bobsbtc retweeted
ALT Text reads, "When you get to meet your online Bitcoin maxi friends in real life," above a movie scene of several men in white institutional clothing sitting in a circle.
bobsbtc retweeted
people who stored their btc on coldcard got drained because of entropy.
the seed generation was reproducible, anyone could recompute their keys.
so i went through every other hardware wallet to see how they make your seed, and whether the same thing can happen again.
@Trezor: mixes the device's randomness with randomness from your computer, and the device has to prove it used both. even if its chip is fully broken, you're still fine. the best design here by far.
@BitBoxSwiss: 5 separate sources of randomness combined. one bad source can't sink you. open source, reproducible builds, dice supported.
@FoundationHQ: built their own randomness circuit out of plain resistors and capacitors, open source, on top of two other sources. no black-box chip to trust. supports dice.
@KeystoneWallet: 2 secure chips from 2 different manufacturers, combined. also lets you roll 99 dice and publishes how to check the result yourself.
@Blockstream: jade pulls from 7 things: radio noise, cpu counters, battery, temperature, camera, your input, the app. very hard to break all of them.
@SeedSigner: your dice are the only source. no chip to trust at all. and they ship a guide teaching you to verify their own math. weakest hardware, strongest proof.
@OneKey: secure element plus mcu combined on device, open source firmware. solid, but you can't add your own randomness.
@Ledger: one certified chip (AIS-31, EAL5+). good randomness. but it's a single source, closed source, and you cannot verify any of it. you're trusting them completely.
@Tangem: key is born inside the chip and never comes out. audited by three firms. same trade: strong, and impossible for you to check by design.
@ngrave_official: mixes chip randomness with your fingerprint and room light. clever. but the "EAL7" badge covers one software component, not the whole device.
@ELLIPAL: single certified chip, no software fallback, fails closed instead of guessing. closed source, so take it on faith.
@SafePal: 2 chips mixed. they've never published the details.
@COLDCARDwallet: patched now, and dice on coldcard were always verifiable. but every seed made between 2021 and 2026 is permanently burned.
one source = ledger, tangem, ellipal. that one source fails, everything fails. their answer is to make it excellent and certified. that's exactly the bet coldcard lost.
many sources = trezor, bitbox, passport, jade, keystone. one broken source never reaches your key.
and every one of these claims 128 or 256 bits.
coldcard did too. certification doesn't help either, coldcard's chip was fine, the code just stopped calling it.
the only thing that saves you is being able to check.
roll your own dice. verify the words yourself.
bobsbtc retweeted
If you stole all of this bitcoin from plebs and are reading this tweet you can still do whatβs right.
There is almost 0% chance you ever get to spend that bitcoin without authorities catching you.
Claim to be a white hat hacker who took money to protect the plans, Return the funds and live with the consequences.
bobsbtc retweeted
NEW: πΏπ¦ South African Bitcoin Exchanges Respond to New Capital Flow Regulations.
South Africaβs two largest licensed Bitcoin exchanges, Luno and VALR, have responded to the National Treasury Draft Capital Flow Management Regulations, 2026.
Read More: bitcoinnews.africa/south-afrβ¦
bobsbtc retweeted
π¨ The South African government is attempting to OUTLAW FINANCIAL FREEDOM.
π« Under the guise of "capital flow management," new draft regulations will effectively destroy self-custody and Bitcoin's promise of financial inclusion in our country.
πΏπ¦ These aren't just rules for exchanges. They are a direct attack on EVERY South African.
Hereβs what they do:
βΌοΈ BAN SELF-CUSTODY: By targeting transactions that touch global network infrastructure, they make self-custody illegal.
βΌοΈ FORCE LIQUIDATION: They grant the state the power to force the sale of Bitcoin to the National Treasury. This is expropriation.
βΌοΈ OUTLAW CIRCULAR ECONOMIES: Peer-to-peer transactions for goods and services will be deemed "black market" activity if they exceed an unspecified threshold.
βΌοΈ GIVE THE STATE ARBITRARY POWER: The Minister can decide the "threshold" for illegality at any time, creating uncertainty for everyone.
β This is a war on open, permissionless money. It's a war on the unbanked. It's a war on your right to control your own wealth.
π And they're trying to do it WITHOUT A VOTE IN PARLIAMENT.
β³ The deadline for public objection is either May 18 or June 10, depending on which government source is consulted.
We have no time to waste.
πSEE DRAFT HERE:
treasury.gov.za/public%20comβ¦
π SUBMIT YOUR OBJECTION HERE:
ag.bitcoinzar.co.za/
π READ THE CRITICAL ANALYSIS:
capecrypto.com/south-africa-β¦
π’ SHARE THIS POST.
The world needs to see what is happening.
bobsbtc retweeted
I will defend Bitcoin against Roger Ver & bcasher FUD.
I spent five years at a Ver-backed company.
I was a moderator on r/Bitcoin and r/BTC during the blocksize wars.
