BTC

Dmarine999

I don't live in a bubble. I'm not a BTC maxi. My goal is a certain percentage of my overall portfolio. I just pay attention to what is going on. Regarding the LARPing, I believe Coinkite was held in pretty high regard until this happened, no? What's going to happen if there is a similar issue with another HW wallet vendor? The media are fear mongers. They only report on sensational events with little factual basis behind their stories.

WBDubya

I don't trust any company that says "your funds are safe". Burned twice stacking BTC. IBIT for me.

Dmarine999

Totally understand it isn't a reflection on BTC security. It is a reflection on companies who supposedly provide a more secure way to store your crypto than keeping them on exchanges.

Dmarine999

The optics are terrible though. BTC is supposedly "trustless". But there is some inherent level of trust in the HW wallet manufacturers and exchanges. I guarantee you anyone thinking of dipping their toe into BTC will pause now. I use Ledger (sure, tell me I'm dumb) but after I heard about this exploit, I decided to stay on CB as I start to DCA again until the dust settles. Sure, CB customer service is supposedly terrible (I've not experienced any issues), but I don't think they've had a major security incident resulting in stolen coins. If they have, I'm not aware of it.

Quirky-Reveal-1669

If anything, I am somewhat surprised that BTC price moved so little, these past few days.

mazdarx2001

New quote 0 BTC = 0 BTC

scrandlle

Things generally become more regulated over time because events force regulations into place, not because people are clamoring for them. I imagine plenty of BTC holders would be fine with more regulation if it means more safety.

Evo_Fish

So sorry you were robbed. While I never personally got into BTC a co-worker of mine just lost their life savings and they invested ALL extra money plus some into BTC. I am doing research to try and help but it sounds like there is no answer and it’s gone. He felt so strongly about Coldcard. I know it’s hard to find those responsible if not impossible but I truly hope someone pays big time for ruining peoples lives and stealing their hard earned money.

DBCDBC

They are not competent to produce a hardware wallet. Lose all my BTC once , shame on you. Lose all my BTC twice, shame on me.

scrandlle

Exchanges have blacklisted hacker wallets before. Finding an exchange that is willing and able to deal with $150M from stolen funds might difficult. Everyone will know the exchange bought the stolen BTC so they could get into trouble with regulators.

Professional_Run2842

Buy BTC etf

crusadersandwich

Create a new wallet and roll dice for each word of your BIP39 seed phrase and then move your BTC to the new wallet

First-Check-164

\*10,000 BTC

Keyser_FF

Really only the 2013 silver variants have a meaningful premium these days. The brass ones don't go for much more than face value and anything 5+BTC is hard to move due to the large underlying value.

Popular_Pilot2161

Buy both. BITO & BTCI pay dividends (not much when BTC price is falling but hey it adds up).

blurred_rabbit

Sad part is Ledger is one of the most n00b wallets you can use. Can’t even air gap it. I would still use Coldcard to store my BTC over Ledger, even after this issue.

MyDisneyExperience

Yeah I sold mine at auction a while back and it was… basically slightly over BTC value at the time (granted it was not mint grade lol)

Vinny_d_25

They could potentially send the BTC to a trusted third party who can distribute to coldcard holders

DeepNRadish

Looks like you are a migrant to the US from India and have a career in tech. how many friends do you have back home who are unable to earn even $500? You are lucky, have already won in life. Consider the positive aspect. if you try again, you can make that 5 BTC again. Good luck!

MC_SKWAIRD

It’s funny because in another thread a few months ago I mentioned to never load more than 0.15-0.25 BTC on a single wallet, and use different brands for each. I was downvoted to hell for saying that. Now after this ColdCard fiasco, I would say I was correct

jake2422

First look into the mathematical definition of entropy. Entropy is basically a measure of a probability distribution’s uncertainty. For a random variable Z with possible values z, its entropy is \- sum\_z \[Pr(z) log(Pr(z))\] This quantity is the expected uncertainty of the events z when sampling from Z. That is, the uncertainty of event z is -log(Pr(z)) = log(1/Pr(z)). This quantity measures the amount of information we gain from the knowledge that z occurred. Notice how if z is guaranteed to occur, we get log1=0 (no information gained) and for highly unlikely events the resulting information gets smaller and smaller. In the BTC world, the random variable Z generates a seed phrase, and it must have high entropy to not be reverse engineered.

