/biz/ - Business & Finance

Serves them right, hw wallets are a meme and a liability

Brain wallet and iron hands ftw

>>16886135
Why the fuck would anyone trust costly hardware bullshit to store TWO short strings of alphanumeric lines? I never fell for the hardware wallet meme because holding your own keys is already risky, entrusting them with some shit from a company that’s on a glorified USB stick is much worse.

>>16886135
looks like the guy just sent his eth to the wrong address lol

>>16886209
>>16886193
Heh, yes how can anybody be so stupid, brb

>>16886237
How did he send the funds then from that adress? The only thing i can imagine is that he created a mew wallet and thought he was connecting to the hardware wallet

>>16886135
so? as long as you have the mnemonic you haven't really lost the money.
never happened to me btw

>>16886261
No, the problem is that ledger assigned adresses to the seed phrase that shouldnt be assigned to that seed phrase. There is even a FUCKING OPTION IN LEDGER LIVE TO CHECK FOR ERRONEOUS ADRESSES.

>>16886253

But then would he no have had to paste in his pkey every time? Which would have made it obvious he wasn't using the ledger.

Interesting.

Two Ledgers crew, both set up the same.

>>16886304
Hm yes you are right but maybe he is retarded

>>16886261

Nah what looks like happened is he sent the coins to an incorrect address.

When you use a hardware wallet you shouldn't only lock the price at a good point, but also lock your password.
Many people don't know this.

NOT YOUR KEYS NOT YOUR CRYPTO LOL

SERVES YOU RIGHT FOR TRUSTING FRENCHMEN

FIX YOUR OWN HARDWARE KEKS

CHADS STORE AT BINANCE

Coinbase and Binance chad reporting in. If Coinbase steals my linkies I will kill the CEO of Coinbase. If Binance steals my linkies, then ni hao CZ and bao ching BANG!

>>16886135
BUILD YOUR OWN HARDWARE

>>16886601
Kill the coinbase ceo anyway. His face has douchebag written all over it.

>>16886473
Trezor only.

bump because interesting discussion

Unironically safer to hold on jewbase

I'd just like to interject for a moment. What you're referring to as YOUR Bitcoin, is in fact, Ledger's Bitcoin, or as I've recently taken to calling it, Ledger's profit. Ledger is not an operating system unto itself, but rather another way to trick you out of your Bitcoin made possible by the chink made components, shell utilities and vital system components compromising your full OS and keys.

Many computer users run a modified version of a paper wallet system every day, without realizing it. Through a peculiar turn of events, the version of Ledger which is widely used today is often called "Ledger Live", and many of its users are not aware that it is basically the BSV or any altcoin shitcoin, developed by Ledger to steal your funds.

There really is a Bitcoin wallet, and these people are not using it, but it is just a part of the system they've fell victim to. Ledger is the vector: the weak point in the system that allocates the users resources to the other party. The wallet is an essential part of an operating scam, but useless empty; it can only function in the context of you trusting Ledger. Ledger is normally used in combination with an IQ sub 90: the whole system is basically BSV with different name added, or LedgerCoin (your Bitcoin is now theirs). All the so-called "Ledger" wallets are really distributions of a huge scam perpetrated by Ledger and marketing companies selling you the USB stick.

>>16886503
based and binancepilled

>>16886193
Ledger is closed source , trezor is open source.

That said most people getting rekt with hw wallets are morons literally falling to pishing attempts putting their seeds in sites that larp as the real wallet.

>>16886135

why, generate a mnenonic key, create a wallet, print the key, copy it few times, store coins in a wallet, wait till transaction written in the block chain, delete everything.

feels good

ledger support is terrible. the worst. but they're right in this case - it's user error.

>>16886831
It's actually paid Trezor FUD campaign compiling a bunch of user errors to make it look like something wrong with Trezor

If you read the other thread it's just a bunch of retards that lost their funds by user error

>>16886193
Based and brain-pilled

>>16886442
Then how did he send funds from that adress before?

>>16886926
This

>>16886135
That's why I checked my seed on a pc first

im confuse, if you have the ledger seed word why do you need the hardware to access the public address?

>>16886135
Just noobs doing something wrong, obvious as fuck.

>>16888163
Nope, there were adresses wrongly assigned to seeds by ledger. The dev here even acknowledges it
https://www.reddit.com/r/ledgerwallet/comments/eq05l4/can_we_get_an_official_response_from_ledger/?utm_medium=android_app&utm_source=share

>>16887511
Checked. Its just double checking. The receiving address is always the one displayed on the screen. Say Ledger Live(their GUI) is bugged and displays a wrong address.

I lost half of my money on the safex migration scam, I hope the legder bug is just a hoax

>>16888254
It's just nufags being nufags.

kek one time I thought my trezor had its eth addresses all lost when I didn't use it for a year. turned out to be the thing in the top right of MEW that lets you choose your network, I was on gochain or some shit

>>16886193
just sign your transaction with pen and paper lol

>>16886736
Applications on pc and phones are open source. Even ledger itself had a vulnerability inside, they could only open with physical access.

