BTC

NoFapLawyer

I think some people are here in this discussion clambering for the prompt because they want to vibecode the other hardware providers to see if they can abscond with others BTC. Why would you need the initial prompt when it's pretty obvious what you need to ask the current LLMs? Attackers have already pilfered CC users; it's only obvious that other threat actors are going to be looking at other providers now with the assistance of LLMs.

Svoboda1

Owned? No clue but someone did vibe code this web app. Currently 1,359 BTC have been swept if it is accurate. [https://coldcard-watch.vercel.app/](https://coldcard-watch.vercel.app/)

Retire_date_may_22

I mean the asset has to be physical and tangible. An electronic asset is always subject to hacking. Always. In fact I wouldn’t be surprised if BTC in total is a government opp of some country.

FewCinnamon

I agree. It's good to diversify and hold multiple asset classes. BTC, S&P500 & Intl index funds, gold

Smokin2022bbq

How would someone secure their BTC if they were not yet compromised?

CeramicDrip

Better than nothing. It has gotten more companies to invest in BTC

quintavious_danilo

BTC is lot for you then.

NonVideBunt

Yeah that comment was made by Buffet towards the stock market not BTC and shit coins… doesn’t exactly work well when 99.99% of them fail and BTC probably will end up being a joke.

Weird_Toe4543

I don't know much about btc or deal with bitcoin or any coins at all. Stupid Question: what the OP meant by '2 BTC were drained'? Isn't the price of bitcoin higher now than 8 years ago?

superkrizz77

If this amount of effort is what it takes to keep your BTC safe, then we’re all fucked.

Suspicious-Holiday42

Wouldn't the forked chain need to receive its own name, like BTC110 or something

NorthSky6

I’m no og but damn the simple thing rule that’s around BTC is to never trust no third party… how did so many OGs fell for this “cold-wallet” when it was clear that you’re clearly outsourcing that trust factor onto a company

outoftownMD

Everyone howling about a $5B BTC sale. 

OpticallyMosache

If you use a passphrase wallet to hold your coins... Do you think it's safer to leave the primary private key wallet (without the passphrase) holding 0.0000 BTC or 0.000015 BTC?

MakCapital

Someone holding Bitcoin for people does not compromise the network 🤣 BTC the asset holds 0 network authority.

No_Yam5924

why someone would me believe that coldwallets is dangerous when $BTC 50% down from high?

chalkhara

Just DCA and hold, the mentality of " I coulda bought a xyz by now" is going to bite you if you give it too much air. Just keep stacking BTC steadily with your other diversified investments.

ShittingOutPosts

It still is not your keys not your coins. Exchanges simply offer you an IOU, that hasn’t changed. But I completely agree with the person you responded to. Most people will never understand how to truly secure your BTC, and even now I’m second guessing what I understand.

proofofderp

The FUD posts are making me bullish if anything. It’s a good wake up call on custody and how vigilant you have to be. Wallet diversification has always been my strategy so this episode in wealth sovereignty (not BTC) backs that thought. For those who have to start over, bear market is as good a time as any. May the sale persist for a while longer.

Heavy-Syrup-6195

Easier said than done, but you’ll bounce back, OP. It’s tough because like with most things, it’s the journey and the journey to get to BTC I’m sure is more painful than the thought of losing a whole BTC. I was a victim of Blockfi AND Celsius, and lost more than a whole BTC. I know that doesn’t help with your situation but time really does heal all - especially if you have the courage to restack your sats and look for other opportunities to help recover the loss. Maybe you’ll be a whole coiner again, maybe only partial, but as Rocky Balboa said: it’s not about how hard you hit but how hard you….. 👊

