[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 76 KB, 1280x720, ledger_nano_s_5-1280x720.jpg [View same] [iqdb] [saucenao] [google]
53268793 No.53268793 [Reply] [Original]

I feel like Neo from the Matrix with this

>> No.53268803
File: 1.89 MB, 640x360, 1673635739761799.webm [View same] [iqdb] [saucenao] [google]
53268803

Did you preorder?

>> No.53268915

>>53268793
Just wait til it's in your right hand or forehead.

>> No.53268931

Yeah, it looks cool but there's something obviously wrong with it. Think about it, it's a huge flaw, yet it's obvious.

>> No.53269014

Why would you buy the worst hardware wallet available

>> No.53269023
File: 232 KB, 500x532, 73h8ov.png [View same] [iqdb] [saucenao] [google]
53269023

>> No.53269076

>>53269014
Bro, don't be a dick and just lob insults. How about being constructive, we all started out at one point.

>> No.53269101

>>53269023
I don't understand this. WHat's the issue with ledger? It uses BIP-39 wordlist. What's the issue?
Fucking /biz always has a ready supply of faggots whining about how it's easier to airgap a laptop or carve the seedphrase into your rectum passage but it's such a load of shite. Ledgers are fine. The Ledger Live software works a treat and there's an app so you can keep an eye on your addresses.
All for $70 or something.
Ignore them, OP. Though if it's a Nano S be aware of the screen burnout which occurs after about 5 years, though you can still view it by looking at it through a mobile phone camera, oddly. I need to buy a new one and might get the Nano S plus, which i assume has resolved this issue, but i'm not certain

>> No.53269103

Op, Ledger is better than CEX but only small amounts. If you want to hold large amounts, then you should generate a wallet with an offline device, like a PC or if you want something smaller, a cold card or jade. Totally air-gapped is key.

>> No.53269125

>>53269101
I've used it and it's been fine but there's a problem with ledger. The very first thing you have to do is generate a seed, then hook it up to the internet in order to download the particular app you need to run the device. Whereas, a cold card you could generate a seed, never connect it to the internet, and send your bitcoins over psbt via sd card.

>> No.53269168

>>53269125

This is dumb.

Malware and keyloggers can operate on the hardware level. If you generate your shit on a computer, it can be yoinked easily.

The same can be said for sending transactions. Any malware and keyloggers on your computer can yoink your shit.

The protection Ledger provides is that in order to send a transaction, you have to confirm it on your Ledger device.

>> No.53269190

>>53269125
First time I've heard this. Surely if Ledger was hackable it would have happened by now? Most people don't know or want to risk getting too technical. How many people her understand what generating a seed with a cold card and sending your tokens over psbt via sd car even means?
I'm aware of the trezor v ledger debate, but if indeed trezor is ok, then why are people like you still advocating all this other stuff?

>> No.53269200

>>53269168
Even if my pc is infected with malware, it never connects to the net and I can always review the json file for the psbt. You always have to sign the tx which is confirmation.

>> No.53269212

>>53268793
You must be a simple man.

>> No.53269219

>>53269190
It hasn't happened that I know of but I have a couple of ledgers and I was playing around with them, trying to generate a seed and use electrum but it's impossible. You have to connect to a live pc that's connected to ledger live.

>> No.53269223

>>53268793
You feel like a depressed IT worker not satisfied with his life ?

>> No.53269224

>>53269168
Exactly this. Surely the risk of being hacked when you install an app is less than connecting a laptop to the internet? even if the app download was compromised, you'd still have to confirm the transaction on the ledger screen. they'd have to rewrite the app software so it displayed the wrong address and hope you sent all your crypto to the fake address. To me that seems less likely than the alternative risk

>> No.53269237

>>53269219
Or put another way. You must create the seed first then connect ledger live. You can't download the bitcoin app from ledger first then create your seed offline.

