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r/BitcoinSee Post

Show me me what you read and I'll tell you who you are 😎

r/CryptoCurrencySee Post

How decentralized is Bitcoin really?

r/CryptoMoonShotsSee Post

Stop the BS, AMAZON is making a COIN and that is the REAL DEAL

r/CryptoCurrencySee Post

As early as 2011 Bitcoin Talk user Casascius was selling 100 BTC Gold Bars with the private key in them.The 100 BTC bars are worth $2,702,250 USD today. On November 29th, 2011 a 100 BTC bar would have cost you roughly 108.50 BTC ($277 USD).

r/CryptoCurrencySee Post

As early as 2011 Bitcoin Talk user Casascius sold 100 BTC gold bars with the private key in them. The 100 BTC bars are worth over $2,702,250 USD today. On November 29th, 2011 a 100 BTC bar would have cost you roughly 108.50 BTC ($277 USD).

r/CryptoCurrencySee Post

TIL in 2011 Bitcoin Talk user Casascius was selling 100 BTC gold plated bars with private keys in them. The 100 BTC bars are worth over $2,702,250 USD today. On November 29th, 2011 a 100 BTC bar would have cost you roughly 108.50 BTC ($277 USD).

r/CryptoCurrencySee Post

How well do you know your crypto fundamentals? TIL that you can take a free crypto course offered by MIT. The best part is Gary Gensler (yeah the guy we don't like in crypto right now) teaches the course titled: "Blockchain & Money".

r/CryptoCurrencySee Post

How well do you know your crypto fundamentals? TIL that you can take a free crypto course offered by MIT. The best part is Gary Gensler (yeah the guy we don’t like in crypto right now) teaches the course titled: “Blockchain & Money”.

r/CryptoCurrencySee Post

Reddit and its new Gold rush! Today Reddit announced two new features (that pay you). Reddit Gold & The Reddit Contributor Program. What does this mean for Moons/RCPS?

r/CryptoCurrencySee Post

TIL Trevor Lawrence (No.1 Overall NFL Pick in 2021) invested his entire signing bonus of $22M into ETH/BTC/and other Crypto. He partnered with Blockfolio which later became FTX to store his crypto. Hindsight is always 20/20.

r/CryptoCurrencySee Post

TIL Trevor Lawrence (No.1 Overall NFL Pick in 2021) invested his entire signing bonus of $22M into ETH/BTC/and other Crypto. He partnered with Blockfolio which later became FTX to store his crypto. Hindsight is always 20/20.

r/CryptoCurrencySee Post

Would you buy a crypto ETF that paid out a monthly dividend? Because they exist!

r/CryptoCurrencySee Post

Would you buy a BTC/ETH ETF that paid out a dividend? Because they exist!

r/CryptoCurrencySee Post

TIL Trevor Lawrence (No.1 Overall NFL Pick in 2021) invested his entire signing bonus of $22M into ETH/BTC/and other Crypto. He partnered with Blockfolio which later became FTX to store his crypto. Hindsight is always 20/20.

r/CryptoCurrencySee Post

TIL Trevor Lawrence (No.1 Overall NFL Pick in 2021) invested his entire signing bonus of $22M into ETH/BTC/and other Crypto. He partnered with Blockfolio which later became FTX to store his crypto. Hindsight is always 20/20.

r/CryptoCurrencySee Post

Google Authenticator Cloud Sync responsible for $15M Fortress Trust hack! Hacker deep faked an employees voice as well.

r/CryptoCurrencySee Post

TIL Trevor Lawrence (No.1 Overall NFL Pick in 2021) invested his entire signing bonus of $22M into ETH/BTC/and other Crypto. He partnered with Blockfolio which later became FTX to store his crypto. Hindsight is always 20/20.

r/CryptoCurrencySee Post

TIL Trevor Lawrence (No.1 Overall NFL Pick in 2021) invested his entire signing bonus of $22M into ETH/BTC/and other Crypto. He partnered with Blockfolio which later became FTX to store his crypto. Hindsight is always 20/20.

r/CryptoCurrencySee Post

Gary Gensler & The SEC have no problem going after your favorite crypto/exchange. BUT it has been 247 days since Logan Paul admitted his $1.8M CryptoZoo scam, he gets to walk around free without punishment from the SEC.

r/CryptoCurrencySee Post

Bary Silbert Founder of DCG (Digital Currency Group) with an AUM of $50 BILLION. He also created the first "publically traded" BTC investment fund! BUT he's also the CEO of the parent company to Genesis the now bankrupt crypto company.

r/CryptoCurrencySee Post

TIL about Bary Silbert Founder of DCG (Digital Currency Group) with an AUM of $50 BILLION. He also created the first "publically traded" BTC investment fund! BUT he's also the CEO of the parent company to Genesis, the now bankrupt crypto company.

r/CryptoCurrencySee Post

TIL about Bary Silbert Founder of DCG (Digital Currency Group) with an AUM of $50 BILLION. He also created the first "publically traded" BTC investment fund! BUT he's also the CEO of the parent company to Genesis, the now bankrupt crypto company.

r/CryptoCurrencySee Post

The last of Ledger's co-founders to hold an operational position is leaving. Good riddance.

r/CryptoCurrencySee Post

A Bitcoin Obituary - 10 notable Bitcoin 'Deaths' in 2010-2013

r/CryptoCurrencySee Post

A Bitcoin Obituary - 10 notable Bitcoin 'Deaths' in 2010-2013

r/CryptoCurrencySee Post

A Bitcoin Obituary - 10 notable Bitcoin 'Deaths' in 2010-2013

r/CryptoCurrencySee Post

Is Satoshi Nakamoto’s Unknown Identity Good or Bad

r/CryptoCurrencySee Post

TLDR: Major Crypto News This Week🚨

r/CryptoCurrencySee Post

Spectrum Finance, Cardano's first FULLY OPEN SOURCE DEX has gone live! This is a huge accomplishment for Cardano DeFi! Open source really should be a DeFi standard!

r/BitcoinSee Post

MARKET NEWS UPDATE (10 JULY 2023)

r/CryptoCurrencySee Post

Ledger claiming to be Open Source? "WE ARE OPEN SOURCE AND DEVELOPER-FRIENDLY"

r/CryptoCurrencySee Post

What was the last version number of Ledger firmware with NO key extraction code of any kind?

r/CryptoMarketsSee Post

Telos Announces Strategic Collaboration with GameStop to Expand Web3 Gaming

r/CryptoCurrencySee Post

The Questions Ledger Owes Us Answers To

r/BitcoinSee Post

The FIAT Money was Design for Debasement your Purchasing Power 💡

r/CryptoCurrencySee Post

Ledger Confirms Their Hardware Wallets Have A Backdoor To Send A User's Seed To Companies, Over The Internet

r/CryptoCurrencySee Post

The price action of the last few days reminds me of what I would see in late 2020 and early 2021! There are simply no sellers left. They literally all sold sub 25k! So what we're seeing now is spot demand flooding in, and small gyrations from leverage apes whipsawing.

r/CryptoCurrencySee Post

Silicon Valley Bank moment explained

r/CryptoCurrencySee Post

Ethereum Censorship

r/CryptoCurrencySee Post

Brazil's Central Bank to Launch Digital Currency Pilot Project with Payments Made through Digital Contracts (CNN)

r/CryptoCurrencySee Post

An Open Letter to Charles Hoskinson (a post that was censored by the mods of the Cardano subreddit and discussion threads)

r/CryptoCurrencySee Post

A technical deep dive into 2 biggest PoS networks Ethereum and Cardano: comparing protocols and liquid staking given the recent SEC action against Kraken (3rd largest ETH validator)

r/CryptoCurrencySee Post

Cardano does not have USDT and USDC because it adheres to the principles of decentralization at the protocol design level and does not allow token issuers to censor transactions. Ethereum/Polygon/EVM USDT & USDC solidity contracts can freeze your funds and zero out your balance.

r/CryptoCurrencySee Post

The ANTI-SHILL post for POLYGON. Why the project could fail, and how the data and sentiment tells that story.

r/CryptoCurrencySee Post

The ANTI-SHILL post for COSMOS. Why the project could fail, and how the data tells that story.

r/CryptoCurrencySee Post

The best summary of what happened and how to solve this mess going forward!

r/CryptoCurrencySee Post

Satoshi created Bitcoin network to eliminate the need for trusted 3rd parties while in the recent years we gave BTC to "trusted" 3rd parties so that they can steal our BTC! EDUCATIONAL POST ON CEXes, INFLUENCERS, CHEATING and RED FLAGS! Buckle up moonbois, here's free schooling on recent events !

r/BitcoinSee Post

COINSOURCE BTC MACHINE ARE SCAM FRAUD DO NOT USE PROOF screens

r/CryptoCurrencySee Post

Attention to all so-called "crypto influencers": profiting from shilling crypto assets online, without disclosing this to your audience, will be considered market manipulation by the European Union under the new MiCA Regulation!

r/BitcoinSee Post

Bored Ape x Yuga Labs | UPDATE!

r/CryptoCurrencySee Post

Multiplayer Soccer P2E Blockchain Game Source Code ( NFTArea Project Update )

r/CryptoCurrencySee Post

Latvian NFT artist faces 12 years in jail over ‘money laundering’, €8.7 million art earnings frozen

r/BitcoinSee Post

Greed is a diagnosis...

r/CryptoMoonShotsSee Post

$DKYC (Don’t KYC) | DCash Launch Event | Spend BUSD from Any Source as Cash* | 10k+ Holders | $5M+MC | Extensive Roadmap | Outperforming BNB

r/BitcoinSee Post

Lets create a bitcoin price index! Based on the best spot exchanges only. Say goodbye to most of the manipulation.

r/CryptoCurrencySee Post

Reuters Investigate has found that in the last five years, Binance served as a middleman for the laundering of at least $2.35 billion from hacks, investments frauds and illegal drug sales

r/CryptoCurrencySee Post

A 2005 Yale study taught monkeys how to use money

r/CryptoCurrencySee Post

In the past 24 hours, $420.69 million longs were liquidated

r/CryptoMoonShotsSee Post

BETTA - an automatic reflection token that eliminates Safemoon's broken "add liquidity" event. BETTA's revolutionary tokenomics feature no staking, no inflation, a fixed supply & deflation! 5% tax on all transactions - 3% burned, 2% reflections. All-inclusive NFTs & metaverse project coming soon!

