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Ledger is introducing a seed phrase recovery subscription service for their crypto wallets
Posted on 5/16/23 at 12:36 pm
Posted on 5/16/23 at 12:36 pm
https://www.reddit.com/r/ledgerwallet/comments/13itm7u/comment/jkbyyfp/
not sure how i feel about it. i literally bought one a month or so ago because of all the preaching about "not your keys, not your coins".
not sure how i feel about it. i literally bought one a month or so ago because of all the preaching about "not your keys, not your coins".
8
Posted on 5/16/23 at 1:42 pm to finchmeister08
Not a fan of this
Posted on 5/16/23 at 1:57 pm to finchmeister08
What could go wrong with storing your seed phrase with a 3rd party...
Posted on 5/16/23 at 2:00 pm to finchmeister08
Yeah I’m also not a fan. If there is a back door available for me there’s a backdoor available for anyone.
You can’t really call it cold storage if the secure element of the storage is in fact, hot.
You can’t really call it cold storage if the secure element of the storage is in fact, hot.
This post was edited on 5/16/23 at 2:04 pm
Posted on 5/16/23 at 2:00 pm to finchmeister08
I've spent all morning reading up on this shite and it was hard to sift through all emotional responses to this.
Based on what I was able to gather, I'll keep using ledger for now. I. Won't be opting into this option.
Some made the argument that just having the option to opt in itself opens you to vulnerabilities, but that has been debunked.
The purist are obviously not happy that it's even an option but while I won't subscribe to it, I don't hate this for mass adoption.
Based on what I was able to gather, I'll keep using ledger for now. I. Won't be opting into this option.
Some made the argument that just having the option to opt in itself opens you to vulnerabilities, but that has been debunked.
The purist are obviously not happy that it's even an option but while I won't subscribe to it, I don't hate this for mass adoption.
Posted on 5/16/23 at 2:02 pm to castorinho
quote:
Some made the argument that just having the option to opt in itself opens you to vulnerabilities, but that has been debunked.
I think it’s a reasonable fear. Can you provide the link or explanation for why it’s debunked?
Posted on 5/16/23 at 2:24 pm to Ross
i'm also hearing/reading the the Nano S (non-+ models) aren't eligble for this since the tech is too old so that's a plus i guess.
Posted on 5/16/23 at 2:38 pm to finchmeister08
well I have a Nano S and a Nano X
I will say if they mislead people on what their product actually does (provides cold storage), I feel somewhat entitled to a full refund on that product.
I will say if they mislead people on what their product actually does (provides cold storage), I feel somewhat entitled to a full refund on that product.
Posted on 5/16/23 at 5:13 pm to finchmeister08
I have had a couple of wallets, but I have settled on the GameStop one. It is really good. Currently only available as browser extension or Apple App.
I can't wait for the Android release. I don't know what the hold up is. Probably for the market place https://nft.gamestop.com/ to come out of Beta.
I can't wait for the Android release. I don't know what the hold up is. Probably for the market place https://nft.gamestop.com/ to come out of Beta.
Posted on 5/16/23 at 7:06 pm to finchmeister08
What else are some of yall using besides a ledger? I use an X as my main wallet, but this has me looking for another cold wallet.
Posted on 5/16/23 at 8:54 pm to finchmeister08
Sounds like a trick so you never really own it
Posted on 5/16/23 at 8:55 pm to finchmeister08
I have five ledgers. I’m dumping all of them and switching to another cold wallet.
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