See exactly how traders on Breakout are positioned in real time.
Right now? 57% are fading $BTC after this morning's rip.
This is about to get interesting.
I always knew it could happen in theory, but I didn’t actually believe it would and then for it to actually happen with coldcard is really just unbelievable.
Many lessons to be learned here.
This was a disaster and it’s not something we can just breeze past with memes and jokes
Huge thank you to Alex for coordinating this effort.
If you are a victim of the coldcard hack consider reaching out to Alex and team and share any relevant details so we can hopefully catch the pieces of shit that did this.
I’ve seen some people saying coinkite might survive this.
Coinkite will not survive this.
They shipped 3 generations of products with bad entropy (unforgivable) over the course of five years.
Not to mention that the company likely doesn’t make much money and they will be slammed with lawsuits from every possible direction.
It’s over.
Me: so basically that’s what happened
Mrs. AH: you guys have a social problem where anybody who shows up and says I like whiskey, steak and guns and I hate the government immediately becomes part of the in group and then you all just like turn off your brain
Me: that’s true
I’m honest enough to admit this…
The only reason I ever bought coldcards was because I wanted to be part of the maxi cool kids club.
That is an incredibly cringe and stupid reason for using any security product.
Let alone a bitcoin wallet.
It’s a good thing the @theBLOCKCLOCK never fucking worked lol I mean seriously this thing was a piece of shit. If I’m remembering correctly though you could plug @OPENDIME’s into it and even send PSBT’s from it.
I can’t tell if it’s the lack of sleep or if this is mossad level pager shit is actually true. But my paranoia and suspicion is off the charts right now.
Amazing resource, but don’t let it give you a fall sense of security. The best bet is to GET COINS OFF COLDCARD IMMEDIATELY if you have even the slightest doubt that they may not be safe.
And please continue reaching out to friends, family and loved ones who may be affected.
Now that everyone’s interested in going the dice roll path please be ultra suspicious of any dice marketed directly to bitcoiners.
It is trivially easy to load dice.
This is why casino grade exists.
Btw just for those asking. I have zero financial connection to this company. Have never been paid by them nor invested in them. Have zero insight into operations or decision making. I’m just a regular customer who spent thousands of dollars on the products and used them himself.
We wanted to believe Bitcoin could be easy for others even when we knew it was hard for us.
That is a failure.
Looking back over my own statements about coldcard over the years and here I am in one telling a fellow Bitcoiner that coldcard is good for single sig. the very thing being exploited.
While I did push multi vendor multisig often, the fact that I occasionally touted coldcard as “the best” despite having no ability to audit this claim is unacceptable to me.
I fell for the social proof of technical and respected friends using it and recommending it. I assumed someone was looking. Apparently no one was. I am sorry.
SCAM ALERT: just got the worlds most obvious phishing attempt urging me to download the new Coldcard Desktop app. There never was, is or will be a coldcard desktop app. This is a scavenger trying to get people during a state of panic. Stay safe out there guys.