FuckAllYouLosers

Can anyone explain why you wouldn't store your BTC elsewhere on shit that isn't constantly being hacked?

ImpossibleHall4260

No, you would gain some time to move your funds to another wallet. BTC Sessions already published on X about they hacking one of these seeds with passphrase yesterday.

ShortingBull

Done, as in got all the BTC they need now?

dramaticirony

That would make sense if Saylor was buying back ordinary shares with the proceeds of the BTC sales, which he isn't afaik

PeaceAgitated1978

My thoughts? Never store more than a 0.25 or 1/4 of BTC by each cold wallet. Once one is "filled" store it away "for ever" . This is the only thing that helps with such situations.. and to you to decide what is your own "filled" amount is .

PeaceAgitated1978

We the retail's.. have 240 Millions in recent drops buying.. fighting against 780millions mids sized whales.. and 840 millions $ for heavy institutions and nations size entities that actually either short or are selling spot BTC.. the book's tell the story. No wonder the price ain't going up yet.

destroythenseek

I imagine during low volume you can use 10-15 BTC to move the float.

phishow

Gutting to hear. So sorry for your loss and all affected. Indeed, these are dark days for BTC. Spend time with your dad and daughter. That’s time you will never get back. Stay strong. You will survive. Sending positive vibes and thoughts!

disruptioncoin

Start your own exchange. Name it BTC-E 2.0.

Hziak

Sounds complicated, I’ll keep seducing it, I think. Maybe I’ll even get some really great virtual children out of the deal who can inherit my BTC fortune!

Han_Gabrell

I get that. I think that's also why people have started exploring different ways of using native BTC instead of only thinking about spending it.. like native staking....

Dmondb

They also produced disclaimers and warning material over use of their products and never claimed "100% secure." So sure, you can try to sue them for negligence, fight for years and then try to claim in civil court the lost funds. Ask everyone that held at MtGox how well that payout is going. How do you expect them to recover the funds? Full chain custody isnt for everyone and this is just another example to responsible BTC holders as why we dont trust 3rd party companies with our keys. Period.

Miserable_Weird7154

Your cousin got your money back from a phantom scam and you immediately went all in on BTC, that's the kind of chaotic energy I respect. Binance Earn is basically just lending your coins out for interest, you lock them up for a set period and they pay you a percentage. Since you're not touching it anyway, flexible savings gives you less but lets you pull out anytime, locked staking pays more but you can't touch it for a month or three.

flooberdoodler

I went on their website today just to see what was up. They are still claiming it is super duper fucking secure and cutting edge. But at the top is a link about the issues. And they say to update blah, blah, blah... As if anyone is trusting them with their BTC again. GTFOH 😂

quietlydesperate90

How could you ever verify original ownership? I could go buy a cold card, use the same method to find affected wallets and restore it to the cold card and write down my recovery phrase then beg a whitehat for my 3 BTC.

rejeremiad

except every BTC owner will get waxed if Anthropic is successful, not just the individual making the challenge

Azelphur

To be fair, while it's a lot to you or me, that's 0.19% of their holdings, it's not a lot of BTC... to them.

ValoisSign

If they got in early enough that could be like 30-50 dollars they spent and just held... Mind you if I got hacked back in my youth and lost my wallet under much less silly circumstances, it is pretty impressive that *this guy* could have held 6 BTC this long lol.

anymonero

The maker doesn't have that ability. You're making stuff up. On Thorchain you're trusting the majority of node operators act honestly. On BasicSwap or Eigenwallet you don't have to trust anyone besides the developer if you can't read code and are too poor for Claude. https://markets.basicswapdex.com It's not cex liquidity but on XMR/BTC it's 2% spread not 5%.

skr_replicator

A tradeoff? They found a real wallet, found a used address, but spent. Is it really a tradeoff to continue checking until they find an actually unused address? Instead of abandoning the search midway through that wallet and continuing to check random seeds, where they find a wallet 1 in a million? They will have a higher chance of finding some BTC in the next millisecond when they go through that wallet's addresses until they find an actually unused one, than finding another used wallet seed in the next minutes/hours.

Giatoxiclok

It’s one thing to have money on the card still, but if you’re being emptied, don’t destroy it. You might need to work a little harder on comprehension because that was pretty clear. They aren’t mentioning fringe cases where you get 50% of your wealth stolen. They’re telling about the current exploit that allows hacking of cold cards to drain BTC. So to reiterate, if you get targeted, do not destroy your device.

thygrrr

But 100 BTC is chump change for Anthropic.

