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29977864 No.29977864 [Reply] [Original]

Have to pair my Ledger (closed source program) to my phone. Ya this shit stinks.

How do I know they don't allow the ledger app to steal the pass phrase or if they didn't alter the encryption for their own needs

>> No.29977965

cause if any important information was leaked at the fault of the company it would go out of business.

oh wait

>> No.29978135

>>29977864
Get AirGap instead.

>> No.29978580
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29978580

The ledger acts like a black box that only authenticates. The keys never leave it except for when you copied them. If your unit detects tampering it wipes itself. People shot on ledger but I wohldnt buy anyother wallet personally.

>> No.29978888

>>29977864
the app is open source, only some hardware chip isn't for security reasons (you trust the manufacturer, and you always need to in any hardware wallet, including 100% open source hw)

>> No.29979042

>>29977864
The passphrase doesn't do shit - they would need to steal your seed phrase to spend your coins

the ledger doesn't broadcast the seed phrase - thats literally why we buy hardware wallets

>> No.29979451

>>29978580
Except that the company keeps a backup of your passphrase and all your personal information. Hope they don't get hacked.