COLDCARD RNG incident the public record, collected and explained
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r/Bitcoin: reflection on the incident among past declarations of Bitcoin's death

reddit-btc-declared-dead-reflection

https://www.reddit.com/r/Bitcoin/comments/1vemsyq/for_all_those_times_when_btc_was_declared_dead/

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  1. Earliest copy held Current
    seen · Captured here 1,484 chars
    Extracted text as captured 
    post: 1vemsyq
author: H8ckt1v1st
created_utc: 1785784130
title: For all those times when BTC was declared Dead
body:
Truly sad to see so many lose all their BTC due to trusting a faulty piece of Open Source software that sat there - in the open - for over 5 years, and no other human being caught it, but AI did. Most of the world cannot read code, and those of us who can, focus on our own little repos and commits, rarely having time and interest in other projects. So the blame is on Coinkite 100% - it was sitting there waiting while AI found a way to be a bad actor again. Be prepared for more of the same. Generate your own seed phrase with analog dice, 100+ rolls + ridiculous but meaningful passphrase, 25 characters minimum + multi-sig. It's not hard to do, but you do need to take your time with it. You will learn more about the beauty of BTC as well.

One thing bitcoin has going for it, with regard to being stored on exchanges - you, the "owner" can trivially verify what, if anything, the exchange is doing with "your" bitcoin.

This is NOT possible with fiat, gold, stocks, bonds, any form of security instrument, or any other money substitute.

Now, could they still use it as collateral for a loan that spirals out of control and then gets weird... sure, but that is much less nasty than what currently goes on.

So lick our wounds and remember that BTC will outlast all these human errors as it always has.

[https://bitcoindeaths.com/](https://bitcoindeaths.com/)
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