Efficient_Culture569

Is that a fake app?  I don't blame OP, looks pretty legit. But with 6 BTC I'd be way more careful 

tenor_tymir

Cancer fighting money should not be in BTC through

IllllIIlIllIllllIlll

That doesn't really answer the question, there is nothing tying an address to a specific device id no? A black hat could just give the device id their own cold card and claim that they are the person who had 18 BTC on it when in reality they had 0.01

RevengeTrade

You think most people buy BTC due to thinking it’s a superior medium of exchange than fiat? Vast majority of crypto degens buy BTC and other shot coins because they want to sell it for a higher price, not for utility reasons… so why shouldn’t they just buy spot ETF or leave it on exchanges? Most people are just investing in it. They don’t care about the philosophy of BTC.

Objective_Young_1384

90% are probably all Americans who, in reality, don’t need BTC, so they simply see it as an investment (which is a mistake); that’s why all the BTC channels are full of nonsense posts and fiat currency fans, lol So, these people just want the price to go up; in that case, they don’t need BTC to become popular among the general public (who will never own BTC anyway)—it’s enough for just 2 to 5% of the elite to enter the market. But for the rest of the world and for developing countries, BTC is great as a currency, as a tool, as protection > these people see the real value of the technology! In other words, users here are a bubble with a limited perspective, because BTC works differently in every country and in every life situation for those who own it. Imagine being an Argentine who chose to accumulate BTC instead of the Argentine currency… Americans will never understand the power of that!

hnr01

Nah - you would be surprised how many people would be willing to help out. Most of the big wallets are drained. If I’m a whale, why wouldn’t I help out the dude with $1000 in BTC? Helps me out in the long run

Affectionate_Tea3401

I would like to say "I like to roll the dice" but its too soon, even for myself. The honest answer is a combination of I though my seed was unbreakable and having 2 hardware wallets with the same seed, steel plates in different countries would be safe enough. But then again i was reading about someone else who lost more than 10BTC and had it in 3 different MK3 wallets. So the question becomes why colcards? because ledger and trezor both had their breaches and oopsie days and i guess at the time, coldcards seemed the safest option.

plebbtc

I can't speak as to why someone might destroy their cold card, frustration or disgust maybe. The important thing to remember is the BTC is not stored on any particular device. The coins are all on chain. Your keys just secure a particular set of UTXOs. The whole point is you can a set of 12-24 words and use them on any BTC capable device to gain control of those UTXOs.

n8dahwgg

Crossing my fingers for you man. The guy I know did \~650BTC total, so there is a chance. Best of luck homie and know you aren’t alone on this. Wishing you and your father well.

Gamer_Grease

Bitcoin’s potential future value hinges on mainstream dollars entering its system. Mainstream dollars are all held by the mainstream financial system. As big banks and financial firms enter Bitcoin more and more, they will drive the price higher and higher by connecting Bitcoin to pools of investment cash. But in turn they will centralize Bitcoin, and also bring on more state regulation and scrutiny. ETFs, for example, are complex custody arrangements where no actual Bitcoin is owned by the buyer, just claims to profits and losses derived from trading Bitcoin. If this becomes how most people interact with Bitcoin, it will mean a huge amount of the current falling under the control of major and heavy-regulated financial institutions. But the fact that I can log into my Fidelity account and invest last month’s bond payouts into a BTC ETF means that Bitcoin is exposed to a lot more money, so the price will rise relative to what it would be if I had to, say, buy bitcoin in cash from another user on the street. Centralization with the tradeoff of much higher value. They will also bring in more regulation. First, in that these institutions have a lot of rules for how they interact with each other and handle their money, and states and central banks don’t care if that money is on the blockchain or if it’s fiat. So without a single law being passed anywhere, mainstream finance getting into crypto means a lot of crypto suddenly has a lot of regulations applied to it. Secondly, Fidelity et al will not lay down and accept a cold card exploit or similar tomfoolery with their money. They will lobby states and central banks to impose more laws and more surveillance on the blockchain to ensure these “Wild West”-type events do not cause them to lose money. So again, the price goes up, but Bitcoin’s use as decentralized, extralegal currency will fade away.

dondondorito

Robin Hood stole from the Sheriff of Nottingham and the nobility. This guy stole from everyone, including people who are struggling and who only had that BTC. That SOB was hardly Robin Hood.

