In this episode I continue unpacking the Coldcard RNG disaster, wrestling with whether it was malicious or just shockingly incompetent design and attitude. I walk through how arrogance, licensing changes, and convoluted security theater may have let a fundamental failure sit unnoticed for years, possibly causing key collisions and bizarre “free Bitcoin” situations. I also warn about fake Sparrow and Wasabi mobile apps ruggedly stealing funds from people scrambling to move their funds, and set up a part three focused on lessons learned and best practices.
Chapters
(00:00:00) - Introduction
(00:00:51) - Malice vs incompetence
(00:02:10) - Security theater concerns
(00:03:35) - Tinfoil theory and NVK
(00:06:59) - Source-available code shift
(00:07:37) - RNG bug explained
(00:09:11) - Arrogance and oversight
(00:11:00) - Key collisions stories
(00:14:11) - Fake apps and closing thoughts
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