I think it needs to go further. Open source the software. Open source the hardware. Then compete on execution.
Trust has been broken too many times to rely solely on audits. A third party auditor is still paid by the company being audited, which creates an incentive structure that can make independence harder to achieve.
The strongest trust layer is one where anyone can inspect, verify, and reproduce the work for themselves.
Hardware wallet manufacturers need to start publishing third-party test reports on the quality of their internal random number generators.
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