Dear podcasters & influencers,
Don't feel bad for not looking at the firmware, it's absurd to expect that from non-hardcore technical people, when even the hardcore ones did not look.
Don't feel bad for recommending the ColdCard to people, you were told by multiple people this is a solid product, you operated under the assumption that "smart" people are honest and did their due diligence.
Don't feel bad because you got paid to shill ColdCard, that is an honest business deal, nothing wrong with sponsorships.
What you should absolutely feel bad and guilty about is whenever you saw nvk doing shitty things and you turned your head around, because you thought he will stop sponsoring you, it may affect your chance of getting a grant, or the wider group will think you are not one of the cool kids for talking back at nvk.
Or whenever someone brought a criticism to nvk and you joined in discrediting that person or making stupid comments to signal your alliance to nvk, instead of at least saying hey maybe he has a point.
If you did this, you were a coward and you have directly contributed to people losing money.
This is NOT a RNG, self-custody or AI failure.
This was a lack of scrutiny on very IMPORTANT piece of software that does VERY sensitive operations.
Every time anyone tried to poke at ColdCard or even just ask questions nvk would always dismiss them, call it FUD and attack their character.
Nvm the absolute abysmal attitude he had against competitor, who now still acted like gentlemen despite this generational dunking opportunity.
Everything someone did to push scrutiny away from this project has directly contributed to this disaster.
Bitcoin transactions are irreversible, and you can't change the past, so no point in beating yourself over it, at the end of the day there is not 1 single person that did this, it was pretty much everyone.
The one thing you can do that will have a positive impact forward, is to tell the truth and when you see someone not doing that, make sure to point it out.
If you read this and decide to go after people who promoted CC you are a dickless loser, and are only going to make this very mad crisis even worse.
We can't start yelling at each other in a few weeks, when we won't have anything to talk about anyway.
Login to reply
Replies (7)
Competing products are good for bitcoin. I remember all the shit they gave the guy trying to do a cheaper bitcoin clock. Trying to copyright a clock ffs.
I have been debating posting this, but here goes.
I'm currently halfway through a 3 week holiday of a lifetime with my entire family - kids, cousins, grandparents, spouses. A good few thousand miles away from home.
I found out like many others through nostr. Without wanting to give too much away, I'm in a very vulnerable position where the majority of my funds are likely already swept and I won't find out for another week and a half. I'm bearing the weight of this myself and don't want to tell my family while we're away. I'm not sleeping well and struggling to stay present here with the people I love. Not simply because I've lost my money, but my insurance for the future and my ability to help people financially, medically and through generosity.
I migrated most of my funds from ledger to Coldcard a couple of years ago, and actually paid to be handheld through the process by a well-known security focused podcaster. We spent an hour together and I felt a sense of relief afterwards knowing that I'd protected my future in the right way, gone above and beyond what most people would do and taken the time and money to do it correctly.
At no point was entropy mentioned. At no point were rice rolls suggested. I was firmly led to believe that this was the gold standard of security.
My issue is not that people have made errors of judgment. It's not that they've not verified code themselves.
My issue is that there are a cohort of people who have presented themselves as experts in the most crucial field in this industry. They've been paid to do so, not just in sponsorship from Coldcard, but in the very service they've offered.
So no, I'm not a dickless loser. I'm just not willing to brush it under the carpet lest this happens again to someone else.
I respect your opinion and agree with what you've said about @NVK. You may feel differently about the rest if you'd lost significant funds, which I can only assume, maybe incorrectly, you haven't.
Well said. I tuned out of these people long ago. I started seeing the bullshit long ago thanks to the proper bitcoiner groups I joined
No, guys you should absolutely feel bad about not looking into it because the terminology of FOSS was thrown around left and right and what does it mean if no one looks into it???
There is no way to ask a trusted friend to reach your device?
In the process, but there's mitigating reasons why the timing has been awful.
Agree with all, except:
“Don't feel bad because you got paid to shill ColdCard, that is an honest business deal, nothing wrong with sponsorships.”
Anyone who endorses a product or service, especially for a price, deserves harsh criticism if it fails so catastrophically. Just a business deal?! 🤮.. Makes me cringe when they read the ads like they’re your mate trying to help you out.
They are captured by the desire to fund a full time job that could just as easily be a hobby or side passion. They are mostly hustlers.
I don’t think we need to give them grace for a second. They need to feel the full pain, in line with the affected.. You put your name to something, you go down with it too