Antwort auf: Ledger CTO Interview über Recover
You know what’s wild to me is that I had just started looking for a cold wallet for my crypto last week and Ledger seemed like the unanimous choice among the community. It’s the first result on Amazon, lots of well-known tech YouTubers have made videos about it, this sub had a lot of active users. I was basically sold on getting one and was just doing some due diligence to figure out which one.
I’m glad I held off.
The entire idea behind crypto is that no government or centralized agency should have any possibility of seizing or otherwise having insight into one’s digital assets. With the introduction of „Recover,“ as recognized by the CEO, a government agency will just „need Ledger to comply with an investigation“ to force Ledger to hand over the information they have. Even in a perfect world, giving the current leadership the benefit of the doubt that their intentions are truly good, the decision to introduce Recover makes the possibility of a seed phrase breach non-zero. If/when a new CEO takes over, that likelihood changes.