I'm fucked. I lost fucking EVERYTHING GOD DAMN!

I thought this shit was meant to be FUCKING SECURE?? WHAT THE ABSOLUTE FUCK?????

THE FUCKING WALLET WON'T LOAD AND I HAVE NO ACCESS TO MY FUNDS!!

This is all the money I had... I'm not joking i'm in tears here I'm falling apart. Is there a fix????

>>16886503
>not ur keys not ur crypto
>store at bina-
u know what why even bother

>>16888371
Lmao lame fud, you put your seed phrase into another wallet.

>>16886135
that's why i keep all of my crypto on exchange where it's safe and secure

>not using a paper wallet

>>16886694
So where should I store my keys?

>>16886694
my sides

>>16886612
This.

>>16886694
You are a brainlet. Ledger live is open source and you can fucking compile from Github.

>>16886694

btw this is literally average bsv fudder lmao

odds are the passphrase (13th/25th word) is wrong

>>16886135
Why not just use the 24 words to derive the master seed in another application? They use a standard protocol for key derivation, do they not?

>>16888548
What passphrase? I thought the passphrase was only to access ledger live but had nothing to do with the seed or recovering the account?

>>16888620
passphrase is addition to your seed. so you can protect your coins from niggers by just not entering and they will see a small amount.

>>16886135
Funny seeing this today. I hadn't touched my ledger nano S in over a year until last night. I tried to access through MEW using my ledger and it kept failing. I was running old 1.2.x firmware on my ledger.

I updated my ledger to 1.6 and also updated the ledger live app. After doing that all my coins/tokens were accessible through ledger live.

Ledger live is pretty nice and it's simple.

I have to say i was a bit nervous for a bit. These people having problems must have sent coins to a different mew address not tied to the ledger.

> ITT : cmon goys!!! Put your linkies on binance!!! What's wrong with you goys!!! Don't you want us to keep manipulating the price down?!?!

>>16888371
Whoops...

>>16888371
where's your seed?>

>>16886135

>critical problem
>a few stupid boomers that couldn't program a car stereo fuck up a transfer
>they don't even lose any funds

Gtfo with this shit

>>16888371
lol

>>16886209
Look at this loud mouth idiot that doesn't understand crypto. The "USB stick" only signs the transaction. It doesn't hold your coins

>>16886135
Imagine having a shitty hardware wallet instead of a paper wallet hahahahahaha retards

>>16886694
BSV fud pasta

HOLY SHIT
I RATHER STORE MY COINS ON COINBASE WTF IS THIS SHIT
THX OP

>>16886193
>get in accident
>cant remember passphrases
good technique retard

>>16886209
yeah put those coins on a sketchy chink exchange good idea!

>>16886135
lol retard

>>16886473
It’s so worth it to spring the extra sats for an address lock especially if you’re already price locking

>>16886503
>>16886601
>>16886714
>>16886135
my links are SAFU

>>16889449
this

>>16889638
>he doesn’t write his important passwords and usernames on paper

>>16888596
>>16888203

>>16886694
Thank you /g/entleman.

>>16889494
Hello Ledger shill, I’ve been in crypto since the /g/ days, since the beginning. Here’s something right from Ledger’s website.
>”A hardware wallet is a cryptocurrency wallet which stores the user's private keys (critical piece of information used to authorise outgoing transactions on the blockchain network) in a secure hardware device. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone.”
>stores the user's private keys

Guess what happens when your little USB fucks up, mongoloid? That’s right, if you haven’t backed up your keys (which would make your glorified USB nucrypto pacifier pointless anyway) then you’ve lost your funds forever. Hardware wallets are entirely pointless. Suck 10 dicks you stupid cunt.

>>16889649
>not using meme hardware means leaving your shit on chinknance
Nice comprehension Rajesh. Paper wallets are what crypto was literally made for you retard. What do you think the point of keys are? So you can store them yourself using open things, like a pen and fucking paper if you want.

>>16888203
>adresses wrongly assigned to seeds by ledger
That doesn't make any sense if they were able to send ETH *from* that address. That means the seed produced that address at some point.
>>16890101

is there anything wrong with storing on cuckbase?
>muh taxes
I'm actually going to pay my taxes.
I've got about 10k link on there. are they safe?

>>16890263
>Hardware wallets are entirely pointless.
turboretard

>>16888349
This use carrier pigeons

>>16888693
>cmon goys!!! Put your linkies on binance!!!

fake and gay like 90% of threads on the catalog right now

I always brag about my crypto money and I have a ledger. If someone breaks into my home and tries to steal my crypto I just hand it to them.
SPOILER nothing on it. Literally a bigbrain move

Update the software stupid mufuckas. This just happened to me today

>>16890324
it’s the most trustworthy exchange. That said, 10k linkies is a lot, and it probably wouldn’t hurt to put some in cold storage. If you do move some, do your research so you know exactly what the process is, and before you send the whole shebang to your second wallet, send a fraction of a link back and forth between the exchange so you get an idea of how it works. You will need a negligible amount of eth to use as gas for the transactions

>>16886135
Thats not how Ethereum addresses work.

