Post
Topic
Board Service Discussion
Re: Ledger Card Honeypot
by
o_e_l_e_o
on 18/12/2021, 09:44:32 UTC
Any other source for this info, or can someone quote it here or upload any images to an image sharing site? I can't access it since I don't have a Facebook account.

So if what you say is correct, that you must first transfer coins from your Ledger to the card before you can spend them (and I don't see how it could be done any other way unless you hand out your seed phrase or private keys and defeat the entire point of a hardware wallet in the first place), then the blurb on the Ledger website here (https://www.ledger.com/blog/sign-up-now-our-ledger-powered-crypto-life-cl-card-is-coming) is wrong/incorrect/lies - "giving you the ability to spend your assets stored on your Nano." You are not spending the assets stored on your Nano - you are sending the assets stored on your Nano out of your Nano and to a custodial third party, and then spending them from there.

It sounds like Ledger got paid to advertise this, or they'll get paid per user or per transaction later on. Just like they offer several services from within Ledger Live.
That sounds great for your privacy! Roll Eyes