I agree with you that you have to opt-in to use that feature. But with Ledger being closed source, I have to trust their word without verifying.

The point of cold storage in my opinion was that the keys should never leave the device. I just don't want another possible attack vector to worry about.

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Keeping my Ledger for now & not opting into this new service.

My seeds are on paper with a heat & water shield & not on my immediate premises.

If I get hacked. Fk it.