Hey guys,
I run a cold storage company.
My latest hardware wallet is closed source.
I encourage you to wear your signing device as a necklace.
I offer a KYC service where you upload your seed phrase to my cloud server.
Who am I?
Discussion
Ledger
people don't drag their safes around with them, do they? dumb. dumb. dumb.
Does your necklace wallet support shitcoinery?
A dingleberry
Sounds like that ledger 🚮
🤦♂️
The CEO of a failed company.
I can believe my lucky, I won a Ledger Nano X and I’m waiting to receive it, and now I read these news 😢
Sorry to hear, but there is no way around.
No lucky 😢 I’m trying find a way to save the sats securely, I was using Muun Wallet, but now it has problems to transfer because of the lightning network fees I guess
Yes Muun does not work anymore. I would recommend Phoenix for you https://phoenix.acinq.co as better alternative.
In terms of HW if you look for a less expensive open source alternative try https://trezor.io
If you want to invest a bit more for your HW signer check out https: foundationdevices.com
Phoenix is non-custodial? If the app disappears you can load your private keys or seed phrase on any other App?
I heard bad things about Trezor too and Signer don’t are available on my country. I can’t afford a hardware wallet.
You can also start off with just a paper wallet for cold storage if you don't plan to transact day to day
Then as your stack increases in purchasing power you can grab a hardware device.
Also a tap signer might be a good choice too on a budget
They said it’s an *optional* recovery service to shard the key and share it to 3rd parties. Everything remains optional and user controlled. No back door whatsoever. Security of the funds is not changed.
We'll never know because it's not open source. It actually looks like there is a backdoor.
There should be NO option, giving that option opens it to a backdoor.
Ima need a quick run down, dawg
Ledger
Sounds like is not self custody
Would you also charge for that KYC service as much as a video streaming service?
Either ledger, a malignant actor, or both.
Voldemort
I wish I was better at explaining to people why privacy and no-KYC matters.
All the bad scenarios I can think of usually get responses like:
"Oh that will never happen! People will stand up when it matters"
In my head all I can think is "have you been asleep?!"
Maybe this is a signal that bad scenario giving is a bad persuasion method.
A 🤡
A scammer