Oh, don't get me wrong. I am under no illusion that a new device makes zero technical difference to existing devices. Even without this firmware being deployed to existing devices, it is now abundantly clear that Ledger have been lying for years about the capabilities of their secure elements. I was simply pointing out that if I was a Ledger employee/board member, then I would have done the tiniest bit of research first, realized that 99% of existing customers hate this idea, and suggested launching it on a new device only and saying nothing about our existing devices.
It's good that they weren't this smart, though, since it's served as a big wake up call for people to stop trusting these shady third parties. Unfortunately it seems many people are simply jumping from one shady third party (Ledger) to another shady third party (Trezor).
No, no. Definitely I know what's in your mind regarding Ledger accident, it's just that I remembered your question and then saw it in their FAQ, that's why I replied and quoted it.
By the way, I still think that it's early to talk whether Ledger buried itself by that decision or not. You know, barking dogs seldom bite. This good old saying means a lot and can be applied in your life. People say X but do Y. Despite the fact that there is a big wave of negative comments on twitter, I keep in mind that people are bad at judgement, bad at learning on mistakes and they easily forget, so, I think that Ledger will see increase in revenue despite everything that happened.
All their devices suffer from unfixable seed extraction vulnerabilities, which they deliberately sweep under the rug and do not tell their users how to mitigate against. They also have a very pro-government, pro-censorship, pro-surveillance, and anti-fungibility ethos, as shown by their support of AOPP and their partnership with Wasabi and blockchain analysis.
That has happened in 2019, do they still suffer from the same problem? Btw they removed the support of AOPP but yeah, what you say about them is true.
It's interesting to know what you think about Coldcard or do you think that no hardware wallet is trustable and airgapped encrypted devices are the only last and one devices to use.