>> No.53269243
File: 226 KB, 675x499, 73h8cr.png [View same] [iqdb] [saucenao] [google]
53269243

>> No.53269264
File: 530 KB, 500x515, 73hbea.png [View same] [iqdb] [saucenao] [google]
53269264

>> No.53269276

>>53269224
No bro, your not thinking it all the way through. You must generate your seed offline. Then you create receiving addresses with that seed and send to those addresses. That is impossible to do with a ledger

>> No.53269287

>>53269243
This guy has nothing constructive to offer but likes to be an edgelord. While we're having useful discussion, he's furiously making his silly little memes which prove nothing

>> No.53269299

>>53269276

You can generate seeds on the Ledger. You just need to power the Ledger with USB-C.

There is no internet involved.

>> No.53269301

>>53268803
sweet, now i can larp as bane

>> No.53269303
File: 439 KB, 2500x1500, 1673319203935287.jpg [View same] [iqdb] [saucenao] [google]
53269303

>>53268793
Never forget the Ledger dataleak and how they handled the situation.

>> No.53269309

>>53269276
What about trezor? What's the difference there? I have one but have never used it out of laziness and a fondness for Ledger Live. I could be convinced if i thought there was any real value ibn it, but no way am i fucking about with airgapping PCs

>> No.53269320

>>53269125
I just used MEW when I first got my ledger

>> No.53269332

>>53269299
Yes, you are right...you could generate the seed but if you want to continue using the device, you must connect it to Ledger Live and download the app, this step kills the air gap.
The proper way is to generate the seed offline which will generate addresses, then you could send to those addresses. If you ever have to send from those addresses then you could use "partially signed bitcoin transactions" or pbst, never exposing your signing device (wallet) to the internet.

>> No.53269334
File: 308 KB, 511x499, 73h7m8.png [View same] [iqdb] [saucenao] [google]
53269334

>>53269299
You don't know if you can trust it because it's the only closed-source hardware wallet.
Also, i hope you didn't receive the wallet on your home address because once they leak user information again good luck getting rid of threats by criminals

>> No.53269338

>>53269303
That was a separate issue about customers and nothing to do with device security

>> No.53269354

>>53269309
I've never used Trezor but I've heard it's better. I'm not saying Ledger is crap, but you simply can't trust blindly because with this shit, if it's gone...nobody can help you.

>> No.53269370

>>53269334
>just be like me and build a particle accelerator which is pedal powered and responds to my feet only to generate your seedphrase in chinese which is then sent by carrier pigeon to a remote substation in antartica and hewn into the wall of a cave by a team of blindfolded eskiomo women who've had their tongues removed. And checkout my meme that says everyone is stupid except me.

>> No.53269380

>>53269338
>buying a hardware wallet to avoid hackers
>hackers steal your home address, email, phone info
>it's a separate issue dude

>> No.53269383

>>53269303
Based.
Fuck ledger, I’ve owned 2 devices that are now bricks. I feel like a cuck because of it.

>> No.53269405

>>53269383
I've never had problems with the nano s

>> No.53269410

I use bitfi

>> No.53269416

>>53269380
I would sooner risk this than fuck about with airgapping PCs and loads of other stuff that's prone to fucking up. It all depends on the individual. I bet most are like me.
t. never had any crypto stolen or hacked

>> No.53269439

>>53269416
You dumbass, you could generate a seed on paper. If your pc doesn't have a network card then you are fine. You could use a bootable os without persistence to generate a seed and addresses that's totally offline.

>> No.53269442

>>53269405
>Never had a problem with nano s
Yeh, the screen will likely fade over time but do view it through a mobile phone camera and it becomes readable

>> No.53269443

>>53268803
theyre selling to the wrong customer but tech millennials are retarded so of course their gay little tech companies will be too.

>> No.53269452

>>53269439
>i don't want to do anything that's prone to fucking up
>dude! If your pc doesn't have a network card then you are fine. You could use a bootable os without persistence to generate a seed and addresses that's totally offline!
facepalm

>> No.53269495

>>53269452
You could use a pen and paper, you could use a pc, you could use a usb and they are totally safe as long as you know what your are doing.

