This ruined my damn day.
French police free kidnapped Ledger executive
51–60 of 154 posts
Re: French police free kidnapped Ledger executive
#52Earlier quoted context omitted.
There are multiples alternatives to Ledger, they are the laughing stock of hardware crypto wallets since they've started their online seed backup solution... at least among power users. Coldcard if you aren't into shitcoins, and Keepkey if you partake in them would be my choices. I would have recommended Trezor at some point but their customer data leak tainted their image for me, they've made a lot of their customer…
This isn't true at all. Ledger has not been a laughingstock of the cryptocurrency community. Their hardware wallet has survived multiple attacks that Trezor has not. It has the strongest security model and easiest to use interface of any cryptocurrency wallet intended for regular use.
I can only second that. I don't have a need for their crypto products personally, but everything I've seen from them (both their open source software and their security research) seems to be a level above the competition.
Re: French police free kidnapped Ledger executive
#53Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
You mean like a multi sig wallet? Has been a thing on ethereum for about a decade now. There are also a variety of systems that allow trustless social wallet recovery and other nice creature features that are required in the real world. The programmable nature of ethereum makes these sorts of systems readily buildable.
But its not bitcoin, so somehow its the shitcoin and the glacially frozen development environment that is bitcoin is what all the get rich quick cryptobros obsess about. I will never understand.
Re: French police free kidnapped Ledger executive
#54I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…
I believe Ledger already leaked customers' addresses. https://www.bitdefender.com/en-au/blog/hotforsecurity/hacker... Probably the most dangerous and costly data leak ever. Can't believe Ledger was able to stay in business after that.
I don't live at the house where I ordered my wallet anymore. So that's a relief.
Re: French police free kidnapped Ledger executive
#55Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
When cryptocurrency comes to depend on all the trust anchors of the fiat monetary system, the naive reimplementation will be feature-complete.
Like upgrading from a tube radio to a feature-equivalent SDR implementation, nothing will have changed.
Except that having achieved feature parity, we'll then be in a position to consider new features which may not have been possible on the previous architecture.
Re: French police free kidnapped Ledger executive
#56Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
I suppose that's an upside to all the crypto companies being headquartered in Dubai and Singapore. The surveillance state in those places can rapidly track down all the attackers. They don't mess around when it comes to violent crime.
Re: French police free kidnapped Ledger executive
#57I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…
> the ledger app on my phone requires precise location access to functio Are you sure that's not just for Bluetooth access (which shows the same message, since it can indeed be used to derive somebody's location)? What business reason do they have to send users' location to their servers? > graphene os with location disabled and always on VPN etc. If you don't trust Ledger – how much do you trust your VPN provider? T…
As I said, I'm not using ledger anymore. The new wallet's app does not have location permission and my location is turned off anyways.
VPN is just an extra layer. I'm sure VPN can see I'm connecting to the wallet's servers, but they can't see my crypto balance (I hope the communication is encrypted by the app).
Re: French police free kidnapped Ledger executive
#58I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…
I believe Ledger already leaked customers' addresses. https://www.bitdefender.com/en-au/blog/hotforsecurity/hacker... Probably the most dangerous and costly data leak ever. Can't believe Ledger was able to stay in business after that.
The article is dated 2020 for those who are curious.
Re: French police free kidnapped Ledger executive
#59I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…
> the ledger app on my phone requires precise location access to functio Are you sure that's not just for Bluetooth access (which shows the same message, since it can indeed be used to derive somebody's location)? What business reason do they have to send users' location to their servers? > graphene os with location disabled and always on VPN etc. If you don't trust Ledger – how much do you trust your VPN provider? T…
>If you don't trust Ledger – how much do you trust your VPN provider? They know both your original IP and what you're doing on the Internet (or at least to which services you're connecting).
Well, the big difference (for what OP is worried about) is that two distinct companies would need to be compromised instead of just the one.
Re: French police free kidnapped Ledger executive
#60Earlier quoted context omitted.
This isn't true at all. Ledger has not been a laughingstock of the cryptocurrency community. Their hardware wallet has survived multiple attacks that Trezor has not. It has the strongest security model and easiest to use interface of any cryptocurrency wallet intended for regular use.
You are correct of course! Ledger has long been a pillar of the community but villainized by the Bitcoin core maximalists when ledger started supporting Bitcoin Cash (BCH), the original bitcoin. Like so much in this space people think with their wallet and will villainize anyone who doesn't help sell their bags.
I stopped using Trezor when they started labeling Bitcoin Cash as Bcash.