
117: Coldcard Fallout
By Chris Fisher
Aired Aug 5, 2026 · 1h 29m · Last boosted Aug 13, 2026
Chapters
Show Notes
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 M...
Nostr Boost Stats
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- T#27
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- T#22
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- T#18
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- T#11
Nostr Community
Everyone who has boosted 117: Coldcard Fallout on Nostr, ranked by sats sent, all time.
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JCube
85k sats
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adevries17
58k sats
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Kiwi Bitcoin Guide
51k sats
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MDS 21k sats
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Philbill
20k sats
- SleestakSats 12k sats
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OB
7k sats
- nakamoto6102 5k sats
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Brew Gator
5k sats
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bugeyedstormtrooper 4.1k sats
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Odie the GWJW
3.3k sats
- Atone 2.2k sats
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baduhai
2.2k sats
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Nicholas Bartlett
2.1k sats
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BitcoinSilverFox
2k sats
- Love Down Babylon 2k sats
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Chris Fisher
2k sats
- tobyy 750 sats
Episode Boosts
Every boost sent to this episode, as published to Nostr, newest first.
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I'm also rethinking my cold storage situation. I wrote a little rust program to roll a virtual dice using the rand crate, then used that running on my desktop which at that time had been online and doing a bunch of things in the background for a while to get some random dice rolls. Going to check out Bitkey and also maybe an ESP32 based seedsigner
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Regarding fed reserve... All our govt does is jibber jabber unless it affects their own wealth or life or agenda. They don't care about the middle class and as long as there isn't a revolution, which they're confident there won't be, they can continue just jibber jabbering
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2117 for the 117th episode plus 2000. Heard the Cold Card issue first from TWIB but also diversify and dont trust Canadian companies (que Team America Theme song). Is litigation against Kite in the works?
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Thank you Chris for your level headedness. What a crazy week. Yes - Value for Value all the way. Screw product sponsored podcasts actually, screw the celebrity hierarchy cult that’s crept in to the space, VIP areas, egos and hero worship. None of this has a place in this new world. Massive wake up resulting in a good new direction I think. We all just have to keep on asking questions!
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Thank you Chris for your level headedness. What a crazy week. Yes - Value for Value all the way. Screw product sponsored podcasts actually, screw the celebrity hierarchy cult that’s crept in to the space, VIP areas, egos and hero worship. None of this has a place in this new world. Massive wake up resulting in a good new direction I think. We all just have to keep on asking questions!
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V4V AT IT'S ABSOLUTE PEAK.
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What a week that was. I had 2 Coldcard Mk4s; moved my personal stack to River until my Jade, BitBox02 and Trezor come in - That is taking longer than hoped. I also have an IRA with Unchained - they really stepped up. Thank you for your coverage on this - it was needed and appreciated!
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TFW you're casually chilling with TWIB and you hear your handle get a shout-out after a forgotten boost... Talk about #v4v!
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I was a Coldcard proponent and I have been humbled. Fortunately, dice rolls saved my bacon. I still moved off the device until the dust settles, as I'm not sure I can even trust it just as a signing device after this. But I think my big takeaway is that I'm a dice roll maxi now.
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And thank you for sticking your neck out doing the V4V.
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Never played with alt coins, got into bitcoin because of Linux Unplugged talking podcasting 2.0, got the cold card after you mentioned it on one of your shows, but never took the time to setup and use it. Sometimes procrastination pays.
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Woke up for an early run and, about halfway through, turned on the TWIB Cold Card episode with absolutely no idea what was going on. I immediately turned around and sprinted home at the fastest pace I’ve ever run. Thanks for keeping me up to date… and for the unexpected interval workout.
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I'm glad you're getting offers for sponsorship. This podcast is valuable and the players see it. My definition of toxic maxi is a paranoid DIYer that knows what money is. Along those lines, it's relatively easy to DIY your own air-gapped hardware wallet using a spare 64bit laptop/netbook plus any flavor of Linux, 1 or 2 BIP39 entropy programs to generate your secret (the 2nd to validate), and Sparrow for your wallet. This would functionally work like a ColdCard Q with a real keyboard (passphrase support!). Just remember to disable wifi/Bluetooth (airgap) and verify hashes for everything you install BEFORE you generate secrets.
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At one point in time I really considered getting myself a coldcard. Then I realised they dropped their use of a real FOSS license, and that really put me off. Can't help but feel vindicated. I'm really sorry to everyone affected.
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I was totally surprised. I thought that multisig was so overdue, but from now I have all in multisig with different vendors. And the big thing is. It isn't difficult.
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Add this to the previous boost. Got fat fingered in my rage! And while I’m at it, did Bitcoin maxi culture fail? 100%, yes. It failed. NVK and his mates personified it and look what happened.
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If I think back to all the BS “podcasters” spouted about “don’t trust, verify” and all that crap, without doing it themselves, it makes me feel sick. V4V pods with zero paid ads is the only way we’ll get reliable information. As they say “show me the incentives and I’ll show you the outcome”. Turns out they were right. Keep it up Chris. Thanks.
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Sad for those who lost funds. Bitcoiners are resilient and take the lessons forward. I thought of multusig for inheritance or businesses and charities. Now I see why multisig multimethod multivendor and multiple wallets to mitigate any one loss matters. Multi all the things... Got it! Soverignty over money is personal power and comes with personal responsibility. NO shame for those who learned with their stacked sats. But we all take the wisdom from the pain. Wisdom cuts. When it cuts Bitcoin, it reveals the diamond.
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I can't swap in Bull. Bolts problem? Bessent: honest respectful question. What's he supposed to say. "If we don't bail Japan out, they will sell our Ponzi paper."? Bitcoin Well was first to my inbox about cold card.
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As Fred Rogers said, “look for the helpers.” There were so many people that wanted to get the word out and help folks save their hard earned bitcoin. I feel terrible for those that lost Bitcoin in this attack. Coinkite’s negligence will only make us more resilient. I understand why some people may keep part of their stack on an exchange, or with an ETF, or have self custody spread over multi vendors or multi sig. Seeing hard working people coming together to help others, though, gives me hope.
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A new TWiB is out. I guess I’m at the anger phase over this Coldcard situation. But there’s a lot of other important stuff in this episode too. Enjoy! 🍻