Broric

People are going to start selling BTC dice which are loaded in some way :p

dcgradc

0.000030762 would be $2 3 millionth of a BTC

TxTransplant72

On top of this…don’t forget the 2008-2009 financial crisis. Banks can and do go bust overnight. So thinking about where to store your assets, diversification is still recommended. Say you move your BTC to an ETF and the ETF gets attacked and BTC goes missing. SPIC protection is outlined as follows: Protection for brokerage accounts These accounts (taxable brokerage, Roth IRA, or traditional IRA held at a broker) are generally protected by the Securities Investor Protection Corporation (SIPC) if the firm is an SIPC member: • Coverage is up to $500,000 per customer per firm, including a $250,000 limit for cash. • It protects against the loss of securities or cash if the brokerage fails or assets go missing (e.g., firm insolvency), but not against market declines, investment losses, or bad advice. • Different account types often count as “separate capacities,” so a taxable brokerage account, a traditional IRA, and a Roth IRA at the same firm can each qualify for their own $500,000 limit (potentially $1.5 million total in that example). Traditional and Roth IRAs are typically treated as separate.  Many brokerages also use bank sweep programs for uninvested cash. Once swept to partner banks, that cash can receive FDIC insurance (up to the standard limits, and sometimes higher if spread across multiple banks). So, seems prudent to spread your custody around. These are dangerous times, friends. Stay safe out there.

East-Day-7888

No one is saying crypto isn't the answer for these kinds of problems. What I'm saying is that the volatile tokens themselves BTC, XRP, SOL, etc. will never be the answer. Using them as settlement liquidity exposes everyone to unnecessary price risk and impermanent loss. There's no reason you couldn't swap USDc to EURc using stablecoins over a network like HBAR as the settlement rail instead. The entire "token as liquidity" narrative is completely dilusional and not how real businesses manage money. It's an idea that gets repeated in crypto echo chambers, then amplified by news outlets who use AI content trained on Reddit and other socials. a $10,000 XRP is a dilusional narrative created by people who do not understand how finance, treasury management, and commercial settlement actually work.

FromOrionToUranus

The writing was on the wall since the beggining of BTC. Its not the future of any thing, its not early, it doesnt address any real need, Will never get adoption. Its worthless to anyones outside the bubble you guys live on. Im sorry to be so direct but if you havent understood how worthless BTC is by now, theres not much that can bé done for you.

No-Reading-4384

Same problem got hacked for my 2 BTC

I__G

ColdCard – 1,433 BTC

thenamelessone7

Might as well be pre-mined when the creator mined 1 million BTC at close to zero difficulty at the beginning. Half of the terms you listed have also negative flip side. BTC hasn't improved the world one bit. It certainly made some people quite rich. And that's about it

exitof99

Coinbase randomly required I revalidate my bank account, but it wanted me to do so using Plaid. Plaid actually required at that time (and still might) access to your banking web portal. They literally created fake bank login screens that looked like your bank, and if you entered your username and password, it would then sign into your bank account to "verify" your account. I realized something was off, so I refused to sign in at requested to my bank account. They wound up getting sued for this and settled a $58 million dollar class action lawsuit (admitting no wrong, but happy to pay out). In order to fund Coinbase, I used a convoluted way which involved setting up an account with Fidelity because they do not charge for wires, wiring funds to Kraken because they didn't charge to receive wires, converting the USD to XLM, transferring the XLM to Coinbase with low fees, then selling the XLM at a percentage or two above for a small bump. The funny thing is I would up really liking Fidelity and have since been investing in stocks rather than crypto. I do miss the 24/7 trading, but I'm lucky to have about broken even with all of my crypto adventures (did well with BTC, lost on alts). And if you want volatility, the Elon stocks are that. Bought TSLA at sold for 130% profit. SPCX is doing the exact pattern of a new crypto on an exchange, opens and spikes, then drops below to initial price and slowly declines. I fully expect that SPCX will be another TSLA over the next few years, so DCAing it.

UrbanGrower187

Over Bitcoin’s full 16-year history, no major asset class has delivered better cumulative returns. A handful of individual stocks have outperformed during certain periods, but saying ‘many stocks regularly outperform BTC’ ignores the long-term data

pablo_in_blood

Someone commented elsewhere that someone actually did discover this a couple years ago, drained a wallet to prove it, and showed ColdCard. They didn’t fix it. Either way I think ColdCard is at fault but if that’s true it’s completing damning to ColdCard as a brand (not to BTC as a protocol)

iGlutton

And at the current reported number, it looks like its currently the 4th largest BTC hack. This is like a modern day version of a train robbery in the Wild West.

Cristek

BTC was never hacked... Exchanges and non open-source wallets were...

