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Bitcoin Audible

Learning the Wrong Lessons

Freitag, 28. August 2026 · 16 min

MP3

Shownotes

<p>Thousands of careful Bitcoiners just got wiped out by a Coldcard entropy bug, and I use this episode to push back hard on the idea that self-custody is dead, and "don't trust, verify" failed us. </p>
<p>I walk through the brutal history of centralized custodial failures, explain why "holding your own keys is still orders of magnitude safer, and extract three real lessons from this recent disaster. This is about keeping perspective, learning the right lessons from pain, and making Bitcoin self-custody stronger, not weaker. </p>
<p><strong>Chapters</strong> </p>
<p>() - Intro </p>
<p>() - Is self custody pointless </p>
<p>() - Only tradeoffs exist </p>
<p>() - History of exchange hacks </p>
<p>() - Custodial total losses </p>
<p>() - Not your keys </p>
<p>() - Coldcard loss in context </p>
<p>() - Bitcoin as antifragile </p>
<p>() - Open vs source available </p>
<p>() - Audits and entropy</p>
<p><strong>Affiliate Links</strong></p>
<ul>
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</ul>
<p><strong>Host Links</strong> </p>
<p>⁠Guy on Nostr ⁠(Link: <a href="tinyurl.com/2xc96ney">http://tinyurl.c…;) </p>
<p>⁠Guy on X ⁠(Link: <a href="twitter.com/theguyswann">https://twitt…;) </p>
<p>Guy on Instagram (Link: <a href="instagram.com/theguyswann">https://www…;) </p>
<p>Guy on TikTok (Link: <a href="tiktok.com/@theguyswann">https://www.t…;) </p>
<p>Guy's Takes on YouTube (Link: <a href="youtube.com/@GuysTake">https://www.you…;) </p>
<p>Guy Swann on YouTube (Link: <a href="youtube.com/@theguyswann">https://www.…;) </p>
<p>⁠Bitcoin Audible on X⁠ (Link: <a href="twitter.com/BitcoinAudible">https://tw…;) </p>
<p>The Guy Swann Network Broadcast Room on Keet (Link: <a href="tinyurl.com/3na6v839">https://tinyurl.…;)</p>
<p><strong>References from the episode</strong> </p>
<p>Forbes: <a href="urlfy.org/RDRfIkQ">https://urlfy.org/R…; </p>
<p>Bitcoin Magazine: <a href="urlfy.org/mcBm04r">https://urlfy.org/m…; </p>
<p>Crypto Briefing: <a href="urlfy.org/wmWw1di">https://urlfy.org/w…; </p>
<p>X: <a href="urlfy.org/9iTPaOL">https://urlfy.org/9…; </p>
<p>Okumaru Goro: <a href="urlfy.org/KJW9ATL">https://urlfy.org/K…; </p>
<p>Crypto Briefing: <a href="urlfy.org/13bbT8t">https://urlfy.org/1…; </p>
<p>Coldcard Hack Tracker: <a href="urlfy.org/9CIZMk8">https://urlfy.org/9…; </p>
<p>Coinkite Blog: <a href="urlfy.org/4OAm8cd">https://urlfy.org/4…; </p>
<p>Bitcoin Stack Exchange: <a href="urlfy.org/Yn4V8o8">https://urlfy.org/Y…; </p>
<p>Technology Innovators: <a href="urlfy.org/YU4yHhe">https://urlfy.org/Y…; </p>
<p>NVK.wtf: <a href="urlfy.org/e6FRNTR">https://urlfy.org/e…; </p>
<p>DanB Blog: <a href="urlfy.org/WqQKqCm">https://urlfy.org/W…; </p>
<p>BitBox Blog: <a href="urlfy.org/mlJe2ct">https://urlfy.org/m…; </p>
<p>Bitcoin Well: <a href="urlfy.org/jyosFLM">https://urlfy.org/j…; </p>
<p>Lopp Blog: <a href="urlfy.org/UQGBXZP">https://urlfy.org/U…; </p>
<p>Crypto University: <a href="urlfy.org/DoHZ1ca">https://urlfy.org/D…; </p>
<p>OneKey: <a href="urlfy.org/nBMCpX0">https://urlfy.org/n…; </p>
<p>Spark Money: <a href="urlfy.org/c1WCJBu">https://urlfy.org/c…; </p>
<p>Spiral Substack: <a href="urlfy.org/Pdm0e5a">https://urlfy.org/P…; </p>
<p>GitHub: <a href="urlfy.org/P3mkfhF">https://urlfy.org/P…; </p>
<p>BBC: <a href="urlfy.org/OVg8W2B">https://urlfy.org/O…; </p>
<p>Reuters: <a href="urlfy.org/oir88KO">https://urlfy.org/o…; </p>
<p>The Independent: <a href="urlfy.org/Smd5e7W">https://urlfy.org/S…; </p>
<p>CoinDesk: <a href="urlfy.org/1EGotje">https://urlfy.org/1…; </p>
<p>YouTube: <a href="urlfy.org/0yjQMzO">https://urlfy.org/0…;

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