The Bitcoin Attacks are NOT About Money | Simon Dixon

<p>Mentor Sessions Ep. 087: Simon Dixon breaks down the Coldcard hack, BIP-110 chain split fallout, node vs miner power, and Bitcoin self-custody security in 2026.</p><p><br /></p><p>PART 1: Simon Dixon &amp; Doomberg - https://youtu.be/Q0P0X7j_kcA </p><p><br /></p><p>Over $100 million in Bitcoin vanished in the Coldcard entropy bug — and days later a chain split ended with the nodes defeated and Bitcoin more centralized than before. Simon Dixon joins Nathan to trace what really happened.</p><p><br /></p><p>This is the deep-dive follow-up to the Doomberg conversation. You'll learn why Simon now treats every incident as an attack "guilty until proven innocent," how the BIP-110 resistance became the most successful node mobilization since the block size war yet still failed to move the mining pools, and why he refuses to die on a hill that ends in an altcoin. You'll see how the Coldcard low-entropy vulnerability, Zeus, Boltz and BTCPay attacks fit one pattern, and hear a clear framework for rebuilding your self-custody with dice-rolled entropy, multisig, and active participation. Simon and Nathan also unpack developer centralization, the loss of Knots as a competing implementation, and why sovereignty is proof of work you can't outsource.</p><p><br /></p><p>⏱️ Timestamps:</p><p>0:00 - Intro</p><p>0:24 - Resuming After Doomberg Discussion</p><p>0:55 - Infrastructure Attacks on Coldcard and Others</p><p>1:32 - BIP-110 and Resulting Chain Split</p><p>1:50 - UASF and Block Size War History</p><p>2:50 - Tether Fees and Scaling Debates</p><p>4:02 - Barry Silbert and SegWit2x Deal</p><p>4:51 - Nodes Defeating Miners in Past Wars</p><p>6:02 - Role Reversal With Core Changes</p><p>7:35 - Running Knots to Support Resistance</p><p>8:20 - Developer Centralization Concerns Rise</p><p>10:14 - BIP-110 Failure and Altcoin Stance</p><p>11:39 - Knots Node Adoption Surge to 20%</p><p>12:08 - Infiltration Risks and Verification</p><p>12:54 - Can Node Minority Influence Miners</p><p>14:19 - Consensus Changes Remain Extremely Difficult</p><p>17:16 - More Centralized Yet Wiser After Events</p><p>18:13 - Social Fallout Losing Ocean and Knots</p><p>22:15 - Check Ego and Welcome Others Back</p><p>25:21 - Stay Suspicious While Shaking Hands</p><p>27:34 - Abundant Mines Mining Hosting</p><p>28:29 - Coldcard Low Entropy Bug Details</p><p>30:16 - Hack Impact on Bitcoin Purists</p><p>31:36 - Difficulty Spending Stolen Bitcoin</p><p>32:37 - Fed Recruitment via Stolen Coins</p><p>33:23 - Learn Entropy and Generate Secure Keys</p><p>36:03 - Assume Attack and Identify Beneficiaries</p><p>37:44 - Self Custody Sovereignty Comes at Cost</p><p>39:55 - Bitcoin Requires Active Participation</p><p>43:37 - Coordinated Message in All Attacks</p><p>45:14 - Final Advice Skepticism and Focus</p><p><br /></p><p>🔗 Links &amp; Resources</p><p>→ Simon Dixon on X: https://x.com/SimonDixonTwitt</p><p><br /></p><p>This is part one — subscribe so you don't miss part two where we go deep on the Bitcoin infrastructure attacks.</p><p>🔔 Subscribe for weekly Bitcoin Podcasts</p><p>🐦 Follow on X: https://x.com/BTCSessions</p><p>🐦 Follow on X: https://x.com/theBTCmentor</p><p><br /></p><p>⚡Sovereign Sessions — AI, Privacy, and Bitcoin education: http://youtube.com/@SovereignSessions?sub_confirmation=1</p><p><br /></p><p>💡BOOK Private Sessions with Nathan, Benn and the BTC Mentor Team: Master self-custody, hardware, multisig, Lightning, privacy, and more.</p><p> 👉 Visit btcmentor.io </p><p><br /></p><p>⚡ POWERED by Abundant Mines: Fully managed Bitcoin mining. Learn more at https://qrco.de/bgYKPB</p><p><br /></p><p>#Bitcoin #BTC #BTCSessions #SimonDixon #BIP110 #ColdCard #SelfCustody #BitcoinKnots #NodeRunning #LightningNetwork #BitcoinSovereignty #BlockSizeWar #HardwareWallet #DontTrustVerify #BitcoinHack #BitcoinFork #HardFork</p>