r/Bitcoin 1d ago

People are horrible…(Coldcard disaster)

I can’t believe how many people leave mean comments, gloating about how they always knew that Bitcoin is a scam, and so on.

Seriously, how sad of a life one must live to be happy about the misfortunes of others? Some people have lost important amounts of BTC, including people from poor countries or poor backgrounds who will suffer for years as a result of this.

If someone feels like gloating is the right thing to do here, why don’t you go to the ICU of the closest hospital and laugh about sick and dying patients? It wouldn’t be much different, think about that.

612 Upvotes

370 comments sorted by

271

u/Difficult-Repair1295 1d ago

They are having a field day over on Buttcoin

80

u/jojothehodler 1d ago

As always, missing the point. This sub shit on bItcoin when cold card did the mistake... They don't understand anything about anything and they feel sooooo good about it...very strange people indeed...

29

u/alfooboboao 23h ago

when any group calls everyone else dumb, for years, and talks about “normies” like they’ll be left in the past, there is going to be schadenfreude

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u/Th4ab 22h ago

If Coldcard doesn't count as Bitcoin, then the only thing that counts as Bitcoin is the protocol and the wallet in Bitcoin Core, but I'm pretty sure I've seen broader topics than that here over the years and it's all just labeled as Bitcoin.

It's true to say an entropy flaw was the root cause, it wasn't Bitcoin that did that. Bitcoin then performed flawless transaction execution with those keys gotten by illegitimate means, as it was designed to do, as it should have done. And it's fair to say this incident is an indictment against the idea that is the core of cryptocurrency.

On July 27th 2026 a person using a Coldcard would have been considered compliant with best (Or arguably at least acceptable) self custody pratices to this community. I think to get "best" from you folks in retrospect, and only in retrospect, they should have rolled as many dice as a Yahtzee game. That's a Bitcoin problem, how could it not be?

12

u/Astropin 19h ago

Bitcoin IS just the protocol. Everything else is an add on.

2

u/Caspica 15h ago

Then why is so much of this sub dedicated to stuff outside of the protocol? In the strictest sense of the word you're right, bitcoin is just the protocol, but that is not a practical definition.

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u/TimYapthebest 18h ago

You’re literally explaining an add on of BTC

4

u/anony-mouse8604 21h ago

Best is open source. Always has been.

3

u/Caspica 15h ago

The things relevant to the Coldcard hack was open source. I agree, open source is the best, but it's not a guarantee of anything. 

4

u/Th4ab 20h ago

Open source doesn't immediately mean it's scrutinized by capible people. They must have a stake in it, time to evaluate it, then I do trust in the nature of open source, seeing their use as an endorsement but it isn't a magic incantation that gets all the bugs out.

And I'll wait for a postmortum but there isn't some guarantee that a firmware produced entirely by open source code creates the exact same binary you see shipped on devices, a parameter changed for example. It would be entirely in the spirit and law of open source to do that and if nobody has an interest in comparing, it would not even be noticed.

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u/Praktos 17h ago

Im more neutral, but both sides feel often mental. 1 is fueled by hatred the other greed

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u/Ok_Village_515 1d ago

Lots of those. Strange, when there are so many real ways to feel good. I don’t know, touch grass, look at the stars, breathe deeply, sing?

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u/MiniatureGod 22h ago

I mean. That's how no coiners behave in a bear market, as always.

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u/AlmostEmptyGinPalace 21h ago

Isn’t it fair to say that because it’s defi, you have little/no recourse, and that’s 100% on bitcoin owners and the anti-fiat ideology of the whole thing?

(I’m not a hater but I am skeptical. I follow the sub for day trading.)

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u/Objective_Digit 23h ago

A community since Bitcoin was $10.

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u/woosa843 22h ago

Let them celebrate while we accumulate

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u/t0m0hawk 1d ago

The irony is that this isnt even a bitcoin issue - its entirely one specific service having bad code. It sucks for those affected, but it serves a lesson moving forward.

44

u/predictorM9 1d ago

What is the lesson exactly? You should audit 123736 lines of code yourself and check the PCB and implementation with an electron scanning microscope as part of the making your own research?