r/CryptoMoonShotsSee Post

Dobermen Club House - Nft + Sneaker each product is connected to a good cause action item that matches the NFT theme

r/CryptoCurrencySee Post

Quantum computer solves Bitcoin's algorithm for the first time in history, BTC drops 20% in minutes

r/CryptoCurrencySee Post

BlackRock CEO, who once labelled Bitcoin an ‘index of money laundering’, is changing his tune on crypto

r/BitcoinSee Post

BlackRock CEO, who once labelled Bitcoin an ‘index of money laundering’, is changing his tune on crypto

r/CryptoCurrencySee Post

BlackRock CEO, who once labelled Bitcoin an ‘index of money laundering’, is changing his tune on crypto

r/CryptoCurrencySee Post

UKRAINE: Let's block ALL Russian crypto exchange accounts

r/CryptoCurrencySee Post

From Libra to Diem, and now Aptos, the former Facebook stablecoin project refuses to die

r/CryptoCurrencySee Post

Billionaire, Charlie Munger is calling crypto "some venereal disease or something"

r/CryptoCurrencySee Post

I present to you The Concordium Foundation

r/CryptoCurrencySee Post

Hedera is now OPEN SOURCE

r/CryptoCurrencySee Post

What would a Government owned Decentralized Applications (DApps), DeFi look like in 2022!

r/CryptoCurrencySee Post

⚠ WARNING: If you consider to contribute to Polkadot's crowdloans you should know that parallel.fi has serious issues with token distribution!

r/CryptoCurrencySee Post

Warning: Do not use parallel.fi to contribute to Polkadot's crowdloans. They have serious issues with token distribution.

r/BitcoinSee Post

Crypto portfolio in EXCEL or Google.Sheets

r/CryptoCurrencySee Post

Crypto portfolio in EXCEL or Google.Sheets

r/CryptoCurrencySee Post

Opportunities for blockchain in healthcare

r/CryptoCurrencySee Post

Correction provides buying opportunities

r/CryptoCurrencySee Post

WARNING: Watch out for coins that are CENTERLIZED

r/CryptoCurrencySee Post

Solana must be stopped at all costs TOP 3 REASONS

Mentions

Just grabbed my SOURCE airdrop yesterday. Nice and easy 7 dollar drop

Mentions:#SOURCE

Well since we're doing this... Right now, my moonshot is $SOURCE. It's an L1 MicroCap. Supposed to be releasing something soon... Staking APR is <100%...

Mentions:#SOURCE

If you stake ATOM, check osmosis to see if you can deposit SOURCE. I had a 12 pack of Sierra Nevada sitting there.

Mentions:#ATOM#SOURCE

I see, you baited me, and I gave the fairest response possible, and you lash out with that bullshit?? I don't need to state the big revelation, I gave you the source. THE FUCKING SOURCE. You're free to disagree and defend Ethereum like the rest of the hive mind, but you don't need to be an ass. Move the fuck along, have a great day, pal.

Mentions:#SOURCE

Well it put up a fight against the SEC during a bear market when others didn’t and this happened, so....https://pbs.twimg.com/media/GDW67ZkXYAAw0BS?format=jpg&name=medium SOURCE: https://coinmarketcap.com/ & https://www.tradingview.com/

we should brand it an UNRELIABLE SOURCE as of now

Mentions:#SOURCE

9. IOG abandoned eUTXO for their new 4th generation blockchain, despite Cardano shills always telling us its superior. 10. Cardano is still controlled by Genesis keys which IOG, or any bad actor that gains access to these keys, can use to freeze the Cardano blockchain at any time. 11. 67% of Cardano TVL is in CLOSED SOURCE apps ($245 million of $365 million). Shows how much the community actually values decentralization. 12. Cardano TPS still can't handle the launch of any new coin, on any DEX, without the DEX becoming completely unusable. Minswap, Wingriders, Muesliswap, Spectrum, NONE of them can handle the throughput. Even the "stealth launch" of a random meme coin Kiseki still crippled their current fastest DEX (fastest because its the only one updated to Plutus V2) 13. Charles makes fun of other founders for not staking all their coins, when Charles himself hides all of his ADA on Coinbase.

This reminds me of late 2017 lol “THIS FUD FROM A SOURCE NOBODY READS CAUSED IT!”

Mentions:#FUD#SOURCE

People don't understand this: clients asked BlackRock, "Hey, can you manage my wealth, including bitcoin in my assets?" and Blackrock is requesting Bitcoin ETF. They would do this with cabbages if that were the demand. All the fuss about "it's a conspiracy to destroy Bitcoin" sounds more like a conspiracy theory than anything else. Also, he made Bitcoin OPEN SOURCE and PERMISSIONLESS; from the start, he let the opportunity open for ANYTHING to happen. He didn't want to control it; or superimpose a direction to it. The whitepaper presents an attempt, an experiment. Let it unfold to its end, and let's see.

r/CryptoCurrencySee Comment

#Cosmos Con-Arguments Below is a Cosmos con-argument written by gnarley_quinn. > > THE ANTI-SHILL FOR COSMOS: > INFLATION - Much too high. Staking rewards do not offset the supply increase. > There is a significant discrepancy between the inflation calculated by Messari and CoinMarketCap versus the stated inflation from the various Cosmos ecosystem scanners. > Whether it is because of some hidden lock mechanic for some tokens, and since these values are suppose to represent the circulating supply, it is not a good look for investors to have to justify why the stated inflation does not match the calculated one. > The staking rewards are averaged at 21.57% which is below the calculated inflation value, but above the stated inflation value. The staking rewards claimed on the COSMOS website also state the average APY is less than ten percent, which is significantly lower than the stated inflation. > There is a different incentive to holding which is airdrops. Depending on snapshots, you could get lucky with an airdrop that goes ballistic. > > > SOURCE INFLATION SUPPLY TODAY SUPPLY LAST YEAR > Messari 26.60 % 286,370,297 226,186,564 > Coinmarketcap 26.66 % 286,370,297 226,127,431 > Mintscan 13.82 % 313,077,417 Not provided > Atomscan 13.82 % Not provided Not provided > Cosmoscan 13.81 % 319,984,721.29 Not provided > UTILITY - Limited use. There is no reason to hold the token other than speculation > There is actually very little utility for the ATOM token. By staking ATOM, you are able to vote in Cosmos Hub governance decisions, but that is about it. There doesn't seem to be much reason to actually hold it other than it might go up or down and thus you could sell it. For context, other projects require their token to be used for fees or NFT sales. According to cryptofees, the COSMOS chain doesn't seem to actually make any money, the projects built on it do - which still doesn't seem to give a reason to hold ATOM. > DAILY ACTIVITY - It is a mystery! > Try as I might, I could not find statistics anywhere about how many addresses are actually being used on the COSMOS chain. To me, this is a massive red flag. I can find transactions on several sites quite easily, but not being able to find statistics showing me the total number of wallets created, and what percentage of them are currently being used seems impossible. This is a massive issue in terms of transparency on the chain. > Transactions > For what its worth, the average transactions seems fairly consistent, but until I can see the number of wallets that are active, I have no way of knowing if any of these are real users, bots, or just staking rewards. > MARKETCAP DOMINANCE - Falling all year > Obviously the entire crypto asset class is down this year, but if you compare like for like, you can still get a sense of whether the token is holding up well or not. > The marketcap dominance for COSMOS is roughly half of what it was at the beginning of the year. Reaching a top of around 0.6 % of the Crypto market in February, it now sits at 0.3 %. All altcoins will lose dominance in a bear market, but you would want the crypto to hold its own in the class as much as possible. Dropping 50% is not a good thing. > The dominance picked up prior to the announcement of 2.0, but has since fallen away again. > Marketcap dominance > TOTAL VALUE LOCKED - Where is it? > This value helps understand how many people are staking COSMOS and in a sense how commited investors are to the project. Yet once again this is a figure that is difficult to ascertain. > According to DefiLlama, there is no reported TVL directly for the ATOM token. Once again, they list all the projects built on top of the blockchain. The bonded tokens provided on mintscan also seem to correlate to this value. The highest individual TVL seems to CRONOS or KAVA, but I personally dont believe the locked tokens on an individual project on a blockchain should count towards the TVL on another chain. This is not necessarily a bad thing about the TVL for the ecosystem, but it begs the question again, what is the point of holding the ATOM token? > DECENTRALISATION - Some validators have too much control of the network > There are currently \~175 validators which is gives a Nakamoto Co-efficient of just 7. This is roughly the same level of decentralisation as Binance and is a terrible score. COSMOS really needs to increase the numbers of validators quickly because the distribution of tokens across the staking validators is a significant risk. > Nakamoto Coefficient > BIGGEST COMPETITION - Polkadot still higher in most cases > All cryptos are essentially in some sort of competition with each other. Due to the rationale, goals and purpose the blockchain, the biggest competitor to COSMOS is likely POLKADOT. > Again, the crypto asset class is down, by comparing marketcap dominance, Polkadot is still more than double the marketcap of COSMOS. > While Polkadot actually has about half the number of validators as COSMOS, the staking mechanism results in a much better Nakamoto-Coefficient of 85. This means Polkadot is 12 times more decentralised than Cosmos. > \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* > CONCLUSION: > Holding the ATOM token is pretty much only for speculation - you may get some free stuff or see the price rise. > TLDR: Just read the bold headlines ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

r/CryptoCurrencySee Comment

You still standing with Ledger? Good luck with that. They got hacked again: > A Ledger employee just got phished. DeFi users lost over $600k > Ledger confirmed the attack was the result of a hacker compromising one of its employees via a phishing attack. After gaining access to Ledger’s internal systems, the hacker planted malicious software within the Ledger Connect Kit. > SOURCE: [DLnews, December 14th, 2023](https://www.dlnews.com/articles/defi/a-ledger-employee-got-phished-defi-users-lost-thousands/)

Mentions:#SOURCE
r/CryptoCurrencySee Comment

You can know with OPEN SOURCE projects.... You can't know with CLOSED SOURCE projects....

