For those who want context, there is concern about a new “feature” that some claim is a de facto back door:
https://decrypt.co/140317/ledger-crypto-wallet-under-fire-over-seed-phrase-recovery-service
Discussion
I just listened to their space. My take away from the CEO.
1) They do not care about their current customers and are “focused on the next 100m customers” = I know you bought when first entered the space, but we want to keep shitcoining & don’t care about Bitcoin.
2) the CEO said if their is a security problem then ledger is the real lose.
3) CEO said “trust me bro” in a round about way.
4) your private key will be exposed to 3rd parties
GFY. Run Run Run Run Run Run NOW. GFY.