How does Ledger know how much bitcoin their devices secure? 🤔🤔🤔
Discussion
Xpubs on ledger live probably
That's a big privacy yikes.
Oh yeah definitely
But consider that anyone who’s using a company node to pull balances likely can face the same risk
If you’re not pulling balances from your own node you are trusting someone else with your privacy (to an extent, there is nuance of course)
privacy (or security) with a Ledger? That's funny.
🤣
Just in case you aren’t put off enough by this company that I think has now lost it.
They just told all of their customers that their privacy is most likely being violated live on stage. Congratulations to Coldcard, Bitkey, and Jade.
nostr:nprofile1qqsw3znfr6vdnxrujezjrhlkqqjlvpcqx79ys7gcph9mkjjsy7zsgygpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8thwden5te0dehhxarj9ekh2arfdeuhwctvd3jhgtnrdakj7qgkwaehxw309ajkgetw9ehx7um5wghxcctwvshspg7dju why aren't you this transparent with your data about how much your users hold? 🤣
It's a transparent ledger.
Ledger Live queries their servers.
... seriously.
:p
nostr:nprofile1qqsr7acdvhf6we9fch94qwhpy0nza36e3tgrtkpku25ppuu80f69kfqpramhxue69uhkummnw3ez6un9d3shjtnyv4ex26mjdaehxtndv5hsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshszxthwden5te0wfjkccte9ekk7mt0wd68ytnsd9hxktc79dllq ledgers connect to an endpoint through ledger live to check for firmware updates, because they need to install the "Bitcoin app" every time the user resets their seed phrase.
It's only a question of time before they sign off on a malicious firmware update and 20% of all Bitcoin is at risk of going off the market 🤣