Informal-Height7138

Former banking background here, so CFDs are familiar territory. Honest answer: they solve a different problem than the one you have, and for holding they’re one of the worst instruments available. Three reasons. First, ownership. A CFD gives you no bitcoin — it’s a contract with a broker that pays you the price difference. You’re not removing counterparty risk, you’re concentrating it: if the broker freezes your account, changes margin requirements, or goes under, you’re an unsecured creditor. That’s the exact failure mode people are fleeing exchanges to avoid, with extra steps. Second, cost structure. CFDs charge overnight financing fees — they’re designed for positions held days, not years. Hold one long-term and the fees quietly eat a meaningful slice of any gain. It’s a trading instrument being misused as a savings vehicle. Third, the honest comparison. If what you actually want is price exposure without custody responsibility, CFDs still aren’t the answer — regulated ETPs exist in Europe for exactly that, with proper fund structures behind them. Different trade-offs, but at least built for holding. So the real question isn’t BTC vs CFD. It’s: do you want to own the asset, or bet on its price? Both are legitimate choices. But if recent wallet news scared you, know that the fix for custody risk is boring habits or regulated products — not a side bet against a broker.

Rhaenys77

But it WAS noticed. Someone in another thread posted a yt video from 2(!) years a ago and the guy describing exactly this problem. He said he drained someone's wallet and send everything right back to alert them that there is a problem. But somehow in the BTC space with everyone discussing everything over and over it went unnoticed and this concerning a hardware solution that was pushed and promoted so heavily 🤔🤷🏽‍♀️

Svoboda1

The Coldcard hardware wallet (made by Coinkite) had a firmware bug starting in 2021 that made some of its Bitcoin seed phrases far less random than they should have been. They had 40-72 bits of entropy (depended on which device you had) as opposed to the base 128-bits it should have had. This left many wallets guessable by attackers, who have now swept hundreds of BTC from those wallets. Just to give you a time reference, 40-bits can be cracked by 1 GPU in \~10 minutes whereas 128-bits would take 5.4 sextillion years. Anyone who generated a seed on affected firmware without using their own extra dice rolls or that added a strong passphrase should create a brand-new seed and move their coins.

thenamelessone7

That's not what I said at all though. BTC is the most obsolete shit. All it has going for it is the first mover advantage

Savik519

[https://en.wikipedia.org/wiki/Bank\_robbery#History](https://en.wikipedia.org/wiki/Bank_robbery#History) Ok, not every day but banks used to get robbed a hell of a lot more than today. It was real risk holding money in banks hence people put money under their mattresses, or equivalent. All I am saying is we are still in that bank robbery era of BTC and will need to develop into a more secure holding environment.

cuttyranking

The whole thing about cold storage was for fanatics and nerds who liked the idea of talking down on people who used services like eToro or robin hood. I never saw the security in handing my BTC security over to a device manufacturer that is completely unregulated.

iGlutton

Unregulated markets and all that? This is the other side of the coin (pun unintended) rearing its ugly head. The freedom it provides also means there isn't as many, or potentially any, protections for the wallet holders when an attack like this happens. And with some light googling on ColdCard, they based in Canada and privately owned. They were also open source code, and the intention behind that was "people can check our work to see its safe" to put it plainly. It just so happens that also opened the door so when someone finally did check with a powerful enough LLM down the line, they either were checking with nefarious motivations or saw the vulnerability and succumbed to the temptation stealing a very substantial amount of BTC. Shutter the windows, lock the doors, turn the lights out, and disappear into the night. Oh man, thats super fucked. I hope CC face some kind of accountability and I wonder if we will ever find the identity of the attacker. Part of me wonders if it was someone inside of CC who noticed the opprotunity and took it.

dashmckenzie

i lost my wallet that i had since 2013. only 1 BTC but at one point it would have been life changing. i feel you, stay strong

ejcitizen

2011 – 25,000 BTC stolen from Mt. Gox. 2012 – 24,000 BTC stolen from Linode-hosted Bitcoin services. 2014 – 850,000 BTC lost/stolen in the collapse of Mt. Gox. 2015 – 19,000 BTC stolen from Bitstamp. 2016 – 119,756 BTC stolen from Bitfinex. 2017 – 4,700 BTC stolen from NiceHash. 2018 – 7,000+ BTC stolen across multiple exchange hacks. 2019 – 7,000 BTC stolen from Binance. 2022 – ~3,300 BTC exposed in thefts related to the FTX collapse. 2024 – 12,000+ BTC stolen from DMM Bitcoin (Japan). ... Despite all of these Bitcoin hit an all-time high of 126K after 2024... 1350 bitcoin stolen from Coldcards are nothing burgers.

