***"It's going faster than most people thought. We thought that these models would be useful, but not extremely useful, for a while. Now you look at this and you feel [that] if I'm not using this the entire day, I'm losing on something, I'm staying behind, I have to keep running this like crazy. But we haven't prepared for it. People are connecting all of their life to these cloud providers, you know: 'Hey, manage my life'. And then you're giving them everything you have. I don't think the industry had enough time to prepare for the right tools for this. How do I really share what is important without putting myself at risk?"

~ Luís Novo***

I sit down with Matt and Luís to unpack how fast AI is really moving, why most of us are barely tapping the intelligence at our fingertips, and how to start building a private "thinking layer" instead of handing your entire life to cloud providers. We dive into Luís's Open Notebook project, how it ties into PPQ and my own PearCore engine, and why the Coldcard mess has me rethinking security, open source, and verification across my whole stack. This one is a deep, practical tour of workflows, tools, and mindset for surviving the AI acceleration without giving up your sovereignty.

Chapters

(00:00:00) - Introduction

(00:03:14) - Open Notebook: an Open-Source Context Stack

(00:10:33) - The Coldcard hack and auditing open-source code with AI

(00:15:44) - Live server attacks and the risks of cloud storage

(00:24:44) - How AI agents are autonomously writing and reviewing code

(00:27:10) - Evading cloud AI censorship with local models

(00:41:04) - Building automated media analysis and pipelines

(00:57:24) - The limits of cloud scaling and future local hardware

(01:05:40) - Balancing offensive and defensive AI software engineering

(01:11:24) - Will machines eventually write binary code themselves?

Guest Links

Matt on X (Link: https://twitter.com/mattahlborg)

PPQ.ai on X (Link: https://twitter.com/PPQdotAI)

PPQ.ai Website (Link: https://ppq.ai/)

Luís on X (Link: https://twitter.com/lfnovo)

Open Notebook Website (Link: https://www.open-notebook.ai/)

Open Notebook GitHub (Link: https://github.com/lfnovo/open-notebook)

Affiliate Links

• Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://bitbox.swiss/)
• Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from The Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)

Host Links

⁠⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)

⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)

Guy on Instagram (Link: https://www.instagram.com/theguyswann)

Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)

Guy's Takes on YouTube (Link: https://www.youtube.com/@GuysTake)

Guy Swann on YouTube (Link: https://www.youtube.com/@theguyswann)

⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

In this episode, Steve, Jeff, and I walk through the catastrophic Coldcard entropy failure, how a trusted hardware wallet ended up generating weak keys, and how attackers are now brute-forcing Bitcoin wallets in minutes.

We dig into AI’s role in widening the attack surface, the dangers of source-available over true open source, and our own arrogance around hardware security. I share practical steps to get your coins off compromised devices, why multi-sig saved me this time, and how we can turn this gut punch into genuine anti-fragility for Bitcoin self-custody.

Chapters

(00:00:00) - Introduction

(00:11:36) - Reacting to the Coldcard exploit

(00:15:00) - FOSS vs. source-available software

(00:22:05) - Hardware fallback flaws and testing

(00:35:46) - Verifying dice roll entropy

(00:42:45) - Red teaming Bitcoin security with AI

(00:54:13) - Physical dice rolling for keys

(01:10:11) - Jack Mallers, Strike, and 21

(01:31:50) - Corporate influence and core dev funding

(01:45:43) - AI and vulnerability discovery

(01:49:34) - Anti-fragile security and multi-sig

Guest Links

Steve Simple Nostr (Link: https://tinyurl.com/3s6a8yn8)

Steve Simple on X (Link: https://x.com/stevesimple)

Jeff Swann Nostr (Link: https://tinyurl.com/3sjc3bcp)

Jeff Swann on X (Link: https://x.com/agoristview)

Jeff Swann's petition (Link: https://www.change.org/p/help-us-home)

Affiliate Links

• Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://bitbox.swiss/)
• Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from The Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)

Host Links

⁠⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)

⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)

Guy on Instagram (Link: https://www.instagram.com/theguyswann)

Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)

Guy's Takes on YouTube (Link: https://www.youtube.com/@GuysTake)

Guy Swann on YouTube (Link: https://www.youtube.com/@theguyswann)

⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)

This is an emergency episode to warn everyone of the catastrophic Coldcard entropy bug that’s letting attackers regenerate users’ keys and drain wallets without device access.

I walk through concrete, step‑by‑step instructions to move your coins to safety (including using Sparrow, Nunchuck, and even exchanges as a last resort), who’s most at risk across MK3, MK4, MK5, and Q devices, and what this means for hardware wallets, AI‑driven security research, and multi‑sig going forward.

This is the worst hit to self custody in Bitcoin's history. All we can do is act as quickly as possible. If you have a coldcard in your setup, you need to move to safe keys or cycle your multisig, don't wait, don't assume you have time, sit down and get it done. Do it carefully and don't skip steps.

Here are a few of the quickest paths to safety and how to think about this going forward. To everyone who got hit by this, I cannot be more sorry.

Chapters

(00:00:00) - Coldcard bug red alert

(00:02:07) - MK3 absolute worst case

(00:03:16) - Other wallets who’s safe

(00:04:33) - Links confirmation panic check

(00:05:18) - Dice entropy and urgency

(00:05:56) - MK4 MK5 Q risk

(00:06:57) - Fastest escape route

(00:08:59) - Recovering with just seed

(00:09:43) - When to use exchange

(00:11:03) - Multisig exposure lessons

(00:16:35) - Personal note

Affiliate Links

• Become sovereign, hold your keys, be censorship resistant with the Bitbox hardware wallet. Get 5% off everything in the store with code GUY (Link: https://bitbox.swiss/guy/)
• Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from The Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)

References from the episode\

• Coinkite Security Advisory: https://blog.coinkite.com/coldcard-mk3-seed-generation-warning/\
• Predictable RNG Fallback and 32-Bit Reseed in COLDCARD Firmware (Block): https://engineering.block.xyz/blog/predictable-rng-fallback-and-32-bit-reseed-in-coldcard-firmware Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy's Takes on YouTube (Link: https://www.youtube.com/@GuysTake) Guy Swann on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)