If I were a conspiracy theorist, I’d say NVK is a state actor who intentionally put a backdoor in #COLDCARD so people would lose their coins, then pushed a firmware update that bricked their devices and shattered their trust in self-custody and those who promote it. Convincing ordinary people that holding their own Bitcoin is too dangerous, driving them back onto regulated exchanges, and making “not your keys, not your coins” sound like reckless extremist advice. Turning sovereign money into another asset held by custodians, where it can be monitored, frozen, rugged, and confiscated. …but I’m not a conspiracy theorist who connects speculative dots just to farm engagement and make people more paranoid than they need to be. #IKITAO
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1984's avatar
1984 yesterday
It sure seems unlikely this were just a "bug". A first year IT student that would learn the importance of RNG and the issues of not taking that serious in one of their first cryptography classes. Not ever validating or confirming that the hardware TRNG is being utilized is basically not likely. It almost compares to putting a lawnmower engine in a car and letting the customers find out by them selves.
I haven’t heard of it affecting any Q users, and so far I haven’t found anything beyond anecdotal reports about the firmware updates. But if it were me, I wouldn’t chance it. I’d get my coin off the device as soon as possible and move on to something like #Foundation or properly secured air-gapped storage, using a securely generated seed and a strong, properly dice-rolled passphrase.
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Not that I’m against the theory, but that would be too great of a compliment to nvk. Think he might just be an arranging asshole conman and that’s it.