Probably because they cloned a lot of his work and making a "premium" version of a thing that already exists and taking VC dollars for it does roughly nothing to advance bitcoin. If anything, this further proves that Foundation has no reason to exist -- we know Foundation did not start to undercut because they went up-market -- in fact, there is reasonable basis to call the entire Foundation company un-bitcoin in its techno-economic irrationality of the sort that bitcoin will make untenable and thereby destroy!
They made a product using open source code. Coinkite got mad and changed their license. Foundation made a product and now they complete on the open market. Overall consumers win. May the best company win. Obviously Coinkite is feeling the pressure with this pivot and good for them but let’s not be foolish this is a terrible design and clearly was not thought through.
By "terrible design" do you mean it does not look pretty?
What exactly do you "win". You were able to use bitcoin just fine before and you will continue to be able to do so after. Consumers winning is not merely continued growth in purchasing power and value attainable -- that occurs at a rapid rate even in the horrendously inefficient system of fiat because life finds a way as I proved rather simply with my website https://civilizationmetrics.org
True winning for the consumer is not just that things get better, but that they get better at a swift pace. Everything in the future on average is better, so it becomes a question of which "good" things one says "no" to. A failure to understand this basic premise is why many bitcoiners delude themselves into thinking some facets of fiat are "good" because they were present at the inevitable human desire to build ever greater and more productive tools e.g. venture capital. I actually do not think it is a logical failure, but an emotional failure that leads to that sort of thinking, and it is particularly prevalent among those who have high fiat density backgrounds such as real estate or "investing" -- though strangely, those are the types demanded by the consumer of bitcoin cheerleading performances.
I only point out the hypocrisy that NVK brought on himself by trying to clown foundation. Only a short time later release a product that as almost all the same features that Foundation does.
Like don’t clown compete make a better product do better business bring more value to your end user.
The bitcoin space has a ton of cheerleaders picking teams or sides as it pertains to Coinkite or foundation.
I root for both to win! Do we really want one company dominating Bitcoin hardware? Look how apple and Samsung dominate smartphones. I would hope bitcoin hardware doesn’t become a duopoly (not saying Coinkite and foundation are the biggest players)
Seems like it is (plus shipping) but typically when a company says “reserve your place in line for $__” it’s only a deposit, and they ask for a remainder when it’s your turn to check out.
How is that possible when the current ColdCard Mk4 costs $150? This new Q1 has to be at least 2x the price, with all the extra stuff in it. I'd be surprised if this retails for less than $400.
The new hardware wallets from both Ledger and Coldcard are looking more like mobile phones. Will our phones transform into hardware wallets or vice versa?
This looks like Blackberry Bold in its popular days
Q1 Highlights