Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 12/11/2022, 01:45:46 UTC
.....
And afaik, because of the secure element, Ledger is not fully open source.  So leaving your funds "on" a Ledger is a bit like trusting an exchange...

But yeah, you do you

When some employee steals funds off a Ledger wallet because not open source, let me know.
My bank teller knows my account number. So far, I'm still good.
Personally, I'm more concerned about Amazon knowing my cc number.
But yeah you do you too...

Btw...that reminds me, I'm gonna be remixing my late bandmates song "Paranoid Delusions"

Really bad comparison...
The funds in your bank are insured, if there are issues.  Ledger company will show you the finger if their hardware fucks up....  
...



The Cyprus banks ripped off someone here for hundreds of thousands of euros when they went bankrupt years ago. That's the model the EU intends to use for the whole EU next time the banks go bankrupt. So if there are issues...


You are right.
But if I'm not mistaken we were rather talking about security of ATMs vs HW wallets, not about problems that occur due to fractional reserves or the like