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2026-07-31 11:47:05 UTC

waxwing on Nostr: I want to write a whole essay about this Coinkite disaster but I'll resist for now, ...

I want to write a whole essay about this Coinkite disaster but I'll resist for now, and just make one point that I don't think others are making: constrained devices need to source entropy in unusual, more complex ways. /dev/urandom as a PRNG, at least post-2012, has been pretty reliable for software wallets throughout bitcoin's life. There have been several other entropy failures in wallets similar to this one, but they've *all* been based on customized entropy generation methods. I'm dubious that people's conclusion is not to be suspicious of the constrained, single-purpose device model, but instead to conclude 'hardware wallet plus dice rolls and/or multisig across manufacturers' is now the sensible thing. That model is not terrible at all, pros and cons etc., but damn is it asking a lot of ordinary users. I have always advocated for commodity hardware (a laptop) that never sees the internet, if you are serious about security, but I admit the hardware wallet model's advantages are very notable. The thing is, so are its risks.