In this episode, Steve, Jeff, and I walk through the catastrophic Coldcard entropy failure, how a trusted hardware wallet ended up generating weak keys, and how attackers are now brute-forcing Bitcoin wallets in minutes.
We dig into AI’s role in widening the attack surface, the dangers of source-available over true open source, and our own arrogance around hardware security. I share practical steps to get your coins off compromised devices, why multi-sig saved me this time, and how we can turn this gut punch into genuine anti-fragility for Bitcoin self-custody.
Chapters
(00:00:00) - Introduction
(00:11:36) - Reacting to the Coldcard exploit
(00:15:00) - FOSS vs. source-available software
(00:22:05) - Hardware fallback flaws and testing
(00:35:46) - Verifying dice roll entropy
(00:42:45) - Red teaming Bitcoin security with AI
(00:54:13) - Physical dice rolling for keys
(01:10:11) - Jack Mallers, Strike, and 21
(01:31:50) - Corporate influence and core dev funding
(01:45:43) - AI and vulnerability discovery
(01:49:34) - Anti-fragile security and multi-sig
Guest Links
Steve Simple Nostr (Link: https://tinyurl.com/3s6a8yn8)
Steve Simple on X (Link: https://x.com/stevesimple)
Jeff Swann Nostr (Link: https://tinyurl.com/3sjc3bcp)
Jeff Swann on X (Link: https://x.com/agoristview)
Jeff Swann's petition (Link: https://www.change.org/p/help-us-home)
Affiliate Links
- Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://bitbox.swiss/)
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Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy's Takes on YouTube (Link: https://www.youtube.com/@GuysTake)
Guy Swann on YouTube (Link: https://www.youtube.com/@theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)