Don't tell me to read Roger's book. I lived it. I don't need to listen to his fictitious version of events.
These people aren't happy doing their own thing with their shitcoin. They have spent nearly a decade devising schemes against Bitcoin and its users.
They ally with anyone who will help them--including Craig Wright. Roger even played himself by believing CSW was Satoshi.
The truth is simple--Roger and his pals failed to take control, and they refuse to give up.
I refuse to engage with these scammers. I'll call out their bullshit, but I'm not wasting time debating people who aren't interested in honesty.
The market spoke in 2017, and it is still speaking today.
It has two words for you:
You lost.
I have five words for you:
Move the fuck on, scammers.
bobsbtc retweeted
So, you're listening to Roger Ver and, as a anti-establishment skeptic, you think his "bitcoin is hijacked" spiel makes a lot of sense?
You've heard that Bitcoin was "co-opted" by Epstein, powerful corporate elites, the deep state or the US government?
Listen to this.
bobsbtc retweeted
Here is the transcript:
And Roger has done an incredible amount of damage to Bitcoin. It's really, really, really sad. So first of all, the block size wars proves that Bitcoin can't be hijacked. So his entire scheme to frame it as a hijacking of Bitcoin not only is wrong, but is the complete opposite of what happened because he tried to hijack Bitcoin and he failed. That's what actually happened.
And by the way, I was there and that's how I became a Bitcoin influencer, because before the block size wars, I was known because I was running the Bitcoin embassy and the Bitcoin meetup in Montreal. And I was in the space a little bit, but I wasn't really consequential before. I don't know, maybe I'm misrepresenting myself, but I definitely became a prominent voice for the cypherpunk side of Bitcoin versus the corporate side of Bitcoin.
And Roger was on the corporate side of Bitcoin. So Roger was allied with Coinbase, with blockchain.info, with BitPay. Roger was allied with Barry Silbert and the digital currency group ETFs. Roger was Wall Street. Roger was the big Chinese mining firms. Roger was Silicon Valley money investors. He was the establishment trying to hijack Bitcoin because he wanted Bitcoin to change. And he thought that he was so important because he was Bitcoin Jesus. And a lot of credit goes to him for what he did in Bitcoin early on. And he was full of self-importance. He said, hey, I want Bitcoin to change. How does he want Bitcoin to change? He wants Bitcoin to compromise.
So what he wanted was to change the rules of Bitcoin, which is the one thing that makes Bitcoin unique β that the rules cannot change. Because if the rules can change, then the question arises: who decides what the new rules are? Okay, now we need to have a governance mechanism to change the rules. Who is part of that governance mechanism? Well, in Roger's mind, it's him and his cronies from Wall Street and Silicon Valley. So he wants to change the rules of Bitcoin in order to make Bitcoin more centralized, but cheaper and faster to use. Which is not even something that he would have achieved, but that's what he wanted to achieve. So not only would his idea not have worked, his idea was: let's compromise on the fact that Bitcoin is not governable. Let's make Bitcoin governable. Let's put me and my friends at the top and let's change the rules to achieve a goal, which is slightly lower transaction fees.
He tried to hijack Bitcoin. What we demonstrated on the cypherpunk side β and that's how I became friends with Samson and Blockstream. That's why a lot of us, all these OG cypherpunk people β why are we all friends? It's through this camaraderie where we said, we need to stop this hijacking of Bitcoin through cypherpunk technological means. So there was a conflict. And obviously, even though they had all the money and the power, we had the technology and the resolve. We won, he lost.
He lost a lot of money because of that β an insane level of money, an unfathomable level of money. He still has a lot, but he lost a lot of money because of his failed coup d'Γ©tat against Bitcoin. And he's bitter and resentful, and he's trying to get you bitter and resentful with him. Fuck Roger Ver. Fuck this guy β he was one of my heroes because when I got into Bitcoin, I was a fanboy of Roger. The damage that he has done by convincing people that Bitcoin is hijacked erases all of his previous advocacy. And I'm sorry to say, fuck this guy. He's trying to sell you something else. He's trying to sell you his new Bitcoin. And he's bitter and resentful.
β And it doesn't work either.
β And it doesn't work.
β It's not working for him.
β Right. Because there is nothing to do with what he's trying to sell.
And Roger is right because he advocates for individual freedom. He's right about a lot of things. So it's tempting to believe Roger because he's well-spoken and he's dedicated and he's motivated for human freedom and free markets. But when it comes to Bitcoin, he's a fucking moron. So don't listen to this guy. Bitcoin is not hijacked. If Bitcoin was hijackable and hijacked, don't you think β would they really allow Bitcoin to continue to exist?
Bitcoin is being used for good. It's also being used for bad. And a lot of the ways that Bitcoin is being used are not things that very powerful people support β things that really powerful people oppose dramatically. So if it was hijackable β oh, maybe they're waiting to hijack it in the future. Come on. People have tried to hijack it and it has failed.