JanPB

Not BTC problem. A faulty device problem.

Halfgallonkalin

We will miss you and your 0.001 BTC level of support.

username12435687

You're exactly right, and honestly it all exists in such a legal grey area I wouldn't be surprised if CC and their personnel just fade into non existence and face 0 real consequences for their actions. That's the unfortunate reality of BTC and recovering funds can sometimes be an impossible feat. I truly feel for all the people who have lost funds due to the complete negligence that CC has exhibited.

popoppopcorn

I don't self-custody, but if I did and I had used a device to generate my seed phrase. I would temporarily send all my BTC to an exchange, then roll physical dice to create a new seed phrase using high quality dice, along with debiasing methods when rolling. This way you are not at the mercy of a 3rd party for seed phrase creation. I mean this seed phrase is supposed to protect your BTC, so if it takes you a few hours to roll dice and debias to create a seed phrase, it's clearly worth it. I'm not saying trezor or other devices are unsafe to generate seed phrases, but it is an added potential point of failure as seen with the coldcard draining that is happening right now.

GesturalAbstraction

We’re still in a bear market and in the meantime, AI continues to go on a rip and affect real world change at the level that crypto enthusiasts had dreamed crypto would have and… still just hasn’t quite happened like anybody said it would. So crypto is not really in the spotlight right now, instead it’s AI. Meanwhile FI infrastructure is quietly building on top of RWT, making this a great time to accumulate ETH and/or BTC at really great prices.

exitof99

I started with paper wallets, but when I wanted to do anything with the funds (I was receiving BTC from NiceHash back before ETH went PoS), Coinbase/GDAX didn't support paper wallets, so I had to use a wallet with another website, then transfer to Coinbase. It seemed safe, and ultimately once you've done it once it's not difficult, but you have to pay fees for those two steps from paper wallet to digital wallet to exchange.

uber_poutine

Not yet they're not. Right now they've got a wallet with *a lot* of BTC in it. Turning that into fiat or anything else, with this much attention on them? That's going to be the clever bit.

Hypnot1se

As a complete outsider this is one of my absolute biggest concerns for BTC. I don't doubt that for skeptical, well educated and intelligent people that holding BTC and dealing with operational security is not an issue. However, I can see for a large percentage of the population issues like this being a complete dealbreaker and I can see that these kinds of issues might present a barrier for BTC to become a mainstream functional currency. Is that really an actual objective for peopel holding BTC or the community? Do you or others actually "care" about how functional BTC is as a mainstream currency or is it just about something else?

Open_Situation686

Seem to offended you. BTC has traded sideways for 5 years and is sold as a replacement currency with a key feature being safety and security. On the flip side, we are seeing technical revolution at an incredible pace in the space sector, robotics, autonomous vehicles, and the entire ai build out. If during this gold rush you haven’t come up with a strategy that both incorporates high growth plays and risk mitigation and instead are just putting it all into BTC - you sir are the vibes investor

LittleTwo9213

This is the exact reason why mass public won’t adopt BTC.

jwhendy

I wrote a post looking to discuss all the aspects of BTC custody and operations that rely on software. I think it's a good time for us to educate ourselves on *all* the places there might be oopsies waiting, and crowd source ways to prevent this.  That post has been awaiting moderation approval since last night. This and other posts reek of AI and slide right through? P.S. Sorry if I'm wrong, losing 1BTC would be horrible. It just has that smell to it (drama one liner intro, setup then punch line, "and the worst part?", not x but y). You're not posting details like an address or timeline as others have done, either. Maybe when things are really bad and scary, we can take a deep breath and write them ourselves.  P.P.S. Sorry if you wrote this yourself and I can no longer tell the difference.

ivanjurman

\> I can imagine how devastating it is to do “everything right” Well all those people who lost their BTC this way, surely didn’t do it right, they were supposed to also use a passphrase… all they gad to do was use a password generator and generate a strong 20+ character passphrase that takes at least 9 septilion years to crack and their wallet would be safe, even if someone knew their seed

AncientTrainer3939

Feel for you man Don't mean to twist the knife further, but was your BTC across multiple coldcard wallets?

ShittingOutPosts

I wish more people realized this. BTC is the only one with holding long term.

