The coldcard hack will change Bitcoin, it's a revolution.
bitcointalk-hack-revolution-opinion
Latest reviewed change
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The forum thread gained three replies: one defended Bitcoin's underlying cryptography, while two others described reduced confidence in hardware wallets and self-custody, and noted that Coinkite had not committed to compensation.
Some or many people will think if they choose and use a good wallets with enough dice rolls for 128 bits of entropy, they will no longer need to use a passphrase. This is similar to security things about risk of custodial wallets and weak passwords.
Generally, there are few people will change while the majority will not change.
That's a valid point. The majority of people came in through use of ledger, coldcard and other hardware devices through random ads/news and mostly bought into the hype and still hold their coins on these devices. I remember when i first owned Bitcoin i spent some good amount on a store bought Ledger Nano in 2014 and continued holding until 2021 when i delved deeper to understand exactly how Bitcoin works. I suspect many other still hold their coins on such devices.
+Title: Re: The coldcard hack will change Bitcoin, it's a revolution.
+Post by: bitbollo on August 05, 2026, 02:09:41 AM
+It would be impressive to see in long term another "similar" issuue that could involve a big thirdparty (it seems most of big companies are relying to in hardware for generating keys) or just another producer of address in a largescale.
+Even with any other big advancement (AI? Quantum? whatelse?) basically this should not change the math behind btc and the complexity to guess a private key in a space of 2^256.
+It can fall a "single player"- mtgox docet just to mention another bear event - but the underlying technology would always be unbreakable .
First lines only. The complete diff is in the timeline below.
- Organisation
- BitcoinTalk
- Evidence role
- Community discussion
- Published
- 2026-08-04
- Source changes
- 8
- Detected differences
- 9
- Unreviewed
- 0
- Copies held
- 10
SaddamoftheWest arguing the incident is a turning point for Bitcoin and self custody, framing the reaction as an assault on self custody by latecomer influencers. Replies dispute the revolution framing, debate whether the discussion belongs in the megathread bitcointalk-large-scale-compromise-thread, and predict passphrases becoming near-mandatory practice. An opinion and sentiment record from the Bitcoin Discussion board. The views are the posters' own, not verified here.
Every check is recorded, including checks that found no text change. A detected edit is therefore bounded between two checks. The publisher's exact save time is not observable from this record. Last checked .
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This post is held twice: here, with this project's own note on why it matters, and again as part of the conversation captured at , which is polled for changes. Both copies are the same post; neither is a separate event.
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Snapshot and diff bodies for this chain monitor are held in the local evidence archive but withheld from the public site because they can contain the addresses of people who published nothing themselves. Capture times and reviewed change summaries remain available below.
Held captures
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The forum thread gained three replies: one defended Bitcoin's underlying cryptography, while two others described reduced confidence in hardware wallets and self-custody, and noted that Coinkite had not committed to compensation.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 23 lines
Some or many people will think if they choose and use a good wallets with enough dice rolls for 128 bits of entropy, they will no longer need to use a passphrase. This is similar to security things about risk of custodial wallets and weak passwords. Generally, there are few people will change while the majority will not change. That's a valid point. The majority of people came in through use of ledger, coldcard and other hardware devices through random ads/news and mostly bought into the hype and still hold their coins on these devices. I remember when i first owned Bitcoin i spent some good amount on a store bought Ledger Nano in 2014 and continued holding until 2021 when i delved deeper to understand exactly how Bitcoin works. I suspect many other still hold their coins on such devices. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: bitbollo on August 05, 2026, 02:09:41 AM +It would be impressive to see in long term another "similar" issuue that could involve a big thirdparty (it seems most of big companies are relying to in hardware for generating keys) or just another producer of address in a largescale. +Even with any other big advancement (AI? Quantum? whatelse?) basically this should not change the math behind btc and the complexity to guess a private key in a space of 2^256. +It can fall a "single player"- mtgox docet just to mention another bear event - but the underlying technology would always be unbreakable . +the same blockchain that appears "weak" since has been "breaked" by hackers.... it's actually used by them for storage of the coins! +there is a dicotomy in what happens... and despite a common user would think that selling is the best choice due "unsecurity", it's absolutely the opposite. +And as a general rule, bitcoin is just making what has been designed for. +I started to use this technology few months before 2014 and I can assure that any guidance or explanation would never requires to rely on third party hardware. