Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities

Quote from: dkbit98 on Today at 09:19:57 PM

Quote from: o_e_l_e_o on Today at 11:37:18 AM

I'm sure Ledger know this, but are being deliberately misleading in the defense of their new ~~vulnerability~~ feature.

But it's only $9.99 per month, plus lifetime access to your keys, and you are safu up to $50k.
Sounds like a ''great'' deal, right Cool

You forgot to mention that you'll also get KYC during the whole process and you might even be unable to access the funds considering how wonky the KYC recognition procedures currently are

. Now that's a "incredible" deal Cool

Besides CTO roadmap announcement, Ledger CEO & Chairman Pascal Gauthier also shared a letter yesterday regarding Ledger Recovery[1] which is basically saying what every top chairman on the company is spreading at the moment - "we'll open source as most as we can regarding Ledger OS". This[2] particular tweet is also interesting:

Quote

The main concerns that you expressed are around transparency, censorship resistance, and security. I think we’ve done a good job to address all of your concerns, but again, it’s for you to tell us, so please don’t hesitate to like, comment, share our clarified service

Is it just me, or so far they have failed in every aspect mentioned by him?

Transparency - They are always dodging the real questions and only give half answers;
Censorship Resistance - Considering the fact that, as soon as you have your shards in external entities you could have your shards, a government can subpoena them, how "censorhip resistance" is this?
Security - I think we all agree to disagree on this one .

[1]https://nitter.it/_pgauthier/status/1661012614753943559
[2]https://nitter.it/_pgauthier/status/1661012625575272453