Nostr Web Client

"The device sends encrypted shards of your seed to different companies if you decide to use the service. You can of course still choose to backup it yourself."

Well, that's at least good to know it's not enabled by default for everyone. That said, knowing that your Ledger now has the capability for your seed phrase to leave your device is damning.

If you use Ledger, it's time to switch to something else such as Coldcard, Passport, or Jade.

WilliamHodl 2y ago

I noticed trust wallet has it you can back up a seed to Google drive now. I feel a lot of hot wallets and cold storage device companies are going to start doing similar things. I'm not for it. But eventually I do see this similar service everywhere . Will be interesting to see how it plays out.

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Discussion

Derek Ross 2y ago

storing your seed words in the cloud is bad. is it easier, sure, but that doesn't mean it's a good idea.

WilliamHodl 2y ago

I never said it's a great idea, I would never do it, and never recommend it to anyone. But there are people that are not tech savvy as us. Another point also is. How do we really know Trezor and other cold storage device companies aren't going to follow suit. 🤔

Derek Ross 2y ago

they could, but i believe any bitcoin-only company would be less likely to follow suit. and if one does, you move your funds to another wallet.

WilliamHodl 2y ago

I don't trust any company.

Derek Ross 2y ago

not event Trust Company? their music is pretty sweet.

WilliamHodl 2y ago

Not even trust wallet. They think it'd clever to back up to cloud. And there owned by binance.