Topic: Fuck you ledger - page 5. (Read 1115 times)

I think instead of giving a fuck, you should say thank you Ledger LOL. If they were not offering this revolutionary key recovery feature then you would not want to find an alternative and try to learn all these new skills.

Ah, thank you!  You all know I just drive the bitcoin automobile without knowing how most things work under the hood, so I can't say I'd know how to do what you described--but it doesn't sound like something I couldn't easily learn, and I appreciate that explanation. 

Yeah....take a look at the links Findingnemo provided.  This was pretty big news, and I know it caused me to not trust Ledger anymore and left me questioning whether it's worth it to use any HW wallet.  Part of that could be my ignorance of what's under the hood of these devices, but I do believe I read a post by a member whose knowledge I respect saying that in theory private keys could be extracted from any device with a secure element.  It's just not worth it for me (even though I don't exactly have a large amount of crypto to lose).  In any case, most of my bubbling bile was caused by Ledger's treachery.  They are truly scumbags and are likely in bed with multiple government agencies--you could almost call it a governmental gangbang, but I'm just speculating.

I assume this is simply a translation error. Your transaction should not be "partially signed" online. Indeed, transactions can only be partially signed if you are using a multi-sig set up. With a standard single-sig cold wallet, the only thing that happens on your online machine is you create an unsigned transaction. That unsigned transaction is moved to your cold device to be signed, and then moved back again to be broadcast.

If you simply install Electrum on an internet connected device and use it as a hot wallet, then yes, it will not be as secure as a (good) hardware wallet. But you can also use Electrum as a cold wallet. What this means is that Electrum is installed on a computer which is permanently disconnected (airgapped) from the internet, meaning the device can never download malware and never be attacked via the internet since it is never connected to the internet. This airgapped computer stores your private keys, and your private keys never leave this airgapped computer so are never at risk of being exposed to the internet. You create unsigned transactions on your usual internet connected computer, move the unsigned transaction via a USB drive or QR code to your airgapped computer to be signed with your private keys, and then move the signed transaction back to your usual computer to be broadcast to the network.

It's proven that Ledger Live has the ability to extract the recovery seeds from the Hardware wallet also they admitted that they share the details with the third party which isn't right when you expect complete security for your crypto assets.

Discussion : Ledger Recovery Service.

Also, they lied about their status being open source : Ledger Open Source Fakery?!

So whoever wants to keep their crypto now should boycott Ledger as well as Trezor.

Did they admit that? If so, how can this be seen as a secured wallet? If I am not wrong, Ledger claims, "Here at Ledger we strongly believe in open source. It's one of our core values, a great philosophy that advocates openness, and verifiability. Open source allows developers and security experts to review the code and ensure it is secure and not malicious. Open source means you don't need to trust" ^[1]

If they are open source, can't developers verify that the Ledger has a chance to steal users' private keys? Did nobody try it? Now, I am curious about it. Do you remember the recent hack of Atomic Wallet, where thousands of users reported that their wallet was hacked and they did not use any phishing? If users did not use phishing, how was their wallet hacked? These wallets are not non-custodial anymore.

I hope you know how to make a cold wallet aka air-gapped wallet using electrum on a completely offline device so that you never ever have to come online from the device where seeds are stored which makes it invulnerable to potential attacks.

I wrote how to do it, so take a look at it and see if you did everything right

If you're referring to the firmware update that allowed the Recover "option" to work, it doesn't matter if you sign up for it or not; Ledger admitted they can pinch your private keys out of the secure element at any time, which they had previously said wasn't possible (and someone please correct me if I've got any of that wrong, but what I wrote is my understanding of what Ledger did and how it works).

OP, good for you for dumping Ledger.  I am curious as to what you did exactly with Electrum, because I don't understand based on what you wrote.  I've been wondering myself why hardware wallets are necessary, and the impression I get is that simply using Electrum leaves you vulnerable to getting hacked, which wouldn't be possible when using a HW wallet (or at least much harder if you're paying attention when doing transactions).  If you could elaborate, I'd appreciate it.  If not, I still like to hear "fuck Ledger" as many times as I can.  I'm rooting for them to swirl down the toilet and go bust, because they're just plain dishonest.

Yes it's electrum , l learned lot of stuff here and about cold wallet , really very cool

Nice to know that you have learned many things about cold wallet. But I am unsure if you are talking about Electrum or not. Or how Electrum is related in your post. Because you have created this thread in the Electrum wallet section. Many have a bad impression of Ledger since the last changes. But it's not mandatory anyway. Still, it questions the legitimacy of their honesty and how concerned they are about users' security. I don't know if they think it's a smart move from them or a dumb move from them. I don't know many things about wallets yet. But since I learned about Electrum, I have been using it and I am satisfied with it. I had a plan to buy a hardware wallet but unfortunately, I am unable to buy from my location and they do not deliver to my country as well.

I really concerned from the last changes oof ledger and their narratives about they can get your private key  , in addition to they always update software because of their shitcoins ,I finally  moved my fund from ledger wallet to software  cold wallet and learned how to deal with cold wallet and transfer  transactions  partial signing  online and then signing offline and broadcast it 😏 , and   learned some coin control and going to learn some privacy coinjoin , it work so  great , why they don't tell us about cold wallet from begining instead of wasting our money on a fucking signing device ,really I enjoyed the experiment and fuck you ledger ,🖕,, and I want to thank you Gus because you helped me so match