This is like seeing how phones releases new model each year with features that aren't really necessary... I guess good job to them for another source of money?Sounds like a yes, expect this new release will have limited software updates for at least 2 years just like Apple usually did. A device that only good for few years or maybe least since this is just a smaller device.
Their slogan is "The world’s first ever secure touchscreen" so they admit that their past touchscreen device is not secured, the Blue and Stax, idk if there are still others lol.
A result of commercialization eh? This is like seeing how phones releases new model each year with features that aren't really necessary.
Hardware wallet maker Ledger unveiled its new Ledger Flex device at the Bitcoin 2024 conference in Nashville.It will not be a surprise if the wallet is having close source secure electrum and also able to let users send their seed phrase to their parties which is online. A seed phrase that should not leave the device. Also it will not be a surprise if the wallet will evade their users privacy as usual. If I have to use a wallet, I can never use Ledger Nano. If it is the only wallet that is existing, I will never use a hardware wallet.
Makes me wonder how much profit do they actually make from selling stuff like this. Is their reputation really worth the cost to focus on mainstream devices instead of focusing on key consumer like HW enthusiast, who will likely continue to buy/research about HW instead?
Then again this is nothing new. So many companies produces terrible products, especially after they went public. Not sure what's the reason for Ledger though.
Makes me wonder how much profit do they actually make from selling stuff like this. Is their reputation really worth the cost to focus on mainstream devices instead of focusing on key consumer like HW enthusiast, who will likely continue to buy/research about HW instead?
Then again this is nothing new. So many companies produces terrible products, especially after they went public. Not sure what's the reason for Ledger though.
After the scandal with the leakage of a huge amount of personal data of users (which their CEO calls trivial) and the idea to enable the extraction of seeds in order to recover with the help of third parties, I don't know who would think of buying their product.There are still loads of new people coming into crypto every day who have no idea about the issues with Ledger. However, somehow they've heard about it, and there are even those who know all about it but still trust them. So, I'm pretty sure Ledger is doing just fine.
Another closed source flex junk coming from ledger and they didn't even deliver most of the pre-ordered ledger stax devices ::)When Trezor Safe 3 was not yet out, people were saying it is not possible to have open source secure element because most hardware wallets have close source or semi close source secure elements. Now Trezor made Trezor Safe 3 to have open source secure element. Also the coming Safe 5 will have open source secure element. Ledger Nano has been fooling people since many years ago. Even I remember a time when Bitcointalk users still recommended Ledger wallets until the company grow from worse to worst.
~snip~
I like my ledger because it is small, compact, fit everywhere in every pocket and etc. Now I must carry basically "two phones" with me. No, thank you.
~snip~
I like my ledger because it is small, compact, fit everywhere in every pocket and etc. Now I must carry basically "two phones" with me. No, thank you.
It's true that Ledger promoted its model X as a "wallet on the go" because it has a bluetooth and can simply be wirelessly connected to a smartphone, but I've never felt that such devices should be carried around because they can attract someone's attention.
Of course, the most popular Ledger models look like a USB stick, so that's a certain advantage for them - but I don't prefer public use of such devices because I feel quite safe with a hot wallet on a smartphone with some amount that isn't too valuable to give me a headache if I "lose" it.
When Trezor Safe 3 was not yet out, people were saying it is not possible to have open source secure element because most hardware wallets have close source or semi close source secure elements. Now Trezor made Trezor Safe 3 to have open source secure element. Also the coming Safe 5 will have open source secure element. Ledger Nano has been fooling people since many years ago. Even I remember a time when Bitcointalk users still recommended Ledger wallets until the company grow from worse to worst.Source code for new trezor devices can be inspected but you can't change or update it.
I carry that "usb stick" all the time in my bag (just in case). That aluminum case protects greatly plastic device. Even if it is on the table, it does not attract any attention. Everyone saw "usb stick" nowadays.Aren't you even a little bit afraid that someone might actually figure out that its not just an ordinary USB stick but instead the hardware wallet? I mean, it does look like just another USB stick, but given its popularity someone might recognzie it and attempt $5 wrench attack.
You can encrypt the USB stick or encrypt the seed phrase or private key that you have in it. But I think it is more like a paper wallet and not what you can easily be using for making transaction daily. I prefer to have some coins on my mobile phone which is also protected with my experience in avoiding malware.I carry that "usb stick" all the time in my bag (just in case). That aluminum case protects greatly plastic device. Even if it is on the table, it does not attract any attention. Everyone saw "usb stick" nowadays.Aren't you even a little bit afraid that someone might actually figure out that its not just an ordinary USB stick but instead the hardware wallet? I mean, it does look like just another USB stick, but given its popularity someone might recognzie it and attempt $5 wrench attack.
Chances of that happening are of course slim but they do exist and I personally wouldn't feel safe carrying my hardware wallet around. At least not the main one.
~snip~
Chances of that happening are of course slim but they do exist and I personally wouldn't feel safe carrying my hardware wallet around. At least not the main one.
I carry that "usb stick" all the time in my bag (just in case). That aluminum case protects greatly plastic device. Even if it is on the table, it does not attract any attention. Everyone saw "usb stick" nowadays.Aren't you even a little bit afraid that someone might actually figure out that its not just an ordinary USB stick but instead the hardware wallet? I mean, it does look like just another USB stick, but given its popularity someone might recognzie it and attempt $5 wrench attack.
Chances of that happening are of course slim but they do exist and I personally wouldn't feel safe carrying my hardware wallet around. At least not the main one.
I have really huge doubts that someone will try to rob me on purpose to get ledger nano and torture me to get a pin code.I understand that crypto is niche in some countries, but personally I'd not risk it. Buying a product like this flex device or whatever Ledger will release in the future is inviting more risk with no reason at all. I think think can change quickly. Even in my city where most people are not up to date with crypto, when you mention Bitcoin or something similar there's a higher chance that some of them know little about it compared to a few years ago.
I have really huge doubts that someone will try to rob me on purpose to get ledger nano and torture me to get a pin code.I understand that crypto is niche in some countries, but personally I'd not risk it. Buying a product like this flex device or whatever Ledger will release in the future is inviting more risk with no reason at all. I think think can change quickly. Even in my city where most people are not up to date with crypto, when you mention Bitcoin or something similar there's a higher chance that some of them know little about it compared to a few years ago.