jerry0, what is it with you? You're asking basically the same things all over again. Can't make up your own decision? Need some folks to tell you how to wipe your ass? (And still ask again, how to...)
What do you not understand with any Ledger firmware that is closed-source?
No Ledger customer or user is able to know what the firmware does or what it doesn't. Ledger lied for years, telling their customers, your secrets can't leave the device, can't be extracted from it. The new service implemented by Ledger itself allows exactly that. There is a programmed way to retrieve your wallet's seed for the infamous Ledger Recovery subscription service (and if you want it and have a capable Ledger hardware for it, you pay a monthly subscription, how funny is that?).
At some point of time you won't be able to refuse to install a current firmware version, because Ledger Live will force you to do it. To my knowledge (I don't ever use Ledger hardware, though) you can install coin/token apps only via Ledger Live for your Ledger crap. What will you do when Ledger Live refuses to install apps on your Ledger crap until you update the firmware?
(Rhetorical question, I don't need your response as I normally ignore what you post, don't need to waste my time with your agnostic all over again asking the same shit as if we're stuck in a time loop. I deliberately made an exception to respond here because I'm in the mood to do.)
Topic: Ledger, safe or not? (Read 399 times)
So very few people then use ledger as their cold wallet for long term storage then?
Are there people here that feel comfortable with it still?
Are there people here that feel comfortable with it still?
I think it's still safe as long as you call it in the shop directly, never buy at the second or third party because there is a possibility that there is a bad potential for your assets and you will lose the money you have in your wallet, I suggest not to believe in the second party or third for Crypto asset storage transactions.
So it seems very few people seem to trust ledger after this? They say the recover is an option but people think they it's more than that?
After everything thats been going on and all the issues, it seems folks have lost some faith in Ledger as a company, even if the devices themselves remain secure. From what Ive seen, people I know still rely on their Ledger hardware wallets daily. But if someone asked them today for a good cold storage recommendation? Cant say Ledger would top their list anymore.
What do you mean the seed phrase can be extracted from the device and how? What about people with the nano ledger s then? What about people with ledger s plus or x but did not update to the firmware with the recover option?
So it doesn't matter what firmware version you are on? The seed phrase extraction could happen if they introduce another new firmware then?
They say that you still have to opt in to recover. And if you don't opt in, there is no issue. But you are saying that isn't true?
So it doesn't matter what firmware version you are on? The seed phrase extraction could happen if they introduce another new firmware then?
They say that you still have to opt in to recover. And if you don't opt in, there is no issue. But you are saying that isn't true?
So it seems very few people seem to trust ledger after this? They say the recover is an option but people think they it's more than that?
This is an old topic, there is no need recycling it with questions you have prolly asked a hundred times in other topics. I don't trust ledger, and so many people don't as well, but there are still many people who buy ledger devices, maybe because they have been around for a long time or their PR, or they just don't know how much ledger has fucked up. The ledger recover is optional, but the thing is that the seed phrase can indeed be extracted from the device, when ledger said it wasn't possible.
So it seems very few people seem to trust ledger after this? They say the recover is an option but people think they it's more than that?
Do people feel safe with it still or is it still overblown?
Maybe send an e-mail to their CEO and ask him what he thinks about everything? I personally wouldn't feel safe after all the failures and lies, but that's still a matter of choice for each individual. For those who have coins worth a few hundred $, it doesn't matter anyway, right?
With respect to any service provider (providing services related to money) who screwed up at least once (in the case of ledger, this happened more than once, both in terms of incidents and exposure of their lies), you should reconsider your attitude and look towards alternative solutions (competitors without such fiascos).
No business owner will speak badly about his business / products. This applies to any public figures associated with ledger. They will all only publicly praise their products, therefore, what they say cannot be perceived objectively. The truth can be found out thanks to indirect signs from "unpleasant incidents" and independent experts.
Do people feel safe with it still or is it still overblown?
Maybe send an e-mail to their CEO and ask him what he thinks about everything? I personally wouldn't feel safe after all the failures and lies, but that's still a matter of choice for each individual. For those who have coins worth a few hundred $, it doesn't matter anyway, right?
Do people feel safe with it still or is it still overblown?
I have ledger nano S, despite all the fiasco lately I consider it to be more attack proof than at least software wallets, so am still using it.
If you care about how your wallet is generating seed phrase, if you can care about your privacy, do not use Ledger Nano again. Bitcoin is not close source, that is why it is not good to use it on a close source wallets.Recovery service was opt-in, people were more worried about it being closed source and having a backdoor. Recovery thing just threew light on it's weaknesses which were prior overlooked.
Probably other people, because I can not use a wallet that has a close source secure element, or a wallet that breach their buyers information to bad people to make use of. 
I have ledger nano S, despite all the fiasco lately I consider it to be more attack proof than at least software wallets, so am still using it.
Recovery service was opt-in, people were more worried about it being closed source and having a backdoor. Recovery thing just threew light on it's weaknesses which were prior overlooked.
Hello, so with the whole ledger recovery service that was introduced not too long ago many people went to other hardware wallets. I did not, I wanted to wait and see what happens. I thought people were blowing this out of proportion and now the dust has settled it seems it may be the case.
Recovery service was opt-in, people were more worried about it being closed source and having a backdoor. Recovery thing just threew light on it's weaknesses which were prior overlooked.
