Clayton's avatar
Clayton Clayton@primal.net 5 days ago
Everybody coming out AFTER the fact and telling everyone they made “bad decisions” while the entire industry was saying Coldcard was the best. And the “influencers” who built up a decade of trust were the ones saying this. Now even the most technically competent bitcoiners are moving bitcoin because of the CC fiasco. Next thing we know they’ll be saying “should have checked the bitcoin code.” Hate to break it to you but everyone (including you) is trusting someone. For example, the fact bitcoin has worked for so long and hasn’t been hacked is a large reason why we know the code is good. Because almost no one can verify it. Same with cold card. Sorry but “don’t trust verify” only goes so far. 99.99% of Bitcoiners have to have at list a little bit of trust in someone. View quoted note →
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Replies (9)

Jay's avatar
Jay _@wisehodl.dev 5 days ago
I trust all the code I run. Open source or no, no one reads source code to verify their programs work as intended. Usually the bugs aren't so catastrophic and unrecoverable, but very rarely they are. And even if you did read all the source code you wouldn't be able to catch them all. Even if you wrote every line of it.
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Libertas Primordium's avatar
Libertas Primordium libertas-primordium@nostrcheck.me 5 days ago
I was taken in by their security and due diligence claims. I read all of the technical documentation before I purchased a Coldcard. I was confident that they were a company that exercised every due diligence in their engineering and went above and beyond best practices. A lot of us thought that. Turns out we were all terribly misinformed in making that assumption.
Silberengel's avatar
Silberengel silberengel@gitcitadel.com 5 days ago
Bitcoin is only trustless when auditing the chain. The chain itself is verifiable. Most of us haven't personally audited the entire ecosystem and it's unreasonable to expect us to.
Jay's avatar
Jay _@wisehodl.dev 5 days ago
People need to trust each other. What we should have known better was than to trust someone as obviously scummy as NVK no matter how much airtime coldcards got. We worship asshole devs way too much round these parts.
sneagan's avatar
sneagan sneagan@primal.net 5 days ago
If you thought buying plastic online after a podcast ad made you a sovereign you should have known better.
AENEAS's avatar
AENEAS 5 days ago
Well, there *is* a significant subset of bitcoiners who've long complained about the overemphasis on HWWs, who view them as security theater, but: * They don't really do podcasts * They're not exactly on YouTube * They tend to be seen as assholes. Which isn't unfounded, some of them really are assholes. I like HWWs and think they're good for adoption, but it is true they're treated like a sacred, unimpeachable vault in this space; many incorrectly think you 'need' them to secure your Bitcoin.
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