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54996600 No.54996600 [Reply] [Original]

Hey /biz/! Have you guys heard about Ledger's latest firmware update? They just introduced a new feature called Ledger Recover, which allows users to link their passport or government-issued identification card to their cryptographic seed phrase. It's supposed to be an ID-based key recovery service. What do you think about it? Is your hardware wallet safe this way?

>> No.54996607

>self-custody enthusiasts
no
>privacy enjoyers

>> No.54996644

we already have 5 threads on this, just delete it

>> No.54997139

Everything going down to the narrow gate of KYC. Hope we can narrate our stories when everything is done. Why is everything suddenly changing?

>> No.54997153

>>54997139
>Why is everything suddenly changing?
We goyim can't have nice things.

>> No.54997169

>>54996600
>cryptographic seed phrase
Nano S
Ledger
Notion
Are all planning to integrate graphics into blockchain ID proofs. Is this what was bargained before adoption?

>> No.54997213

No safety for funds exists elsewhere. Let's peacefully head back to stone age and sleep on our money.

>> No.54997247

>>54996607
>>self-custody enthusiasts
There has never been anything self custody cus once you deploy your funds to a smart contract, boom custody gone. I don't want to be in disbelief with sycophants though.

>> No.54997253

>>54997169
Hahaha. All fucked up schemes.

>> No.54997382

>>54996600
What faggots.
It also means ledger have the çapabilty of extracting your seed remotely. A big no no in security design

ABSOLUTE.WORTHLESS.DOGSHIT.

So happy i have a trezor model t

>> No.54997396

>>54997247
You don't understand crypto

>> No.54997511

>>54996600
Apparently self-custody is just a buzzword, and we will soon be back to relying on centralized exchanges to help store our assets.

>> No.54997554

>>54997247
>There has never been anything self custody cus once you deploy your funds to a smart contract,

What are you even saying? If you are too retarded to understand OPs concerns how about you shut the fuck up continue wanking off to your miserable life.

>> No.54997628

>>54996600
so if someone has your passport, he can redeem your coins?
what dogshittery is this? are they even serious?

>> No.54997635
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54997635

>>54996600
>Is your hardware wallet safe this way?
Your one court order from losing your crypto, but it will help bring new users to crypto.

>> No.54997650

>>54997511
before all the pro-authority ethmaxis turned up, hardware wallets even existed, and there were less than 5 exchanges ogs were securing their btc better than the best hardware wallets can today.

this was never a revolution for the low iq.

>> No.54997826

>>54997650
>before all the pro-authority ethmaxis turned up, hardware wallets even existed

Can't remember any hardware wallet being live before 2015 and if you insist we had hardware wallets then where are those brands now?

>> No.54997931

>>54996600
>Have you guys heard
Yes, dipshit.

>>54996644
Checked. This.

>> No.54998074
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54998074

>>54996600
As what I believe is likely the only person to have watched their product launch....

They got the apple designer in specifically to
>normalise
The idea of crypto. E.g. that it's on some kewl easy to use wallet. Le mass adoption.

They are obviously anticipating getting millions of irate emails and complaints to ombudsmen etc when half of their user base loses the seeds and then accuses ledger of swindling their coin out of them.

>> No.54998282

>>54997139
The government will always want to be in charge, but I think with ZKPs we can have our way around KYC, though not totally but at least we can get to encrypt our KYC data

>> No.54998308

dont care. still using ledger

>> No.54998553

>>54998308
>shill campaign to save face started apparently

>> No.54998630

>>54997169
Funds are not SAFU on cold wallets after all, it's good now that we have a smart wallet, at least we can use that to keep our assets safe

>> No.54998762

>>54998282
This sounds super nice. How can one go about this? Will the TIDV be of any assistance?

>> No.54998798

>>54998630
I think the Nexera smart wallet might be the new goldmine to keep our assets safe.

>> No.54998824

>>54997826
ngmi

>> No.54998872

>>54996600
trezor chads keep winning
imagine not using open source

>> No.54998903

>>54997511
DeFi wallets are better option IMO, and the mutable smart wallets that are just coming out are good replacements

>> No.54999065

>>54998762
Polygon ID, TIDV, and some others will definitely be needed now more than ever.
I guess it's best we focus on those projects now before they start trending

>> No.54999104

>>54999065
I trust the TIDV to play a solid role in compliance matters.

>> No.54999119
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54999119

>>54996600
It's funny, because four- five days ago I made a thread about noticing how the company Ledger consists of mainly jews.
Sadly I noticed after ordering it.
My Nano S came yesterday and today I see this news.
Pretty much everyone on here was telling me i'm just being paranoid and there's no way for the jews at Ledger to get my keys.
Kek

>picrel
Marked everyone who looks like a jew with a pink dot.
With jews you lose.

>> No.54999135

>>54998553
We have seen this script before with FTX so I am gradually waiting for clowns like him to get a wake-up call.

>> No.54999717

>>54998798
I think we should start seeing mass adoption of this product by other projects since it's much needed now

>> No.55000207

>>54997247
Bot reply.

>> No.55000526

>>54998798
Indeed. I saw the update about the team joining the World wide Web consortium (W3C)and this is a big win.

