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The COLDCARD Hack and Future of Self-Custody

By With David King, Max Webster, and Steve Lee

Aired Jul 31, 2026 · 1h 37m · Last boosted 13d ago

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Show Notes

0:00 - The COLDCARD hack: bitcoin’s worst security incident ever? 4:30 - What happened and how thefts were identified 7:04 - The random-number failure behind the hack 13:24 - The right way to generate wallet entropy (i.e., dice rolls) 20:45 - Who is affected and what users should do 31:43 - Custody options and why diversification matters 37:37 - The source-license change behind the COLDCARD bug 40:33 - How AI changes open-source security audits 52:30 - How the community can limit further theft 59:56 - Why patches cannot fix ke...

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nakamoto6102Aug 3, 2026
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nakamoto6102Aug 3, 2026
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To everyone out there having a hard time right now, hang in there. Your families need you.
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nakamoto6102Jul 6, 2026
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When I hear Saylor explain MSTR or STRC, it’s over my head. It’s served me well to only invest in things I understand. I’ll just keep stacking sats into cold storage. Thanks for the value.
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Aug 5, 2026
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nakamoto6102Aug 6, 2026
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As Fred Rogers said, “look for the helpers.” There were so many people that wanted to get the word out and help folks save their hard earned bitcoin. I feel terrible for those that lost Bitcoin in this attack. Coinkite’s negligence will only make us more resilient. I understand why some people may keep part of their stack on an exchange, or with an ETF, or have self custody spread over multi vendors or multi sig. Seeing hard working people coming together to help others, though, gives me hope.
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nakamoto6102Feb 26, 2026
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I work in a law office. AI is used for research and drafting documents. It hasn’t eliminated any jobs, but it has made us more productive. If anything, we’re actually looking to hire. If I can make a recommendation to folks, check out trymaple.ai - it offers end to end encryption so the confidential client information remains private and isn’t used to train AI models. Thanks for the value.
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nakamoto6102Feb 19, 2026
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The majority of money will not leave banks for 3% yield on stable coins. Wouldn’t they be giving up FDIC insurance? I don’t think 3% is worth that risk. Thanks for the value.
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nakamoto6102Dec 11, 2025
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It’s not one or the other. Bitcoin halving or the 4 year cycle will impact supply and therefore will impact price. Liquidity is the dominant driver of price right now in my opinion. If people or businesses don’t have cash to invest, then prices will remain low. Thanks for the value.
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+1 for audio only. Thanks for the value.
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nakamoto6102Dec 4, 2025
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I do gift bitcoin for the holidays. The kids have a choice of either dollars or bitcoin, they always choose bitcoin. Thanks for the value.
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nakamoto6102Nov 14, 2025
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Thanks for the value! I probably won’t spend Sats at a Square Terminal often due to the potential tax implications.
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