Overdue post for one of the best hackathons in the Bitcoin space! After attending @btcplusplus , we became aware of the centralization risks of Bitcoin pool mining. 🧵👇
I’m sad & angry about the coldcard vulnerability setting us all back. It took years for many to understand the value of having full control over your assets.
This experience has only made me more paranoid. Adapt to start using AI to audit code independently. Don’t trust, verify!
$1.6 million dollars in Bitcoin was drained from my account on July 29th in the Cold Card wallet hack.
My Bitcoin was in cold storage. My keys were on a ColdCard device kept in a safety deposit box that had never been connected to the internet.
This part's nerdy, but here's
🚨URGENT COLDCARD SECURITY UPDATE
Read carefully before acting.
👉Mk3 seed generated on 4.0.1+ without ≥50 private, independent dice rolls: begin a careful migration now.
👉Mk4/Mk5 <5.6.0 or Q <1.5.0Q: update first, generate a new seed, then migrate.
blog.coinkite.com/entropy-techni…