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

You're exactly right. Technically speaking, they built a backdoor and they lied about it. Ledger even lies on their packaging. > ["WE ARE OPEN SOURCE"](https://i.redd.it/dysdk6j9516b1.jpg) The box for hardware with closed-source firmware says they're open source. That's intentionally misleading if not outright fraud. The more you learn, the more you'll see that Ledger is dirty.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

Sure. Short answer: Ledger said your keys never leave your device while they were writing code to extract the keys from your device. Detailed answer: Ledger sells hardware wallets to protect keys, but now they want to create a subscription service. For $10 a month, they'll extract the keys from your hardware and split them into 3 parts, shared with and stored by Ledger and 2 other companies. If you lose your keys, you can get them back from Ledger and those other 2 companies. The problem is, Ledger swore your keys never leave your hardware wallet. Their subscription service (named "Recover") proves they were lying. Ledger said this, for years: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on **May 14th, 2023**](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) And Ledger said this: > "While Ledger is using a dual chip system with an MCU as well, the important part is that your private keys remain inside the Secure Element." > [SOURCE](https://www.ledger.com/academy/security/not-all-chips-are-born-equal): Ledger.com > "This means that, beyond keeping your private key offline and away from hackers, the Ledger device itself is also completely impenetrable from external threats" > [SOURCE](https://www.ledger.com/academy/basic-basics/2-how-to-own-crypto/what-is-a-crypto-wallet): Ledger.com **But Ledger also wrote code to extract your keys from your hardware and send them to Ledger & other companies. And they built that code into the firmware for your Ledger hardware.** They said your keys never leave your device while they wrote the code to extract the keys from your device. That's like a woman saying "I'll never leave you" while she's snapping selfies and writing a profile for Tinder. Ledger lies: > "Private data, such as your private keys will be protected and never leave the device due to the combination of BOLOS and the Secure Element." > [SOURCE](https://www.ledger.com/academy/security/our-custom-operating-system-bolos/): Ledger.com They said your private keys never leave the device while they were writing code to extract your keys from your device. Ledger can't be trusted.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

> I’ll be the first person to swap my Ledgers when I see the explosions. By the time that happens, it'll be too late. Here's what's going to happen when Ledger's key extraction code gets hacked (or when there's another security breach): Hackers aren't going to start stealing coins. They won't want anyone to know there's a problem until they've been able to steal as many keys as they can. By the time they start emptying wallets, it'll be too late to move coins because they'll already be gone. Don't forget, Ledger's security has already been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers)

Mentions:#SOURCE
r/CryptoCurrencySee Comment

Have you seen this? > ["WE ARE OPEN SOURCE"](https://i.redd.it/dysdk6j9516b1.jpg) The box for Ledger hardware that uses closed-source firmware says open source. That's intentionally misleading if not outright fraud.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

> If you don't use the service, it doesn't leave the device. Prove it. Even Ledger admits they can't prove their code doesn't have backdoors. > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) ...they can't prove it because their code isn't open.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

> I'm going to argue a technicality that the statement was true at the time, and is therefore by definition not a lie Wrong. Here's proof. Notice the date: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) **May 14th, 2023** Now, think about how many months it took to create Recover. Ledger had to find other companies to partner up with. That means lawyers from three different companies in three different countries had to agree on terms and contracts. Seriously, think about how long that had to take. Ledger had to write the code and test it with all three companies. That's quite an undertaking. Think about how long that had to take. Ledger had to have been working on Recover as far back as at least 2021, yet they were still lying about keys never leaving their hardware as late as May 2023, even after Recover had been announced. It was a flat out pants on fire lie. They'd been lying about the core feature of their hardware wallets for many months. > They spent weeks answering questions during the whole controversy. They were also deleting questions they didn't want to answer and shadowbanning users who asked them.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

No, Ledger isn't fine if you care about your security. Ledger can't be trusted. Here's a summary, with links. 1: Ledger's word can't be trusted. The following was a lie: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) ...that's a lie because they added key extraction firmware to users devices. 2: Ledger's code can't be trusted. It can't be verified: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) ...they can't prove it because their code is closed source. 3: Ledger can't be trusted with your privacy. Their CEO said so: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > SOURCE: [Ledger CEO Pascal Gauthier, on video](https://youtu.be/M3VjQUcyZSY?t=2342) ...he said that about one of his own products. For sure. 4: Ledger's security can't be trusted. They've been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) ...they can't even keep *their* data secure. Don't trust them with your coins. 5: Ledger's security has been hacked, and yet... > "The bombshell here is the explicit confirmation that Ledger themselves hold the master decryption key for all Ledger Recover users." > SOURCE: [@sethforprivacy](https://twitter.com/sethforprivacy/status/1671532787294191618) ...what could possibly go wrong, eh? 6: Ledger lies on their packaging. > ["WE ARE OPEN SOURCE"](https://i.redd.it/dysdk6j9516b1.jpg) The box for hardware with closed-source firmware says open source? That's intentionally misleading if not outright fraud. 7: Ledger refuses to answer questions. They're [deleting questions](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) in comments on their sub. They're [shadowbanning](https://np.reddit.com/r/ledgerwallet/comments/144439c/ledger_please_answer_this_question/) the users who ask them. They're [scrubbing their website](https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) to remove claims they've been making for years. They're dirty. Ledger Can't Be Trusted.

r/CryptoCurrencySee Comment

Ledger lied about what is in their closed source code. That's the point I'm making. > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) Think about the date of that quote. No, really, think about that date: **May 14th, 2023** Now, think about how long it took to create Recover. Ledger had to find other companies to partner up with, and lawyers from three different companies had to agree on terms and contracts. Any guesses on how long that took? Ledger had to write the code and test with all three companies. That's quite an undertaking. Think about how many months Ledger was falsely selling hardware while telling customers things like this: > "Hi - your private keys **never** leave the Secure Element chip, which has never been hacked. The Secure Element is 3rd party certified, and is the same technology as used in passports and credit cards. A firmware update cannot extract the private keys from the Secure Element." > [SOURCE](https://twitter.com/Ledger/status/1592551225970548736): @Ledger And this, all of which has recently [been scrubbed from their website]( https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) > "Private data, such as your private keys will be protected and never leave the device due to the combination of BOLOS and the Secure Element." > [SOURCE](https://www.ledger.com/academy/security/our-custom-operating-system-bolos/): Ledger.com > "The secret keys or seed are never exposed to the BLE stack and never, ever leave the Secure Element." > [SOURCE](https://www.ledger.com/ledger-nano-x-bluetooth-security-model-of-a-wireless-hardware-wallet/): Ledger.com > "While Ledger is using a dual chip system with an MCU as well, the important part is that your private keys remain inside the Secure Element." > [SOURCE](https://www.ledger.com/academy/security/not-all-chips-are-born-equal): Ledger.com > "This means that, beyond keeping your private key offline and away from hackers, the Ledger device itself is also completely impenetrable from external threats" > [SOURCE](https://www.ledger.com/academy/basic-basics/2-how-to-own-crypto/what-is-a-crypto-wallet): Ledger.com Even their packaging lies: > "WE ARE OPEN SOURCE..." > https://i.redd.it/dysdk6j9516b1.jpg The issue isn't that Ledger's firmware is closed source. The issue is that they lie about it, and they lie about what's in it.

Mentions:#SOURCE#OPEN
r/CryptoCurrencySee Comment

> True, but the trust assumption pre-recovery and post recovery is still the same. First of all, it's "Recover," not recovery. The name of the service is Ledger Recover. Second: Why would anyone trust a hardware wallet that has the ability to export their keys over the internet? That defeats the entire point of using a hardware wallet. And it means Ledger hardware wallets are now no longer cold wallets. Why would anyone trust a company that turns their cold wallet into a hot wallet AFTER they bought it in order to own a cold wallet? And third: before Ledger announced Recover (or, really, before the key extraction code for Recover got outed), we didn't know Ledger was lying to us about keys never leaving Ledger devices. > "Your keys are always stored on your device and never leave it" > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) That was a lie. The key extraction code for Ledger Recover had already been outed by May 14th, but even worse than that, Ledger had to have been working on Recover for well over a year by that point, due to the complexity of the service (it involves multiple companies in multiple countries, not to mention each company's lawyers and the complexity of the contracts involved). So, they were lying to us about the security of Ledger devices for a long, long time. Ledger's key extraction includes other companies. What happens if those companies want to give up your keys? Here's what Ledger's CEO says: > "These companies are not slaves to Ledger. We just have commercial agreement." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2393): Ledger CEO Pascal Gauthier > "Great, so now the Department Of Justice calls you and says "We are charging so and so with X, Y and Z. Get two of your vendors to send us the Bitcoin keys." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2608): Harry Sudock, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier Ledger is dirty.

Mentions:#SOURCE#CEO
r/CryptoCurrencySee Comment

> Original nano is not compatible with Recovery Just because the Nano S isn't compatible with Ledger Recover, it doesn't mean none of the key extraction code is part of the Nano S firmware. That is really important to understand. We don't know for a fact that none of the key extraction code is part of the firmware for the Nano S. Ledger's firmware isn't open source, which means there's no way to be sure what's really in it. People keep assuming the Nano S is safe, but that's all they're doing: Assuming. Even Ledger admits they can't prove there isn't a backdoor in their code: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) ...they can't prove it because their code isn't open. The problem isn't Ledger Recover. The problem is key extraction code which could give Ledger, their partner companies, or even hackers access to your keys. Their code isn't open, so there's no way to prove what's in it. Anyone who says otherwise is making a dangerous assumption.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

**YES.** I bailed on Ledger and I'll never go back. Ledger can't be trusted. Here's a summary of why, with links. 1: Ledger's word can't be trusted. The following was a lie: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) ...that's a lie because they added key extraction firmware to users devices. 2: Ledger's code can't be trusted. It can't be verified: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) ...they can't prove it because their code is closed source. 3: Ledger can't be trusted with your privacy. Their CEO said so: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > SOURCE: [Ledger CEO Pascal Gauthier, on video](https://youtu.be/M3VjQUcyZSY?t=2342) ...he said that about one of his own products. For sure. 4: Ledger's security can't be trusted. They've been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) ...they can't even keep *their* data secure. Don't trust them with your coins. 5: Ledger's security has been hacked, and yet... > "The bombshell here is the explicit confirmation that Ledger themselves hold the master decryption key for all Ledger Recover users." > SOURCE: [@sethforprivacy](https://twitter.com/sethforprivacy/status/1671532787294191618) ...what could possibly go wrong, eh? 6: Ledger refuses to answer questions. They're [deleting questions](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) in comments on their sub. They're [shadowbanning](https://np.reddit.com/r/ledgerwallet/comments/144439c/ledger_please_answer_this_question/) the users who ask them. They're [scrubbing their website](https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) to remove claims they've been making for years. They're dirty. Ledger Can't Be Trusted.

