The COLDCARD Hack and Future of Self-Custody

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 keys and recovering stolen bitcoin

1:10:37 - Does AI strengthen the case for custodians?

1:16:30 - Future of self-custody

1:21:43 - Evaluating Bitkey, Ledger, Trezor and multisig post-COLDCARD

1:31:04 - ETFs, custodians and new transparency standards

SHOW NOTES:

PBJ custody survey episode: https://www.youtube.com/watch?v=OSanv5Z-DA4

Block COLDCARD blog post: https://engineering.block.xyz/blog/predictable-rng-fallback-and-32-bit-reseed-in-coldcard-firmware