This is why crypto will never succeed

People are losing their minds over this Coldcard situation. The reality is that very few people truly understand how their crypto is kept safe and secure. Most have simply placed blind trust in a third party to generate a set of words for them and assumed the process was completely secure.

They have been conditioned to believe that “not your keys, not your coins” is the most important rule of all. While that principle is important, it’s not the entire story. A question that far fewer people stop to ask is: “How were my keys actually generated in the first place?”

That is the part many overlook. The security of your Bitcoin ultimately depends on the randomness and integrity of the process used to create your keys. If you don’t understand how that process works, you are still placing a level of trust in someone else.

The point I’m trying to make is that the average person is not going to spend the time researching cryptography, entropy, key generation, and proper security practices. They are not going to go through the necessary steps to independently verify that their keys were truly generated with sufficient randomness and without unnecessary trust assumptions.

For most people, convenience will win over self-sovereignty. And that’s the difficult balance Bitcoin asks users to navigate: taking full custody of your assets also means taking full responsibility for understanding and securing them.