r/CryptoCurrency: what people misunderstood about the Coldcard incident
reddit-cryptocurrency-incident-explanation
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the real issues, how we can trust any hardware wallet 100% from the mistake they make or in the code. cuz opne times, ppl would lose. even it's more dangerous than top software wallet that you can check and test opensource 100% especially from audit but for hw wallet, hard ware is another story cuz something changes you wouldn't know at all
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+comment: p2ugs0i
+parent: t1_p16jwzw
+author: DefaultBrain
+created_utc: 1786373518
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Reddit served 2 additional comment record(s); the diff preserves their text and any edits to existing records.
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the real issues, how we can trust any hardware wallet 100% from the mistake they make or in the code. cuz opne times, ppl would lose. even it's more dangerous than top software wallet that you can check and test opensource 100% especially from audit but for hw wallet, hard ware is another story cuz something changes you wouldn't know at all + +comment: p2ugs0i +parent: t1_p16jwzw +author: DefaultBrain +created_utc: 1786373518 +edited: false +body: +Could ask you the same, where were you? Why didn't you stop everyone oh smart sir? + +comment: p2uli6p +parent: t1_p2ugs0i +author: Coeruleus_ +created_utc: 1786374788 +edited: false +body: +i was there bro telling ppl to stop being cheap and get a ledger or trezorExtracted text as captured
post: 1vd4f2e author: FunWithSkooma created_utc: 1785633549 title: It seems people did not understand what happened to ColdCard body: Self custody is not a problem, what happened is that generating your seed with a ColdCard MK3 would not have enough entropy, making your private key easy to be guessed, thats it. Your MK3 is still usable, but you should NOT use it to generate a seed, instead you have to use any other solution to generate your seed and then load it on your MK3. [https://iancoleman.io/bip39/](https://iancoleman.io/bip39/) [https://sparrowwallet.com/](https://sparrowwallet.com/) [https://electrum.org/](https://electrum.org/) Your MK3 is not useless, it still works as intended. comment: p16epgf parent: t3_1vd4f2e author: Forymanarysanar created_utc: 1785635484 edited: false body: You really shouldn't use any of these "solutions" to generate seed. They all could be vulnerable to the same issue. Use dice instead. comment: p16eyoq parent: t3_1vd4f2e author: so7ow created_utc: 1785635577 edited: false body: I think some of what you're seeing is "if they could fuck up something so integral to the foundation of their product so completely and so fundamentally, what else is fucked up in this product line, and do I really want to find out the hard way?" comment: p16fbhj parent: t1_p16epgf author: FunWithSkooma created_utc: 1785635708 edited: false body: if you take an actual look at iancoleman solution, it provides you entropy options, and dice is there, as well as binary, Base 6, Base 10, Hex and Card entropy. comment: p16fixzExcerpt 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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post: 1vd4f2e author: FunWithSkooma created_utc: 1785633549 title: It seems people did not understand what happened to ColdCard body: Self custody is not a problem, what happened is that generating your seed with a ColdCard MK3 would not have enough entropy, making your private key easy to be guessed, thats it. Your MK3 is still usable, but you should NOT use it to generate a seed, instead you have to use any other solution to generate your seed and then load it on your MK3. [https://iancoleman.io/bip39/](https://iancoleman.io/bip39/) [https://sparrowwallet.com/](https://sparrowwallet.com/) [https://electrum.org/](https://electrum.org/) Your MK3 is not useless, it still works as intended. comment: p16epgf parent: t3_1vd4f2e author: Forymanarysanar created_utc: 1785635484 edited: false body: You really shouldn't use any of these "solutions" to generate seed. They all could be vulnerable to the same issue. Use dice instead. comment: p16eyoq parent: t3_1vd4f2e author: so7ow created_utc: 1785635577 edited: false body: I think some of what you're seeing is "if they could fuck up something so integral to the foundation of their product so completely and so fundamentally, what else is fucked up in this product line, and do I really want to find out the hard way?" comment: p16fbhj parent: t1_p16epgf author: FunWithSkooma created_utc: 1785635708 edited: false body: if you take an actual look at iancoleman solution, it provides you entropy options, and dice is there, as well as binary, Base 6, Base 10, Hex and Card entropy. comment: p16fixzExcerpt 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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