Renowned Bitcoin developer and security expert Luke Dash-JR announced the Fyre Wallet, a “hot-ish-cold” storage wallet launched in partnership with legendary entrepreneur Billy McFarland. The product was born of personal experience: Luke had just lost several hundred Bitcoin in a hot wallet hack, which inspired him to build an “ultra-hot-cold” storage solution so that other users could avoid the same fate.

The wallet is built on C++ and Rust, “the most advanced and secure programming languages,” producing — per Luke — “a cold storage product that is almost impossible to breach without serious personal misconduct.” Its cold-storage credentials extend to seamless compatibility with any device, including internet-connected computers, wifi-enabled smartphones, and tablets on the internet.

Luke framed the hack as pedagogy: “I firmly believe that loss is the best teacher. It teaches you to be more careful and to develop better security practices. Take me for example.” He cited his long security practice, including “a mostly successful advanced security framework that I use to protect myself from COVID and my Bitcoin assets.”

A happy beta tester supplied the strongest endorsement on record: after ten months on the Fyre Wallet, he had lost only 11% of his holdings — “a huge improvement!”

Luke called the wallet the first step toward a more secure and resilient Bitcoin ecosystem: “And the Fyre Wallet is just the first step towards achieving that goal. For real this time.”

irl: Luke Dashjr is a real Bitcoin Core developer who lost roughly 200+ BTC in a December 2022 compromise of his own storage setup — a landmark humiliation given his security reputation — and is also known for unusually strict COVID protocols. Billy McFarland is the convicted fraudster behind Fyre Festival; the wallet’s name, the “hot-ish-cold” category, and the partnership are all invented to fuse the two disasters.