TL;DR über die gesamte Ledger Recovery Situation

About self-custody recovery/backup solutions 100% offline, take a look at the relationship between BIP39 and BIP85. You can retrieve all your child phrases based on your master seed phrase. You can use passphrase as well then use child phrases on any mobile/hardware wallet you feel comfortable with.

AirGap Vault (BIP85): https://youtu.be/JVuURYQkhxg and https://support.airgap.it/guides/bip85/

Coldcard (BIP85): https://bip85.com/ and https://youtu.be/cRRB_WzZpTM

Blockstream Jade (BIP85): https://help.blockstream.com/hc/en-us/articles/15844055048857-How-do-I-generate-a-child-recovery-phrase-using-BIP85-

SeedSigner (BIP85): https://seedsigner.com/ Release 0.6.0 = https://github.com/SeedSigner/seedsigner/releases/

The page of the BIP39 Tool of Ian Coleman saved on a USB Drive with Tails offline: https://iancoleman.io/bip39/ then check the box “Show BIP85” + https://tails.boum.org/install/download/index.en.html

In that way, if you like your HWW, you can use it with one of your child phrase so if one child phrase is compromised all your assets are not.

As the trust about frimeware is the same concern with all brands, my main point is to think about finding a way to keep your HWW while being free to use other HWWs and never need to expose you master seed phrase + passphrase in your life.

I still think Ledger is a good wallet but I’ve lost faith so I use child phrases and dilute the security risks in other brands.

Segregated wallets allow us to NOT rely on a single brand… without having to mess around with too many recovery backups.

Also for long term “Cryptoasset Inheritance Planning: A Simple Guide for Owners” by Pamela Morgan is a must have. https://www.amazon.com/Cryptoasset-Inheritance-Planning-Simple-Owners/dp/1947910116
This book is amazing!

Idk learning from this whole situation makes me believe that hardware wallets regardless of which one are not 100% safe even if you do everything correct in your end

Another wallet maker suggests moving away from a competitors wallet.

shocked.

Do you mean a competitor to ledger has a hot take on Ledger’s state of affairs. I’m still reserving judgment all things considered.

Remember that even though the guy has everyone’s best interests in mind, he might be a bit biased.

Very interesting, especially the last bit.
Encrypted sharded seed will NOT be recoverable by any other services/software/h.wallets except ledger.
So if you select the ledger recovery and do not at the same time make a copy of your seed, if anything happens, you will have to rely entirely on the ledger.
It is true that it is sharded within 3 companies, BUT it can only be decrypted by a ledger.

For the ledger team: guys… this is NOT the way.

Branch into 2 versions of the firmware.

One version cannot be removed, updated or accessed after install.

The other has the recovery option baked in.

If I was Ledger, my software people would be writing this over the weekend and I would be announcing it Monday

Is this just another bump in the road?

It’s the “let me tell you why my wallet is better” guy. I’ll keep my Ledger and you can buy the china wallet with no partnerships that will never compete with Ledger.

And why we should move away? What about not subscribing to their service?

Where we going fam

They already have all our seeds in their bag, even before this firmware, not trusting ledger

Just bought a keystone pro!

Wait, it spilts the seed phrase into shamir pieces? Do you need to have a completely new seed phrase for that? I think they are encrypting the original seed and then dividing it into three pieces.

But thats a chinese product. No way in hell im gonna trust china.

tldr; OP has no idea how HD hw wallets or firmware work.

go have fun learning mathematics, cryptography, engineering, coding and I hope your entropy is qualitatively good good luck ser