r/CryptoCurrencySee Comment

#Cosmos Con-Arguments Below is a Cosmos con-argument written by gnarley_quinn. > > THE ANTI-SHILL FOR COSMOS: > INFLATION - Much too high. Staking rewards do not offset the supply increase. > There is a significant discrepancy between the inflation calculated by Messari and CoinMarketCap versus the stated inflation from the various Cosmos ecosystem scanners. > Whether it is because of some hidden lock mechanic for some tokens, and since these values are suppose to represent the circulating supply, it is not a good look for investors to have to justify why the stated inflation does not match the calculated one. > The staking rewards are averaged at 21.57% which is below the calculated inflation value, but above the stated inflation value. The staking rewards claimed on the COSMOS website also state the average APY is less than ten percent, which is significantly lower than the stated inflation. > There is a different incentive to holding which is airdrops. Depending on snapshots, you could get lucky with an airdrop that goes ballistic. > > > SOURCE INFLATION SUPPLY TODAY SUPPLY LAST YEAR > Messari 26.60 % 286,370,297 226,186,564 > Coinmarketcap 26.66 % 286,370,297 226,127,431 > Mintscan 13.82 % 313,077,417 Not provided > Atomscan 13.82 % Not provided Not provided > Cosmoscan 13.81 % 319,984,721.29 Not provided > UTILITY - Limited use. There is no reason to hold the token other than speculation > There is actually very little utility for the ATOM token. By staking ATOM, you are able to vote in Cosmos Hub governance decisions, but that is about it. There doesn't seem to be much reason to actually hold it other than it might go up or down and thus you could sell it. For context, other projects require their token to be used for fees or NFT sales. According to cryptofees, the COSMOS chain doesn't seem to actually make any money, the projects built on it do - which still doesn't seem to give a reason to hold ATOM. > DAILY ACTIVITY - It is a mystery! > Try as I might, I could not find statistics anywhere about how many addresses are actually being used on the COSMOS chain. To me, this is a massive red flag. I can find transactions on several sites quite easily, but not being able to find statistics showing me the total number of wallets created, and what percentage of them are currently being used seems impossible. This is a massive issue in terms of transparency on the chain. > Transactions > For what its worth, the average transactions seems fairly consistent, but until I can see the number of wallets that are active, I have no way of knowing if any of these are real users, bots, or just staking rewards. > MARKETCAP DOMINANCE - Falling all year > Obviously the entire crypto asset class is down this year, but if you compare like for like, you can still get a sense of whether the token is holding up well or not. > The marketcap dominance for COSMOS is roughly half of what it was at the beginning of the year. Reaching a top of around 0.6 % of the Crypto market in February, it now sits at 0.3 %. All altcoins will lose dominance in a bear market, but you would want the crypto to hold its own in the class as much as possible. Dropping 50% is not a good thing. > The dominance picked up prior to the announcement of 2.0, but has since fallen away again. > Marketcap dominance > TOTAL VALUE LOCKED - Where is it? > This value helps understand how many people are staking COSMOS and in a sense how commited investors are to the project. Yet once again this is a figure that is difficult to ascertain. > According to DefiLlama, there is no reported TVL directly for the ATOM token. Once again, they list all the projects built on top of the blockchain. The bonded tokens provided on mintscan also seem to correlate to this value. The highest individual TVL seems to CRONOS or KAVA, but I personally dont believe the locked tokens on an individual project on a blockchain should count towards the TVL on another chain. This is not necessarily a bad thing about the TVL for the ecosystem, but it begs the question again, what is the point of holding the ATOM token? > DECENTRALISATION - Some validators have too much control of the network > There are currently \~175 validators which is gives a Nakamoto Co-efficient of just 7. This is roughly the same level of decentralisation as Binance and is a terrible score. COSMOS really needs to increase the numbers of validators quickly because the distribution of tokens across the staking validators is a significant risk. > Nakamoto Coefficient > BIGGEST COMPETITION - Polkadot still higher in most cases > All cryptos are essentially in some sort of competition with each other. Due to the rationale, goals and purpose the blockchain, the biggest competitor to COSMOS is likely POLKADOT. > Again, the crypto asset class is down, by comparing marketcap dominance, Polkadot is still more than double the marketcap of COSMOS. > While Polkadot actually has about half the number of validators as COSMOS, the staking mechanism results in a much better Nakamoto-Coefficient of 85. This means Polkadot is 12 times more decentralised than Cosmos. > \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* > CONCLUSION: > Holding the ATOM token is pretty much only for speculation - you may get some free stuff or see the price rise. > TLDR: Just read the bold headlines ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

r/CryptoCurrencySee Comment

> WARNING CONTRACT IS CLOSED SOURCE. PROCEED WITH CAUTION This is from the link you provided

Mentions:#SOURCE
r/CryptoCurrencySee Comment

#Cosmos Con-Arguments Below is a Cosmos con-argument written by gnarley_quinn. > > THE ANTI-SHILL FOR COSMOS: > INFLATION - Much too high. Staking rewards do not offset the supply increase. > There is a significant discrepancy between the inflation calculated by Messari and CoinMarketCap versus the stated inflation from the various Cosmos ecosystem scanners. > Whether it is because of some hidden lock mechanic for some tokens, and since these values are suppose to represent the circulating supply, it is not a good look for investors to have to justify why the stated inflation does not match the calculated one. > The staking rewards are averaged at 21.57% which is below the calculated inflation value, but above the stated inflation value. The staking rewards claimed on the COSMOS website also state the average APY is less than ten percent, which is significantly lower than the stated inflation. > There is a different incentive to holding which is airdrops. Depending on snapshots, you could get lucky with an airdrop that goes ballistic. > > > SOURCE INFLATION SUPPLY TODAY SUPPLY LAST YEAR > Messari 26.60 % 286,370,297 226,186,564 > Coinmarketcap 26.66 % 286,370,297 226,127,431 > Mintscan 13.82 % 313,077,417 Not provided > Atomscan 13.82 % Not provided Not provided > Cosmoscan 13.81 % 319,984,721.29 Not provided > UTILITY - Limited use. There is no reason to hold the token other than speculation > There is actually very little utility for the ATOM token. By staking ATOM, you are able to vote in Cosmos Hub governance decisions, but that is about it. There doesn't seem to be much reason to actually hold it other than it might go up or down and thus you could sell it. For context, other projects require their token to be used for fees or NFT sales. According to cryptofees, the COSMOS chain doesn't seem to actually make any money, the projects built on it do - which still doesn't seem to give a reason to hold ATOM. > DAILY ACTIVITY - It is a mystery! > Try as I might, I could not find statistics anywhere about how many addresses are actually being used on the COSMOS chain. To me, this is a massive red flag. I can find transactions on several sites quite easily, but not being able to find statistics showing me the total number of wallets created, and what percentage of them are currently being used seems impossible. This is a massive issue in terms of transparency on the chain. > Transactions > For what its worth, the average transactions seems fairly consistent, but until I can see the number of wallets that are active, I have no way of knowing if any of these are real users, bots, or just staking rewards. > MARKETCAP DOMINANCE - Falling all year > Obviously the entire crypto asset class is down this year, but if you compare like for like, you can still get a sense of whether the token is holding up well or not. > The marketcap dominance for COSMOS is roughly half of what it was at the beginning of the year. Reaching a top of around 0.6 % of the Crypto market in February, it now sits at 0.3 %. All altcoins will lose dominance in a bear market, but you would want the crypto to hold its own in the class as much as possible. Dropping 50% is not a good thing. > The dominance picked up prior to the announcement of 2.0, but has since fallen away again. > Marketcap dominance > TOTAL VALUE LOCKED - Where is it? > This value helps understand how many people are staking COSMOS and in a sense how commited investors are to the project. Yet once again this is a figure that is difficult to ascertain. > According to DefiLlama, there is no reported TVL directly for the ATOM token. Once again, they list all the projects built on top of the blockchain. The bonded tokens provided on mintscan also seem to correlate to this value. The highest individual TVL seems to CRONOS or KAVA, but I personally dont believe the locked tokens on an individual project on a blockchain should count towards the TVL on another chain. This is not necessarily a bad thing about the TVL for the ecosystem, but it begs the question again, what is the point of holding the ATOM token? > DECENTRALISATION - Some validators have too much control of the network > There are currently \~175 validators which is gives a Nakamoto Co-efficient of just 7. This is roughly the same level of decentralisation as Binance and is a terrible score. COSMOS really needs to increase the numbers of validators quickly because the distribution of tokens across the staking validators is a significant risk. > Nakamoto Coefficient > BIGGEST COMPETITION - Polkadot still higher in most cases > All cryptos are essentially in some sort of competition with each other. Due to the rationale, goals and purpose the blockchain, the biggest competitor to COSMOS is likely POLKADOT. > Again, the crypto asset class is down, by comparing marketcap dominance, Polkadot is still more than double the marketcap of COSMOS. > While Polkadot actually has about half the number of validators as COSMOS, the staking mechanism results in a much better Nakamoto-Coefficient of 85. This means Polkadot is 12 times more decentralised than Cosmos. > \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* > CONCLUSION: > Holding the ATOM token is pretty much only for speculation - you may get some free stuff or see the price rise. > TLDR: Just read the bold headlines ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

