Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
⭐ Merited by Lucius (1)
In recent posts, the "geniuses" from Ledger refer to their mothers and some future 100 million clients
Haha, I laughed a lot 
You made my day All those supposed users who are looking for such a risky feature actually have no idea what kind of nonsense they are looking for, and Ledger as a company turns out to be an even bigger fool if they enable this feature. In my opinion, the intention (although I think it is not true that a large number of users asked for it) of enabling such a service only shows that Ledger does not care that they try to present risk as a benefit, as long as their additional profit is behind it.
I also wouldn't call the millions of current users "tiny userbase", nor would I agree that some new users will rush to buy their devices in the future, although I may be living in the illusion that the average Bitcoin user will wise up with time and realize that Ledger has become bad product.
In podcast, the CEO of Ledger said that they have 6 million customers. That's a tiny number if they have calculated that up to 100 million users are in queue in near future and are exactly looking for this service.I also wouldn't call the millions of current users "tiny userbase", nor would I agree that some new users will rush to buy their devices in the future, although I may be living in the illusion that the average Bitcoin user will wise up with time and realize that Ledger has become bad product.
I want to ask you, how many people use Facebook? Google search? Keep in mind that these companies don't give a shit to users personal information and it has been proven for many times and still their profit and userbase increases every day. Millions of facebook users post what and where they eat, where they work, what movie they watch, send sensitive information in messenger, etc.
Don't you think that these people aren't going to somehow step in a crypto world? And don't you think that they can be that 100 million users and will willingly use Ledger Recover service?
Let's say that Ledger has two options: A. Their profit will increase slightly if they keep their current crypto enthusiast customers happy and B. Their profit will dramatically increase if they lose some of their customers but attract a lot of new customers who will pay them $9 every month.
Ledger is a business, a corporative company, right? And it's clear to see that this company wasn't founded by a crypto enthusiast but by a person who is a businessman and wants money. They go with option B.