Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
The user could be included, but you are already supposed to have copies of your entire recovery phrase anyway. If you can't keep track of that and lose it, why keep a copy of one additional 1/3 shard?
Exactly, and that's why it doesn't make any sense. Implementing SSS method is really bad as it might expose users to a lot of risks. I don't understand why they're putting their clients at such a high risk just to earn more money, it seems like a joke to be honest. The whole company will be destroyed after this and I think they'll lose almost all their clients as a result.Not that it makes this any better, but will they require that you generate a new seed to participate in their paid seed-share service or does it also apply to seeds generated before this was rolled out?
If they believe that users are incapable or too stupid of keeping their seed phrase secure, implementing a method that requires sharing 1/3 of the seed while risking exposure of private keys is absolutely nonsensical. It implies a lack of trust in users' ability to handle their own security as well as sharing their wallet data to 3rd parties entities. 