Coldcard Hack Exposes Dangers of Trusting One Person Over Verification

A security incident involving Coldcard has sparked serious debate within the Bitcoin hardware wallet community. Foundation CEO Zach Herbert argues that the community, which prides itself on the principle of 'don't trust, verify,' paradoxically spent five years deferring to a single individual's judgment. The episode highlights how reputation alone cannot serve as a reliable security model. Herbert's commentary suggests that even communities built around trustless principles can fall into the trap of centralizing trust in one person.