Self-Custody Remains Bitcoin’s Best Defense, Says Early Developer After Coldcard Flaw
TL;DR Peter Todd argues that the Coldcard firmware incident, which reportedly caused around $88 million in Bitcoin losses, does not weaken the long-term case for self-custody. He believes centralized platforms continue to expose users to larger systemic risks than individual hardware wallet failures. The developer highlights exchange collapses such as QuadrigaCX, where losses exceeded $200 ... Read more
TL;DR Peter Todd argues that the Coldcard firmware incident, which reportedly caused around $88 million in Bitcoin losses, does not weaken the long-term case for self-custody. He believes centralized platforms continue to expose users to larger systemic risks than individual hardware wallet failures. The developer highlights exchange collapses such as QuadrigaCX, where losses exceeded $200 ... Read more