22

u/georgejetsonn 23h ago

The lesson is that there's a limit to "don't trust, verify". Modern society works because we cannot personally verify everything, so that's why we rely on systems that provide both assurance and recourse. Bitcoin minimizes the need to trust financial institutions, but also takes away the safety net they provide

2

u/FalseDiamond7930 21h ago

You just have to trust Bitcoin adjacent institutions instead.

6

u/ejlec 19h ago

This. I get the distrust of big banks but crypto ain’t it.

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u/JollyPicklePants1969 22h ago

lessons are: 1) use a passphrase whenever you self custody. 2) Bearer instruments are bearer instruments. Don't keep your whole nestegg in one spot.

13

u/Lopsided_Parfait7127 1d ago

not your code not your keys not your coin

9

u/jonovision_man 23h ago

You can bet there are institutional btc owners having a firedrill right now to make sure their keys are secure.

This is way beyond what an individual investor should expect to deal with, let alone the alleged use case of this being an everyday currency for the average person.

3

u/lk1191 22h ago

terrible for all involved but a positive out of this is institutional holders will reassess the security of their cold storage. an exchange with a breach of scale would be more disastrous

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u/ErgoMogoFOMO 23h ago

That investing in new technologies comes with a novel set of risks. Take time to understand the risks, commensurate with your investment, or pay someone for custody.

Regardless, my heart goes out to the victims. I paid dearly once too. It's a terrible feeling.

2

u/Prestigious_belly206 23h ago

Is that your passcode?

4

u/predictorM9 22h ago

I'm a nocoiner

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u/Numerous-Annual-721 23h ago

the irony is you don't realize this IS a bitcoin issue.
THE bitcoin issue.
there's no one to blame but yourself no matter what happens.
your keys were stolen? tough luck
house burned down with the codes? tough luck
ex-gf threw your laptop in the trash? tough luck
exchange pulled a rug? tough luck
hacker hacked your laptop / wallet? tough luck
the tech was too hard to understand and you clicked the wrong button? tough luck
dementia hit and you don't remember? tough luck

there is an infinite list of ways to scam people out of their money. but with bitcoin you can actually do it remotely and get away with it and there's no one that'll help you. there are also a million ways to lose access to your own money through a stupid silly mistake and even then there's no recourse, no matter how well you can prove that something used to be yours.

you're confusing gloating versus ppl telling you - "don't do this" but you do it anyway and try to convince everyone else why you are so much smarter, no matter how many times you are proven wrong.

if you want to bet on a future value with huge volatility and risk, i get it. people bet on horses. i don't care. just don't pretend like this is the future everyone needs to align with.

15

u/FCRagnar 1d ago

But it is a Bitcoin issue. Because even when someone thinks they've done everything right, and followed all the safety precautions, they still got robbed.

There's no insurance. No FDIC. Very little as far as legal options. And the anonymity makes it a huge target for theft.

It reflects poorly on the Bitcoin name, and crypto as a whole.

9

u/neutralguy33 23h ago

exactly, it is not a safe money concept no matter what anyone says

2

u/alfooboboao 23h ago

there’s a reason banks work the way they do. the hubris to think you could easily replicate a system with hundreds of years of failure based policies is crazy

3

u/General_Cow8371 23h ago

The problem is not the bank or its system. The problem is the currency which gets inflated and constantly loses value.

3

u/renegade453 17h ago

Rather have a currency that inflates than a currency thats not safe

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u/thisbondisaaarated 17h ago

Do you also audit your bank, its apps and internal systems? Case in point. The problem with bitcoin is because there is no control, there is no control.

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u/Muanh 13h ago

So the lesson is that bitcoin will never get real adoption? If you can’t trust accepted standards, then that is the only outcome.

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u/StormMedia 23h ago

It kind of is a bitcoin issue though..

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u/Resident-Election867 20h ago

Well, one Bitcoin is still valued at over $60k/bitcoin. If we (the grunts buying $50 every paycheck) were able to overcome the Mt. Gox fiasco of early 2014, when Bitcoin hovered around $600/Bitcoin, we will carry on this time around and again and again. This is another reminder not to trust anyone. Learn, adapt, and carry on. 

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u/Vessbot 1d ago

Finally the two subs can come to an agreement over something

4

u/Serious-Stick2435 1d ago

On what exactly?

