š Details about Ledger Brand HardWallet Trap Update
- https://twitter.com/sethforprivacy/status/1658544658761277447
- https://www.nobsbitcoin.com/ledger-to-launch-kyc-cloud-based-recovery-service/
- https://twitter.com/bitdov/status/1658398632654036992
- https://ct.com/blx3
šÆ Considerations:
- Rule 1: "Don't Trust, Verify."
- Rule 2: "Not your keys. Not your bitcoin."
ā”ļø Basic requirements of any development or solution for #bitcoin against confiscation, censors and/or manipulators in issuing coins:
1. Open Source - Transparency and Audit.
2. Privacy - Protection of your data (TOR Enabled) or No KYC.
3. Self-Custody - Possession of your private keys.
ā If you don't meet any of these requirements. GET OUT!
ā Important detail: Storage devices (hardwallets - cold wallets, HotWallets - hot wallets for smartphones, ColdWallet - pendrive or PaperWallet) are to facilitate the handling of bitcoin transfers.
Each one has, has its purpose of use according to its purpose. However, none of them is needed in an emergency (Leaving City/Country with nothing). Just have the private key decorated (Backup) and then restore it on one of the devices mentioned above. Therefore, the importance of which one really preserves your privacy and possession of your keys.
š #bitcoin was made for your possession. Never, leave it with third parties.
The #bitcoin Open Source provides all the tools for your autonomy, whether as a developer or user (Do it yourself). You are the manager of your own bank.
Define your goals and choose wallets correctly. See Here (https://t.me/TutorialBTC/2646).
Do you want to formalize an inheritance for your descendants? It has the multisig. Some wallets like Electron already have it available. Depending on the size of your equity, consult a trusted accountant/lawyer familiar with multisig to formalize it correctly.
Particularly, I DO NOT RECOMMEND any branded hardwallet that does not meet these minimum requirements.
I recommend making your own Coldwallet, be it a USB stick or an exclusive smartphone with tails, including multisig, if you prefer. Other devices like Jade; SeedSigners and Passport;. Tutorial, See Here (https://t.me/TutorialBTC/2093).
Ex. You can use Wallet Electron (On Chain and LN) or Samourai (On Chain) (https://t.me/TutorialBTC/532) and StackWallet (https://t.me/TutorialBTC/7615) for other cryptos. (All are Open Source). And use another smartphone with internet, just to view the balance. Detail: Smartefone Offline makes it very easy when signing the transaction (Authorize withdrawal). Excellent security measure against burglary/theft.
š I don't have time or need to keep high volume in a cold wallet, the only one recommended by bitcoiners is MK3 or MK4 (latest release). See Here (https://t.me/TutorialBTC/532).
In addition, care for the security and possession of your private keys. Research the correct way and practice.
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[Published in Portuguese] https://t.me/TutorialBTC/7975
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