The COLDCARD security bug will be remembered as one of the most devastating events in Bitcoin's history. For me this tops out any exchange hack or collapse. The people affected did everything the right way. These are real Bitcoiners doing it exactly correctly and exactly as they've been told they should. Of course there are stronger ways to secure your wallet but for most people, keeping your seed safe should be enough. When big corporations like FTX go bust, there is a way back for affected users, but here there is none. These people lose everything with no recourse, and I think this will erode a lot of trust in Bitcoin self custody and drive more people towards ETFs. Self-custodial, permissionless, uncensorable, borderless, trustless are some of Bitcoins most important properties, and yet these are things that ETFs erode. It needs to be much easier to secure your coins than it currently is, wallets need to improve enormously, and arguing about spam is doing nothing to further the things that Bitcoin really needs. This event hurts adoption, and adoption should be the thing the community is focused on. Computing for an average user is turning it on and opening Safari. Conceptually alone, wallets are difficult, but the most secure methods, multisig, multi-vendor hardware, seed signer, etc, are frankly terrifying for most people. We need much better wallets.
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