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" The price of Bitcoin was the madness of crowds. The price of Bitcoin had no connection to any fundamental economic activity, just like gold had no connection to any fundamental economic activity, and thus – to this audience – could have no inherent value by definition."
is gold "art"?
dumb people, dumb article.
fake open source software ("source available") discouraged code review.
that was always a red flag with coldcard.
https://old.reddit.com/r/Bitcoin/comments/1vohwh6/rodolfo_novak_coldcard_ceo_deletes_his/p3stk69/
love it! wish these were sold as physical kits. Of course you have to inventory the whole 2048 pieces once to ensure no shenanigans.
I bantered with the AIs about this a bit. The AIs gave the usual counterarguments.
One point I surfaced in support that I'd like to share.
(me to the AI)
Your arguments against are valid and well taken.
I like the poll and am taking the idea seriously because of the MINDSET and RITUAL this implies. It's hard to communicate the importance of randomness or quantify randomness. Even experts can get this wrong.
But if you actually do it, maybe a lot of intuition gets baked in just from a ritual that, considering the risks, doesn't take all that long.
Bitcoin is a culture, and rituals are part of how a culture transmits the key mindsets.
It's like the bible giving you rules about how much mold contamination is too much mold contamination (leviticus I think).
reply from the clanky:
your Leviticus example actually argues for something more specific than dice. Read what chapters 13–14 actually prescribe: quarantine the house seven days, come back and look again, if it's spread then pull the stones and replaster, wait, inspect a third time, and only then condemn it. The ritual isn't "here's the mold threshold." It's an escalation ladder with mandatory re-inspection by someone outside the household. The transmitted mindset isn't "mold is bad" — it's "your first look is not sufficient, and you are not the one who gets to certify your own house."
Ported over, the ritual that would have inoculated people against Coldcard isn't rolling dice. It's deriving the seed a second time, on something that isn't the device that made it, and confirming the words match. Dice-only teaches "randomness matters." Reproduce-and-compare teaches "don't trust, verify," which is the mindset that generalizes to the next failure — which won't be an RNG, it'll be something nobody's currently worried about.
The failure mode of ritual is also worth naming, since Leviticus's own tradition spent centuries arguing about it: form outlasting substance. Someone rolls 99 dice from a board game box, feels the weight of having Done The Hard Thing, and skips the passphrase and the multisig because they've already paid their dues. Effortful rituals are unusually good at generating that kind of moral licensing.
So: keep the ritual, but make verification the liturgy rather than entropy collection. Dice are a fine first sacrament. They just shouldn't be the whole rite.
future of bitcoin yall.
full verifying node in every wallet. multiple wallets in every phone.
bitcoin safe, fast and easy.
pay attention to this project.
🫵🏼🎄✖️⭕
honestly no. I just don't get the fuss.
am I missing something?
the only downside is if they're doing bad work and trying to pass it off as good work.
but if it's actually good work, this is just normal day in professional security world.
of course anchorwarch wants visibility and brand recognition. nothing wrong with that.
if their work is good, they deserve it.
we should hate shitcoins.
frand and pump and dumps hurt people.
but we should love first. before we hate.
you could sweep the funds yourself and return them minus a finders fee.
re "A seed generated on a flawed Coldcard is permanently weak, so responsible disclosure had nowhere to go."
yes.
it's a signet ring.
https://en.wikipedia.org/wiki/Seal_(emblem)#Signet_rings