7Bluerabbits on Nostr: Sparrow -on its own- used as a hot wallet is no safer than any other hot wallet ...
Sparrow -on its own- used as a hot wallet is no safer than any other hot wallet because the Private Keys are stored on a computer connected to the internet.
Hardware wallets are considered safe(er) .The keys are on the hardware wallet cannot leave the device. Or that’s what we thought. Ledger announced it would be offering 3rd party key storage as a service. After previously denying it was even possible to export them.
Ledger live “could” be exporting the keys, or “could” force a firmware up grade that could export the PKs, but as it’s not Fully Open Source nobody can verify this. Unlike Cold card.
What if the government walked into Ledger head office and mandated exposing all Private Keys ?
Well now we don’t have to use Ledger Live - Sparrow (& others) can interact with Ledger hardware wallet without a forcing firmware upgrade.
(Ledger meets Cold card shootout)
What Bitcoin did - Ledger Recover with Pascal Gauthier, NVK, Matt Odell & Harry Sudock
https://youtu.be/M3VjQUcyZSY?feature=shared
Hardware wallets are considered safe(er) .The keys are on the hardware wallet cannot leave the device. Or that’s what we thought. Ledger announced it would be offering 3rd party key storage as a service. After previously denying it was even possible to export them.
Ledger live “could” be exporting the keys, or “could” force a firmware up grade that could export the PKs, but as it’s not Fully Open Source nobody can verify this. Unlike Cold card.
What if the government walked into Ledger head office and mandated exposing all Private Keys ?
Well now we don’t have to use Ledger Live - Sparrow (& others) can interact with Ledger hardware wallet without a forcing firmware upgrade.
(Ledger meets Cold card shootout)
What Bitcoin did - Ledger Recover with Pascal Gauthier, NVK, Matt Odell & Harry Sudock
https://youtu.be/M3VjQUcyZSY?feature=shared