Escapement_Watch

I'm really sorry for your loss. Try not to beat yourself up or feel embarrassed. You did everything right based on the information and setup you had, and taking responsibility to build that security for your family in the first place shows your intent and commitment. The silver lining is that BTC is down right now, which means you're still early. The market is giving you an entry point to stack back up, and the knowledge and discipline you built getting to 1 BTC the first time haven't gone anywhere. You know how to do this, and you can get back there.

Catoutofthebag69

You do know you can take a loan against your BTC now and there are…like.. a shit ton of companies that accept bitcoin as payment now right? You’re up and down this entire thread acting like a cuck to dollar bills when in reality a lot of us have already paid for things in BTC. You just look retarded or inexperienced 😂

username12435687

Because an AI was able to discover the problem in 8 minutes, that should be a huge red flag and something that the CC software engineers should have double triple quadruple checked. The entire security of the wallet hinges on that RNG call functioning correctly and they fucked up big time and it's now cost people tens of millions of dollars. Even if their code was written before AI was as advanced as it is now, that's basically the entire point of the security of the wallet and they messed it up. Also that comment as you understand it isn't entirely correct but gets the main idea right. Basically, there should have been x number of possible combinations that would lead to the seed phrases being damn near impossible to crack with current technology. There's this idea called the birthday paradox where when you have a room of just 23 people there is approximately a 50% chance that 2 of those people share the same birthday. When CC improperly implemented entropy in their wallets, they called ONLY the software RNG and not the hardware RNG on the secure chip in the actual hardware wallet. In doing so, they minimized the pool of possible combinations for seed phrases from an astronomical number of combinations (approximately 340 undecillion combinations) to a much more manageable pool of combinations (roughly 1.1 trillion). After that all the attacker had to do was replicate the possible combinations of the 40 bits of entropy and then begin generating wallets. This is where the birthday paradox comes into play, once he could generate a wallet that had a crossover with an already existing wallet with the same seed phrase, he queried a large cryptocurrency exchange to determine if those wallets he matched up with had any UTXOs (evidence of transactions to and from the wallet) to decide if they were a good target to sweep the btc from. He likely did this all in the background for some time before actually implementing the attack so they could steal as much as possible before the attack became a known issue. Basically CC majorly fucked up and left their wallets unsecure for years and someone finally discovered this issues and then weaponized it to steal tens of millions in BTC. This post just shows that CC should have been auditing their own internal code because an AI agent discovered the issue in a matter of minutes. This issue is also still present on the newer generations of cold cards as well albeit not nearly as severe. Even on the MK 4 and MK 5 wallets, they are only implementing 72 bits of entropy (4.7 sextillion possible combinations) which makes them significantly more secure but still much more vulnerable than a wallet with the correct 128 or 256 bits of entropy. This is entirely on CC and the fact that this went unnoticed for so long or even if they did notice it and continued to just push a fundamentally broken product out to their customers, it's just unacceptable. They had a responsibility to their customers to create a product as they promised which was secure, and safe, and they did the opposite and now here we are. This post is just shining a light on how incredibly terrible their fuck up was.

Lavayo

From me too. I did nothing different except using another wallet because coldcard is not that popular in Europe I believe. It could have been me. You did nothing wrong, the company did. And anyone now saying: "Obviously do you own RNG, who trusts a device?" >99% of hardware wallet users. I know this won't fix anything for affected people, but I hope this blows over quick. After all, the problem were weak wallets because of a faulty product. BTC did not get hacked. Ibit is NOT a safer place. If coldcard had a bigger user base I wonder if we would have seen two coldcards generating the same wallet sooner or later if this would have continued undetected.

Original-Assistant-8

I've actually concluded it's better for utilty coins if BTC sorts this out and I think it can (as noted in my post) In fact I've shared ideas on how BTC may want to approach it. I see QAN as going after new markets. No need to hide that viewpoint

thenamelessone7

It moved alongside BTC. So maybe go ask BTC what price action it has in mind

dee_lio

Ok, fine. The numbers on the ledger that correspond to the stolen BTC could be infinitely traced, so someone at the end of the day winds up with stolen property.

Historical_Quail_463

lots of traders forget that for every buyer expecting BTC to hit $70k, there’s a market maker or institution on the other side selling that call to collect premium, fully expecting it to expire worthless. OI shows where the leverage lives, not where spot is forced to go.