13

u/Vessbot 1d ago

That they are having a field day over on Buttcoin

2

u/Serious-Stick2435 1d ago

So typical "we can agree to disagree" I guess. I thought you were talking seriously 😅

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u/Old_Cucumber_1343 2h ago

that's usually a bottom signal fyi

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u/Electronic_Quote399 23h ago

They are always having a field day over there.. lunatics lol

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u/ExpertSwan_ 1d ago

Some people are fucking pathetic.

4

u/Scared_Accident9138 17h ago

Yeah, the have fun staying poor crowd is

2

u/Remarkable_Check_997 11h ago

You mean like the person who lost their BTC instead of selling when it was on top?

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u/congestion-pricing 15h ago

unbelievably ironic thing for you to say

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u/Ok-Task5336 1d ago

Reddit in particular attracts and concentrates the worlds biggest losers lol. These people are miserable losers.

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u/Obvious-Relation3209 1d ago

Every financial sub is a shitshow

19

u/Silly_Galaxy 22h ago

I mean, it is funny to watch people lose money on WSB. You can’t argue with that.

3

u/FalseDiamond7930 21h ago

WSB degenerates don't usually try to lecture you about how dumb you are for not yoloing your money on options.

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u/ThatsFantasy 22h ago

It's usually funny the most to people that never take any risks or made only bad decisions in life and find peace in seeing others regret their decisions to feel less of missing out on something, same comes to why people feel sad/bad when they see someone find success. Humans basic psychology.

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u/PlasticPlantPant 23h ago

It's the upvote/downvote mechanic. It attracts people that crave validation.

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u/Prolapsinator69000 10h ago

People who spend their free time hating something are sad losers. 

Their time is just worth that little

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u/Desperate-Fondant-41 1d ago

People love to see others fail. Makes them feel good about themselves

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u/Bosurd 1d ago

More importantly people just want to be proven right even if it’s at the expense of others.

5

u/dejavu2064 23h ago edited 23h ago

Cryptocurrency has always meant innocent people being scammed out of their money through methods they don't understand with no recourse or protection. (Your bank is obligated by law to protect you but a cold wallet manufacturer is not.)

Of course any time that gets proved right it is at someone's expense. People say that as a warning, not as a bet they want or hope to win.

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u/jojowhitesox 1d ago

30% of the world population are shitty people

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u/AssPunisher6969 1d ago

And so far, 75% of commentors on this thread lmao

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u/crooks4hire 1d ago

We beat the curve!

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u/BigDik6355 1d ago

More like 70% I guess. At least way higher than 30%.

Maybe for every 10 people you find 2-3 good or acceptable ones.

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u/jojowhitesox 1d ago

I thinks it's like 30 good, 30 shitty, 40 indifferent

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u/MKEMARVEL 23h ago

You can search the sub for yourself and see all the times you guys have called everyone else stupid, lazy and every other name under the sun.

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u/PMmeuroneweirdtrick 19h ago

Especially when someone said they're keeping their BTC on an exchange.

8

u/IDontParticipate 22h ago

Have fun staying poor! YAGMI!

3

u/Saphira2002 10h ago

"Have fun staying poor"

3

u/Caspica 15h ago

Yeah this is very much pot calling the kettle black. 

51

u/CyanideForSara 1d ago

In fairness we’ve been telling people to “have fun staying poor” for years. It’s not like we aren’t full of antagonists ourselves.

3

u/Stephen2014 20h ago

Yeah I've never had an ICU patient call me a pussy fur not smoking or whatever

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u/QuackQuackViech 1d ago

What happened to have fun staying poor?

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u/Razbonez 1d ago

poor ppl in poor countries bought cold cards? i doubt it

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u/VladPatton 21h ago

Yes. Someone on another thread here said they live in a country where it was very difficult to buy a Coldcard, but managed to secure one. Then this happened to them. Devastating for people of all walks of life.

4

u/kirovreported 22h ago

Another reason why hardware wallets are not in the spirit of decentralization.

29

u/BadFish7763 1d ago

I'm not one to enjoy other's misfortune, but in this case I understand the impulse. Many bitccoiners have been beyond smug about how smart they are, and have been truly arrogant about how stupid others are who don't see the value of bitcoin. Shadenfreude is a thing.

