Post
Topic
Board Hardware wallets
Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
by
Synchronice
on 25/05/2023, 09:36:27 UTC
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.
Or, the incredibly simple solution which would have avoided literally all of this drama - create a new product called Ledger Nano R, which is the only product in their range which provides this Recovery nonsense. People who want third parties to store their seed phrase can buy the R, and everyone else with a shred of sense can stay away from it.

If Ledger Recover was a mandatory service, then that would make sense but since its optional, there is no logical reason to produce another series of hardware wallets. You can either subscribe it and pay $9 monthly or just ignore it and use Ledger in a traditional way.
P.S. Don't remind me that optional service is a bullshit and there is a chance that they may have already created a backup of our seed, I know that. But not everyone thinks so.