Beamjumper

I know that lady - she got in when BTC was at $25 and is now checking her balance, cause her couch potato son needs a loan.

ArugulaPotential366

I have trezor BTC only edition not a large amount of sats though. Am I good for now and when do I start learning about all these techniques

Lord_Gudda

Wondered the same. It will tip over as BTC continue to fall bellow 60k and lower. Thinking of a scalp ADA short

Sensitive_Jelly_5586

I wonder sometimes if it is all planned. This latest vulnerability is now telling people to put their BTC on exchanges. The next vulnerability or hack will be on a major exchange. Just my thoughts.

feltusen

You aint keeping BTC under your mattress. Its on the chain

Dormage

So sell BTC and buy AI?

Historical_Quail_463

​If BTC goes up 12% but the total network hashrate goes up 15% because more efficient rigs come online, hashprice drops. Combine that with low transaction fees right now, and of course miner revenue feels squeezed despite $64k BTC.

TransientbeingZ

Costs less than losing BTC on cold card my dog

ARRRtoshi

We startet trying to exit the fiat establishment with BTC. Now we're letting the fiat establishment custody our BTC in an ETF, which makes it useless as actual money.

LevelStationaryPlane

Yes I said this yesterday why wouldn't someone collude and lobby to fake a crash to push people AWAY from self-custody/tarnish BTC when the Gov is on the fucking ropes w inflation etc...? WAY too many of you fall for Hanlon's Razor aka "an intellectual masturbatory pass that allows psychos to continue psych-oing, you fuck" etc.

marsmat239

sounds like the OP just lost 3BTC completely, or 189k, and has to start back from 0. $189k losing 4% in value 5is year still leaves me with 181k in actual value, not 0.

Historical_Quail_463

Most micro-earning methods (games, faucets, testnets) end up paying way below minimum wage when you factor in time spent. ​The most underrated, genuine way? Invoicing in BTC. ​If you do any freelance work (tech, design, content, consulting), just ask clients if they're open to paying via Lightning or On-Chain, or use a service that automatically converts a portion of your invoice to BTC. It turns active income into instant DCA without relying on gimmicks.

arveena

I agree but I also think you forget one super important point. Lots of people buy BTC not because its decentralized but because its deflationary AND decentralized. That's what makes it valuable even in it just beeing decentralized is not needed for you it beeing deflationary AND decentralized may make it better for you than stocks or gold. Those people should still just buy an ETF though

G0mery

Hey, at least you got yours. I was DCA in BTC and gambling small amounts in shitcoins for fun. Lost my whole stack to those assholes and got back pennies in the dollar in the settlement. I hope they die in prison.

retro_grave

People say a lot of things. If BTC was "broken", just go have AI break it. It's not, and the broken thing was a company's poor understanding of building embedded software and compilation units.

Only-Brilliant1921

Right. The question is, why people with more than 1 million in BTC didn't know about it.

CheckOutDisBug

You’re scared of ghosts and *we’re* the exhausting bunch somehow. Lol. As long as you have your seed phrase stored securely you and your BTC are fine. No reason to sweat out of your shirt because you have to run an update.

bbchucks

8Hours ago - It looks like Trump Media sold another 2,628 $BTC($165.07M). Verify it here - https://arkm.com/explorer/entity/trump-media

LevelStationaryPlane

Says the guy relying on transferring his BTC to cash to do anything with, etc. Your bank let you pay that mortgage in BTC, cowboy? No? They're just fiat marks bro they don't understand BTC lmao.

QTippus

Agree with all your points. If we assume (safely) that AI helped discover this vulnerability (yes, I know a person reading the code could/would/should have seen it without any AI) it means the average Joe couldn’t sleep well owning BTC, knowing the next LLM released or quantum computing might be the one to steal their BTC. Average Joe does not want to keep up on technology news in order to feel like their money is safe.

LevelStationaryPlane

...As you sit on BTC that has to be transferred into cash to do anything with, etc. You buying coffee and paying bills with BTC like you claim the future will be, Gumby? Keep tripping over dollars to save dimes, you're totally ahead of the pack here.

schubeg

How about you send me 1 BTC to invest for you and find out?