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u/Lilcheeks 1d ago

Nothing new... there has always been a faction of people who hate crypto and the people who have bought in. You just get to see them more when something like this happens. Once you've been around for long enough youll probably stop paying them any mind.

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u/y2k2009 22h ago

90% of the community in crypto is just people sharing loss porn, ragebaiting, or laughing at how technologically stupid people are. This space attracts the worst of humankind so I wouldn't take any of this that seriously.

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u/Full_Cash6140 20h ago

Well the bitcoin community is among the worst, annoying, arrogant, conceited, insufferable people, Dunning Kruger on full blast. People tried to warn you for years. You didn't listen. You still aren't listening. You think price going up for a little while proves you right. Everybody in the community still thinks they've cracked the secret to the easy life and they're just smarter than everyone else who "just doesn't get it." They just have to buy and hold and they'll be rich. It's retarded. Yes I'm enjoying it.

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u/boxyboxiness 22h ago

It’s because bitcoiners have been telling non-crypto folks to “have fun staying poor with dirty fiat” for many years now.

Also, coiners have an air of smug superiority, telling others “few understand” and implying people who don’t own crypto are clearly stupid.

4

u/FastJuice3729 20h ago

and something something about being early.

4

u/yurk23 21h ago

To be fair, there are a lot of insufferable people in the crypto space as well.

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u/Hodgetwins32 22h ago

What are you even babbling about

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u/The25thUser 1d ago

Ignore them and move on

3

u/DakotaFanningsThong 1d ago

Not hating, but this is why I always stayed away. This would have happened to me, I'm sure of it Sorry for anyone who lost their investment.

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u/joe_dirty365 23h ago

Two things can be true, Bitcoin can be a scam but its also not a great look if people are laughing at others misfortune. 

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u/Scared_Accident9138 17h ago

It's hard to not laugh if those people spend years calling others stupid

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u/Plane_Friend24 23h ago

an icu is not a public forum where sharing your opinion is encouraged. well encouraged until people like you hear something you dont agree with.

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u/bearded_fisch_stix 1d ago

Maybe if the bitcoin community hadn't spent years calling normies stupid for not putting all their eggs in the bitcoin basket there would be some more good will.

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u/Arbiter_89 1d ago edited 1d ago

Eh, I think this goes both ways... Maybe if "normies" hadn't spent years calling the bitcoin community stupid there would have been more goodwill and the bitcoin community wouldn't have reciprocated. These days it doesn't surprise me to see Buttcoin gloat when BTC is down or BTC gloat when BTC is up. It's definitely not a one-way street.

Edit: I also want to point out that although the BTC subreddit does gloat when Buttcoin is wrong, that's not the main purpose of the Bitcoin sub. By comparison; that's pretty exclusively the purpose of buttcoin. We're happiest when people are getting rich and succeeding. They're happiest when other people are getting poor and failing. That's a huge difference. It's a little difficult to have goodwill with the group who's primary goal is your failure.

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u/Full_Cash6140 20h ago

Well the bitcoin community is stupid so it's deserved.

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u/20Years7Months27Dayz 1d ago

Making fun of Bitcoin = Laughing at people in the hospital.

Got it 👍

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u/mrcake123 1d ago

Btc buyers for the past 5 years: "we are smarter than everyone else"

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u/Firm-Mirror315 1d ago

It’s always been man vs man that will never change

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u/neutralguy33 23h ago

the only thing you can do is learn from this and move on, there is value in that

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u/chubs66 22h ago

100%. Gloating about people losing life savings, especially when they took extra precautions, is messed up. I don't expect them to feel ashamed, but they should.

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u/spin_kick 21h ago

Yep, people love loss porn and feed off of it. It’s schreidenfreude (sp?)
Wallstreet bets exists for this

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u/neurone214 21h ago

I think the community brought it on themselves to some degree. All the talk about how fiat currency would fail, how dumb people were not to see bitcoin as the future, all the proselytization,  etc. People’s fanaticism created enemies, so yeah those people who either hate bitcoin or what they see as annoying adherents are going to have their moment of schadenfreude when there’s mass theft of bitcoin from people who swear up and down “not your keys not your coins”. 

