Coinkite
25
MENTIONS
5
EPISODES
5
PODCASTS
Search complete. 25 mentions across 5 episodes found for "Coinkite".
Aug 26, 2026
Aaron van WirdumHOST
Yeah, we're doing another remote episode because, uh, well, we promised to make one in our last, uh, emergency broadcast.
Aaron van WirdumHOST
So we're gonna discuss the ColdCard hack, uh, as many other podcasts have done before us, and matter- many articles and, uh, you know, everyone has shared their opinion.
Aaron van WirdumHOST
But we thought we should still make this episode and, uh, you know, I can pick your brain on this a little bit.
Aaron van WirdumHOST
It's sort of your, your expertise.
Aaron van WirdumHOST
Needless to say, ColdCard is not our sponsor, at least not for this episode.
Aaron van WirdumHOST
I don't...
Aaron van WirdumHOST
Uh, we haven't really discussed it.
Aaron van WirdumHOST
Uh, yeah, jokes aside, that, that's actually something I also want to discuss in...
GMoneyGUEST
if you don't follow the Bugle and you don't follow Rod, you're doing, you're doing X wrong as well.
GMoneyGUEST
But, like, the last nine months of Bitcoin have been absolutely insufferable, right? Like, I've been here s- almost 10 years, but the last, like, you know, couple of months was even more severe, right? You had the ColdCard hack, you had the Biptardians, and you had everybody at each other's throats, when in fact, like, all the corruption, 99.9% of the corruption is not inside of Bitcoin.
GMoneyGUEST
It's, it's the outside world.
GMoneyGUEST
And it's just crazy that, um, you know, Bitcoiners are fighting against the Michael Saylors, they're fighting against the David Baileys, they're fighting against the only people in the movement that are actually putting their balls on the table to move this forward, right? And so, um, I'm glad that those psychopaths have forked off and we've continued because, um, look, humanity was given a 15-year head start to adopt this technology and move it forward, and the pleb slop revolution didn't happen.
David BennettHOST
Cold Cards firmware, for example, is released under MIT terms plus the Commons Clause.
David BennettHOST
The clause specifically removes the right to sell the software defined as providing it to third parties for free or other consideration in a product or service whose value derives entirely or substantially from the software itself.
David BennettHOST
In other words, Coldcards firmware could not be used commercially.
David BennettHOST
The Commons Clause own frequently asked questions states the difference explicitly.
David BennettHOST
Quote, is this open source? No.
Nick FarrowGUEST
We c- th- there's no API to do that.
Nick FarrowGUEST
This is me [laughs] It would be totally insane to roll random numbers, but that's, that's the issue, uh, is you can do everything, make sure your seed is set up totally trustlessly and make sure everything's correct, but if I take your seed signer or Cold- your Coldcard and I get the f- malicious firmware on there, like, that's still a trusted party.
Nick FarrowGUEST
Even if you get rid of the-
Danny KnowlesHOST
How, how would you get the malicious firmware on there?
Matt WalshHOST
From a retail confidence perspective, knowing that the custodian of your assets actually has access through Project Glasswing, that m- like, that totally matters, I think.
Nick CarterHOST
Yeah, one wonders, you know, what, if anything, could've been done about the ColdCard bug, had it been a white hat that discovered it, you know, and it was responsibly disclosed? The thing is, there's not like, it's not like ColdCard could flick a switch and update everybody's private keys for them, right?
Matt WalshHOST
I know.
Nick CarterHOST
So unfortunately, even if it had been a white hat that had found that bug, because that was baked into the entropy at, at the hardware level...
Nick CarterHOST
But in hardware that was widely distributed, there would've been no way, I think, to get the message out without tipping their hand to black hats that the entropy was compromised, don't you think?
Matt WalshHOST
I think that's right.
Matt WalshHOST
And, you know, first of all, you can't reach out to them, because apparently ColdCard had deleted all of their marketing emails for privacy purposes, so there's no way to get in touch with people anyway.
Matt WalshHOST
But as soon as you go out, as you point out, the black hats will be all over it.