Adventurous_Garlic58

\+ Coldcard hack spurred surge in small BTC transfers under 1 BTC, hitting 39,600 BTC moved in one day-the largest daily volume for small transfers since Nov 2022 for BTCUSD spot CFD traders.

aphex3k

If you rolled dice and use a strong password you should be unaffected. If you didn’t, I would drop everything and take care of it for 2 BTC.

gigasawblade

He changed metrics again recently. Now "yield" metrics are on the bottom of a second page, somewhere below new "net reserve", "net btc per share" , etc. And conveniently these new "net \*" metrics don't decrease if BTC sold for cash, or used to buy back STRC

grraarr

Again, not true. What was done to these holders was a CRIME, so it’s clearly hyperbolic to say there are no protections. What you mean to say is there’s no sophisticated process where someone else insures your repair when damaged. That’s entirely different. You’re comparing a mature system completely embedded in our economy to an upstart. Obviously I don’t think BTC is perfect but you’re focusing on problems it wasn’t even designed to solve. 

tomandrews

By that same logic, how do you know it will go up? All we have is historical data, which suggests BTC operates in 4 year cycles. I subscribe to that logic, whilst also  watching liquidity, Fed policy and ETF flows rather than counting months from the halving.  This has worked well for me, and I’ll continue to apply that logic. Not financial advice, obviously, and you know your own position better than I do.

Odd-Fun-1482

yeah ive stopped my ETH dca in favor of BTC. I might break even during the bull run on ETH, but any growth beyond that would require serious development. BTC on the other hand i feel this is a very fair price point, bar anything stupid happens in the next couple of months

Old-Cardiologist-545

Just a side note… I have decided to stay with my MK4 but to generate a seed with dice roll (NOT THE COLD CARD DICE ROLL)… THAT IS COMPRISED AND YOU SHOULDN’T USE ANYTHING GENERATED BY COLD CARD… I WOULD ARGUE THE SAME FOR OTHER HARDWARE WALLETS. Also add a Passphrase… something that is long enough and complicated. Write everything down on a piece of paper… never digitally. Make sure everything is correct before sending BTC. Everybody, be careful out there and if you are ever in doubt… reach out to butcoiners. Bitcoiners help each other. Good luck, Cheers.

DamnDaniel617

How did you lose your BTC on a cold wallet?

username12435687

In the previous post he just pointed Claude at the codebase and said look for vulnerabilities which is likely the exact same thing he's done here. You're talking about reproducibility so maybe just ... Go do it? If you're so concerned about OPs process then go ask it yourself. It's also 100% not a false positive as it is the EXACT know issue that has been reported by numerous independent labs that have looked into the vulnerability as well as the exact issue described by coinkite in their own write up. The code does not properly call the hardware RNG element and thus the software only RNG call introduces ~40 bits of entropy when the minimum standard is 128 bits of entropy and 256 bits being even better. It's not just making something up and pulling it out of its ass it's describing the exact issue that cause approximately 1,300 BTC to be stolen. How can you be so skeptical with the evidence literally right in front of your face?

kendo581

BTC right now is just an interesting idea, no different from any other idea. It has no value itself. It only has value because people think when they get some particular zeros and ones, others have less to get. Crypto fundamentally relies on peripheral tech to maintain its value (paper/pen, CC exchange, etc). However, when you can't truely trust that what you get you can keep, then it's really nothing but a bad idea. With AI hacking coming, I don't really see how you can really expect to have truely safe crypto.

futurefloridaman87

It’s called SPIC coverage. In some crazy world where that happens, BTC ETF owners are covered on the first 500k under SPIC since the ETFs are obv all securities. Firms all buy excess coverage over the required 500k amount, most all the way to amounts no one here has. For example Charles Schwab, you’d be covered on your first $150 MILLION of value.

Dragon_slayer1994

That's because there's zero reason to actually hold real BTC for me right now. Absolutely zero use for me.

schubeg

Fr. Every idiot knows the majority of BTC use is scams

Blade_Runner_69

Well said. I know it can get a little tribal in the BTC space, we all have our favourite platforms and devices and often defend them to the hilt. But I sincerely feel bad, and hope all effected stay strong. 😢 What I find disgusting is the people who mock the Coldcard users who lost BTC. Majority of them are from that deranged Buttcoin sub. Their karma will come. I'm hardcore BTC but I would NEVER go to a stocks and shares sub and mock people who lost through leverage or bad decisions. Just shows they are psychopathic scum. I will however mercilessly mock Coldcard the company as their incompetence has led to this.