Super Coder ☣️ @21OrangeDays - Twitter Profile

Here is our blog post. - Section 1 is for Liana users, and anyone interested in "game theory" of descriptors and Miniscript/Taproot/Segwit. - From section 2 its our Post-Mortem of Coldcard. TLDR: It's worse than you think. Even users who have a safe mnemonic (dice rolls) have BROKEN FEATURES on their Coldcard. https://t.co/9V9slwWxTj

39

471

171

286

91K

Super Coder ☣️ @21OrangeDays

2 days ago

@KeeganCorbin @COLDCARDwallet Yes, luckily I have generate a new seed with a JADE wallet from a friend of mine and move the funds before I brick my Coldcard.

1

0

47

Super Coder ☣️ @21OrangeDays

3 days ago

Well my Mk4 just brick itself with the update… @COLDCARDwallet wtff It stays here and won’t start. Luckily I moved the funds before updating.

26

147

12

10

19K

Super Coder ☣️ @21OrangeDays

2 days ago

@sunnydecree Same here and I’m a tech guy. This is a blow on my beliefs. What a bummer.

0

1

0

50

21OrangeDays retweeted

sunnydecree

@sunnydecree

2 days ago

Bitcoin will never be the same again. In this post I’m trying to explain, from my personal experience and recent events, why Bitcoin will never be the same again. Before you start raging in the comments, I’m not saying this is good or bad. Just see this article as the view of someone who has been in Bitcoin full time for roughly 10 years, never lost any Bitcoin, and has played the cycles quite well (buy low, sell high). I’ve been educating people about Bitcoin for over nine years across multiple social media channels. I never offered paid private coaching because I’m not a fan of making people feel like they can offload their responsibility. I always preach, both publicly and privately, that they are responsible for their own actions and that they need to understand what they’re doing. But you know how people are. Everyone is looking for the easy route. The problem with Bitcoin is that there is no easy route. The closest thing to an easy route is buying paper Bitcoin or paying someone else to custody your Bitcoin, whether that’s a bank, an exchange or another custodian. And I can guarantee you that most people will choose that route. The problem is that this has very little to do with what Bitcoin was originally about. Yes, it’s Bitcoin exposure, but it completely loses the point that, for the first time in history, you could actually be your own bank. I’ve seen it so many times. People struggle just setting up a hardware wallet. They get stuck at so many different steps it’s crazy. And I’m not even blaming them. One thing I’ve learned is that wallet developers are often terrible at frontend and user experience. The setup isn’t intuitive, buttons are placed in odd locations and important security steps like wallet verification aren’t guided properly. Of course I haven’t tested every wallet, but I’ve tested plenty. Most people won’t get through these processes safely. At least not the majority. And now it got even worse. With the recent Coldcard incident, we’re at the point where people who supposedly did everything correctly (arguably) still lost their savings using a hardware wallet. The point I’m trying to make is this: No, retail will not use multisig. They can barely set up a normal wallet, yet people keep preaching that multisig is the solution. Stop. It won’t happen. For us Bitcoin nerds? Sure. But we’re not the average user. Most of us also don’t keep our entire stack on a single address. Regular people will end up buying IBIT, MSTR or simply keeping their Bitcoin with banks, exchanges and other custodians. I had very high hopes that, through my work and the work of many others, we could help people become the true owners of their own money. I don’t believe that anymore. Some of us nerds will still self custody, and I’m grateful Bitcoin gives us that option. But the majority of people won’t even know what self custody is. For a very long time I refused to accept it. Today is the day I accept it. Bitcoin has changed and won’t ever be the same. Thank you for your attention to this matter.

sunnydecree's tweet photo. Bitcoin will never be the same again.

In this post I’m trying to explain, from my personal experience and recent events, why Bitcoin will never be the same again.

Before you start raging in the comments, I’m not saying this is good or bad. Just see this article as the view of someone who has been in Bitcoin full time for roughly 10 years, never lost any Bitcoin, and has played the cycles quite well (buy low, sell high).

I’ve been educating people about Bitcoin for over nine years across multiple social media channels. I never offered paid private coaching because I’m not a fan of making people feel like they can offload their responsibility. I always preach, both publicly and privately, that they are responsible for their own actions and that they need to understand what they’re doing.

But you know how people are. Everyone is looking for the easy route.

The problem with Bitcoin is that there is no easy route.

The closest thing to an easy route is buying paper Bitcoin or paying someone else to custody your Bitcoin, whether that’s a bank, an exchange or another custodian. And I can guarantee you that most people will choose that route.

The problem is that this has very little to do with what Bitcoin was originally about. Yes, it’s Bitcoin exposure, but it completely loses the point that, for the first time in history, you could actually be your own bank.

I’ve seen it so many times. People struggle just setting up a hardware wallet. They get stuck at so many different steps it’s crazy. And I’m not even blaming them. One thing I’ve learned is that wallet developers are often terrible at frontend and user experience. The setup isn’t intuitive, buttons are placed in odd locations and important security steps like wallet verification aren’t guided properly. Of course I haven’t tested every wallet, but I’ve tested plenty.

Most people won’t get through these processes safely. At least not the majority.

And now it got even worse.

With the recent Coldcard incident, we’re at the point where people who supposedly did everything correctly (arguably) still lost their savings using a hardware wallet.

The point I’m trying to make is this:

No, retail will not use multisig.

They can barely set up a normal wallet, yet people keep preaching that multisig is the solution.

Stop.

It won’t happen.

For us Bitcoin nerds? Sure.

But we’re not the average user. Most of us also don’t keep our entire stack on a single address.

Regular people will end up buying IBIT, MSTR or simply keeping their Bitcoin with banks, exchanges and other custodians.

I had very high hopes that, through my work and the work of many others, we could help people become the true owners of their own money.

I don’t believe that anymore.

Some of us nerds will still self custody, and I’m grateful Bitcoin gives us that option. But the majority of people won’t even know what self custody is.

For a very long time I refused to accept it.

Today is the day I accept it.

Bitcoin has changed and won’t ever be the same.

Thank you for your attention to this matter.

173

632

55

147

50K

Super Coder ☣️ @21OrangeDays

2 days ago

@1440000bytes @Bitkey 👀

0

2

0

718

Super Coder ☣️ @21OrangeDays

2 days ago

@KeeganCorbin @COLDCARDwallet My seed is 3 days away from me.

1

0

143

Super Coder ☣️ @21OrangeDays

2 days ago

@PaulcBitcoin @COLDCARDwallet Not at the time, my seed is 3 days away from the hdw

0

1

0

196

Super Coder ☣️

@21OrangeDays

Who to follow

Last Seen Users on Sotwe

Trends for you

Most Popular Users