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: Ayers on August 05, 2026, 03:57:55 AM +Quote from: Alphakilo on August 04, 2026, 09:39:42 PM +This coldcard issue will remain a topic of fresh debate for a long time as a reminder and a lesson and a point to develop and upgrade upon because it is such incidents that makes Bitcoin standout and stronger and self custody more aware and more secure to use that traditional banking. +as I see it, the coldcard incident should serve as a lesson and a wake up call for the entire hw industry, but I don't think it makes Bitcoin standout and stronger. on the contrary, this incident is making more people question hardware wallet and the potential risk of digital asset. +this has nothing to do with bank. in fact, the incident is even shaking confidence in self custody. iam concerned that more and more investors will choose etf over self custody going forward. +Quote from: Alphakilo on August 04, 2026, 09:39:42 PM +I think I understand why airgapped wallet is way better for self custody that others and if this is an issue from the company, that is, if this coldcard issue is from the company, there would be some kind of compensation to customers who lost and sm sure sure this would make coldcard come back stronger or reinvent itself to suit self custody demands in the future. +as far as I know, coinkite has publicly apologized and accepted responsibility, but it has not made any concrete commitment to provide financial compensation. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: red4slash on August 05, 2026, 04:40:19 AM +This can make everyone more vigilant should even with the frills of self custody or whatever it is in the end when there is a bug that can be infiltrated then the seed that is kept safe will not be released from hacking in the end. +This is a bit of a concern, but on the other hand, realizing that the system is 100 percent secure is not entirely true. Although we know that security is getting more and more improved but on the one hand there will always be irresponsible people trying to damage this so we are still confident about the security of bitcoin but not with hardware or software that can appear at any time like this Coldcard case. +In the end for now we should realize that self-custody is not entirely safe but this only minimizes the worst possibility of happening. Powered by SMF 1.1.19 | SMF © 2006-2009, Simple MachinesExtracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The BitcoinTalk thread gained a reply saying many hardware-wallet users may still hold coins without fully understanding the technology.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 10 lines
This coldcard issue will remain a topic of fresh debate for a long time as a reminder and a lesson and a point to develop and upgrade upon because it is such incidents that makes Bitcoin standout and stronger and self custody more aware and more secure to use that traditional banking. Let them say, miners will continue to exist and more mining farms will be developed with better systems because we anticipate the emergence of quantum computers that has been a looming threat to the ecosystem. I think I understand why airgapped wallet is way better for self custody that others and if this is an issue from the company, that is, if this coldcard issue is from the company, there would be some kind of compensation to customers who lost and sm sure sure this would make coldcard come back stronger or reinvent itself to suit self custody demands in the future. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: collardelay on August 05, 2026, 01:07:40 AM +Quote from: MusaMohamed on August 04, 2026, 11:39:29 AM +Quote from: savetheFORUM on August 04, 2026, 08:03:31 AM +Whether it brings a revolution or not, but one thing is for sure, for the time being, people won't be able to trust hardware wallet manufacturers, and many will probably stop using them for the short run. Some will start renewing their wallets and seed phrases and apply passphrases which should have been done at the beginning, but others might stop using hardware wallets completely for the time being. +Before anything changed technically, people will still use what are available now. What can be changed even immediately is creating a new wallet, with a passphrase, and moving their bitcoins from current wallets without passphrase to a new wallet with passphrase. +Not all people will change their practice, and it's similar to how they still ignore many security advice, and continue using custodial wallets, centralized exchanges, even with weak wallet passwords, weak account passwords. +Some or many people will think if they choose and use a good wallets with enough dice rolls for 128 bits of entropy, they will no longer need to use a passphrase. This is similar to security things about risk of custodial wallets and weak passwords. +Generally, there are few people will change while the majority will not change. +That's a valid point. The majority of people came in through use of ledger, coldcard and other hardware devices through random ads/news and mostly bought into the hype and still hold their coins on these devices. I remember when i first owned Bitcoin i spent some good amount on a store bought Ledger Nano in 2014 and continued holding until 2021 when i delved deeper to understand exactly how Bitcoin works. I suspect many other still hold their coins on such devices. Powered by SMF 1.1.19 | SMF © 2006-2009, Simple MachinesExtracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The thread gained a reply predicting a lasting debate and possible customer compensation.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 16 lines
