What would be his reason for not self custody? It makes no sense to trust someone else with your future!
Discussion
SOMEONE LOST MONEY USING A LEDGER.
ENTERED PIN WRONG AND LOST SEED.
THE CONCLUSION SHOULD BE THAT LEDGER IS BAD FOR MOST PEOPLE. NOT SELF CUSTODY.
ledger is brutally bad, completely optimized for shitcoins at the expense of being a real HWW
It's crazy. Someone one time lost their dad's 1865 gold coins too, that doesn't mean that millions of people can't safely keep gold coins in their safe. People need far more credit than they are given.
Him being stupid justifies making everyone going the same stupid route he goes? These ppl... I don't understand them.
Don't trust, verify!
At a base level, HW seed signers could be considered a point of failure.
Same happens on all hardware wallets. The conclusion is to have secure backups in metal.
- LEDGER UX IS COMPLETE SHIT.
- DEVICE AUTO WIPES AFTER THREE WRONG PINS AND YOU CANT TURN THAT OFF.
- YOU CANNOT VIEW SEED WORDS AFTER FIRST SETUP. IF YOU ARE NOT SURE YOU SAVED THEM CORRECTLY OR IF YOU LOST YOUR BACKUP YOU HAVE TO WIPE DEVICE AND CREATE A NEW SEED.
YES. SECURING SEED PHRASES IS ESSENTIAL FOR MOST HARDWARE WALLETS (NOT BITKEY) BUT LEDGER PARTICULARLY SUCKS.
I thought this so I got a Jade. Thing glitched hard and I couldn’t open it. Went to my computer and entered a 6 digit pin into the desktop software. Proceeded to drain my entire wallet without ever connecting or unlocking the hardware device. My take away, Jade is worse
never count on a device to hold your keys. you need a physical copy somewhere. paper, metal, whatever. electronics fail sometimes unexpectedly.
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