>> No.55000703
File: 399 KB, 886x821, Central Banks Buying Gold 5.png [View same] [iqdb] [saucenao] [google]
55000703

Meanwhile.........

>> No.55000762

>>54998903
Which wallet do you have in mind that would carry out the plans you mentioned!

>> No.55000835

>>55000526
Big media firms shared the news. I saw Nasdaq also share the news on them joining the W3C.

>> No.55001224

>>54998630
How trustworthy is the identity infrastructure they are employing? Better if it was TIDV.

>> No.55001405

>>54999119
You are lucky you got a headstart some of us are currently scrambling for an alternative at the moment while panicking that our years of sweat can be stolen in jiffy.

>> No.55001467

>>55001224
TIDV has set the standard and it's truly miles ahead in verification of identity.

>> No.55001524

>>54999119
Bought a ledger a month ago.
Had I seen this pic I wouldn't have.
On the other hand I've not really used it, my opsec is pretty good without it. I bought it mostly as a convenience.

Just full disk encrypt your machines and use a yubikey to unlock them. Also use linux.

>> No.55001693

>>54999717
Didn't MEXC announce that they adopted it already?

>> No.55001695

>>55001467
i've been seeing TIDV lately. it's an integral part of funders yeah?

>> No.55001788

>>55000762
NexeraID is quite popular, except you've not been keeping up with the new tech developments in the crypto space

>> No.55001790

>>54997169
Good to know, I've been big on cryptos that connect web2 IDs with web3 tho.

>> No.55001811

>>54997628
especially when many people have send their passport scans to shady ICOs and shit over the years. Did those retarded french fucks really thinkg it was a good marketing move? are they stupid, autistic or straight up shameless?

>> No.55001828

>>55001788
Great crypto niche, but opted for ORE Protocol.

>> No.55001851

>>54998903
Nice, but cryptos with decentralized identities and rights are really great.

>> No.55001876

>>54999717
XMR and ORE as well.

>> No.55001886

>>55001788
MEXC and DuaWallet are some of the earliest to show interest. It is open to builders now.

>> No.55001991

>>54996600
This is a good sign and a bad sign at the same time.
As the internet grew in value it became more and more regulated (aka censored and centralized), if you're around 30 you know what I mean because you experienced it.
Cryptos will be worth tens of trillions but it will be a golden jail, the thing is you will be too rich to care as money buys freedom.

>> No.55002012

>>54998282
This will be a game changer for this whole KYC shit, but I hope that they won't also look for a way to ban it

>> No.55002114

>>55001991
Stop ranting shit simp. Embrace KYC and have peace. It's AML standard currently developed by identity verification tools

>> No.55002154

>>55001695
>>55001695
What's so special about this Funds that Arbitrum is begging to utilize it on their chain. Thought ARB have a lot of gems in the top fifty.

>> No.55002172

>>54996600
search up seed signer

>> No.55002187

>>54996600
Imagine not using an open sourced piece of software on a wallet with nothing preinstalled

>t. Trezor user for 6 years

>> No.55002301

>>55002154
The AllianceBlock community is huge and Galileo is the first arbitrum startup project seeking for fund raising you should know what to expect. Do the math.

>> No.55003242

>>55001693
Why must it be MEXC, why not Binance, Coinbase or Uniswap? I don't use Mexc and will never use it cus it's shabby

>> No.55003275

>>54998308
>still using ledger
WAGMI. Still using double ledger but I'm shielded into Nexera protocol.

>> No.55003323

>>55003242
Maybe they are still waiting for for a legal framework. CZ will be a pajeet not to want to adopt something like this.

>> No.55003641

>>55000703
This development has really sold me on PMs being superior for bad goys. Fortunately thanks to link losing my ledger and its holdings would be a relief while losing my gold would seem apocalyptic.

>> No.55004016

>>55002114
We are in the era of autonomous and anonymous IDs. ZKP is just beginning to unravel new ideologies.

>> No.55005002

>>55002172
Fuck this shit. Who brought this idea?

>> No.55005069

>>55001790
Polygon ID and NexeraID are booming. They might be the next revolution. Or maybe not.

>> No.55006006
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55006006

>>55005069
none of them are compliant with financial institutions...except for one

>> No.55006442

>>54996600
Privacy wallets all day anyday. Wasabi or Railway wallet.

>> No.55006457

>>54996607
>>privacy enjoyers
YES and there are based privacy wallets, dont get it twisted.

>> No.55006497
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55006497

>>54996600
EVEN WORSE Ledger can SEND your seed fraze to themselves!!!!
>to back you up goyim, promise not to loot you

IT SHOULD NOT even be technically possible to extract the seed phrase in such a way, because it open it up to hacker extraction.
DUMP IT.

>> No.55006623

>>55006442
no, thats fucking dump, your seeds are saved on your PC, and they will get stolen and cracked. then your money is gone.

>> No.55006764

get an open source hardware wallet. if all hardware wallets in the market goes to trash buy a laptop, yank the network adapter, install electrum, note down the seed. there's your open source cold wallet.

>> No.55007331

>>55006764
Imo it's best to a have quantum resistant hardware wallet. But that tech isn't available yet but I am waiting for a quantum resistant blockchain that is on edge to go live by this year end to ensure top security.