It is more or less known that Ledger is a good wallet but no one can guarantee it 100% that there will be no problems. Since it is a wallet there will be some risk but there have been no reports of Ledger hardware wallet.
There have been reports of ledger hack, anti privacy, ledger recovery which is a security issue, etc!Hardware wallet is a private wallet and you will have full access to it so there is not much risk involved there. So you can use it to store your bitcoins there if you want.
What is a private wallet? However Ledger is closed source and even though it is non-custodial, ledger recovery proves that it is possible for your seed phrase to leave the 'secure element', so that will definitely be a problem for any customer who is conscious of their security.However, since there are many alternative hardware wallets in the market, you can research them and use the one that you feel is the most secure. however, Ledger wallet is still very popular in the market
Exactly, there are so many better alternatives, and Ledger is popular because it was one of first hardware wallets that quite a lof of people bought and recommended. hero member
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It is more or less known that Ledger is a good wallet but no one can guarantee it 100% that there will be no problems. Since it is a wallet there will be some risk but there have been no reports of Ledger hardware wallet. And huge amount of users are seen using this wallet and they are using it very happily and carefree. Hardware wallet is a private wallet and you will have full access to it so there is not much risk involved there. So you can use it to store your bitcoins there if you want. Hope it will give you a good satisfaction. However, since there are many alternative hardware wallets in the market, you can research them and use the one that you feel is the most secure. however, Ledger wallet is still very popular in the market
This is right, if you own the old Ledger Nano S version, it's not part of that recovery feature. As for the choice, I guess that on these times the favor goes to Trezor.
I have the same version so I would prefer this kind of model than those that supports recovery feature. But to be honest, I really do not like the decision of Ledger to include the recovery feature for the updated versions.
It clearly not defining them anymore as a true cold hardware wallet. I don’t have any plans to buy future versions of Ledger Nano like the X or so because of the controversial recovery feature.
Before this feature came out, I had plans to buy the X version because of its feature that allows you to view your portfolio on mobile, I haven't tried yet with S version. But when they've released the recovery part, that's where I have removed that plan.
What is your verdict? Safe? Avoid?
I would not use and trust that crap at all, and it's not only because of ledger recover service.They are pretty much trying to be shitcoin wallet that don't care about customer privacy for a long time, they leaked private information, they have terrible battery for model X, and they have worst quality control ever.
It's just junk made in China, than later assembled in some French village garage, and graveyard of old ledger wallet models is getting bigger every day.
I would not be surprised if they have some hidden government backdoor code with bunch of signed NDA's, but this is just my speculation.
The recovery service that they've got is applicable to the newer versions of their hardware wallet.
Avoid if you are just about buying a new hardware wallet. As for safe, if you were already using Ledger before they announced the Ledger recovery service, you might just continue using it as you have been doing so, but of course without 'subscribing' to the new Ledger recovery service, but whenever you decide to get a new hardware wallet, you should ditch Ledger for a different brand; because there is then no reason to continue using it.
This is right, if you own the old Ledger Nano S version, it's not part of that recovery feature. As for the choice, I guess that on these times the favor goes to Trezor.I have the same version so I would prefer this kind of model than those that supports recovery feature. But to be honest, I really do not like the decision of Ledger to include the recovery feature for the updated versions.
It clearly not defining them anymore as a true cold hardware wallet. I don’t have any plans to buy future versions of Ledger Nano like the X or so because of the controversial recovery feature.
If you have a Ledger, just don't use Ledger Live — that itself removes a good chunk of the uncertainty risk.
While I do agree that Ledger Live is a shit app that shouldn't be used for more than its needed, isn't it open souce and same goes for those coin apps meaning ppl probably tested it?. The main problem with Ledger is that its firmware is closed source and imho that's way more dangerous because you can't simply avoid it like you can Ledger Live. @OP Ledger owes is market dominance thanks to the fact that at the time they launched their HW there was no many competitions like it is now so people simply buy it by innertion but luckily nowadays there are many quality options that doesn't cost a fortune so there's no need really to get Ledger if you want a safe wallet to store your bitcoin.
Ever since I watched that Joe Grand guy crack that trezor wallet with 2 million inside on youtube I've been turned off. There's no perfect solution right now but I still think using hardware wallets as a 2FA approach is a good thing.
The issue was resolved according to the Trezor and the hack issue is only possible through physical attack. The hacker spend 12 weeks to hack the device which is already too long for the owner to import his backup seedphrase on a software wallet to recover his fund safely.
Hardware wallet security is improving as time pass by. There's no need to worry much about hack if you are purchasing a hw with open source code and from trusted company.
~snip~
If you have a Ledger, just don't use Ledger Live — that itself removes a good chunk of the uncertainty risk.
If you have a Ledger, just don't use Ledger Live — that itself removes a good chunk of the uncertainty risk.
If only it were that simple, but for those who buy Ledger HW for the first time, using Ledger Live is mandatory for the initial setup of the device, and for those who have been using it before if they want to upgrade the firmware or add/upgrade any coin app. In addition, regardless of which software you use with the device, you still connect to the Ledger servers for every incoming/outgoing transaction, which means that you still take certain risks, at least as far as privacy is concerned.
For anyone who can afford it, it would be wise to find an alternative, or to pretend that nothing has happened and will not happen.
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