This story seems a bit strange to me, and I doubt its authenticity. The guy presents himself as a bitcoiner who uses a Coldcard. If someone truly understands Bitcoin and uses a Coldcard, that’s an advanced user who definitely knows how important it is to never enter the seed phrase online.

That’s why this feels more like yet another FUD aimed at slowing down Bitcoin adoption and scaring everyday users away from moving to self-custody. Just like the stories about quantum computers and other “end-of-Bitcoin” narratives that occasionally surface in the media.

I also leave room foropen the possibility that this is just  a boating accident.

For those who don’t know what the “boat incident” is, it’s a well-known joke among Bitcoiners about losing coins, referring to someone supposedly losing their hardware wallet during a boating trip.

https://www.youtube.com/watch?v=mN_P39xI1ss

This story seems a bit strange to me, and I doubt its authenticity. The guy presents himself as a bitcoiner who uses a Coldcard. If someone truly understands Bitcoin and uses a Coldcard, that’s an advanced user who definitely knows how important it is to never enter the seed phrase online.

That’s why this feels more like yet another FUD aimed at slowing down Bitcoin adoption and scaring everyday users away from moving to self-custody. Just like the stories about quantum computers and other “end-of-Bitcoin” narratives that occasionally surface in the media.

I also leave room for the possibility that this is just  boating accident.

For those who don’t know what the “boat incident” is, it’s a well-known joke among Bitcoiners about losing coins, referring to someone supposedly losing their hardware wallet during a boating trip.

https://www.youtube.com/watch?v=mN_P39xI1ss