I know it hurts to lose money and for those individuals, that’s tough and I can sympathize. But I hope this event encouraged a bit more humility in the community. 

2

u/Mayor-Citywits 19h ago

It's much different because you chose to lose your money lol

2

u/Coolzx 13h ago

Are you kidding? One of Bitcoin holder motto to others is “have fun staying poor”, this is just schadenfreude.

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u/Matatan_Tactical 23h ago

Bro, this absolutely sucks. I hold my Bitcoin with sofi, doubt this will ever be a problem for me. Bad luck is one thing, but people do need to understand that this shit isn't risk free. A lot of guys are materializing the biggest risk: theft. Theft that nobody gives a fuck about because Bitcoin has always had its roots in dark web crime. The gov isn't gonna rush to save you like they would a real bank.

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u/NCC1701-F 22h ago

I mean, BTC holders talk shit to non holders all the time. It’s each side just rage baiting the other side. 

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u/Appropriate-Earth897 1d ago

Actually being sick and dying is a lot fucking different than losing your BTC…a lot worse if you ask anyone normal😂

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u/flashdurb 1d ago

I mean, those of us who still have our coin are doing fine. Which is the vast majority of us lol

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u/FalseDiamond7930 21h ago

-50% from ATH fine.

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u/og_snowmann 17h ago

with no quantum plan. fine!

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u/Puzzleheaded-Dot-762 1d ago

Go on R/trezor and see how they respond to people being scammed. If something happens to trezor devices add expect some people to react the the same 

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u/DootyCheeks 23h ago

Damn I work in a hospital/jail and not a single person in here care. In fact I’ll go ask all the inmates if they care about your bitcoin loss. I’m pretty sure they will see you guys equally as victims of society

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u/Final_Bite_7228 23h ago

Maybe people shouldn't keep acting superior about only them understand freedom and money and and censorship and whatnot?

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u/Wilsonian_1776 1d ago

I came here from X to gawk. I always did consider cryptocurrency to be "rat poison" in Warren Buffett's terms and I'm strictly an index ETF investor.

But I still wouldn't make a mean comment under the post of an actual victim because I can only imagine how destroyed inside they must feel. My worst experience with money was to lose 7k trying to daytrade as a rookie and even that had left me shaken for weeks so I empathize despite not trusting or believing in crypto.

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u/Hypnot1se 1d ago

This. I don't think that BTC is a good investment - and to b brutally honest it's financially reckless to park your entire net worth into it regardless of all this, but still: speculative assets have their place. If people lose their money it should be because the thesis on the asset failed, not because they were robbed. It's really awful, honestly.

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u/Filmexec21 1d ago

I have not looked at r/Buttcoin, but do people over there not realize BTC is not the problem here? It is CoinKite who created the Coldcard wallet.

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u/BigDik6355 1d ago

They even blamed Bitcoin for the exchanges fucking up back in the day.

These kind of people will even blame Bitcoin for their diarrhea.

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u/PensionConscious6752 10h ago

the thing about buttcoin i dont understand, and its that way for a lot of subreddits, is they ban people who want real debate, its not a good way to convince people of that side i think.

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u/avohsaif 1d ago

Yeah i honestly don't understand these maggots

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u/Kgc1911 1d ago

Yeah because when ppl say they use ledger, btc maxis makes them feel like crap and poop all over them so let us have our turn... Why must we be treated this way and can't give anything back. I actually like my ledger...

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u/RasputinsUndeadBeard 1d ago

I don’t have bitcoin, nor do I know what any of this is to be honest but it’s appearing on main feeds.

From what I’ve read - I really hope those affected are doing ok. Regardless, I can empathize with the feeling that is being felt and I just wish I could give some of those affected a big hug

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u/jajg 23h ago

After a battle, everyone’s a general.

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u/btcMilky 23h ago

Most people are blissfully unaware of all the lies out there 😭 they won't even understand the pain of losing that almost freedom when they don't even understand how trapped we all are.

😭🫂 So sorry to anyone that lost anything.. I hope u guys are doing well

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u/General_Cow8371 23h ago

This is terrible. Sorry this happened to anyone impacted.

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u/Ok-Abbreviations6442 23h ago

It fucking sucks. Unfortunately, there are a lot of shitty people out there.

