Behold the ledger security model: Governance. Trust our firmware updates.
Discussion
I’m a noob on the hardware side of things but is the whole “hardware wallet” thing supposed to be that the hardware is the security not the software? Feels like a lie from the beginning…?
Correct.
That's why FOSS wins.
Honestly though I recommended ledger to friends and family over the years, I feel totally scammed ☹️
Seems so. Its not isolated in the secure element (which is not open source). It can be exfiltrated and the only thing you need to recover is a govermment ID. Which would mean if the government wants to freeze your assets, they can.
"The service lets your government-issued ID be the only tool you need to recover your wallet. Complicated op-sec is no longer a requirement for ordinary crypto users looking to secure their hardware wallets!"
😬⚠️
Who is to say there is not a way to identity and recombine these shards? All you need is a government ID right? Lolz
Boy they like digging themselves deeper into this hole. Because the facts are the facts and the facts are biting them in the ass.