The beef got worst when the SeedSigner guy went on Twitter Spaces to talk about how Coinkite as a business was not profitable
A bit after that, Coinkite announced that they had raised VC funding for the first time ever, thereby further confirming that they were indeed in a dire position
Then they got lucky with Ledger’s backdoor, but even that is not enough given the fierce competition and their inability to grow
If you don’t grow, you die
Coinkite was invested in by T31 because it is very profitable. It had 5x its business on the previous 18mo prior to that investment. Coinkite paid dividends of 4% of their investment back to them on the first year. That's insane :)
Bitcoin communist just need to find strawmans for their own failures and incompetence.
CAN CONFIRM. COINKITE IS AN INCREDIBLY PROFITABLE SATSFLOWING BOOTSTRAPPED BUSINESS.
WE ALSO INVESTED BECAUSE IT IS SIMPLY THE MOST SECURE HARDWARE ON THE MARKET.
MY FAMILY RELIES ON IT. MY BUSINESSES RELY ON IT. OPTIONS ARE GOOD. USE WHAT YOU WANT BUT I AM GOING TO KEEP USING COLDCARDS.
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