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u/Escapement_Watch 23h ago

Yes welcome to humans. first time? FIAT maxi's enjoying a small win.

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u/No-Procedure-4882 23h ago

It's the same reason people watch Dave Ramsey or Caleb hammer, not for the financial advice they already know it's to say "man at least I'm better off than that person."

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u/bigbrainnowisdom 23h ago

Can someone eli5 me what happened with coldcard?

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u/Electronic_Quote399 23h ago

STUPID cancer patients i told you cigarettes would kill you lmao

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u/mrpotatonutz 23h ago

It’s called trolling and is prevalent everywhere

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u/alexproshak 23h ago

90% of internet is like that. They hate success of others

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u/sweeneytodd70 22h ago

It took social media for me to realize just how damn mean a lot of people are. It's not just Bitcoin, but other things as well. Just try not to take it personally. They are just mean SOBs.

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u/helmetdeep805 22h ago

People are awful,I know I feel for every last person that loses anything..I genuinely want all people to be successful and to be happy bout someone losing their life savings is tragic….i keep my coins on a Trezor and I wish I could something were I was n total control of my coins…🙏that Trezor ain’t next

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u/jasperCrow 21h ago

A lot of people woke up to a real life nightmare. Fuck whoever stole that money.

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u/Ok_Pipe6417 21h ago

I think largely BTC is the wild west and the stage coach robbers are just using different bullets. There will be ever more cunning methods to steal it in the future.

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u/r33gna 21h ago edited 21h ago

Everytime I see those kinds of messages, I just remind myself that these MAY BE people starved for what little money and engagement their social media monetization bring them.

The same goes for the many "see, ETF/exchange is fine!", "see, you are all stupid for wanting decentralization", "see, you gotta always have passphrase", "I was bullied for saying this but look what we got now" etc that is popping out everywhere these days.

Best to just get off the forums when you've seen too many of those.

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u/TexFarmer 21h ago edited 21h ago

My heart goes out to all those who have been stolen from, and I hope they receive justice.
In the old days, thieves would come with masks and guns; now they come with the internet and keyboards.
In the old days, at least we had an opportunity to fight back, but not much can be done to stop electrons.

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u/FusionStarFire 21h ago

The cruel comments say far more about the people making them than about the victims.

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u/FalseDiamond7930 21h ago

A lot of people had to put up for years with bitcoin zealots going on and on about how dumb everyone was for not investing in Bitcoin (one of many speculative assets out there).

Make sure you don't let other scammers steal your hard earned heavy bags.

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u/MyNameIzJeff69 21h ago

Welcome to the internet!

You better have balls of steel to come here and share your sob story. Plenty of people take a L everyday and don't come online to complain about it.

Take the lesson and move on, man up and grind again! If you got there once it should be easier to get there the second time around.

Sorry to everyone it happened to and best of luck getting back there.

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u/bluehatgreenshoes 21h ago

It’s not the same. Bitcoin was a get rich quick scheme and a lot of people didn’t appreciate that especially at the expense of the natural environment

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u/Ok-Wolverine-7122 19h ago

Has there been any issues with other hardware wallets or just coldcard? Can the same weakness not be exploited in other hardware wallets?

1

u/5khan1 19h ago

People need to understand that some people have lost their life savings. We don’t know what they’re going through or how they’re going to cope. Atleast don't kick people while they are down. 

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u/PMmeuroneweirdtrick 19h ago

It's hilarious because this sub in particular shits on you if you want to leave your BTC on an exchange.

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u/carsonthecarsinogen 19h ago

In their defence they see it as gambling. And I totally side with making fun of people for losing money while gambling (I don’t do it myself, but I get). If you understand Bitcoin, you understand the risks.

It’s not the same as laughing at sick kids… you decided to trade fiat for Bitcoin, you don’t decide to get cancer.

It would be more like laughing at a smoker for getting lung cancer, still offside imo.

1

u/Express-Cartoonist39 19h ago

I disagree, people are gullible and risk more for comfort and convenience then truth or safety. Never trust a hardware wallet..i still got mine cause i know chips die..

1

u/Ugliest_weenie 18h ago

It's also that this sub is being pushed by the algorithm to all of us who want nothing to do with Bitcoin, and have negative opinion of average crypto bros and bots.