Tcash9

You feel safe putting your Savings in a hot BTC Core wallet on your PC/laptop? Only way I'd do that is to NEVER connect it to Wifi or Ethernet cable....

fan_of_hakiksexydays

>Do you genuinely believe that MSTR will be worth less than it's underlying Bitcoin in a bull run? Absolutely, since it's currently worth $20B less than its underlying BTC fund. That's because the stock doesn't buy you BTC. It's tied to the share of the company not Bitcoin itself. And the shares are used as a form of raising capital. And they can get diluted. You also can't control when Bitcoin is sold. So for all you know, they're gonna end up getting sold at $30K a coin. Not to mention that Strategy's average BTC cost them $75K. Also, we have to assume that there will be a bullrun again. And looking at the last bullrun, even if we get another one, it might be even more muted and disapointing.

dyedsthaytuned7

Losing that much, especially when it was for your daughter, is brutal.... Youre not alone in feeling angry and shaken and its okay to step back from BTC from a while. Wishing you and your dad strength !

Affectionate_Tea3401

I am keeping everything and thought about this for a bit. Should a miracle happen and funds are restored, I was buying and sending KYC'd BTC. It should be easy to verify ownership both from that but also from my other hardware wallets.

Javanaut018

Well, its known that ppl are dump, but dafuq? Whats the reasoning that supporting other coins than methusalem BTC is bad? xD

Serenaded

dudes with access to the quantum computer responsible for these hacks could do the funniest thing right now. Bet let's be honest how much would BTC dump if he got hacked

Outrageous_Reply8102

First of all, I wish strength to your dad and hope he recovers soon! As for BTC, here’s something positive there: You now have gained extremely valuable and unique experience about investments and their place in our lives. If used correctly, this experience will make you tenfold down the line of your generations. Good luck

quintavious_danilo

Maybe don’t put all of your life savings into BTC. Just an idea.

EyesFor1

Entropy was larger than customer base but small enough to get brute forced. Given time, someone would have created a seed only to find BTC on it already.

Objective-Choice6518

If they hack the ETF's BTC wallet they'll still have to pay you back anyways. It's one os the pros of centralizarion

DaWombat92

This attitude is why so many people don't like bitcoin. It's not the technology, it's the people. Have some empathy for those that have lost their savings when they thought it was more safe on a widely promoted product that was BTC only.

UC_DiscExchange

> The problem is MSTR is down waaay more than what was expected. It's down 80%. This simply isn't true. Anyone with half a brain would expect a leveraged position to drop more than the underlying asset. MNAV 1.05, which is about exactly what should be expected in a bear market. > And things for Strategy have been going worse than they expected, to the point that they had to sell BTC. Again, they didn't **have** to sell anything. They were already sitting on 2+ years of obligations. This is strictly so they can get back to buying more Bitcoin. >So you would need a hell of a bullrun to get back on track. In fact, MSTR would need to go up 400% just to get back its losses. It wouldn't because Bitcoin per share has increased. BPS has increased 56% since then, so Bitcoin doesn't have to hit ATH for MSTR to reach it's ATH., assuming MNAV is the same.

fan_of_hakiksexydays

I think you are a little delusional about how MSTR works. In theory, yes, it's good if they get a lot of BTC, and when we get a bullrun, its should go back up. And it better happen soon. The problem is MSTR is down waaay more than what was expected. It's down 80%. And things for Strategy have been going worse than they expected, to the point that they had to sell BTC. So you would need a hell of a bullrun to get back on track. In fact, MSTR would need to go up 400% just to get back its losses. So you have to assume that the next bullrun will be as big as past ones. Which the last one wasn't even able to match anywhere close and had very disapointing returns. You also have to assume that people will actually buy the stock in a big enough way to get well past 400%.

