Stacks Founder Suggests Diversifying BTC Storage Amid Coldcard Security Incident

ME News reports that on August 3 (UTC+8), Stacks founder Muneeb Ali posted on X, stating that the Coldcard security incident revealed three key lessons: Bitcoin storage strategies, quantum computing threats, and the need for enhanced security in the BTC ecosystem. Muneeb Ali noted that the incident affected many long-term Bitcoin holders who prioritize security and use self-custody solutions. He advised users not to concentrate all assets in a single solution, recommending diversification through ETFs, multisignature schemes, and multiple hardware wallets. He also emphasized that quantum computing poses a real threat to cryptographic systems, especially as large language models (LLMs) accelerate scientific breakthroughs; rather than underestimating quantum computing’s progress, it is crucial to prepare in advance. Furthermore, he argued that the Bitcoin ecosystem must strengthen collaboration with external security research institutions to avoid isolating security resources due to a “Bitcoin-only” mindset, and called for more security experts to contribute to the development of the BTC ecosystem. (Source: ODAILY)