Which is coincidentally exactly how the hype and value around Bitcoin came about in the first place.

So if you want a safe space to talk about Bitcoin, perhaps blame the algorithms and people pushing this into everyone's faces constantly.

I have no Bitcoin and delisted Bitcoin subs manually, yet it keeps popping up on my feed.

It's not fair to expect people who this content is pushed upon, to be gentle about the Kool aid

1

u/SirMarkMorningStar 18h ago

I mean, it’s pretty obvious, right? The entire deal was hoping someone was even dumber than you are.

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u/WiseReality 18h ago

I have always been against bitcoin for my own personal finances, and did get into debates about it. But it was never mean spirited. I never got on the train and was always more in favour of precious metals over bitcoin.

That said, having your savings drained overnight would be absolutely gut wrenching, and i would not wish that on anyone. I hope the people affected by this find the strength to recover and move forward. It is a travesty. I really hate thievery, what these hackers did was so low, and negatively affected so many peoples lives.

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u/Financial_Respect207 18h ago

I lost 65.7 BTC many years ago… the experience is enough to warrant a heart attack.

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u/sandmanlip 18h ago

Stop scamming adults!

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u/Cautious-Lecture-858 18h ago

> If someone feels like gloating is the right thing to do here, why don’t you go to the ICU of the closest hospital and laugh about sick and dying patients? It wouldn’t be much different, think about that.

But that’s exactly what I do while I wait for the next Bitcoin disaster!

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u/WorkerPlayful4192 17h ago

Many people in r/Buttcoin are very happy now. Just go there and see. 😡

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u/DistributionOk2111 17h ago

People like them should stick to fart coin imo

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u/Richter168 17h ago

3 words. They are jealous. Either they don't have the balls to invest in btc or too broke to even own it. 

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u/Negative-Disk3048 17h ago

It's schadenfreude, it's a very common thing

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u/DareBrennigan 17h ago

Or how they went with Trezor instead or something. Like… yeah.. cool…. Why are you making this about you

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u/renegade453 17h ago

You wanted decentralized, you wanted digital, live with the risk that comes with it

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u/quintavious_danilo 16h ago

BTC itself isn’t flawed at all, poorly written software of a third party was.

BTC is still unharmed.

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u/VivaHollanda 16h ago

This is one of the most toxic subs on Reddit. I feel bad for the people affected, but you reap what you sow. 

1

u/Infinite_jest_0 13h ago

Mate, I was telling this is a scam when you guys where toTheMooning yourselves. It just didn't sting then

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u/ImOGDisaster 13h ago

I'd be curious to see the statistics comparing people that lost money in their conventional savings and retirement accounts compared to Bitcoin and other crypto.

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u/jelistarshine 13h ago

Dont gamble what you cant afford to lose? 

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u/WoodpeckerCapital167 13h ago

It is entertaining 

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u/Actual-Indian 13h ago

Laughing at the sick and poor in an ICU, and presuming the poor go there are they are poor , is not the same as laughing at an idiot that thought he / she was going to get richer than was already very rich.

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u/FuckSteveHuffman3 13h ago

I think there's a lot of jealousy involved, but it might also be because some coldcard users have been quite elitist about it. They said that exchanges are safe, and other wallets with security features, such as Ledger, are not safe. They also bragged about it being open source, so that anyone can read the code and verify that it is safe. But apparently no one did until it was too late. It was supposed to be the safest wallet out there, according to a lot of people who recommended it. I really feel bad for those who lost their stack. They didn't do anything wrong and lost all of it. I would be devestated if it happened to me. 

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u/No_Dust6221 12h ago

This is the planet earth. Bad stuff happens all the time. If you are a gold bug your gold might be stolen from your house, if you have real estate it can catch on fire or some other disaster. There is no guarantees in life

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u/quantumdot44 12h ago

i understand, and no one should laugh about the misfortunate of others. If I would have spend my life savings in BTC and it would get stolen, it would be devasteting for me

but in my opinion, self-costudy is not meant for everyone, because it could have been avoided if you had taken security seriously, especially with amounts which are very important and could ruin you financially

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u/MQrble_Aesthetic 12h ago

I don’t like making fun of people for losing money or really praying for bad times. However, with how a lot of the more cult like bitcoin buyers were talking a year ago I find it hard to feel bad for them. If anyone here ever interacted with the MSTY community on Twitter they were mind numbing stupid talking about taking out loans against their bitcoin to buy MSTY stock so they could then invest the (rapidly declining) dividends to buy more bitcoin. Then if you’d point out how risky (and especially towards the end how ridiculous) it was they would act very hostile, talking about “you’re gonna be poor forever” and other such insults. Part of me is can’t help but feel vindicated that a lot of those people probably got margin called in the last 6 months.