r/CryptoMarketsSee Comment

#Cosmos Con-Arguments Below is a Cosmos con-argument written by gnarley_quinn. > > THE ANTI-SHILL FOR COSMOS: > INFLATION - Much too high. Staking rewards do not offset the supply increase. > There is a significant discrepancy between the inflation calculated by Messari and CoinMarketCap versus the stated inflation from the various Cosmos ecosystem scanners. > Whether it is because of some hidden lock mechanic for some tokens, and since these values are suppose to represent the circulating supply, it is not a good look for investors to have to justify why the stated inflation does not match the calculated one. > The staking rewards are averaged at 21.57% which is below the calculated inflation value, but above the stated inflation value. The staking rewards claimed on the COSMOS website also state the average APY is less than ten percent, which is significantly lower than the stated inflation. > There is a different incentive to holding which is airdrops. Depending on snapshots, you could get lucky with an airdrop that goes ballistic. > > > SOURCE INFLATION SUPPLY TODAY SUPPLY LAST YEAR > Messari 26.60 % 286,370,297 226,186,564 > Coinmarketcap 26.66 % 286,370,297 226,127,431 > Mintscan 13.82 % 313,077,417 Not provided > Atomscan 13.82 % Not provided Not provided > Cosmoscan 13.81 % 319,984,721.29 Not provided > UTILITY - Limited use. There is no reason to hold the token other than speculation > There is actually very little utility for the ATOM token. By staking ATOM, you are able to vote in Cosmos Hub governance decisions, but that is about it. There doesn't seem to be much reason to actually hold it other than it might go up or down and thus you could sell it. For context, other projects require their token to be used for fees or NFT sales. According to cryptofees, the COSMOS chain doesn't seem to actually make any money, the projects built on it do - which still doesn't seem to give a reason to hold ATOM. > DAILY ACTIVITY - It is a mystery! > Try as I might, I could not find statistics anywhere about how many addresses are actually being used on the COSMOS chain. To me, this is a massive red flag. I can find transactions on several sites quite easily, but not being able to find statistics showing me the total number of wallets created, and what percentage of them are currently being used seems impossible. This is a massive issue in terms of transparency on the chain. > Transactions > For what its worth, the average transactions seems fairly consistent, but until I can see the number of wallets that are active, I have no way of knowing if any of these are real users, bots, or just staking rewards. > MARKETCAP DOMINANCE - Falling all year > Obviously the entire crypto asset class is down this year, but if you compare like for like, you can still get a sense of whether the token is holding up well or not. > The marketcap dominance for COSMOS is roughly half of what it was at the beginning of the year. Reaching a top of around 0.6 % of the Crypto market in February, it now sits at 0.3 %. All altcoins will lose dominance in a bear market, but you would want the crypto to hold its own in the class as much as possible. Dropping 50% is not a good thing. > The dominance picked up prior to the announcement of 2.0, but has since fallen away again. > Marketcap dominance > TOTAL VALUE LOCKED - Where is it? > This value helps understand how many people are staking COSMOS and in a sense how commited investors are to the project. Yet once again this is a figure that is difficult to ascertain. > According to DefiLlama, there is no reported TVL directly for the ATOM token. Once again, they list all the projects built on top of the blockchain. The bonded tokens provided on mintscan also seem to correlate to this value. The highest individual TVL seems to CRONOS or KAVA, but I personally dont believe the locked tokens on an individual project on a blockchain should count towards the TVL on another chain. This is not necessarily a bad thing about the TVL for the ecosystem, but it begs the question again, what is the point of holding the ATOM token? > DECENTRALISATION - Some validators have too much control of the network > There are currently \~175 validators which is gives a Nakamoto Co-efficient of just 7. This is roughly the same level of decentralisation as Binance and is a terrible score. COSMOS really needs to increase the numbers of validators quickly because the distribution of tokens across the staking validators is a significant risk. > Nakamoto Coefficient > BIGGEST COMPETITION - Polkadot still higher in most cases > All cryptos are essentially in some sort of competition with each other. Due to the rationale, goals and purpose the blockchain, the biggest competitor to COSMOS is likely POLKADOT. > Again, the crypto asset class is down, by comparing marketcap dominance, Polkadot is still more than double the marketcap of COSMOS. > While Polkadot actually has about half the number of validators as COSMOS, the staking mechanism results in a much better Nakamoto-Coefficient of 85. This means Polkadot is 12 times more decentralised than Cosmos. > \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* > CONCLUSION: > Holding the ATOM token is pretty much only for speculation - you may get some free stuff or see the price rise. > TLDR: Just read the bold headlines ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

r/CryptoCurrencySee Comment

Don't listen to those idiots saying ledger. The reason ledger is not trustworthy is because it's CLOSED SOURCE. That means that you need to TRUST the company not to scam you or still your coins in the future. The whole point of crypto is that it's TRUSTLESS. So go with an open source hardware wallet like trezor.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

>they publicly admitted that they could download firmware to extract seeds This goes the same for Trezor. The average person doesn't compartmentalize when it comes to dealing with this stuff. The risk of having an infected host computer with compromised firmware is just as high. Trezors didn't even have a secure element until their new model, which makes it a dilemma from those shouting from the "MUH OPEN SOURCE" crowd. There has to be *some* element of trust. Of course if you're truly concerned about proper cold storage you should be looking at fully open sourced airgapped solutions anyway.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

First, don't panic or rush. Second, learn about which wallets can be trusted, OPEN SOURCE community supported wallets are the safest. If it's a lot of money, investigate offline signing, but if it isn't, you can do it online with a good amount of safety.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

SOURCE?!?

Mentions:#SOURCE
r/CryptoCurrencySee Comment

Any link from cointelegraph should be labeled UNRELIABLE SOURCE!! Mfuker made most alts dumped below the price before the fake news 😡

Mentions:#SOURCE
r/BitcoinSee Comment

Reading books stays with you longer; is more personal; and has more of a lasting effect on people. SOURCE: me :p

Mentions:#SOURCE
r/BitcoinSee Comment

When did it take place? What was the final outcome (did the guy get arrested, etc.)? How was he caught? Where was he caught? How do we know all this is true? And also, how did those bars not fall out from that plastic wrapper? And how did the guy walk with all that weight attached to him? You need to POST YOUR SOURCE.

Mentions:#POST#SOURCE
r/BitcoinSee Comment

I literally just talked about the supposed “attack vector” on the device itself that you just mentioned. It’s not possible, view the architecture of the device. You can’t just upload malicious updates Willy Nilly, the ledger device goes through a lot of anti tampering and device attestation before the OPEN SOURCE app even releases it. If you honestly think the firmware update is getting through the whole company without company going rogue itself you’re just mistaken and you should prob read how the device itself works. I did, so I’m telling you how it works, if not I can just link it to you and you read through it yourself if you want. The only attack vector introduced is the companies you export your seed phrase to.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

Gee, who could have thought that adding key extraction code to their firmware would lead to a disaster? Ledger can't be trusted. For anybody who hasn't been following along, here's a summary, with links. 1: Ledger's word can't be trusted. The following was a lie: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) ...then they added key extraction firmware to users devices. 2: Ledger's code can't be trusted. It can't be verified: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) ...they can't prove it. We can't trust it. 3: Ledger can't be trusted with your privacy. Their CEO said so: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > SOURCE: [Ledger CEO Pascal Gauthier, on video](https://youtu.be/M3VjQUcyZSY?t=2342) ...he said that about one of his own products. For sure. 4: Ledger's security can't be trusted. They've been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) ...if they can't even keep *their* data secure, don't trust them with yours. 5: Ledger's security has been hacked, and yet... > "The bombshell here is the explicit confirmation that Ledger themselves hold the master decryption key for all Ledger Recover users." > SOURCE: [@sethforprivacy](https://twitter.com/sethforprivacy/status/1671532787294191618) ...well *that's* not good. 6: Ledger refuses to answer questions. They're [deleting questions](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) in comments on their sub. They're [shadowbanning](https://np.reddit.com/r/ledgerwallet/comments/144439c/ledger_please_answer_this_question/) the users who ask them. They're [scrubbing their website](https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) to remove claims they've been making for years. They're dirty. Ledger Can't Be Trusted.

Mentions:#SOURCE#CEO
r/BitcoinSee Comment

Fidelity doesn’t low u to withdraw bitcoin from them. Yes buy BTC and put onto an OPEN SOURCE hard wallet/cold storage. Forget about it for ten years

r/CryptoCurrencySee Comment

#Cosmos Con-Arguments Below is a Cosmos con-argument written by gnarley_quinn. > > THE ANTI-SHILL FOR COSMOS: > INFLATION - Much too high. Staking rewards do not offset the supply increase. > There is a significant discrepancy between the inflation calculated by Messari and CoinMarketCap versus the stated inflation from the various Cosmos ecosystem scanners. > Whether it is because of some hidden lock mechanic for some tokens, and since these values are suppose to represent the circulating supply, it is not a good look for investors to have to justify why the stated inflation does not match the calculated one. > The staking rewards are averaged at 21.57% which is below the calculated inflation value, but above the stated inflation value. The staking rewards claimed on the COSMOS website also state the average APY is less than ten percent, which is significantly lower than the stated inflation. > There is a different incentive to holding which is airdrops. Depending on snapshots, you could get lucky with an airdrop that goes ballistic. > > > SOURCE INFLATION SUPPLY TODAY SUPPLY LAST YEAR > Messari 26.60 % 286,370,297 226,186,564 > Coinmarketcap 26.66 % 286,370,297 226,127,431 > Mintscan 13.82 % 313,077,417 Not provided > Atomscan 13.82 % Not provided Not provided > Cosmoscan 13.81 % 319,984,721.29 Not provided > UTILITY - Limited use. There is no reason to hold the token other than speculation > There is actually very little utility for the ATOM token. By staking ATOM, you are able to vote in Cosmos Hub governance decisions, but that is about it. There doesn't seem to be much reason to actually hold it other than it might go up or down and thus you could sell it. For context, other projects require their token to be used for fees or NFT sales. According to cryptofees, the COSMOS chain doesn't seem to actually make any money, the projects built on it do - which still doesn't seem to give a reason to hold ATOM. > DAILY ACTIVITY - It is a mystery! > Try as I might, I could not find statistics anywhere about how many addresses are actually being used on the COSMOS chain. To me, this is a massive red flag. I can find transactions on several sites quite easily, but not being able to find statistics showing me the total number of wallets created, and what percentage of them are currently being used seems impossible. This is a massive issue in terms of transparency on the chain. > Transactions > For what its worth, the average transactions seems fairly consistent, but until I can see the number of wallets that are active, I have no way of knowing if any of these are real users, bots, or just staking rewards. > MARKETCAP DOMINANCE - Falling all year > Obviously the entire crypto asset class is down this year, but if you compare like for like, you can still get a sense of whether the token is holding up well or not. > The marketcap dominance for COSMOS is roughly half of what it was at the beginning of the year. Reaching a top of around 0.6 % of the Crypto market in February, it now sits at 0.3 %. All altcoins will lose dominance in a bear market, but you would want the crypto to hold its own in the class as much as possible. Dropping 50% is not a good thing. > The dominance picked up prior to the announcement of 2.0, but has since fallen away again. > Marketcap dominance > TOTAL VALUE LOCKED - Where is it? > This value helps understand how many people are staking COSMOS and in a sense how commited investors are to the project. Yet once again this is a figure that is difficult to ascertain. > According to DefiLlama, there is no reported TVL directly for the ATOM token. Once again, they list all the projects built on top of the blockchain. The bonded tokens provided on mintscan also seem to correlate to this value. The highest individual TVL seems to CRONOS or KAVA, but I personally dont believe the locked tokens on an individual project on a blockchain should count towards the TVL on another chain. This is not necessarily a bad thing about the TVL for the ecosystem, but it begs the question again, what is the point of holding the ATOM token? > DECENTRALISATION - Some validators have too much control of the network > There are currently \~175 validators which is gives a Nakamoto Co-efficient of just 7. This is roughly the same level of decentralisation as Binance and is a terrible score. COSMOS really needs to increase the numbers of validators quickly because the distribution of tokens across the staking validators is a significant risk. > Nakamoto Coefficient > BIGGEST COMPETITION - Polkadot still higher in most cases > All cryptos are essentially in some sort of competition with each other. Due to the rationale, goals and purpose the blockchain, the biggest competitor to COSMOS is likely POLKADOT. > Again, the crypto asset class is down, by comparing marketcap dominance, Polkadot is still more than double the marketcap of COSMOS. > While Polkadot actually has about half the number of validators as COSMOS, the staking mechanism results in a much better Nakamoto-Coefficient of 85. This means Polkadot is 12 times more decentralised than Cosmos. > \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* > CONCLUSION: > Holding the ATOM token is pretty much only for speculation - you may get some free stuff or see the price rise. > TLDR: Just read the bold headlines ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

