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Reflection on today's episode

Bitcoin Reddit

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Today's episode literally killed the faith of several hardcore old time bitcoiners and I'm shaken too, not going to lie. Even more than the FTX collapse.

Why? The mantra "not your keys, not your coins" was already widely spread out due to the MTX episode, so most bitcoiners were prepared and learned the lesson the first time.

What happened today is way deeper, because the mantra "don't trust, verify" is more complex.
Everyone can simply not trust, that part is fine, but what about the "verify" part? Not everyone can to a deep dive analysis on the RNG of a software wallet. More than that, most people have no clue what these things are.

And then they say open source code compensates for that.
"Well, if I can't verify by myself, at least I'm using open source SW, there are THOUSANDS of well-trained eyes and programmers watching this code, surely nothing bad could happen, right?".
And even so, half a decade later, we get this. That's horrible to the community and I'm really sad with all the horror stories emerging.

Is the future mantra going to be "not your 128+bit-true-entrophy-multisig+passphrase-setup-keys, not your coins"?

submitted by /u/Lanky_Assist_6317
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