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Self-examination lacking after ColdCard losses, Bruce Fenton argues

Self-examination lacking after ColdCard losses, Bruce Fenton argues
ColdCard cold storage advice questioned

Bruce Fenton questions whether proponents of cold storage, particularly those who specifically recommended ColdCard, will reflect on their actions and acknowledge the financial impact on users.

He highlights concerns that these recommendations may have led to monetary losses, urging those involved to reconsider and evaluate the advice they gave.

Fenton has previously stated that BIP 110 was unlikely to present a significant fork or create major trading opportunities due to low interest from the market, as detailed in a prior article. He also argued the Bitcoin industry should have placed greater emphasis on privacy and independence, rather than aligning closely with government systems, according to another earlier piece. These comments form part of his ongoing commentary on industry practices and priorities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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