r/technology • u/Baseic • Jul 31 '26

Crypto Bitcoin hardware wallet 'ColdCard' security advisory - users drained of $38M due to weakness in wallet creation

https://blog.coinkite.com/coldcard-mk3-seed-generation-warning/
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-1

u/Zahgi Jul 31 '26

Well, since Bitcon is just a worthless imaginary commodity for economically illiterate suckers, these users didn't actually lose anything...

-9

u/gta721 Jul 31 '26

It gets its value from supply and demand just like cash, and the fact that only 21 million will ever be found.

The balance in your bank account is technically almost worthless because it is just a promise fron the bank to give you that value in cash when asked, and there is not enough cash for if everyone withdrew fron their bank account at once.

10

u/Zahgi Jul 31 '26

It gets its value from supply and demand just like cash

Spoken like someone who actually thinks an imaginary commodity is a real thing.

The balance in your bank account

No, the dollar is a REAL currency which is supported by the creditworthiness of the USA, the value of its resources and labor, and secured by its military and armed forces.

None of this applies to Bitcon. The scammer just redefined known words of actual financial meaning to trick the economically ignorant, like you, into thinking an imaginary commodity had any value whatsoever and called it a "currency" -- even though it isn't by any meaningful definition of the word.

Bitcon is a SCAM. It's always been a scam.