https://x.com/cz_binance/status/2084531849515131231 I'm not sure if he has a memory loss because he claimed to be here since 2013, the biggest Bitcoin exchange heist that is still not been recovered till date was one of the biggest Bitcoin hack, there are other couple of centralized exchanges that lose Bitcoin, what was stolen to Coldcard is just a tiny fraction of what was stolen and he has the effrontery to says this this on tweets, he is what you said they are doing, to demoralize self custody. People need to know that there are algorithm to safety and if you compromised any step, there are consequences to it. This is not Bitcoin fault, not holders negligence but this is company fault. This is a lesson for others, instead of shaming each other and do competition with some scrappy features that people don't need. If they focus on feature that will make wallet safer, it's for everyone good. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: Alphakilo on August 04, 2026, 09:39:42 PM +Quote from: Cookdata on Today at 08:45:05 PM +I was looking through public reactions to the Coldcard hack since yesterday, and I think you�re right. I couldn�t agree more with what you said. +I was expecting some attack from exchanges but I wasn't seeing them until I came came across some posts of CZ, the industry Douchebag trying to make some impressions and he didn't disappoint with his useless opinions. This was what he wrote: +Quote +It is statistically safer to store coins on exchanges than to self custody. 👇 +A few thoughts: +Assuming the data is correct, my impression is Willy has always been a strong supporter for self custody. +Hack data is easier to collect on the CEX side, usually major news. It is harder on the self-custody side, where hacks, lost coins, etc are often not reported. +https://x.com/cz_binance/status/2084531849515131231 +I'm not sure if he has a memory loss because he claimed to be here since 2013, the biggest Bitcoin exchange heist that is still not been recovered till date was one of the biggest Bitcoin hack, there are other couple of centralized exchanges that lose Bitcoin, what was stolen to Coldcard is just a tiny fraction of what was stolen and he has the effrontery to says this this on tweets, he is what you said they are doing, to demoralize self custody. +People need to know that there are algorithm to safety and if you compromised any step, there are consequences to it. This is not Bitcoin fault, not holders negligence but this is company fault. This is a lesson for others, instead of shaming each other and do competition with some scrappy features that people don't need. If they focus on feature that will make wallet safer, it's for everyone good. +This coldcard issue will remain a topic of fresh debate for a long time as a reminder and a lesson and a point to develop and upgrade upon because it is such incidents that makes Bitcoin standout and stronger and self custody more aware and more secure to use that traditional banking. +Let them say, miners will continue to exist and more mining farms will be developed with better systems because we anticipate the emergence of quantum computers that has been a looming threat to the ecosystem. +I think I understand why airgapped wallet is way better for self custody that others and if this is an issue from the company, that is, if this coldcard issue is from the company, there would be some kind of compensation to customers who lost and sm sure sure this would make coldcard come back stronger or reinvent itself to suit self custody demands in the future. Powered by SMF 1.1.19 | SMF © 2006-2009, Simple MachinesExtracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The thread gained a post arguing that the incident should prompt safer wallet design and criticizing exchange custody messaging.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 16 lines
"From what I see, people who cared about the self-custody will only care more." I strongly disagree . Those who care about self custody and any new people joining the space now have a new wannabe elites who aim to establish themselves as leaders and destroy the old narratives. "Where's the change?" Dude, look around. We are in the dark ages in the West. Many have not fully grasped it yet, some are coming around to the reality, and they are trying to make as much money as they can while they can. If it means going on a full assault on self custody, Cypherpunks, older established companies,...They will do it and are doing it now( listen to that speace). A lot of them washed up here from trad fi and hate the fact that others who were early got rich. ThIs is just getting started. -Title: Re: The coldcard