UC_DiscExchange

> That's not a forecast result, How does one have a "target" without a forecast? > Also, Bitcoin per share is going back down now that they're diluting. Sure if you want to pretend everything between STRC's inception and it's depeg doesn't exist. > So what does it matter if the amount of BTC is up from last year when your shares are also 80% down Because it's a leveraged position the goal is to hold as much Bitcoin per share when we enter the bull market. If you can't grasp the importance of the long-term trend of increasing Bitcoin per share then you don't understand anything about this company.

coffeelover9457

Here are some high-level facts as I understand them: 1. Unknown actors (hackers) moved the BTC of some users of specific Coldcard devices without their knowledge or consent 2. The hackers discovered a flaw in Coldcard firmware, and used technique called a "brute force attack" to sweep user funds 3. The Coldcard manufacturer Coinkite produced advertising material and device specifications stating that Coldcard uses seed generation techniques that offer protection from brute force attacks. It's a main selling point of their product. 4. Coldcard customers used the seed generation feature based on 3. Do you agree with my understanding of the facts? If so, do you agree with me that affected Coldcard users have a strong civil case?

fan_of_hakiksexydays

That's not a forecast result, that's their current result and current net loss. They are bleeding profit. Also, Bitcoin per share is going back down now that they're diluting their shares and selling. If they keep diluting their share that metric won't matter much. Especially since you can't redeem BTC for your share. So what does it matter if the amount of BTC is up from last year when your shares are 80% down, and now they are diluting the coins per shares, while selling, and while the value of the coin has been dropping.

Sensitive_Ear_1984

Why do you think you have to be smart to accumulate 6 BTC? 

UC_DiscExchange

> It missed the target of net loss of -$2 per share and had a net loss of over -$20 per share. There's zero reason to look at their forecasted estimates. They're just guessing future Bitcoin price, it's not actual earnings. > Their reserve goal came at a heavy price of selling BTC, taking on more debt, and diluting their stock. Except the part where Bitcoin per share is up on the year, which is the only goal for their holders. > but now worsen since they have created a much more precarious position. This objectively made it a less precarious situation. They reduced debt obligations and lengthened their runway.

DontListenToMe33

There are always tradeoffs. You use an exchange to hold your money, you’re trusting them with the security of your funds. And that can go wrong, like it did with Mt Gox or FTX. But then you at least have some chance of getting your money back - I think all FTX members are getting money back with interest, and it took a long time but many Mt Gox customers have gotten at least some money back. The bigger the company, the safer your BTC is from hackers or mismanagement. Because they tend to have good security people and are big enough to not go bankrupt before you can file a claim against them. …but then the trade off is that you are at the mercy of the big company. And trusting a big institution is exactly what a lot of crypto people want to avoid…

Silly_Estate_1727

Ok I'll just sold 1 BTC. Go buy 1 BTC back!

-MrLizard-

That was my logic, I went with an exchange because I'd heard so many horror stories of people losing their wallets or locking themselves out. I'd definitely be erring on the side of "too secure" and I'm too clumsy/forgetful to trust myself to never make a fatal mistake. Self-custody isn't the right approach for everyone. There are purists who will go on about how it's not really "my" BTC, the exchanges could lock me out of my account or just collapse etc. Those are risks I'm more willing to take than trusting myself with self-custody. If any of those things happen with the exchange I used and I lose my funds, I hold my hands up and accept that was the chance I took.

Michichael

It's in response to the millions in BTC that have been stolen because ColdKite are criminally negligent.

Rosenant

I think this is a good point. One down side not explored is the hard fork coming later this month. If your BTC is not self custody but on an Exchange. Then the exchange not you will receive the new tokens. Not that I expect them to end up being of much value this hard fork. But I do see the real possibility of a future hard fork where missing out would be financially significant.

na3than

How would that work? "I stole 1.23450987 BTC from your address bc1q48hgcv(...). If you want your coins back, wire $15k to my bank account or send 0.24690197 BTC to my KYC exchange so I can cash out ... but you have to promise not to ask the receiving institution to reveal my identity!"

devCheckingIn

Bro went from "never sell your BTC" to selling BTC left and right in a panic. Maybe he should have introduced STRC in a bull market?

Imaginary-Case3976

He’s right. He can write it off but after wash rule. Assuming it’s US tax law. Simple example: Buy 1 BTC at 100k at day 1. Sell it at 60K day 30, Buy at 70k at day 61 Can write off $40K of years.

Kurosaki56843

No point... The BTC wasn't hacked, wallets were. The coins are fine, they just have a new owner now lol. Bitcoin itself worked exactly as designed: the attacker had valid keys, so the network processed valid transactions. That's kind of the whole horror of it. And the stolen coins mostly haven't even moved, they're sitting in consolidation addresses. Nobody's market-dumping 1,300+ BTC right now, which is why price barely reacted. The people who should be sweating aren't traders, it's anyone holding coins on a seed generated by a Coldcard in the last five years.

