Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
Shower thought. Is it possible that if a user has enabled the recovery feature, and has his/her data held by a third party, then it's probable that a government entity could issue a written order telling the third party to give them access to then user's coins/savings?
Because I believe the user has given up some of his/her rights upon upload of his/her own data. Don't third parties always have Terms of Agreement that users never read?
Because I believe the user has given up some of his/her rights upon upload of his/her own data. Don't third parties always have Terms of Agreement that users never read?
Yes, that's unlikely to happen for an average user but definitely possible and that's another reason why someone should avoid Ledger Recover service.
By the way, ToS is a joke. If you read ToS of companies you frequently use or if you read the list of side effects of every meds, you are not going to use them ever in your life but the problem is that you need to use that particular service or product and because of that 99% of people just agree and move on.
There was a discussion about Ledger Recover and subpoena in podcast with the CEO of Ledger.
Have a look at these moments:
https://youtu.be/M3VjQUcyZSY?t=929
https://youtu.be/M3VjQUcyZSY?t=2610
The actual point isn't if it's possible or not. It's if your Bitcoins are still your Bitcoins while you're storing it in a Ledger. To which, if a government entity could coerce a third party to give up "your" keys/seed phrase, then it's most definitely NOT your Bitcoins.