hack will change Bitcoin, it's a revolution. -Post by: SaddamoftheWest on August 04, 2026, 01:57:12 AM Quote from: pooya87 on August 03, 2026, 04:49:28 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Quote This will pass though! It's just temporary drama where people talk about it a lot for a little while before they move on to the next thing. As I said, this won't change a thing. You are wrong on this. This will not be allowed to pass, as there is an immiserated wannabe elites who entered this industry late, can see all the wealth that's around, and want a slice. -I'm using Peter Turchin on End Times: Counter-Elites and the Path of Political Disintegration as a model and have applied it to what I'm seeing play out right now. +I'm using Peter Turchin on End Times: Counter-Elites and the Path of Political Disintegration as a model and have applied it to what I'm seeing play out right now. https://fairnessfoundation.com/posts/end-times Quote These terms aren't new either (latecomer/newcomer) I've heard them back in 2014 too. Post by: OgNasty on August 04, 2026, 06:22:09 PM I don't think the coldcard hack will have any effect on Bitcoin whatsoever. Most people don't use hardware wallets and the ones that do don't use coldcards (they were ugly as sin). This is unfortunately a hack that hurt a very small segment of the community and while they're making a lot of noise now, it will be completely forgotten about before the end of the year. The thing that I'm concerned about is the introduction to my vocabulary of the phrase 'retirement attack' which has me looking at things in a different light now. I'm not sure I want access to anyone else's funds anymore. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: Cookdata on August 04, 2026, 08:45:05 PM +I was looking through public reactions to the Coldcard hack since yesterday, and I think you�re right. I couldn�t agree more with what you said. +I was expecting some attack from exchanges but I wasn't seeing them until I came came across some posts of CZ, the industry Douchebag trying to make some impressions and he didn't disappoint with his useless opinions. This was what he wrote: +Quote +It is statistically safer to store coins on exchanges than to self custody. 👇 +A few thoughts: +Assuming the data is correct, my impression is Willy has always been a strong supporter for self custody. +Hack data is easier to collect on the CEX side, usually major news. It is harder on the self-custody side, where hacks, lost coins, etc are often not reported. +https://x.com/cz_binance/status/2084531849515131231 +I'm not sure if he has a memory loss because he claimed to be here since 2013, the biggest Bitcoin exchange heist that is still not been recovered till date was one of the biggest Bitcoin hack, there are other couple of centralized exchanges that lose Bitcoin, what was stolen to Coldcard is just a tiny fraction of what was stolen and he has the effrontery to says this this on tweets, he is what you said they are doing, to demoralize self custody. +People need to know that there are algorithm to safety and if you compromised any step, there are consequences to it. This is not Bitcoin fault, not holders negligence but this is company fault. This is a lesson for others, instead of shaming each other and do competition with some scrappy features that people don't need. If they focus on feature that will make wallet safer, it's for everyone good. Powered by SMF 1.1.19 | SMF © 2006-2009, Simple MachinesExtracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The BitcoinTalk thread gained 1 new post.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 4 lines
P.S. Seed phrases provide as much security as a private key (128 bits). I think that sometimes conversations like this are more about recovery way and less about how wallets are created. Changing the backup format is not a real solution if creation process is damaged. More important lesson, to me, is that users should not take anything for granted, simply because it is popular. Separate checks, open code and proper inspections are just as important as the recovery process itself. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: OgNasty on August 04, 2026, 06:22:09 PM +I don't think the coldcard hack will have any effect on Bitcoin whatsoever. Most people don't use hardware wallets and the ones that do don't use coldcards (they were ugly as sin). This is unfortunately a hack that hurt a very small segment of the community and while they're making a lot of noise now, it will be completely forgotten about before the end of the year. +The thing that I'm concerned about is the introduction to my vocabulary of the phrase 'retirement attack' which has me looking at things in a different light now. I'm not sure I want access to anyone else's funds anymore. Powered by SMF 1.1.19 | SMF © 2006-2009, Simple MachinesExtracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The BitcoinTalk thread gained 1 new post.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 8 lines