>> No.53269564

>>53269495
I do use a pen and paper. They even supply you with the paper when you buy the Ledger.
>your paper is compromised and here's a meme of a retard

>> No.53269570

>>53269495
Your shit can just get yoinked the second you try to send a transaction online.

Nice try though.

>> No.53269591

>>53269564
He means you can generate a seed using the BIP-39 wordlist using just a pencil and paper, where you don't even need a computer.

>> No.53269595

>>53269443
who is the right customer?

>> No.53269609

>>53269570
sending a transaction is actually the worst thing you can do on a rippled account
Every time you send a transaction on your account you should follow it up by changing the private key for your account
Note that if you change your private key that any backups you had for the previous key will no longer assist you in recovering your account

>> No.53269614

>>53269564
>>53269570
enjoy wallowing in your ignorance and good luck

>> No.53269628

>>53269614
Your method still involves going online to send a transaction.

LMAO

>> No.53269630

>>53269591
can't argue with fools

>> No.53269633

>>53269591
>generate a seed using the BIP-39 wordlist using just a pencil and paper
how do you sign transactions without ever being online using this method?

>> No.53269639

>>53269633
You don't.

He still needs to go online to send a transaction, so it's less secure than using a Ledger.

>> No.53269647

>>53269609
>requires high level opsec and Senior IT level computer security knowledge and skills
>still not totally secure

The future of money ladies and gentlemen. Sounds like a good investment, you should probably put your entire net worth into it.

>> No.53269648

>>53269628
No it doesn't you jackass, you sign the transaction offline then you broadcast that signed transaction on a device that's connected to the internet. YOUR KEYS NEVER TOUCH THE INTERNET

>> No.53269665

>>53269633
You use PSBT. You sign the tx offline, then your send it on another device....

>> No.53269684

>>53269665
>use PSBT. You sign the tx offline, then your send it on another device. you can't argue with fools. just use a pen and paper
>I've never had problems with the nano s
are you just trolling?

>> No.53269688

>>53269647
this is why it's important to program your distributed ledgers with the ability to accept forms of cryptographic signature that have not been created yet
What we have now is flawed, but it's the best we have
make due, and once the technology is available switch to the more secure method

>> No.53269694

>>53268793
>I feel like Neo from the Matrix with this

you retard. so scared of someone stealing your silly fake World of Warcraft money.

>> No.53269707

>>53269684
No, you dummy!
It's the same thing as if you pull out your checkbook, signed a check and dropped it in your mailbox. Its the same shit

>> No.53269772

>>53269707
Yeah, that is why your seed is still on an "offline" computer with USB drives connected to it from a computer that is online.

LMAO

>> No.53269820

>>53269707
>you dummy
>You said the following. "I've never had problems with the nano s" in this post >>53269405
If you're so into bits of paper and alternative methods, why did you post that?

>> No.53269847 [DELETED] 

>>53269820
he doesn't use his totally secure method because it's impractable

>> No.53269874

>>53269820
he doesn't use his totally "secure" method because it's impractical

>> No.53269942

>>53269874
I had to ask him that question twice, too. first time he just ignored it. What drives these people? It's like they just want attention at any expense. They don't seem to care about contributing. Maybe i'm getting old

>> No.53269947

Why do hardware wallet discussions always bring out the schizos.

>> No.53269973

>>53268931
Water damage?
Losing it?
Getting it mistaken for a colleagues USB flash drive?
Running out of the CMOS battery?
What is the obvious problem?

>> No.53269977

>>53269820
Because like yourself, I started at some point and I bought a Ledger. But I learned more over time and experimented with it and realized there's a better way. I still have a couple of ledgers and use them for shitcoins but if you are storing serious amounts of bitcoin, then there are better options.
That's all I'm saying.

>> No.53269990

>>53269977
nobody here invests in bitcoin

LMAO

>> No.53269998

>be me
>just buy a usb drive instead of a hardware wallet
>feel like a neo that actually gets laid

>> No.53270015

>>53269990
Right. But my method isn't impractical. If you don't like to use an SD card for psbt then you could buy the Blockstream Jade that uses a camera and QR code for signing tx's totally airgapped and offline. It's not complicated at all.