r/CryptoCurrencySee Comment

#Cosmos Con-Arguments Below is a Cosmos con-argument written by gnarley_quinn. > > THE ANTI-SHILL FOR COSMOS: > INFLATION - Much too high. Staking rewards do not offset the supply increase. > There is a significant discrepancy between the inflation calculated by Messari and CoinMarketCap versus the stated inflation from the various Cosmos ecosystem scanners. > Whether it is because of some hidden lock mechanic for some tokens, and since these values are suppose to represent the circulating supply, it is not a good look for investors to have to justify why the stated inflation does not match the calculated one. > The staking rewards are averaged at 21.57% which is below the calculated inflation value, but above the stated inflation value. The staking rewards claimed on the COSMOS website also state the average APY is less than ten percent, which is significantly lower than the stated inflation. > There is a different incentive to holding which is airdrops. Depending on snapshots, you could get lucky with an airdrop that goes ballistic. > > > SOURCE INFLATION SUPPLY TODAY SUPPLY LAST YEAR > Messari 26.60 % 286,370,297 226,186,564 > Coinmarketcap 26.66 % 286,370,297 226,127,431 > Mintscan 13.82 % 313,077,417 Not provided > Atomscan 13.82 % Not provided Not provided > Cosmoscan 13.81 % 319,984,721.29 Not provided > UTILITY - Limited use. There is no reason to hold the token other than speculation > There is actually very little utility for the ATOM token. By staking ATOM, you are able to vote in Cosmos Hub governance decisions, but that is about it. There doesn't seem to be much reason to actually hold it other than it might go up or down and thus you could sell it. For context, other projects require their token to be used for fees or NFT sales. According to cryptofees, the COSMOS chain doesn't seem to actually make any money, the projects built on it do - which still doesn't seem to give a reason to hold ATOM. > DAILY ACTIVITY - It is a mystery! > Try as I might, I could not find statistics anywhere about how many addresses are actually being used on the COSMOS chain. To me, this is a massive red flag. I can find transactions on several sites quite easily, but not being able to find statistics showing me the total number of wallets created, and what percentage of them are currently being used seems impossible. This is a massive issue in terms of transparency on the chain. > Transactions > For what its worth, the average transactions seems fairly consistent, but until I can see the number of wallets that are active, I have no way of knowing if any of these are real users, bots, or just staking rewards. > MARKETCAP DOMINANCE - Falling all year > Obviously the entire crypto asset class is down this year, but if you compare like for like, you can still get a sense of whether the token is holding up well or not. > The marketcap dominance for COSMOS is roughly half of what it was at the beginning of the year. Reaching a top of around 0.6 % of the Crypto market in February, it now sits at 0.3 %. All altcoins will lose dominance in a bear market, but you would want the crypto to hold its own in the class as much as possible. Dropping 50% is not a good thing. > The dominance picked up prior to the announcement of 2.0, but has since fallen away again. > Marketcap dominance > TOTAL VALUE LOCKED - Where is it? > This value helps understand how many people are staking COSMOS and in a sense how commited investors are to the project. Yet once again this is a figure that is difficult to ascertain. > According to DefiLlama, there is no reported TVL directly for the ATOM token. Once again, they list all the projects built on top of the blockchain. The bonded tokens provided on mintscan also seem to correlate to this value. The highest individual TVL seems to CRONOS or KAVA, but I personally dont believe the locked tokens on an individual project on a blockchain should count towards the TVL on another chain. This is not necessarily a bad thing about the TVL for the ecosystem, but it begs the question again, what is the point of holding the ATOM token? > DECENTRALISATION - Some validators have too much control of the network > There are currently \~175 validators which is gives a Nakamoto Co-efficient of just 7. This is roughly the same level of decentralisation as Binance and is a terrible score. COSMOS really needs to increase the numbers of validators quickly because the distribution of tokens across the staking validators is a significant risk. > Nakamoto Coefficient > BIGGEST COMPETITION - Polkadot still higher in most cases > All cryptos are essentially in some sort of competition with each other. Due to the rationale, goals and purpose the blockchain, the biggest competitor to COSMOS is likely POLKADOT. > Again, the crypto asset class is down, by comparing marketcap dominance, Polkadot is still more than double the marketcap of COSMOS. > While Polkadot actually has about half the number of validators as COSMOS, the staking mechanism results in a much better Nakamoto-Coefficient of 85. This means Polkadot is 12 times more decentralised than Cosmos. > \*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* > CONCLUSION: > Holding the ATOM token is pretty much only for speculation - you may get some free stuff or see the price rise. > TLDR: Just read the bold headlines ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find submissions for other topics.

r/BitcoinSee Comment

Of course. In fact, I'd rather address these threats by myself instead of trusting Ledger's or Coldcard's CLOSED SOURCE solutions.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

Ethereum Layer 2 activity update: | # | NAME | PAST DAY TPS | 7D CHANGE | MAX DAILY TPS | 30D COUNT | DATA SOURCE | |----:|:----------------------|-------------:|----------:|-------------:|----------:|:---------------| | 1 | Base | 13.77 | +6.25% | 21.29 | 22.52 M | Blockchain RPC | | 2 | Ethereum | 12.05 | +3.82% | 22.37 | 30.45 M | Blockchain RPC | | 3 | zkSync Era | 11.15 | -10.77% | 15.25 | 29.99 M | Blockchain RPC | | 4 | Arbitrum One | 6.85 | +5.58% | 31.64 | 15.99 M | Blockchain RPC | | 5 | Starknet | 6.30 | -13.01% | 10.16 | 19.90 M | Blockchain RPC | | 6 | OP Mainnet | 3.66 | +2.80% | 10.43 | 9.75 M | Blockchain RPC | | 7 | Mantle | 2.97 | +23.36% | 4.25 | 6.79 M | Blockchain RPC | | 8 | Immutable X | 1.97 | -28.93% | 39.35 | 6.28 M | Closed API | | 9 | dYdX | 1.55 | -42.51% | 11.45 | 5.51 M | Closed API | | 10 | Arbitrum Nova | 1.32 | +23.86% | 10.93 | 2.76 M | Blockchain RPC | | 11 | ApeX | 1.31 | -10.27% | 1.64 | 3.36 M | Closed API | | 12 | Linea | 1.23 | -18.24% | 2.26 | 3.87 M | Blockchain RPC | | 13 | Sorare | 0.73 | -38.23% | 2.31 | 1.48 M | Closed API | | 14 | zkSync Lite | 0.68 | -6.87% | 3.29 | 1.99 M | Explorer API | | 15 | Zora | 0.64 | -6.23% | 1.63 | 2.37 M | Blockchain RPC | | 16 | Polygon zkEVM | 0.28 | -16.45% | 1.41 | 858 K | Blockchain RPC | | 17 | Metis Andromeda | 0.16 | -24.49% | 1.25 | 470 K | Blockchain RPC | | 18 | Myria | 0.13 | -47.07% | 10.27 | 689 K | Closed API | | 19 | Loopring | 0.04 | +15.58% | 1.48 | 86.85 K | Explorer API | | 20 | Kroma | 0.03 | +756.59% | 0.13 | 36.17 K | Blockchain RPC | source: https://l2beat.com/scaling/activity Mantle is seeing significant growth in activity. This project is planning to use EigenDA's ETH restaking technology to obtain massive Data Availability for its Rollup.

r/CryptoCurrencySee Comment

Update on the Ethereum L2 techstrate: | # | NAME | PAST DAY TPS | 7D CHANGE | MAX DAILY TPS | 30D COUNT | DATA SOURCE | |----:|:------------------|-------------:|----------:|-------------:|----------:|:-------------| | 1 | zkSync Era | 11.86 | +11.08% | 15.25 | 29.35 M | Blockchain RPC | | 2 | Ethereum | 11.74 | +0.76% | 22.37 | 30.49 M | Blockchain RPC | | 3 | Starknet | 8.69 | +26.99% | 9.01 | 14.63 M | Blockchain RPC | | 4 | Arbitrum One | 5.88 | -11.74% | 31.64 | 17.09 M | Blockchain RPC | | 5 | Base | 4.13 | +1.99% | 15.88 | 15.66 M | Blockchain RPC | | 6 | OP Mainnet | 4.02 | +1.51% | 10.43 | 12.41 M | Blockchain RPC | | 7 | Mantle | 3.04 | +23.26% | 3.04 | 4.31 M | Blockchain RPC | | 8 | Linea | 1.65 | +20.48% | 2.26 | 3.36 M | Blockchain RPC | | 9 | dYdX | 1.47 | -36.24% | 11.45 | 5.49 M | Closed API | | 10 | Immutable X | 1.45 | -21.74% | 39.35 | 6.18 M | Closed API | | 11 | ApeX | 1.00 | -18.74% | 1.47 | 2.88 M | Closed API | | 12 | Zora Network | 0.96 | +3.33% | 1.63 | 2.49 M | Blockchain RPC | | 13 | Arbitrum Nova | 0.91 | -21.03% | 10.93 | 3.33 M | Blockchain RPC | | 14 | zkSync Lite | 0.79 | +9.99% | 3.29 | 2.01 M | Explorer API | | 15 | Sorare | 0.45 | -45.85% | 2.31 | 1.62 M | Closed API | | 16 | Polygon zkEVM | 0.34 | -0.93% | 1.41 | 985 K | Blockchain RPC | | 17 | Myria | 0.22 | -27.29% | 10.27 | 470 K | Closed API | | 18 | Loopring | 0.02 | -47.12% | 1.48 | 98.97 K | Explorer API | | 19 | rhino.fi | 0.02 | -18.89% | 0.42 | 86.14 K | Closed API | | 20 | Boba Network | <0.01 | -4.55% | 0.29 | 10.83 K | Blockchain RPC | | 21 | Public Goods Network | <0.01 | -27.03% | 0.06 | 30.76 K | Blockchain RPC | | 22 | Aztec | 0.00 | -100.00% | 0.05 | 30.00 | Explorer API | via https://l2beat.com/scaling/activity The past week saw significant growth in activity among the leading L2s, with the exception of Arbitrum One, which experienced a decline. The most noteworthy uptick was StarkNet's 27% weekly increase in activity. Mantle and Linea also continued their progress up the ranking, both making it into the top 10 on the back of a greater than 20% weekly increase in activity.

