Check out these two Bitcoin seed phrases: (a general lesson in entropy) SEED A: ocean tiger silver dance pigeon melody crystal rocket amber jungle violin sunset. Now check out this one: SEED B: garden mirror silent canyon river melody crystal rocket amber jungle violin sunset They both look random to me. But this is the issue that has unfortunately happened with the Coldcard wallet bug. It's random generator didn't give sufficient randomness. You can't tell the two phrases apart if you use the device to give you your words. You get them. You write them down. Stamp them in steel. Done. All proper 12-word BIP-39 seed phrases starts with 128 bits of high-quality randomness (entropy). And most devices have a TRNG (True Random Number Generator). If that TRNG is flawed or has a bug, the device doesn't produce the full 128 bits of real entropy (or 256 bits for a 24-word seed phrase). SEED A above was generated with 128 bits of entropy. SEED B, however, was generated with only 40 bits of entropy. Again, so what? Doesn't someone still have to guess those 12 words? With only 40 bits of entropy, a skilled attacker could download the entire possibilities of those seed words, which is about 1.1 trillion. Although large, that's small enough to run a program, extract every possibility, and begin taking funds from wallets with balances. This is the bug/attack that struck Coinkite with their Coldcark MK3 generated seeds (using firmware 4.0.1 and later). You cannot spot the problem just by looking at the words👀 SEED A above has the full 128 bit entropy, and thus gives 340 undecillion combinations. This number can't be brute forced with any computing power currently available to man. The fix? Roll your own words for true, full randomness you can see and verify. Add a passphrase (a 13th "word") to increase that randomness. And don't let those words touch the internet. But still... look into multi-sig. It really solves so many problems that we've had and continue to have.

At 144 slides, this Bitcoin talk from Vegas 2026 @TheBitcoinConf retains the title for most slides per minute. And everyone knows that more slides = more value! In under 20 minutes... enjoy a Bitcoin keynote like no other. Because, again... MOAR SLIDES!