117: Coldcard Fallout

We unpack the widening Coldcard fallout, the uncomfortable lessons Bitcoiners need to face, and a major macro intervention that reveals just how trapped the financial system has become. Episode Links 🎉 Boost from the Web 🇺🇸 Buy Sats on River - The best way to stack in the US 🇨🇦 The Bitcoin Well - An amazing automatic self-custody Bitcoin platform 💳 The Bitcoin Company - Spending your Bitcoin Via Lightning 🏦 Fold Card - Pay bills Stack Sats 💵 SALT Lending - Get access to your BTC Value w/out Selling ⚡ Strike - Ultra-low fees, high trading limits, and easy loans. Show Notes COLDCARD Mk3 Seed Generation Warning COLDCARD Entropy Issue: Technical Background Predictable RNG Fallback in COLDCARD Firmware COLDCARD Entropy and Nonce Analysis COLDCARD TRNG Recovery Fix When random.bytes() Runs but Doesn’t Work COLDCARD’s Random Numbers Weren’t Everything to Know About the COLDCARD Hack How COLDCARD Wallets Lost $70 Million COLDCARD Exploit Shakes Faith in Self-Custody COLDCARD Wallet Attack Drains Up to $89 Million COLDCARD Flaw Linked to $70 Million Theft COLDCARD Attacker Stole $30 Million in 10 Minutes COLDCARD Firmware Bug Drained $38 Million COLDCARD Firmware Bug Bypassed RNG for Five Years Hackers Target Bitcoin’s Safest Hiding Place COLDCARD Attack Pushes Bitcoin Toward Exchanges $38 Million Swept Through Weak Seed Entropy More Details on COLDCARD Bricking COLDCARD Incident Victim Intake How Blockstream Jade Generates Recovery Phrases BlockSlop: BIP-110 Chainstate Validation Gap Bitcoin Developer Revives PoW-Change Code for BIP-110 BIP-110 and Who Decides Bitcoin’s Future BIP-110 Falls Flat With Zero Miner Support Did IBM’s Quantum Timeline Spook Jim Cramer? Jim Cramer Rethinks Bitcoin Over Quantum Risk Lummis Says CLARITY Act Delay Could Kill the Bill Lummis Presses CLARITY Act Holdouts Warren’s Opening Remarks on the CLARITY Act Warren Warns About Crypto Money Laundering Fed Holds Rates Steady as Warsh Fights Inflation Warsh’s Quieter Fed Communication Strategy A Quieter Fed Could Mean More Volatile Markets Warsh Says the Fed Has No Tolerance for Inflation Warsh Reiterates the Fed’s Inflation Pledge June 2026 FOMC Statement U.S. Treasury Signals Possible Yen Intervention Why the U.S. Stepped In to Support the Yen Why Trump Is Propping Up Japan’s Currency Bessent Says the Japanese Yen Looks Undervalued Delayed BOJ Hike Adds Pressure on the Yen Lessons From the Plaza Accord The Real Lessons From the Plaza and Louvre Accords Music: Empty Passenger Seat by Joe Martin