r/CryptoCurrencySee Comment

The only advice i would give is that you make sure you buy an OPEN SOURCE hardware wallet thats NOT from CHINA.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

Why trust a company when the open source variant is just better????? Keepass, anyone?????? Why do ya'll keep trusting companies when there is a FREE OPEN SOURCE alternative.

r/CryptoMarketsSee Comment

Cold wallets. Anybody who doesn't trust himself or herself to secure their seed words probably shouldn't be in crypto in the first place. Step 1: Write down your seed words on paper. Then make a backup on metal (Cryptosteel, for example). Step 2: Put your paper and metal backup somewhere only you have access to. Somewhere you'll never forget. Step 3: Create a repeating reminder in your calendar app that says something like "Confirm my seed and check my wallet." Have it repeat once every six months. This may seem like overkill now, but as your crypto holdings increase, you'll realize how important it is to check up on things. Last, but not least: DON'T USE A LEDGER. For a trustworthy cold wallet, don't trust any code that can't be verified. For example: Do Ledger wallets have a backdoor? > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) ...they can't prove it. That means you can't trust it. Don't trust companies that aren't honest. The following was a lie: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) ...then Ledger added key extraction firmware to users devices. Don't trust companies that sell products which risk your privacy: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > SOURCE: [Ledger CEO Pascal Gauthier, on video](https://youtu.be/M3VjQUcyZSY?t=2342) ...he said that about one of his own products. For sure. Don't trust companies that can't even keep their data secure. Ledger has been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) ...if they can't even keep *their* data secure, don't trust them with yours. And don't trust companies that refuse to answer questions: Ledger is [deleting questions](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) in comments on their sub. Ledger is [shadowbanning](https://np.reddit.com/r/ledgerwallet/comments/144439c/ledger_please_answer_this_question/) the users who ask them. Ledger is [scrubbing their website](https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) to remove claims they've been making for years. Ledger is dirty. Ledger Can't Be Trusted. So, if anyone has read this far, maybe you're wondering which hardware wallets you CAN trust. Lots! ColdCard, Jade, Trezor, SeedSigner (one of my personal favorites) and others... basically, look for open source code. Open source all the way. And eff Ledger. They're dirty.

r/BitcoinSee Comment

That because Bitcoin has a CVE list it's a bad (OPEN SOURCE) project.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

Reposting this for exposure, Ethereum Layer 2 activity over the last week: | # | NAME | PAST DAY TPS | 7D CHANGE | MAX DAILY TPS | 30D COUNT | DATA SOURCE | |----:|:------------------|-------------:|----------:|-------------:|----------:|:-------------| | 1 | Ethereum | 12.10 | -2.86% | 22.37 | 30.97 M | Blockchain RPC | | 2 | zkSync Era | 11.69 | +34.93% | 13.44 | 27.62 M | Blockchain RPC | | 3 | Base | 8.60 | +73.74% | 15.88 | 13.39 M | Blockchain RPC | | 4 | Arbitrum One | 7.05 | +2.38% | 31.64 | 18.56 M | Blockchain RPC | | 5 | OP Mainnet | 5.00 | -29.31% | 10.43 | 17.78 M | Blockchain RPC | | 6 | Starknet | 4.95 | +52.14% | 6.49 | 9.65 M | Blockchain RPC | | 7 | Immutable X | 3.56 | -8.20% | 39.35 | 6.05 M | Closed API | | 8 | dYdX | 2.46 | -21.79% | 11.45 | 6.07 M | Closed API | | 9 | Arbitrum Nova | 1.70 | +30.14% | 10.93 | 3.75 M | Blockchain RPC | | 10 | Linea | 1.35 | +85.01% | 1.63 | 2.71 M | Blockchain RPC | | 11 | Mantle | 1.34 | +13.74% | 1.63 | 2.71 M | Blockchain RPC | | 12 | Zora Network | 1.24 | -6.78% | 1.63 | 1.62 M | Blockchain RPC | | 13 | ApeX | 0.92 | -22.19% | 1.38 | 2.56 M | Closed API | | 14 | zkSync Lite | 0.81 | +41.47% | 3.29 | 1.94 M | Explorer API | | 15 | Sorare | 0.80 | +21.05% | 2.31 | 1.43 M | Closed API | | 16 | Polygon zkEVM | 0.43 | +29.12% | 1.41 | 1.75 M | Blockchain RPC | | 17 | Metis Andromeda | 0.37 | +43.42% | 1.25 | 747 K | Blockchain RPC | | 18 | Myria | 0.07 | -50.16% | 10.27 | 451 K | Closed API | | 19 | Loopring | 0.04 | +18.46% | 1.48 | 130 K | Explorer API | | 20 | rhino.fi | 0.04 | +23.77% | 0.42 | 123 K | Closed API | | 21 | Public Goods Network | 0.02 | +41.62% | 0.02 | 19.28 K | Blockchain RPC | | 22 | Boba Network | <0.01 | +32.50% | 0.29 | 12.44 K | Blockchain RPC | | 23 | Aztec | <0.01 | +0.00% | 0.05 | 106 | Explorer API | via: https://l2beat.com/scaling/activity L2s continue to see surging activity. Major growth in activity was seen on several of major Rollups: zkSync Era, StarkNet, and the newcomer–which also saw rapid growth in the prior week—Coinbase's Base. Another highlight is Arbitrum Nova, which is a massively scalable Ethereum-based validium and home to Reddit Community Points (MOON and BRICK). It followed the prior week's trend and saw rapid activity growth.

r/CryptoCurrencySee Comment

Ethereum Layer 2 activity over the last week: | # | NAME | PAST DAY TPS | 7D CHANGE | MAX DAILY TPS | 30D COUNT | DATA SOURCE | |----:|:------------------|-------------:|----------:|-------------:|----------:|:-------------| | 1 | Ethereum | 12.10 | -2.86% | 22.37 | 30.97 M | Blockchain RPC | | 2 | zkSync Era | 11.69 | +34.93% | 13.44 | 27.62 M | Blockchain RPC | | 3 | Base | 8.60 | +73.74% | 15.88 | 13.39 M | Blockchain RPC | | 4 | Arbitrum One | 7.05 | +2.38% | 31.64 | 18.56 M | Blockchain RPC | | 5 | OP Mainnet | 5.00 | -29.31% | 10.43 | 17.78 M | Blockchain RPC | | 6 | Starknet | 4.95 | +52.14% | 6.49 | 9.65 M | Blockchain RPC | | 7 | Immutable X | 3.56 | -8.20% | 39.35 | 6.05 M | Closed API | | 8 | dYdX | 2.46 | -21.79% | 11.45 | 6.07 M | Closed API | | 9 | Arbitrum Nova | 1.70 | +30.14% | 10.93 | 3.75 M | Blockchain RPC | | 10 | Linea | 1.35 | +85.01% | 1.63 | 2.71 M | Blockchain RPC | | 11 | Mantle | 1.34 | +13.74% | 1.63 | 2.71 M | Blockchain RPC | | 12 | Zora Network | 1.24 | -6.78% | 1.63 | 1.62 M | Blockchain RPC | | 13 | ApeX | 0.92 | -22.19% | 1.38 | 2.56 M | Closed API | | 14 | zkSync Lite | 0.81 | +41.47% | 3.29 | 1.94 M | Explorer API | | 15 | Sorare | 0.80 | +21.05% | 2.31 | 1.43 M | Closed API | | 16 | Polygon zkEVM | 0.43 | +29.12% | 1.41 | 1.75 M | Blockchain RPC | | 17 | Metis Andromeda | 0.37 | +43.42% | 1.25 | 747 K | Blockchain RPC | | 18 | Myria | 0.07 | -50.16% | 10.27 | 451 K | Closed API | | 19 | Loopring | 0.04 | +18.46% | 1.48 | 130 K | Explorer API | | 20 | rhino.fi | 0.04 | +23.77% | 0.42 | 123 K | Closed API | | 21 | Public Goods Network | 0.02 | +41.62% | 0.02 | 19.28 K | Blockchain RPC | | 22 | Boba Network | <0.01 | +32.50% | 0.29 | 12.44 K | Blockchain RPC | | 23 | Aztec | <0.01 | +0.00% | 0.05 | 106 | Explorer API | via: https://l2beat.com/scaling/activity L2s continue to see surging activity. Major growth in activity was seen on several of major Rollups: zkSync Era, StarkNet, and the newcomer–which also saw rapid growth in the prior week—Coinbase's Base. Another highlight is Arbitrum Nova, which is a massively scalable Ethereum-based validium and home to Reddit Community Points (MOON and BRICK). It followed the prior week's trend and saw rapid activity growth.

r/BitcoinSee Comment

Maybe asking here is ONE SOURCE OF INFORMATION and using that to cross-reference? Does it make you feel good trying to bash on others? You just look plain pathetic to me, where's your self-worth? Nowhere to be found obviously.

