Post
Topic
Board Service Discussion
Re: Ledger Card Honeypot
by
dkbit98
on 19/12/2021, 17:13:56 UTC
The whole partnership thing here simply appears to be that there will now be a tab/button/advert/whatever in Ledger Live that will let you link your card and generate a deposit address from within Ledger Live itself, as opposed to having to go to Baanx's own website. Baanx will obviously pay Ledger a cut of the fees and profits for this, and I'm absolutely certain that both companies will share data to increase ad revenue and the like. I can't see anything at all which is new or revolutionary compared to already existing bitcoin cards, with the significant downside being that you will have directly linked a KYCed account with your hardware wallet.
It's possible that everything will be connected with ledger live app, and anyone using this application will have their IP recorded, along with wallet address and now with this new card.
I guess people could still use VPN or Tor connection when using this app, but I wonder why it's not built in option within app, same like we have in Trezor Suite.

I've only staked a worthless altcoin, where staking worked straight from the Bitcoin Core clone, without exchange. I assume the same would work on ethereum, but the minimum is about half a Lambo worth of that coin. So staking leads to further centralization, who would have thought.
Maybe it's time for you to release LoyceV coin with staking option and support for ledger wallet... I am waiting for my airdrop sir  Cheesy

To anyone who is considering this Ledger implementation to be a good idea, I would like them to (re)visit this topic started by dkbit98 about how the big brother wants to be able to crack your HW in the future.
Ledger is perfect honeypot company for government agencies to infiltrate their agents, being closed source, leaking customer information multiple times, and receiving millions of dollar investment information just increases my suspicion even more.
I wouldn't trust them with this new ledger-Baanx debit card either.