Trezor Hack - "Bro use Ledger"
Ledger Hack - "Bro use Coldcard"
Coldcard Hack - "Bro, go back to Trezor"
Maybe hardware wallets aren't so great after all?
Login to reply
Replies (31)
Foundation has a flawless record.
So far
I’ll never use one again. For me, it’s ETFs with diversified custodians and insurance. Screw it. Y’all do y’all.
They were good times, but I'd only etch these for close friends and family now
Love that you've still got the stock pic that Mike did all those years ago
I lost the .com daddy right after the boat fire in 2020, but I've still got the .co.uk version of the address
Do you trust yourself?
Oh cool. I just went to the UK domain and was surprised that there is a splash page on it.
Yes. But I have also spread my Bitcoin in different places
Bro use dice
Haha, yeah, I couldn't quite bring myself to let it go.
Honest question: what if Electrum (for whatever reason) produces a weak seed phrase, as the ColdCard did? How would you know?
Ohh sorry meant to post this to your previous post / article ;) My bad, same question though...
I'm sending my stash straight to Michael Saylor. He's much cleverer than me. He'll know what to do with it.
Not the same, but you do you, fren.
I was just thinking diversification between many manufacturers, open and closed source wallets might be the answer for many. Strong passphrase? dice rolling? that's not for most 🥺
Or go back to an exchange
Trezor was the first and it's codebase as a lot of 👀 on it
It was all just companies bad mouth their competitors to take away market share from them
If your only copy of your seed is stored in a secure element on a hardware wallet, you are seriously, seriously fucked.
By that logic….”if you hit yourself in the head with a hammer hard over and over you are seriously fcked” 🤪
Or, “if you jump out of a plane without a parachute you are seriously fcked”
The only “hardware device” problem in all 3 of these statements is the human brain making the decisions.
OUR security protocols (ALL of them) are upto US.
This applies far beyond Bitcoin and cold storage.
Hardware wallets are convenience devices.
Hardware wallets are not able to improve your security.
The most secure you can be is having a fireproof stamped-in-steel multisig keyset geographically distributed.
Spending your cold storage shouldn't be convenient.
L2 is for day-to-day spending, and right now, the best option is lightning, and if you don't want to self-custody your lightning wallet, run one with an LSP that provides some guarantees like reimbursement insurance.
Self-custody is hard. If you aren't up for it, trust coinbase with your bitcoin.
In any case, buy insurance if you're worried.
Nothing you are saying is incorrect.
But you are missing the “elephant in the room” here.
WHERE DID THE SEED PHRASE/ENTROPY YOU ARE STAMPING COME FROM?!?!?
A “trusted 3rd party”? Or YOU?!?!?
I still really like @Foundation's Passport (especially the prime) but the case for a simple @SeedSigner + metal setup just became incredibly strong.
View quoted note →
I would have argued the same about CC just a week ago.
We need to rethink what we trust.
That's why FOSS code is so important
Nothing significant has ever happened w Trezor. If everyone would’ve just been using the Trezor model one all this time we wouldn’t be having any of these current issues lol
u r only one CLEAN in NOSTR
rest of many npub ASSHOLES still BARKING about how move next hardware or next exit scam
Electrum has been around since 2011. It is:
* open source
* deterministic
* reproducible
* widely reviewed
* independently used by many Bitcoin users
The seed algorithm is documented.
You can recreate the wallet from:
* the seed phrase
* the derivation path
* the wallet type
There is no proprietary hardware layer and Electrum seeds are not BIP39 by default.
Fortunately I don't deal with seeds. Only keys.
Use bitbox 02