markus - ethOS - e/acc-d
@markus
What the fuck is wrong with Ledger
8 replies
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10 reactions
EV3 Sal
@danconia-crypto
isn’t this basically fireblocks-for-retail? tbh i don’t get the backlash… not like they made it opt-out
1 reply
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markus - ethOS - e/acc-d
@markus
No. With this feature they confirmed that they (Ledger Company) can push firmware updates that mess with the seed phrase. This should not be possible under any circumstance
1 reply
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3 reactions
Dan Romero
@dwr.eth
Hmm, I think if you want that level of control don’t use a hardware wallet built by someone else? Order of magnitude more cases of people losing phrases
1 reply
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markus - ethOS - e/acc-d
@markus
If you're buying a "hardware" wallet, the assumption is already that the manufacturer and hackers cannot extract the seed phrase. And "Just DIY it" is something you can tell someone with years of computer science/cybersecurity experience, but not the average crypto user.
2 replies
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Dan Romero
@dwr.eth
Right, what I’m saying is the avg crypto user is an order of magnitude more likely to lose the phrase than be hacked / nation state compelling Ledger to back door. If you want maximum security, don’t use a company.
3 replies
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7 reactions
pal 🟪
@pal
The concerning part is more that the *existing product* has the capability of exporting the seed phrase from the secure element. Not being able to do that was part of the promise to begin with. If they had released a new hardware device that had this option, it’d be less controversial IMO
2 replies
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Nicola Ceornea - ethOS
@nc
If you are careless enough to lose your phrase, you are most likely careless enough to download malwares and get hacked.
0 reply
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markus - ethOS - e/acc-d
@markus
Losing your seed phrase being more common is your opinion. Fact is, nation states and companies should not be able to do this. My take is that the average user still deserves maximum security.
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