dr.fred on Nostr: why ? 6 million use ledger no hack, no backdoor in 8 years 1 million uses trezor can ...
why ?
6 million use ledger
no hack, no backdoor in 8 years
1 million uses trezor
can be hacked in half an hour
other wallets few hundred thousand sales
cannot be trusted
opensource is easier to attack
coldcard for example has a proprietary secure element where your seed is stored
same for bitbox, has a proprietary secure element
you have to trust a proprietary element.
70 million still use centralized exchanges. the safest, most secure alternative is a multisig wallet. multisig means lots of points of error, to make it really safe you need to depend on other people or companies in a different location. multisig multiplies already sky high bitcoin fees plus fees for the other parties involved.
for the average person ledger is the safest device. because of their track record. finally there is always someone or something you need to trust, which you cannot verify.
6 million use ledger
no hack, no backdoor in 8 years
1 million uses trezor
can be hacked in half an hour
other wallets few hundred thousand sales
cannot be trusted
opensource is easier to attack
coldcard for example has a proprietary secure element where your seed is stored
same for bitbox, has a proprietary secure element
you have to trust a proprietary element.
70 million still use centralized exchanges. the safest, most secure alternative is a multisig wallet. multisig means lots of points of error, to make it really safe you need to depend on other people or companies in a different location. multisig multiplies already sky high bitcoin fees plus fees for the other parties involved.
for the average person ledger is the safest device. because of their track record. finally there is always someone or something you need to trust, which you cannot verify.