Bitcoin Reddit

More / Bitcoin Reddit - 3 weeks ago

Is a 12 word seed no longer secure soon?

With computers getting faster and more advanced can we no longer trust a 12 word seed phrase? Starting to have major doubts after Bitcoin Puzzle #135 was brute-forced which is the equivalent of 135-bits of entropy (in comparison a 12-word seed phrase...

More / Bitcoin Reddit - 3 weeks ago

What’s up with the current narrative?

I don’t understand the “self custody is dead” narrative. Self custody is not dead, ColdCard was not “hacked”. An exploit in the RNG for seed phrase generation was discovered and seed phrases were stolen through this exploit. A hardware wallet’s most...

More / Bitcoin Reddit - 3 weeks ago

The ColdCard hack might be bigger than you think

When a big hack like this occurs, it draws other hackers into the playing field. Whenever a vulnerability like this is discovered, it’s open season for hackers. Expect to see more hacks over time. There is also the fact that a lot of victims are not...

More / Bitcoin Reddit - 3 weeks ago

Major BTC Drop Inevitable

Went through a divorce a few years ago and had to sell my 4 BTC at about $60k each - naturally, BTC jumped up to $126k shortly after. After several years of fighting debt and reestablishing my retirement, buying a house, and restocking safety funds I...

More / Bitcoin Reddit - 3 weeks ago

Bitcoin phishing scams heating up!

I just wanted to take the time to share: After the COLDcard fiasco, the phishing scams are heating up! Per Trezor, They are seeing an increase in phishing scams and warn users to stay diligent. NEVER SHARE YOUR SEED PHRASE WITH ANYONE!! Always verify...

More / Bitcoin Reddit - 3 weeks ago

This doesn't kill self-custody of bitcoin

Since the Coldcard failure I have seen some people arguing self-custody is "dead" and that all bitcoin holdings should be through a custodian. I think this is completely wrong. A failed hardware wallet does not prove that self-custody is t...

More / Bitcoin Reddit - 3 weeks ago

wtf ColdCard!! seriously?!

I had around 0.08 BTC / $5,000 stored on my Coldcard and that wasn’t even spare cash, it took me months to save. then I checked my wallet and saw "amount lost" gone fck! my seed was never online, the device stayed locked away, and I thought...