Post
Topic
Board Hardware wallets
Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
by
Lucius
on 28/05/2023, 13:35:47 UTC
~snip~
In my opinion Ledger Paris can basically only do one thing right and that's marketing bs. They suck at everything else, including value their customers. Strangely, it seems to me that Ledger appears kind of synonym to hardware wallet. Look at the topic Show off your hardware wallet, yes I know it's not representative, only 4 of 19 don't show Ledger hardware crap.

Realistically, at the time when HW started to become a serious competitor to desktop wallets, there were not too many choices, and Ledger mainly imposed itself as the main player on the market due to its design. To me, that design was always more attractive than Trezor, and that's why I bought those devices, and I assume that many others did it for similar reasons.

What you call "crap" today, we couldn't define it like that in the past because there was no reason for it. However, when I get a new HW, maybe I'll start a new topic called "Show your destroyed Ledgers", because really trash belongs in trash, right?



If you use Ledger Live, then this is a given, since it connects to Ledger servers. And remember they are offering insurance with Ledger Recover, so they are 100% keeping track of your balances.
~snip~

This means that everyone who has ever upgraded firmware and installed coin apps in some way shared the content of their HW, together with the IP address, and it is not unrealistic that each HW can be identified by a unique digital fingerprint, which is then very nicely connected to the KYC database. I am surprised that until now not a single authority in France or the EU has dealt with the problem of Ledger as a company that has been behaving completely amateurishly for years when it comes to the protection of its clients' data.

A few days ago, a bookmaker in my country was fined EUR 380 000 for storing bank card data in an unauthorized manner, without causing harm to its clients.