RiverOfficial

Hi, At River client bitcoin is fully protected using a custody solution that does not depend on 3rd parties. The infrastructure was built from the ground up. We use multi-signature cold storage and show monthly proof of reserves. There are also specific features which can be used to help protect your own account security such as ForceField (limits BTC withdrawals), 2FA, new device security and 24/hour account monitoring. Let us know if you have any other questions!

True-Lychee

Saylor has never sold a single Sat of his own personal BTC. This is purely operational necessity for his company.

True-Lychee

Saylor says he has never sold a single Sat of his own personal BTC. This is purely operational necessity for his company.

Yodel_And_Hodl_Mode

> You can do everything right and still lose everything because of a bug you had zero way to detect... I fully admit, I got lucky on avoiding this disaster. I was a Ledger user. When Ledger added key extraction capability to their devices back in 2022, it really shook me. People say "You don't have to use it." But how can you confirm there isn't an exploit in the code that could allow hackers to use it? That also made me question everything. The self-custody model I came up with for myself is this: 1. Generate my own seed phrase by hand, so I know it wasn't made by code. [BTC Hardware Solutions](https://btc-hardware-solutions.square.site/product/entropia-v2-seed-tablets/11?cp=true&sa=true&sbp=false&q=false) sells plastic seed words for this, but I did it DIY. Dump 'em in a popcorn bowl. Pick a word. Write it down. Put the word back in the bowl. Shuffle 'em. Pick again. Do this 23 times and let a hardware wallet calculate the checksum word. Use a second hardware wallet to confirm the checksum was done right. I also picked another batch of words to use as a passphrase (not gonna say how many but, more than 7). 2. I switched to open source hardware wallets. I got two so I could have one confirm what I was seeing on the other. I don't need this for transactions, but I swear by it for generating wallets. I used a Krux and a Jade. [Krux](https://selfcustody.github.io/krux/getting-started/installing/) is free and open source hardware wallet firmware that runs on K210 devices. It's partially funded by OpenSats. It's legit and awesome. Krux is also fully airgapped, stateless, and uses encrypted seed QR. Passphrase QR too. 3. I bought a small safe and I put a home automation sensor on the safe. If the safe gets opened or moved, I get a notification on my phone, computer, etc. Aqara sells home automation stuff that is really cheap and really good. I saw a video of a guy who has an Aqara sensor on his dining room window that lets him know if the window was left open and it's raining. That's where I got the idea. I think this setup is rock solid. I know my seed phrase has true random entropy, because I generated it myself, randomly. I know my device can't be hacked over the internet, because it's never connected to the internet. I know my seed can't be gotten if somebody steals my hardware wallet, because my seed is wiped from the device every time the device shuts down or reboots. Yes, I have to load my seed every time. That's what Seed QR is for. I know my Seed QRs are safe. They're in a safe, but they're also encrypted. Nobody can read them without the decryption key. I know my safe itself is safe. I can prove it hasn't been opened or moved, even when I'm not home, thanks to Aqara sensors. **Yeah, this sounds like a lot of work.** Really, it wasn't. And that's the thing about self custody. When you shift your mindset from Trust A Company to Only Trust What You Can Verify, it leads you to ask questions, like "How can I prove this thing is generating safe seeds?" I've looked at ColdCard's firmware. I don't have the talent to read that kind of code. Maybe you're thinking "But you have to trust your hardware wallet when you do transactions!" True, but I can verify everything by checking it on two different hardware wallets. And when I was first setting all of this up, I did. **I hate that self custody is so difficult.** I find it easy now, but it was hard when I was starting out, and I do think it's too hard for the average newcomer. I don't mean people on a reddit sub like this. I mean average Joes who don't even think to read stuff like this. Sadly, we're still in the early days of Bitcoin and crypto in general, which is why it's still like the wild west. All of this stuff will get easier. Much easier. But sadly, we're nowhere near that yet.

Gooner_93

We need more info. Did he expose his seed on a fake app and get drained? When I look at the transaction history, 6.06BTC got sent from his address in one transaction. Nobody should be sending that much out without a test transaction, wtf...

Gibberish_16374

Right, nobody buys a $150 cold card to store $200 BTC in a decoy wallet. The hackers know that.

