#Ledger Users reported to be forced to update to new firmware that includes Ledger Recover, the service that sends your seed words to third parties. If they don't update, they are unable to do anything.
#Ledger Users reported to be forced to update to new firmware that includes Ledger Recover, the service that sends your seed words to third parties. If they don't update, they are unable to do anything.
Well that is a raw deal. Going to have to get something else.
They still are not backing down evidently.
I only listened briefly, but from what I understand they will make most of Ledger Recover code open source, and modify their core code to make as much as possible open source as well. I'm not sure that's enough, they about to get hit with a massive class action.
Hmm. Do you think this is due to pressure from regulators? It seems like they are killing their value. Opening it up puts the security at risk, am I correct?
The Paper Wallet is the safest form now??
@themarkymark is the expert in this stuff. I am sure some of the others he listed are thoroughly vetted. He keeps an eye on this stuff.
Paper wallets are safe but inconvenient if you are trading or constantly doing stuff.
Okay.
For a coin like BTC, in/out will be less frequent, so paper wallets at least for BTC seem better.
I am not a fan of paper wallets. I cannot sleep at night knowing anyone can take everything I own if they get physical access to something.
Then which one is the safest now?
That can also happen to private keys if we happen to write them on a piece of paper.
There is no easy answer to this. I would recommend looking at Trezor, Jade, Tangem, Coldcard among others. Do research though.
Why on Earth would someone do that?
They claim it is opt-in optional service that will never send unless you opt-in. That being said they also claimed the seed word never can be extracted from the device then said it always could.
In others words, not to be believed, changing the story too often.
A great way to fry your business.
Trezor has claimed 900% increase in sales since this happened.
Not surprising.
What would you recommend as an alternative?
The Trezor is the obvious choice, but there are some good alternatives like the Tangem, ColdCard and Jade. The problem is many alternate wallets are BTC only but many do offer air gap options.
I have some BTC, LTC, and ETH.
So I guess Trezor is the option.
I actually want to try out the Tangem since I currently do not have an alternative wallet for assets like ALGO, etc.