>> No.53270029

>>53269977
checked and these 'better options' you opine about are not without their own drawbacks. it really is rather small minded to bash people for not having the same degree of technical knowhow as yourself and you shouldn't use it as an opportunity to indulge your ego, as you did in this thread. That said, I may look into dusting off the trezor i have and having a play with that.

>> No.53270045

>>53269570
You can run Wireshark and see exactly what data is transmitted between PC and ledger. Obviously the private keys no matter how they were generated never leave the device.

>> No.53270049

>>53268793
I bought one but never set it up, what if I lose it? Seems easier to just memorize your seed phrase

>> No.53270130

>>53270049
nice bait

>> No.53270187

>>53270029
If I came off that way in this thread, that was not my intention. I'm simply sharing what I have learned and more importantly I believe people should view these things with a great degree of skepticism. Most of us, myself included, have been lulled into allowing another entity to take care of us and our responsibilities.

>> No.53270241

>>53268793
>closed source bootloader and kernel
>extremely low ram
pick a better one at least

>> No.53270258

>>53269595
nice try zuckface, youll have to pay me consulting fees for that information

>> No.53270333

>>53270241
Retard. Simply bootstrap a 2TB Sandisk SSD with Linux running a snapdragon HX6753 GPU to the Ledger, install the apps you need and wifi that to an offline printer.
The level of retardation in here is shocking.

>> No.53270355

>>53269595
death camps
slave colonies

>> No.53270500

>>53270241
>closed source bootloader and kernel

Open source is more vulnerable to hackers

>> No.53270535

>>53269103
Oh look it’s the offline paper wallet 200 digit password clipped and put into a dozen safes anon, and being a huge faggot yet again

>> No.53270983

Hardware wallets are so fucking stupid. You're trusting a centralized company to secure your assets, and in the case of Ledger, a company so retarded they already compromised their customers' private information once in their short existence, KEK.

>> No.53271082

What do you even do if your info was leaked? Phishing links are easy to avoid, but it would be kind of a nightmare knowing your physical home address and full name is online and you are forever marked as a potential target

>> No.53271095
File: 3 KB, 217x219, 1343795066851.png [View same] [iqdb] [saucenao] [google]
53271095

>>53271082
Just move house lol

>> No.53271098

>>53269125
>then hook it up to the internet in order to download the particular app you need to run the device.
The app is just for visualizing it retard.

>> No.53271223

>>53268915
Based

>> No.53271299
File: 138 KB, 800x586, trezor.jpg [View same] [iqdb] [saucenao] [google]
53271299

>>53268931
>it's a huge flaw, yet it's obvious.
its not a trezor

>> No.53271305

>>53271082
Buy in cash at retail store ?

>> No.53271362

>>53269125
The seed stays on the ledger. It never touches the internet. The app for setup has nothing to do with seed generation.

>> No.53271446

>>53268803
does this also protect from Covid?

>> No.53271475

>>53271098
Shhh, let him live in constant fear that his $5000 is in peril from elite hackermans because he didn't generate his seed from an air gapped freshly built PC that be personally source all of the parts from and stores in Antarctica

>> No.53271541

>>53271082
NEVER ever give your home address on the internet
use a proxy address, very common

>> No.53272485

>>53270500
These are the kinds of people giving you advice on biz

>> No.53272960
File: 150 KB, 1287x1066, 1623044240198.jpg [View same] [iqdb] [saucenao] [google]
53272960

My entire portforlio is in a browser addon

>> No.53273244

>>53268793
woaah me wants that shid

>> No.53273358

Even if the hardware is secure i would use ledger. Just read their ToS or privacy policy, its a fucking nightmare and their past data leaks dont make it any better

>> No.53273368

>>53273358
*Wouldnt use

>> No.53273488

>paper wallet

>> No.53274085
File: 72 KB, 714x800, AEDFBF49-6DCB-470C-A501-72E1C5444F2A.png [View same] [iqdb] [saucenao] [google]
53274085

Sweet