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this post was submitted on 02 Aug 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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I was gonna link someone else’s observations on it, but got sidetracked by a shiny object or something.
https://mastodon.catgirl.cloud/@49016/117021988214007605
They didn’t link the sources, but apparently the all-my-apes-gone twitter crowd are still breathtakingly ignorant of technology and statistics, despite how many years of bitcoin catastrophes have passed.
Posted entirely unironically, apparently. Hard to say, but Poe’s law has yet t be repealed.
New things I think learned from this thread:
the thief used a blockchain provider instead of an ad-hoc local node, making all the transactions incredibly traceable with (unclear to me) implications about their ability to launder them or keep their identity concealed indefinitely.
even if they are found out, the previous owners probably won't see a dime back since the vulnerability affects exactly the ability to prove you really were the previous owner.
Unclear which thief since the web3isdoinggreat writeup says there had been up to 15 unique groups doing mass drains by 31/7, maybe the initial 500 wallet sweep was one person or group?
enjoy ur hypertopical vibecoded website du jour
https://coldcardwatch.com/
Hahaha
All the dice discourse in particular has made this a fun throwback to the days of crypto bros earnestly arguing about which wall in your house you should hide your hand-stamped seed phrase record inside and whether you could trust a published book of truly random numbers over a series of 256 coin flips. Ironically I can only assume that by the time any of the concerns about entropy sources were validated most of them lost their crypto to some combination of get-richer-quicker ponzi schemes and twitter DMs claiming to definitely be FTX tech support.