I haven't read anything this stupid since Square's concept of shared self-custody. But Ledger was faster and actually worked on developing and releasing this bullshit before Square. They really will use any opportunity to try and profit, no matter what. If this turns out to be a success, this generation doesn't deserve Bitcoin.

Quote from: FatFork on Today at 09:52:34 AM

So, let me get this straight: they're gonna take our recovery phrase and split it up, sending encrypted pieces to these custodians without giving us a choice?

All correct except the last part. To become part of their revolutionary seed sharing solution, you have to subscribe to it somewhere, give your consent, and agree to pay those $9.99 per month. So, you don't have to use it. It's just an idiotic option they give you. I wonder why the Nano S Plus isn't mentioned? Maybe we can expect that in the release notes for the new S Plus firmware.

Quote from: Charles-Tim on Today at 10:41:33 AM

I do not know why some people like telling people that Ledger Nano wallets are good, they should not have been trusted from the first day they created wallets in the past, because all their wallets are having close source secure elements.

All secure elements are closed-source. Trezor and Tropic Square are the first ones that began experimenting with an almost 100% open-source secure element chip.

Quote from: Charles-Tim on Today at 10:41:33 AM

If you can not verify, why trust the company when there are some alternatives that everything about their wallet makeup are open source.

I guess you are talking about Foundation Passport. Foundation is relatively new in this business, so you couldn't have recommended them 5 years ago, at a time while Trezor and Ledger were the best, because they weren't around at that time. Second thing, does Foundation use an open-source secure element? If Trezor is the first one that's planning to develop one, it means Foundation doesn't have one either.

Quote from: Sp0ke on Today at 01:18:57 PM

So it's that subscription that is exposing the keys ?

Yes. if approve it and pay the monthly fees.

Quote from: Sp0ke on Today at 01:18:57 PM

You subscribe there in order to backup your keys?

No, you subscribe there for them to back up 2 out of 3 shards of your recovery phrase. If you lose your own, the 2 shards stored by 3rd-parties are supposed to allow you to backup your wallet.