>>16890263
Hardware wallets aren’t entirely pointless. They are essentially a hybrid between a hot and cold wallet. They allow you to send transactions without exposing your private keys to potential key loggers. A paper wallet is more secure, right up until the moment you send anything from that particular wallet, then a hardware wallet in the same situation is more secure. If you own any crypto, I shouldnt have to explain this to you.

>>16886503
Fuck off Chang

>>16891844
You can use a paper wallet without typing it out into an online machine by signing the transaction offline and broadcasting it

>>16892118
What a great idea! Now if only you could streamline the interface and build it into a small, easy to use device. I bet you could sell such a device for at least $50 a pop.

>>16892169
>What a great idea! Now if only you could streamline the interface and build it into a small, easy to use device. I bet you could sell such a device for at least $50 a pop.

>>16892230

>>16890263
>calls me a ledger shill
You are a fucking retard. I have my keys backed up. If you don't have your keys backed up/ safe somewhere, YOU ARE AN IDIOT that deserves to lose their crypto.

>>16892230
Are you legitimately austistic?

>not saving your keys in a text file in a password-protected zip-file on google drive
fucker asked for it

>>16886135
He posted his ethereal address. Long and behold no NEO. OP is retarded and confused his addresses.

>>16886135

Many people don't reset the keys when the wallet has been MITMed so they use keys other people have and then their funds get stolen.

>>16888349
I'm new to crypto, I want to buy some link. Do I need one of these ledger nano things or can I honestly use a paper wallet?

>>16891734
Kek got 'em

itt: retards who don't know the difference between a usb storage device and a secure element

>>16886503
Why do people post complete lies?

>>16886135

Gtfo, this was answered in the first comment and Op never responded. It’s clearly user error otherwise we’d see ALOT more issues. Furthermore, don’t be a pussy, why use a hardware wallet and not store your address and private key yourself? Anytime you add an extra step to simplify things, you’re just asking for trouble.

>>16892848
In my opinion you don't need one of these things. It's kinda boomer-tier like, needing a physical object to 'hold' your bitcoins. Not to mention its a black box, potentially backdoored, prone to bugs, etc. And you need to backup your seed phrase anyway, so what's the point of buying something when you can do the same thing with free software?

Didn't want to make a thread. I have a MEW wallet on my phone, with about 1k stinkies on it. Well that's what I had. I looked the other day and it said the wallet has no tokens, so I thought I got hacked. But I checked etherscan and it says they're still there, and in fact there have never been any transactions out of this wallet. Wat do?

Pretty obvious whats going on here. OP has introduced another MITM attack to MEWs servers and/or domain name. Then he spreads disinfo to cause people to try to move their funds during this attack, as thats the only way he can steal them. I bet coin telegraph or whatever shitcoin news outlet you ascribe to will put out an article about it in a few days when the vulnerability is discovered.

>>16893867
well if you only deposited tokens there cant be a tx out. MEW is just the software to access the wallet. its often buggy and and assets dont appear. get your wallet adress and always check on etherscan

>>16893867
ive had phone wallets not report shit correctly before. bout gave me a panic attack. but if it's there on etherscan, it's there.

>>16893048
It generates the keys offline. Lurk moar

>>16894530
Just disconnect your computer from the internet while you generate your keys. It's free.

>>16894577
then have your keys transmitted as soon as you get back online from a spyware you got browsing dumb shit

>>16893996
I SUSPECT THIS WAS THE CASE. I WOULDNT MOVE SHIT RIGHT NOW.

>>16886135
>I sent all my bitcoin to BlockFi
>ive made almost half a BTC profit without trading

>>16886135
dude just use binance lmao

>>16886135
Calm you tits. It was a BIP39 upgrade problem. Their funds weren't gone their address was... buried. Also it seems like there was a bug with some of the other "apps".

>>16893996
Who the hell uses MEW anyway? Also, if you use a HW on mew, the keys never get revealed so it's pretty pointless.

>>16887511
the private keys are on the device

>>16896200
With a MITM attack they could change the address of a recipient, and if you werent careful to double check you would be out your crypto.

>>16896422
Hadn't thought of that but that's why you always double and triple check. Also, the receiving address is always shown on the ledger so only a retard would fall for this.

>>16896455
Yeah, but there are lots of retards out there.

>>16892301
are the keys the 25 phrases? no im not jokin..

>>16896680
Thats a pneumonic. Its a series of words that, when run through an algorithm, yield your private key. They both serve the same purpose but 24 words are easier to remember than hundreds of random characters.

>>16896770
thank you anon, especially for not being condescending like most autists here tend to be

>>16896945
No problem anon. Game theory, and the Buddhist concept of karma, dictates that by helping you I am indirectly helping myself should I need it in the future. I think us anons should be kinder to each other, unless someone is asking for it.

>>16897025
I hope I don't come off as a dick responding to a heartwarming exchange, but in the spirit of sharing knowledge, it's "mnemonic" not pneumonic

Just run your own eth node
Oh...

>>16897304
God damn it i am retarded, but now I am less so thanks to anon.

>>16886694
reddit comment section/10