So on the contrary, you should look at Roger's book and Roger's ideas that Bitcoin is hijacked and think of it this way: he tried to hijack Bitcoin and it didn't work. That's what actually happened.
He has done so much damage out of pure resentment. Bitcoin is not hijacked and the solution is not barter. Barter doesn't scale.
β Cash is limited.
β Cash is great. Cash β value melts over time. You need money that works on the internet. I'm sorry. Otherwise, you're not gonna get nice things. Cash and gold don't transport over communications channels and physically also don't transport really well. So you're left with Bitcoin.
It's very tempting and I get it because so many things have been scams and so many people that you thought were on our side are not β in my case, Roger. Politicians that said the right things but when they go into power, they start bombing other countries. We are continuously disappointed and the black pill is almost addictive. It's like, Bitcoin is too good to be true.
β Right.
β It must be CIA.
β No, I get it. I get why they fall for it.
β And I totally get it. In order for someone to really understand Bitcoin the way I do requires a lot of time understanding the technology. It really makes me sad because if you could see Bitcoin the way I see it β you never stop learning in Bitcoin, but at some point, I've been in it for 12 years. I understand Bitcoin. People say, oh, you never really understand Bitcoin. Yeah, theoretically, but I understand Bitcoin fully and I wish you could see what I see because I can see the whole picture of how it all works and how it all comes together and why it is actually resistant to co-option.
Even if we had six hours, I could probably go a long way, but even after six hours, I really couldn't fully make you see the picture that I have in my head. It takes a long time.
So unfortunately, you're gonna have to take my word for it. And I hope I'm more convincing than Roger that Bitcoin is not co-optable. But the evidence is Bitcoin has been working for 16 years. And a lot of people are gonna say, well, yeah, Trump and BlackRock and all these big guys got into Bitcoin. So if they are pro-Bitcoin β
β Because they have no choice.
β Because they have no choice.
β They have to join.
β They have to join.
β They actually understood that they cannot win that.
β There is no way for the US government to remain in its current form and Bitcoin existing. So some of them have understood, but some of them have not. The US government and the way that it's financed and structured cannot exist if Bitcoin becomes the global dominant form of money. And the fact that you have the US administration supporting Bitcoin is β it's almost like, shh, don't.
β I know, don't talk too loudly.
β Should we tell them that we're destroying them? And that if they leave us alone, we're gonna β or should we pretend that we're on the same team? What should we do? This is crazy. I never thought that they would support their own doom, but I think that they're dramatically underestimating Bitcoin. I think they think Bitcoin is a toy. Trump at the Bitcoin conference, when he announced β he used his speech.
β Yeah, play with your Bitcoin.
β Have fun with your crypto.
β Yeah, have fun with your Bitcoin.
β Have fun with a little Bitcoin β he clearly did not understand what we're doing, which is great. And other companies like BlackRock β you cannot separate BlackRock from government. They are the financial establishment. However, contrary to politicians, they are intelligent and they hedge their bets. That's what they do β they're a hedge fund, so they hedge. And I think that they have a selfish reason to get into Bitcoin. So Saylor and all these institutional guys, some of them are worse than others, some of them are great β you have all sorts of characters. But people are used to the idea that he who controls the money controls the governance. In Bitcoin, it doesn't work that way. Bitcoin is not proof of stake, it's not Ethereum. You can have a million Bitcoins and β
β Still not have the power.
β And how can I back up this claim? Because it happened in 2017. You had Roger, the guy who had the most Bitcoin in the world, and Brian Armstrong, and Coinbase, and all these guys that combined had way more Bitcoins than Saylor. They had way more Bitcoins than Saylor and BlackRock. All of these early crypto VCs β Barry Silbert and all these guys β they were sitting on stashes of a million-plus Bitcoins. They tried to take it over.
I'm not afraid of BlackRock, I'm not afraid of Trump taking over Bitcoin. We always have to be vigilant, because Bitcoin is an organism and it's being attacked by a virus. We need antibodies to fight that. And the antibodies are the cypherpunks within the ecosystem. We have to be vigilant and develop a healthy culture of resistance to co-option. If all Bitcoin users are apathetic, Bitcoin can be co-opted.
β Absolutely.
β But we're not. And why are we not? It's because we have a flame inside of us. And how are you sure that this flame is gonna remain alive forever? Come to a Bitcoin conference.
β Exactly.
β Meet us, and you'll understand that some of us would die for Bitcoin.
β Yeah.
β I don't wanna die, because I have a little daughter now and I like my life, but I'm willing to go all the way. And who will die for the fiat system?
β No one.
β No one wants to die for the banks.
β No, yeah.
β Unfortunately, people do, because they're being manipulated into thinking they're fighting an enemy in war, when actually they're dying for the petrodollar system.
β Of course.
β But if they were told, you will die for the fiat banking system β no, nobody wants to do that. They will always fold.
