Ledger show is out with #[0], #[1], Harry Suddock and Ledger CEO Pascal.
Discussion
Sponsored by Voyager & Blockfi.
I don’t hold it against him, but his sponsors do have a very unfortunate tendency to eventually shit the bed entirely.
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Ledger = dead
Sweet. Will definitely listen after work
Very curious of that
Was disappointed that no one asked if the new Firmware is pre-baked in the Stax since Ledger claims users can choose to accept the firmware or not.
This is way more civilized than I expected, great pod!
Any takeaways?
How about these takeaways:
1) Better trust multiple manufacturers than one.
2) On the market there are people who are not comfortable with the management of their own keys hence the need for services like the one provided by Ledger.
3) Ultimately education or self-education is the only thing which can bring users to manage their own keys.
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Looking forward to this one. I have it downloaded already. A long flight from Florida means a lot of pod cast time.
Ledger is dead. Their ruined it.
Looking forward to hearing Peter’s cool-headed take on this, after the shitstorm on Reddit last week.
Really enjoyed this one
Oooo! Looking forward to my commute tomorrow. This is going to be a good one! Thanks for doing this Pete!
That was painfull. Watching Matt nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx suffering by the lack of humbleness irradiating from Pascal's golden rings.
My takeaway from this is that this compromise is for shitcoins because you solve this issue that with multisig on Bitcoin.
IMHO Ledger should have a Bitcoin only option for it's firmware that doesn't need a Shamir solution...
As far as I have understood the point of this service, it encrypts the private key and divide it into multiple parts to store it safely on a the servers of a partner company. Therefore a potential user has nothing to do to manage that, the whole process is managed by someone else.
Multisig allows us to share across multiple devices funds. So not one key is used but multiple keys, and the burden is on the user to make sure everything is OK as time goes.
I never used a provider like Casa so there is something I may be missing, however I see the service provided by Ledger totally different where the responsibility is shift to Ledger and its partner to backup your key. As far as I know with multisig the responsibility is still ours. At least in my case I am solely responsible if my geographically distributed backup fails, I can't cry.
So for my parents I think the service of Ledger is interesting. For me I wouldn't need it.
"The only concern is if we get subpoenaed by a government" 💩
So overblown. Just because a company has a shard doesn't mean they know anything about your wallets or balances. You could have one nft or a billion doge. They will never know. And it's not like anyone who cares about this and is shitting on Ledger even uses one.
I just can’t trust a man that wears multiple gold rings. It’s weird and screams scammer. Anybody that sends their bitcoin to his hardware devices are going to get burned. But apparently his customer base are shitcoiners so I guess I really shouldn’t care.
I liked this one a lot. I’m sticking with Ledger. In fact, if he’s right, Ledger sales could skyrocket.
We'll done gents. You did a community service with this one.
"We will not launch Ledger Recover until the code is published."
https://support.ledger.com/hc/en-us/articles/11132311094813-Ledger-s-open-source-roadmap?docs=true
I still don't understand all the fud around this story. I am definitely using multisig, but now go to your parents tell them they have to do it and understand everything in order to not fuck up everything.
It took me some time to be confident with multisig (and I am against Casa or other providers for that, I use social connections to store my keys in different geographic locations).
So definitely as someone who try to explain technical things to people and see all the difficulties people have with unfamiliar concepts, I can see a use case for the service provided by Ledger. I would never use it, but definitely I think it is far better than software wallets.
I agree with NVK, no one knows when something is broken until it breaks. Who would have known that a German airline company would have an airplane crash because of a suicidal pilot?
Same thing for software, until it breaks nobody knows if something is 100% flawless. So my opinion is the initiative is good to onboard users who are not confident enough to manage their own keys. Once confident, I think doing it on our own is better.
By the way I use multiple vendors for multisig, I think only coldcard or ledger is bad, but a combination of multiple wallets is good as it allows us to spread the risk of a device being flawed.