecosystem is for without those differences becoming grounds for exit? Less of a 'consensus mechanics' issue and more of an 'ecosystem cohesion' topic.
@KompassFrei leaving for xmr costs more than forking ever did. a fork keeps your coins and your history and you just follow different rules. going to monero means selling first. when someone pays that price it is usually over one concrete thing, and for most of the people i have watched leave it was privacy. i would call that a feature disagreement more than a cohesion problem.
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