Bitcoin says:
“Be your own bank.”
But what happens when you do everything right…
…and the hardware protecting your keys is what fails?
That’s the uncomfortable question Coldcard victims are now asking.
No phishing. No leaked seed. No exchange collapse.
A security device designed to protect sovereignty may itself have created the vulnerability.
And now victims are organizing.
The debate is shifting from:
“How was the Bitcoin stolen?”
to:
“Who is responsible?”
Because self-custody means taking responsibility for your keys.
It should not mean giving hardware manufacturers zero responsibility for defective security.
Bitcoin transactions are irreversible.
Legal liability isn’t.
This could become one of the most important battles the hardware-wallet industry has ever faced.
“Not your keys, not your coins” was never supposed to mean “not their responsibility.”
Bitcoin has no CEO.
No board.
No president.
No government.
So who just fired Luke Dashjr?
That question exposes something Bitcoiners rarely want to admit: Bitcoin has governance.
It just doesn’t have rulers.
Developers have influence.
Maintainers have permissions.
Miners have hashpower.
Users have nodes.
Markets have the final economic verdict.
Luke Dashjr wasn’t “fired from Bitcoin.”
That’s impossible.
He lost power inside one Bitcoin institution—and the fight over who had the authority to remove him may become a major governance precedent.
Bitcoin’s real innovation isn’t the elimination of power.
It’s something far more radical: Power exists everywhere.
But nobody is allowed to monopolize it.
Bitcoin has no king.
Yet it may have something resembling a constitution.
And we’re watching it being written in real time.
Bitcoin Has No Leaders. So Who Just Fired Luke Dashjr?
8 hours. 2 blocks. 0 survivors. ⏱️🧱
They thought they could rewrite the rules with just 2.53% of the network. But a software update is merely a suggestion. Hash power is reality.
The much-hyped "mutiny of the summer" just crashed into the unforgiving wall of Nakamoto consensus.
Dive into the autopsy of the phantom fork that proved Bitcoin's game theory is mathematically bulletproof. 👇
Block 961,632 is here.
A rogue minority. A line of code. An ultimatum to the Bitcoin network.
Civil war… or a phantom menace?