Those hacks happen for many times and its sad to see that despite of those big hacking issue many people still choose convenience over security. Lots of newbies still trust those CEX for thinking that they only put the amount which they can afford to lose, also they are afraid to lose their keys. But regret later on those decision they have done once hacking issues exist and their balances got wiped out. Seed phrase indeed secure as those private keys they have, so with all of those things the real solution is to have good education about this matter and not having those excuse to justify their laziness. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: Numan467 on August 04, 2026, 04:46:42 PM +Quote from: pooya87 on Today at 11:41:50 AM +No it won't. +It's like centralized exchanges. As long as they've existed, which is pretty much from the second year I think, they have been getting hacked. Some of them massive hacks (eg. Mt Gox) and yet people are still using them to this day instead of moving on to decentralized exchanges. +P.S. Seed phrases provide as much security as a private key (128 bits). +I think that sometimes conversations like this are more about recovery way and less about how wallets are created. Changing the backup format is not a real solution if creation process is damaged. +More important lesson, to me, is that users should not take anything for granted, simply because it is popular. Separate checks, open code and proper inspections are just as important as the recovery process itself. Powered by SMF 1.1.19 | SMF © 2006-2009, Simple MachinesExtracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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A new post by ultrloa argued that users choose convenience over security and called for education, while agreeing that seed phrases can be as secure as private keys.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 11 lines
No it won't. It's like centralized exchanges. As long as they've existed, which is pretty much from the second year I think, they have been getting hacked. Some of them massive hacks (eg. Mt Gox) and yet people are still using them to this day instead of moving on to decentralized exchanges. P.S. Seed phrases provide as much security as a private key (128 bits). +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: ultrloa on August 04, 2026, 12:46:05 PM +Quote from: pooya87 on Today at 11:41:50 AM +Quote from: MicroGuy on August 03, 2026, 08:18:38 PM +The Coldcard hack will change the way people store funds. Unhackable private keys instead of silly seeds. +No it won't. +It's like centralized exchanges. As long as they've existed, which is pretty much from the second year I think, they have been getting hacked. Some of them massive hacks (eg. Mt Gox) and yet people are still using them to this day instead of moving on to decentralized exchanges. +P.S. Seed phrases provide as much security as a private key (128 bits). +Those hacks happen for many times and its sad to see that despite of those big hacking issue many people still choose convenience over security. +Lots of newbies still trust those CEX for thinking that they only put the amount which they can afford to lose, also they are afraid to lose their keys. But regret later on those decision they have done once hacking issues exist and their balances got wiped out. +Seed phrase indeed secure as those private keys they have, so with all of those things the real solution is to have good education about this matter and not having those excuse to justify their laziness. Powered by SMF 1.1.19 | SMF © 2006-2009, Simple MachinesExtracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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Two new posts were added to the thread: MusaMohamed arguing most holders will not change their security practice despite the attack, and pooya87 replying that the hack will not change how people store funds and that seed phrases provide the same 128 bits of security as a private key.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 15 lines
Whether it brings a revolution or not, but one thing is for sure, for the time being, people won't be able to trust hardware wallet manufacturers, and many will probably stop using them for the short run. Some will start renewing their wallets and seed phrases and apply passphrases which should have been done at the beginning, but others might stop using hardware wallets completely for the time being. Honestly, this is too heartbreaking to see. People have lost all their money that they have saved working for so many years, imagine working for 12 to 15 years, making money, and then investing that money in an asset, and then getting your wallet compromised, especially when you have always been told to use a hardware wallet because they are the safest. So many people would rather use a centralized exchange such as Binance to keep their assets than using a hardware wallet for now, because at least Binance says that the funds of their users are SAFU with them and if anything happens, they will be responsible unless individual accounts are compromised from user's ends and not because of the exchange or its security. This is the only revolution this attack is going to bring in this industry, and it's not a good one. