ooof huge downside. I was considering Jade. Not anymore.
From what I understand, Jade uses a ‘virtual secure element’, basically meaning it uses a remote server (an oracle) to store part of your seed, encrypted. Guessing it is wanting to connect with this server for that.. You should be able to create your own ‘oracle server’ also. nostr:npub1sqaxzwvh5fhgw9q3d7v658ucapvfeds3dcd2587fcwyesn7dnwuqt2r45v ?
Discussion
In Jade’s defense, only part of your seed is stored on their server and it’s encrypted. You could also build your local oracle server, so in theory it would never need to go online.
I haven’t used Jade and don’t know the technical nuances, but seems to be similar to a ‘recovery’ option Foundation devices has, and even somewhat similar to the new BitKey, although bitkey uses 3 multistage (one on their server, one on your phone, one on the rock).
I think it comes down to preference. Personally I don’t like my hardware wallet to touch the internet at all, ever, but for newbies, not losing your seed, and ease of transactions, it may be OK…
Ive survived using encrypted usb sticks with the wallet file on them to access my electrum wallet offline and a watch only wallet to transfer news of transactions by means of air gap. Im realizing that my initial entry into the world of securing funds was probably the best lol
Yeah, similar.. Call us old-fashioned..