Post
Topic
Board Hardware wallets
Merits 1 from 1 user
Re: Ledger Keycard bypass
by
PrivacyG
on 21/07/2022, 14:16:28 UTC
⭐ Merited by Pmalek (1)
I have yet to see any hardware wallet maker go out and replace devices with known issues.
Would be a big red flag for me though.  If even 1% of the products have to be replaced, I would be paranoid to give my Hardware Wallet back to the manufacturer.  Especially Ledgers with their Closed Source secure element.  The discount you mention is a way more viable and safer alternative.

These are the reasons I don't recommend Ledger; a bug in the very first Ledger models, not so much.
Fair enough.  Should however raise one idea up for all of us though.  Even if our coins are on a Hardware Wallet, even on a fully Open Source one, it does not mean security is top-level.  And to be honest with you, it kind of sucks knowing that I can not take my Hardware Wallets right now and safely bury them underground in a time capsule, because I unknowingly kind of bought them for permanent storage of coins and now I have to take care of potential future security issues.

Would be cool if a Hardware Wallet maker decides to build a modular Hardware Wallet so that we do not need to upgrade by purchasing new Hardware Wallets but simply by upgrading parts, similarly to a PC.  Need more space?  Need a better processor?  Need a new display?  Open it up and switch the components all by yourself.  Would buy one without a doubt.

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Regards,
PrivacyG