Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
vapourminer
on 10/10/2023, 10:44:12 UTC
⭐ Merited by OutOfMemory (1) ,JayJuanGee (1) ,Who is John Galt? (1)
Update on the lost ledger nano story:

[...]

If i can't find it there, it's lost for sure. If somebody finds it, that somebody has three attempts to guess the pin code, then it will auto-reset on failure.

Seems safe to restore the wallet(s) to the spare ledger i happen to own.
But i failed to decide if i would create a new key and transfer my Bitcoin from a recovered software-wallet. I am not sure which way is the safer one.

Any suggestions?

EDIT: There is a small chance that the device's key store can be read out through some bug or quantum magic (maybe, i don't count on it), IF even somebody had found the ledger and any clue how to use it. Smallish, very smallish chance, though. This would make the restore method on a new device less secure, of course.
But less secure than re-creating the wallet in Electrum and transfering the coins via protocol to the newly setup ledger wallet...

i would xfer everything to a new wallet/seed. still keep the old seed around per satoshi.