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RE: Celebrating Good Business: 👌 Latest from Ledger! 👍
Nano X looks awesome and Ledger is a great company.
I have a NanoS and have written about it a couple of times. I even posted my thoughts about the NanoX.
I don't really need it because I already have another quality ledger hardware wallet with no issues in terms of functionality. I do have more coins 'on' than apps, but most of them I just hodl so uninstalling and reinstalling apps is a rare event.
I am not sure if ledger is the bestbcompantly because O haven't really experience ithers, but from what I see they are honest and open. Also they help people. Given their product, it seems a lot can go wrong, especially if you lose your word list.
Anyway let use know what it is like when you start using it.
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Nice to see you have written about Ledger yourself @abitcoinskeptic. I took the time to find the posts and read them. I noted you had a few items on your "Ledger Live Shortcomings," one of which I thought I would comment on:
I use [MyEhterWallet] for ETH, which fully supports both all ERC20 tokens, as well as security via my Ledger Nano S. You may want to check into it. As is the case here, there are a number of instances where the Ledger support is via a wallet. Not Ledger Live. Another example of this is the specific Ledger-linked wallet installation I wrote about in my Tech Aide: Added Security Steps for Downloading Open-Source Software post, written yesterday. You may find it of interest.
Like you, I can't comment on other hardware wallet options, as I have only ever used my Ledger Nano S. I liked the detail you put into your post on the Nano X. My number one reason for buying it was its ability to hold more applications. We'll see if it is anywhere close to the 100 claimed.
I like specifically the detail you mentioned on the bluetooth connectivity. I don't really need that, but don't know enough of the technical details to have been concerned with it. As I really don't need that feature, I wonder if it can be avoided altogether?
Overall, it appears we both have a favorable opinion of Ledger. In this whole new asset class, there is a lot of learning curve "pain" involved and improvements steadily appearing. I think it will be awhile before the slope of this learning curve begins to flatten out ...
Thank you for stopping by and adding value to this post @abitcoinskeptic. All the best to you for a better tomorrow!
Thank you for taking the time to look at my post. I added a sentence to clarify. My point was Ledger Live just shows Ethereum. Hopefully they will update one day. To be honest I have other portfolio trackers.
I think the point of them adding Bluetooth is to make it easy for cellphone users. Personally, I'd rather use a software wallet with a couple of hundred bucks in it.
This is not because I think it is easy to hack.
I'm just worried someone is going to be monitoring public addresses used at a local business. If someone comes in and makes a purchase for 0.01 btc but has 100 BTC in their wallet, or a similar idea with say Ethereum, then sits down to enjoy a meal or whatever, there is plenty of time to set up an armed robbery and you know they have the thing on them.
Obviously, there are ways to avoid it like dividing it up into two or three accounts and only funding them from an exchange wallet, but people are dumb. In otherwords, convenience and portability come with risks.
Certainly @abitcoinskeptic. Happy to do it. We can certainly all learn from each other. As I can from your response. Thank you for this additional detail.
We certainly are in agreement here. I don’t even want to be able to carry out crypto transactions on my phone. For the reasons you cite and more. I simply don’t trust it. Certainly not yet anyway. People generally (at least here in America …) are far too often ready to settle for the “Easy Button” solution. To almost any problem. While I don’t mind convenience myself, I am leery of the “cost” …
… just like you point out in your response here. Raises a great fundamental question. About the use of any “digital asset” for direct purchases …
To close, for now, I would imagine there is a story behind your account name. And I see you are in Korea. I welcome a link to learn more!
I think in general people are too trusting. One of the biggest problems banks and internet portals face is how to make something security without making it annoying or inconvenient. That's why I think it's better not to give anyone that trust, even if the security is rock solid, all your eggs in one basket so to speak.
Unfortunately, I don't have a blog that explains my entire story. I used to blog a little about cryptocurrencies when I first started here. Actually, it was during the bonanza of ICOs. I'm not saying I didn't make any mistakes or bad calls, but some of the stupidity made me keen to research for good and bad ones to notice what to avoid and how to spot the difference.
If it looks like a pyramid, well. That rule is supposedly obvious. I like to imagine I have a degree of experience and sophistication (I really don't).
To step it up, if I had to go with one rule, anyone who allows people to positively speculate but not negatively speculate while pretending they are offering a service and not security.... too many contradictions to be a good thing.
I'm skeptical because 90% ~ 99% of cryptocurrencies are [rightly] called junk. Also it doesn't even seem to matter if they are in the top 100 or the bottom 1000 (I'll admit it's not even).
Whether it is 9 in 10 or 99 in 100 is a matter of how optimistic you are. Who wouldn't want to be skeptical in this market?
Yes, we are generally in agreement @abitcoinskeptic ...
... as it is always prudent to diversify and not get involved with something you don't really understand. As a Business Analyst, I have been mostly "comfortable" (relatively speaking) with the idea of investing in this area, up to a certain level. It is all, ultimately, software and networking. Very sophisticated on both counts, but nonetheless ...
Overall, for this asset class, the best analogy I've read / heard is likening these "digital assets" to the auto industry early in American history. Soon after the invention of the car, there were many auto companies here. Over time, however, they went out of business until there were only three left.
But ... Those three changed the world ...
Wow. Seriously great conversation you're having here @roleerob :)
Yes @crypto.piotr, as committed, I did my part with the time I had available.
And you have honored your commitment, as well. Thank you!
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I love this little conversation you're having here @abitcoinskeptic
It's such a great product especially for people who want to keep their cryptographic assets safe.
Dear @abitcoinskeptic
Somehow I've missed your comment and I only had a chance to read it now.
Thx for always being so responsive :)
Cheers
Piotr