1. Coldcard was FOSS and bootstrapped - nvk and peter denied interested VC investors.

2. Foundation cloned code, announced slightly different hardware, raised money from those same VCs pre-product.

3. Coldcard changed software license to allow everything but that. No longer FOSS.

Coldcard source code is verifiable and reproducible. It can be modified and built but not sold. You can even add your own entropy during seed generation. I personally disagreed with their decision to change the license but it does not change the security of the product.

NVK is a friend. Coinkite is a sponsor of RHR. Ten31 is an investor in Coinkite. I have used and recommended their products before all of that but transparency is important.

I am personally grateful their team continues to build robust bitcoin hardware. My family relies on it.