Does this shit really has a back door?

all hardware is compromised

It's not open source of course it has a backdoor duh

>encrypted keys files stored in encrypted USB drives.

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It does, I used mine to lock my prices in December, but someone hacked it and reset them to global market average

Buy it straight from Ledger and you are fine. I don't even know if I would trust an authorized distributor for this.

>he didn't use a double price lock.

how did people lock in prices? i saw other anons talking about this in feburay telling others to lock them in but i was too brainlet to even buy a ledger

github.com/LedgerHQ/ledgerjs
Kys

I would like to know this too

that's trezor hardware wallet
we are talking about ledger nano hardware wallet which doesn't have a price lock

You should also kys, even if this is bait. That goes double if it's not bait.

this

idk why anyone would buy any other hardware wallet that doesn't have the price lock feature.

Are you fucking serious? What is the disadvantage to having two layers of encryption v. one?

kek

They cancel each other out duh
If you're this autistic about it (nothing wrong with that) i imagine you generated your keys offline as well?

trezor gang report in

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Yep. As is any cpu after 2002, thanks NSA. Just read the cache directly, so encryption doesn't matter, the can see everything at runtime. Possibly earlier than that.

That's why you always print it, the moment the ink hits the paper it's locked in. No need for fancy hardware here except for double locking with nano+trezor

Let's say you piece of shit find my USB drive.
You open it and find my keys.
They're encrypted so 99,99% you won't do much with them.
Imagine the USB drive is encrypted too. You can only use it as paperweight.

Not if you price lock it, then your coins are safe

So we should use pre 9-11 computers for privacy

it do got a big back door and ive hacked several even remotely. thanks for the free monies frens!

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>Intel chips
>Alphabet Inc.
they are even hiding it

I would never hold large amounts of crypto on some piece of shit electronic device for any length of time.

*aren't

or let's say you plug the USB drive into the computer, you decrypt your keys to get to your wallet and that virus you have on your computer from all that dodgy porn you watch sends it straight to some Russians
get a fucking hardware wallet

No. I find your USB drive and hack the firmware to become a keylogger (very very easy). Then you put it in your PC and enter your keyphrase.

Boom, all your linkies are gone.

With a hardware wallet even a virus on your computer can't access the private keys. That's why encryption isn't sufficient to safeguard your keys.

The generation algo is closed source. Ledger probably knows everyone's address algorithmically

when you this much of a brainlet to understand how algos work
they all can be brute forced it's just how long it takes
you could leave a super computer for 10 years trying to brute force someone's RSA key from their public key if you want, you'll get there eventually

That's why you can just take your seed phrase and enter it into any other wallet and it'll work amirite.

The implementation is closed source. The algo itself is standard.

Based.

>With a hardware wallet even a virus on your computer can't access the private keys
Nobody at ledger needs access to your private keys because they are in control of the entropy you use. They already know your keys and can clean your funds out at any time they want. How is this possible? You said it yourself here:
>The implementation is closed source.

Entropy is only needed for the seed phrase. You're free to choose your own randomness for the seed phrase or generate it from any other app.

After that, key generation is deterministic. Your seed phrase is ALL your private keys at once. It doesn't matter if the implementation is closed source. It still generates the same keys as any other implementation, and needs no further entropy for it.

Trezor has the lock in feature in the beta firmware build now btw.

i store over 70k link on binance, no google authenticator, fight me niggers!!!!

That's a good strategy.

But what do you do when you want to send your coins?

>chainlink
>keeping anything on an exchange after mt. Gox
Brainlet detected

What a waste holding that much money. Even if LINK moons, you will never make as much money as you could have.

Do you even BIP 39 or BIP 44, bro? Jesus Christ fucking brainlets.

>he still thinks that LINK will have a nonzero value if binance gets hacked

if binance goes down you'll be able to replace your whole stack for a couple pennies either way so binance is def the safest option

either avoid all hardware wallets, or buy ledger nanos only. trezor's are fundamentally insecure by design, where the only user benefit is that the user can if they want build one themselves, which is the only secure way to get and use a trezor. keepkey is just a shitty ripoff of trezor.

all the other wallets have fundamentally broken designs, either no display for recovering/generating words/passwords, or being force paired to another device to generate them.

your only real security options are separate brand new offline only by hardware modification laptop/computer, a ledger nano, an iphone (with secure element), or just a plain desktop wallet.

this faggot will teach you user
youtube.com/watch?v=-ZezumEosMI

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I use a Mac to do these kind of stuff, usually.
Or a Windows PC with Avira and Malwarebytes, I know it's not 100% safe but at least I don't use it for stupid shits like downloading pirated games like I think most of the kids here have no clue doing it.

>he thinks link is anything more than a Jow Forums meme
>he thinks some chink exchange like binance is worth trusting
>he thinks said chink exchange is better at storing his erc20 meme token than he is
Maybe you should just leave your coins on Binance.

Its a stick. Made of plastic.. I see no doors on this.. Now that hot chink dude with the busty ass I saw yesterday.. Now he had a backdoor I'd hack all night.. With my stick

Its trezor, the limited edition ones got a price lock.

Go on..

>Holochain still looks good
>Zilliqa might pull it off
>RChain is unironically "strong devs, great project sirs" except they are insolvent and blew all their money on stupid shit rather than focus on development. If they manage to sort out their finances and deliver mainnet I expect it to do very well
>Constellation seems to be in the same situation as RChain but whatever is going on with them is all speculation because they basically ghosted on the community
>FOAM is looking good but will be a few years before it's worth anything, if ever
>Oasis Labs and Dfinity would be good picks if they weren't blatant VC moneygrabs
>Tauchain is a coin toss, who the fuck knows but I'm holding that shit forever
Anything else I'm waiting to hit the market before I can shill it.

how do you securely generate them?

OP.

A hardware wallet can only ever be "hacked" with physical access to the device.

So if someone steals your paper wallet. You're straight fucked.

If someone steals your ledger..they'd also need "extreme l33t hacking skills".

So your question doesn't even matter as far as security is concerned.

does OP really is a faggot?
or is it just a meme created by niggers?