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: MusaMohamed on August 04, 2026, 11:39:29 AM +Quote from: savetheFORUM on Today at 08:03:31 AM +Whether it brings a revolution or not, but one thing is for sure, for the time being, people won't be able to trust hardware wallet manufacturers, and many will probably stop using them for the short run. Some will start renewing their wallets and seed phrases and apply passphrases which should have been done at the beginning, but others might stop using hardware wallets completely for the time being. +Before anything changed technically, people will still use what are available now. What can be changed even immediately is creating a new wallet, with a passphrase, and moving their bitcoins from current wallets without passphrase to a new wallet with passphrase. +Not all people will change their practice, and it's similar to how they still ignore many security advice, and continue using custodial wallets, centralized exchanges, even with weak wallet passwords, weak account passwords. +Some or many people will think if they choose and use a good wallets with enough dice rolls for 128 bits of entropy, they will no longer need to use a passphrase. This is similar to security things about risk of custodial wallets and weak passwords. +Generally, there are few people will change while the majority will not change. +Title: Re: The coldcard hack will change Bitcoin, it's a revolution. +Post by: pooya87 on August 04, 2026, 11:41:50 AM +Quote from: MicroGuy on August 03, 2026, 08:18:38 PM +The Coldcard hack will change the way people store funds. Unhackable private keys instead of silly seeds. +No it won't. +It's like centralized exchanges. As long as they've existed, which is pretty much from the second year I think, they have been getting hacked. Some of them massive hacks (eg. Mt Gox) and yet people are still using them to this day instead of moving on to decentralized exchanges. +P.S. Seed phrases provide as much security as a private key (128 bits). Powered by SMF 1.1.19 | SMF © 2006-2009, Simple MachinesExtracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 0 lines
Extracted text as captured
Bitcoin Forum Bitcoin => Bitcoin Discussion => Topic started by: SaddamoftheWest on August 03, 2026, 03:47:18 PM Title: The coldcard hack will change Bitcoin, it's a revolution. Post by: SaddamoftheWest on August 03, 2026, 03:47:18 PM The coldcard hack will be one of the most significant events in the history of Bitcoin and self custody. Right now, there is a full on assault on self custody. This attack is not coordinated, but driven by a large group of self interested individuals who are trying to make a name for themselves. It's a revolution in the same way that Peter Turchins theory of elite overproduction creates a class of individuals who are trying to move up in the value chain but there is no place for them in the system. Some have companies, some just want the social media clout, others are writing books.... What unifies this group is that they are latecomers(mostly post 2020, some 2017) ambitious and can smell blood in the waters of the early Bitcoiners, influencers, podcasters..... To name some of them, Britishhodl, Gary Cardone, Sam,....you can find them all over Twitter and spaces on full assault. You can hear an example of their assault on self custody now on spaces: https://x.com/i/spaces/1mxPaaMvBvDKN Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What�s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don�t know to what extent what he says is true, but it�s clear that this will mark a turning point, and it�s a clear attack on the �be your own bank� movement. Keep the thread open, OP. Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: sergiorus on August 03, 2026, 04:21:41 PM Quote from: SaddamoftheWest on August 03, 2026, 03:47:18 PM Edit: Oh, why it will change Bitcoin: the majority of Bitcoiners now are nothing like the early Bitcoiners. They mostly came here for the number goes up, gamble, trade, currency debasement,....They do not give a fuck about self custody or running nodes. Hasn't that been a thing for at least a few years? It didn't happen overnight a few days ago, did it? But that's when the Coldcard hack happened... Your thread is called "The coldcard hack will change Bitcoin" yet you haven't provided any argument for why it will. Please elaborate your point further. From what I see, people who cared about the self-custody will only care more. People who didn't, most likely will just keep holding on CEXs or whatever they do these days. Where's the change? Title: Re: The coldcard hack will change Bitcoin, it's a revolution. Post by: bitmover on August 03, 2026, 04:24:49 PM Quote from: Don Pedro Dinero on August 03, 2026, 04:08:05 PM Quote from: notocactus on August 03, 2026, 03:59:32 PM Please don't create more threads about Coldcard, discuss more about it there Large-scale Coldcard compromise (1360.23 BTC stolen so far) (https://bitcointalk.org/index.php?topic=5589927.0) Lock your thread too. I don't agree with that. To begin with, he is not breaking any rule by starting this thread because, he is giving a different angle. What’s more, the other thread is already on page 14, and a message like the one the OP wants to get across would probably get lost there whereas this thread might attract attention. I don’t know to what extent what he says is true, but it’s clear that this will mark a turning point, and it’s a clear attack on the ‘be your own bank’ movement.Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
1 presentation-noise difference. Sidebar, ticker and other page chrome churn that our review classified as not being a change to what the source says.
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