MakCapital

Stop pretending. Some niche eBay style market for whales trying to make deals on single trades is not at all trustless or providing fair market value. Definitely not easy, and you're trusting very shady software with your keys. Also getting killed in fees and low offers. Monero doesn't support smart contracts. The only way around this would be to build an entire on chain exchange like Thorchain or a CEX. - This is not a real on-chain market. Private deals between 2 parties. - The few market makers that are offering these sales can swipe up to 5% of the deal without consequence. They hold the authority. - You need to give these shady wallets your keys. High chance the couple makers involved are also behind the wallet itself. Couldn't be more trust based. Again, a ton of misinformation from desperate large holders that build "wallets" like this to get back out to BTC or cash. Most even depend on escrow when they can't enforce their no refund on x percent policies. The fact your response starts with "of course" is enough to show intellectual dishonesty. Talk when someone like Thorchain launches or complex contracts added to Monero.

_FireWithin_

If you got no more BTC, you got the wrong firmware.

Javanaut018

Maybe they did and nonody notices the 20 or 30 BTC that were not put on those addresses currently in focus?

JackfruitHorror6051

If you own a coldcard why would any one keep it after this hack. Move all of your BTC to a Ledger Nano. Throw your coldcard out!!! I would never use that brand again sorry. not sorry.

blaziken8x

Personally I just keep all of my crypto in a cold wallet and I don't have any of it on earn/yield/stake. I don't bother with that because to me personally it's not worth it and I don't know the tax implications and I don't want to bother research it. But if you put BTC on earn on Binance there is probably no risk (aside from entire Binance collapsing) If you earn a couple of % per year on 300 something bucks, that's like 4-5 bucks.

EnjoyerOfBeans

It would be BTC, BitGo wallets require 3 keys, 1 of which is held by BitGo and 2 of which are held by the BTC owner. So unless AI can crack 2 master keys, it's not getting into this wallet, and if it could, BTC would become worthless instantly anyway.

Scarab702

I have some BTC silver rounds that I collected recently. They are 2018 to 2023 and all are 1 oz silver with cool designs. That design is very cool. Go on eBay with your phone and take a picture to see what comes up. Download the app first. Hopefully something pops up.

EnjoyerOfBeans

How is this a gamble? Wallet addresses are publicly available on the blockchain, if he's holding that BTC anywhere then it's susceptible to a hack if one was possible. The AI won't break into a BTC wallet and he knows it, he's making a point with his post. If it was possible to steal a BTC wallet with AI then BTC would go down to $0 the same day anyway.

fan_of_hakiksexydays

STRC is still unpegged. Despite raised yields and raising back cash for yields. MSTR is still down about 80% right now. $4 billion in cash after having to dilute shares and sell BTC because the ship is sinking. But now they have to spend even more of that cash with the buy backs, to basically balance back their debt obligation, pay dividends. So that's billions that are gonna be gone pretty quickly. It will save their asses short term, but if this bear market doesn't bounce back quickly into a bullrun, they are gonna be back to square 1 pretty quickly.

Steel-Tempered

In-person cash deals, or other off-exchangr deals. I'll pay you X cash right after you transfer X BTC to my wallet. Basically, BTC laundering.

fan_of_hakiksexydays

He did plan on cash reserves, as long as the bear market doesn't last too long. But he also said this bear market wouldn't last long, and we'd be back in a bull market later this year. So this bear market has to turn around within the next few months. I don't think they also planned out how quickly MSTR would dive, how long STRC would stay unpegged, how high they'd have to raise yields (still above promotional yields), or that they'd have to resort to selling BTC. They probably didn't expect they'd have to take this much money out of their cash reserves that were supposed to last close to 2 years. The fact that they not only can't buy BTC anymore, and are even now forced to sell BTC, really shows that this isn't going according to plan.

ecrane2018

It’s backed by crypto and bonds, things that have tangible value. Ponzis have 0 assets backing the returns promised to investors. People give money to strategy to manage a BTC portfolio which is what they do with it. The poor management comes from the idiotic strategy-c shares with the dumb yield that can only be maintained during a BTC bull run.

Silly_Estate_1727

Ahh ok your definition of pseudo stock was misinterpreted by me. I bought BTC purely for speculation.. just like 99% of the people here. I think we can safely say.. that's all crypto is at this point. Absolutely no usability.. and the argument of "new tech" is gone now that it's "old tech".