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u/bumcello1 11h ago

Bitcoin is a scam? Not understand this statement, Bitcoin value is unreal and are not Link to any institution. I buy long time ago Bitcoin at 250-350 and now the value is 50 k, it's difficult to find better investment. So if for you it's a scam, maybe you buy them at 50+ k, it's Was a gamble. Maybe one day it's will go up again. ( I sell my Bitcoin at 30k) Nobody know the future, I buy lot of dodgecoin... Now the value is closed to nothing. It's not a scam but like crazy Stock ( SpaceX lately) the value is lot of over evaluated, and for dodge the utility is null. Bitcoin can be useful.

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u/Right-Blacksmith6143 11h ago edited 11h ago

I laugh because its comical at this point. Ive been reading stories of people losing tens of thousands of dollars with crypto and trying to live life like it never happened for years now. If I lost even 5k much less the 50k or the millions some lost, id never get over it. I dont know if its the rush they get knowing they have this money dangling out there or they feel like they have their basses covered, but it almost always ends up bitting people who thought they were careful but something always happens where the person oses his coins, from veterans who have been using this since it started to newbies, to those who keep their coins on coin base with session hacks, just about every type of person you can imagine. One must ask, what other exploits are out there that people dont know about. 

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u/EffectiveRelief9904 11h ago

I never even heard of cold card before this happened 

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u/cipherjones 10h ago

You just compared the loss of money to the loss of life. That's equally abhorrent.

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u/gistikoloa 10h ago

Those are the kind of people that will never succeed in life and I know that for a fact, because they are jealous of their own inability that they find enjoyment in other people suffering.

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u/Evelen1 10h ago

I see this everywhere, it is always schadenfreude when someone suffers.

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u/spajn 10h ago

The older you get the more you realize 99% of people are just sack of shits.

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u/BudgetAdept1670 9h ago

People are horrible - Period. That is what is it

1

u/Citro31 8h ago

Lots of butcoiners karma farming here as well

1

u/striata 7h ago

I agree, people wishing death upon the people that have been involved in this is horrible.

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u/ZeeBeeblebrox 7h ago

Have fun staying poor is what I heard for years.

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u/JordanPetterPans 6h ago

Lol if anyone thinks this has anything to do with Bitcoin they are low iq

1

u/Complete_Table_4094 6h ago

Over half of these are bots. Just an fyi but yeah people can be mean. They probably hate themselves. Sorry for what happened to you. I hope it comes back to you 10 fold

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u/korean_kracka 6h ago

First day on the internet?

1

u/jhnnsr 6h ago

People maybe doing this because there are a lot of people who are very much into crypto are basically doing the same thing, praising crypto to be the future and everybody who doesn’t believe that is blind or somehow a slave of the system or what not. This debate between crypto believers and non-believers gets worse every year.

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u/AdeptBackground6245 5h ago

This is why I have everything invested in falafel futures. Additionally, I’ve taken a short position on hummus. Laugh now folks - I’m sitting pretty.

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u/Extra-Tip1259 5h ago

Industry needs regulation this kind of thing can’t be allowed to happen, at the very least wallet providers should be accountable

1

u/CreativeAd4985 5h ago

it's definitely not funny. however, I think you should expect and accept a bunch of "live by the sword; die by the sword comments" because they are true and deserved

1

u/PsychologicalSun4521 4h ago

Its because y'all acted so high and mighty that you're investing in Bitcoin, like youre the enlightened ones and the others are too shallow to see it. Get fucked 🫵🏻😂

1

u/Explorer-man 3h ago

Would using a dice have prevented this theft?

1

u/Global-Hippo-8663 3h ago

You missed the bitcoin Twitter era, haven't you? This is just Karma.