Mentions:#ONE#SOURCE
r/CryptoCurrencySee Comment

Africa actually has one of the best crypto adoption rates right now with the worlds highest rate of retail crypto payments (80%. Insane!) Source: [SOURCE](https://www.coindesk.com/business/2022/09/29/crypto-is-quietly-thriving-in-sub-saharan-africa-chainalysis-report/?outputType=amp) They even created a way to send btc p2p using just sms to get around the lack or smart phones! [SOURCE](https://www.coindesk.com/tech/2022/12/20/machankuras-bitcoin-wallet-targets-africans-with-old-school-phones-and-no-internet/?outputType=amp) Considering the weak local governments and unstable currencies, plus lack of bank infrastructure there, it’s definitely one of the prime use case countries to show how true crypto adoption will work in the main stream. Also given how much they have been absolutely exploited by foreign powers over history, it may be what truly breaks them from the shackles of the World Bank’s monetary policies.

Mentions:#SOURCE
r/BitcoinSee Comment

Ledger recently built key extraction APIs into their firmware. Oh, whoa, holy hell, no. That's when I bailed on their hardware. API stands for Application Programming Interface. An API is basically a list of commands that, when received, output info or execute a function. For example, if you have Philips Hue smart lights, your lights have an API that allows apps to set your lights to whatever color, at whatever brightness and saturation. Pretty cool! Ledger added APIs on Ledger hardware to do KEY EXTRACTION. Granted, there are safety precautions in place, but still... Ledger hardware isn't supposed to have the ability to send the keys over the internet. That's what Ledger told us for YEARS. Then they wrote the code to do it and they put that code on our devices as part of the firmware. Hell no. That's not ok. [Here's more info, with quotes from Ledger](https://www.reddit.com/r/Bitcoin/comments/15uuhex/after_whats_felt_like_an_eternity_of_buying_2/jwu3ygy/), but this one quote pretty much says it all: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) ...they can't prove their hardware doesn't have backdoors that can be exploited by them, by other companies, or by hackers?!?!? ...they can't prove their hardware is SAFE?!?!? Hell no. I'm done with Ledger.

r/BitcoinSee Comment

Ledger has gone evil. They're now implementing key extraction firmware even if you don't subscribe to their upcoming "Recover" subscription service. [I posted a thorough explanation HERE](https://www.reddit.com/r/Bitcoin/comments/15uuhex/after_whats_felt_like_an_eternity_of_buying_2/jwu3ygy/). But here's a few quick highlights: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) Can't prove it? Efffff THAT. > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > SOURCE: [Ledger CEO Pascal Gauthier, on video](https://youtu.be/M3VjQUcyZSY?t=2342) ...he said that about one of his own products? EFFF THAT. [Read the whole comment HERE](https://www.reddit.com/r/Bitcoin/comments/15uuhex/after_whats_felt_like_an_eternity_of_buying_2/jwu3ygy/). Ledger is evil. They used to be great (or maybe they've always been evil but fooled some of us, myself included?). Ledger can't be trusted.

Mentions:#SOURCE#CEO
r/CryptoCurrencySee Comment

TLDR of that Incident: On October 6th, Binance’s BSC Token Hub cross-chain bridge was exploited by hackers who drained $570 million worth of assets from it. Binance halted Binance Smart Chain and managed to freeze $7 million in funds after pushing an update that froze accounts. For Further Details: [SOURCE 1](https://www.bankinfosecurity.com/binance-restores-cross-chain-bridge-after-569m-attack-a-20227) [SOURCE 2](https://www.pymnts.com/news/security-and-risk/2022/binance-back-in-action-following-100m-cross-chain-bridge-hack/)

Mentions:#SOURCE
r/CryptoCurrencySee Comment

WHY IS THIS MARKED UNRELIABLE SOURCE ^(It seems like a perfectly reasonable way to predict pricing)

Mentions:#SOURCE
r/BitcoinSee Comment

More to the point, he is now on a list…. Change his phone number, change his email. If he isn’t strong enough to say no they will recycle his data and badger him endlessly. They will also tell him NOT to tell anyone in his family or his bank or his friends… Also ensure he hasn’t downloaded any apps or given any access rights up for any bank or coinbase or any other exchange. These guys don’t just say invest 2k, they say we will do it for you and wheedle out the means to do so. REMEMBER HE IS ON A LIST NOW! SOURCE: 2 of my employees got stung by a similar boiler room and even after it all came out and even when shown them their wallet address was fake and the cascade of their money through multiple wallets that they had transacted to and that they had zero bitcoins not three like they thought they still were targeted with calls and emails and messages that they could be helped to shift their funds off exchange with just another deposit to cover transaction fees etc etc. These guys will keep coming until you break contact lines. P.S. we recovered their funds through their bank as they even went to the bank to ask for a loan to ‘buy more Bitcoin’ at the behest of the scammers and the bank did sweet fa to stop it.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

Check out the Ethereum Layer 2 space, where most of the growth now is. Here is a snapshot of Ethereum Layer 2 activity, to give you a 'lay of the land': | # | NAME | PAST DAY TPS | 7D CHANGE | MAX DAILY TPS | 30D COUNT | DATA SOURCE | |----:|:-------------------------|-------------:|----------:|-------------:|------------:|:--------------| | 1 | Ethereum | 12.01 | -1.12% | 22.37 | 31.31 M | Blockchain RPC | | 2 | zkSync Era | 10.21 | -0.93% | 12.85 | 27.01 M | Blockchain RPC | | 3 | Base | 8.76 | +46.48% | 8.76 | 6.31 M | Blockchain RPC | | 4 | Arbitrum One | 7.16 | +8.39% | 31.64 | 20.26 M | Blockchain RPC | | 5 | OP Mainnet | 6.62 | -18.81% | 10.93 | 19.50 M | Blockchain RPC | | 6 | Starknet | 3.88 | +23.71% | 6.49 | 7.76 M | Blockchain RPC | | 7 | Immutable X | 1.91 | -18.90% | 39.35 | 5.70 M | Closed API | | 8 | Arbitrum Nova | 1.73 | +7.44% | 10.93 | 3.81 M | Blockchain RPC | | 9 | dYdX | 1.50 | -42.04% | 11.45 | 7.41 M | Closed API | | 10 | Mantle | 1.40 | +37.61% | 1.63 | 1.46 M | Blockchain RPC | | 11 | Linea | 1.06 | +16.62% | 1.63 | 2.38 M | Blockchain RPC | | 12 | ApeX | 0.97 | -9.22% | 1.38 | 2.56 M | Closed API | | 13 | Zora Network | 0.90 | +6.00% | 1.00 | 1.96 M | Blockchain RPC | | 14 | zkSync Lite | 0.70 | -2.57% | 3.29 | 2.06 M | Explorer API | | 15 | Sorare | 0.66 | +26.58% | 2.31 | 1.13 M | Closed API | | 16 | Public Goods Network | 0.50 | -1.07% | 0.51 | 1.30 M | Blockchain RPC | | 17 | Polygon zkEVM | 0.42 | -65.49% | 1.41 | 1.91 M | Blockchain RPC | | 18 | Metis Andromeda | 0.26 | -16.34% | 1.25 | 822 K | Blockchain RPC | | 19 | Myria | 0.24 | +0.00% | 10.27 | 570 K | Closed API | | 20 | rhino.fi | 0.07 | +36.04% | 0.42 | 181 K | Closed API | | 21 | Loopring | 0.04 | -14.65% | 1.48 | 132 K | Explorer API | | 22 | Boba Network | 0.02 | +312.57% | 0.29 | 12.43 K | Blockchain RPC | | 23 | Aztec | 0.00 | +0.00% | 0.05 | 95.00 | Explorer API | via https://l2beat.com/scaling/activity Base continues to see surging activity. Arbitrum Nova, which is where Reddit's community points (minus Donuts) are hosted, also saw significant growth, likely due to the recent price gains seen in MOON and BRICK. Other notable surges: StarkNet, the zkSTARK based Rollup, Mantle which uses ETH re-staking technology through EigenLayer’s EigenDA to achieve massive scalability, and Sorare, which is a StarkEx-based Validium focused on digital collectibles.

r/CryptoCurrencySee Comment

Ethereum Layer 2 activity update: | # | NAME | PAST DAY TPS | 7D CHANGE | MAX DAILY TPS | 30D COUNT | DATA SOURCE | |----:|:-------------------------|-------------:|----------:|-------------:|------------:|:--------------| | 1 | Ethereum | 12.01 | -1.12% | 22.37 | 31.31 M | Blockchain RPC | | 2 | zkSync Era | 10.21 | -0.93% | 12.85 | 27.01 M | Blockchain RPC | | 3 | Base | 8.76 | +46.48% | 8.76 | 6.31 M | Blockchain RPC | | 4 | Arbitrum One | 7.16 | +8.39% | 31.64 | 20.26 M | Blockchain RPC | | 5 | OP Mainnet | 6.62 | -18.81% | 10.93 | 19.50 M | Blockchain RPC | | 6 | Starknet | 3.88 | +23.71% | 6.49 | 7.76 M | Blockchain RPC | | 7 | Immutable X | 1.91 | -18.90% | 39.35 | 5.70 M | Closed API | | 8 | Arbitrum Nova | 1.73 | +7.44% | 10.93 | 3.81 M | Blockchain RPC | | 9 | dYdX | 1.50 | -42.04% | 11.45 | 7.41 M | Closed API | | 10 | Mantle | 1.40 | +37.61% | 1.63 | 1.46 M | Blockchain RPC | | 11 | Linea | 1.06 | +16.62% | 1.63 | 2.38 M | Blockchain RPC | | 12 | ApeX | 0.97 | -9.22% | 1.38 | 2.56 M | Closed API | | 13 | Zora Network | 0.90 | +6.00% | 1.00 | 1.96 M | Blockchain RPC | | 14 | zkSync Lite | 0.70 | -2.57% | 3.29 | 2.06 M | Explorer API | | 15 | Sorare | 0.66 | +26.58% | 2.31 | 1.13 M | Closed API | | 16 | Public Goods Network | 0.50 | -1.07% | 0.51 | 1.30 M | Blockchain RPC | | 17 | Polygon zkEVM | 0.42 | -65.49% | 1.41 | 1.91 M | Blockchain RPC | | 18 | Metis Andromeda | 0.26 | -16.34% | 1.25 | 822 K | Blockchain RPC | | 19 | Myria | 0.24 | +0.00% | 10.27 | 570 K | Closed API | | 20 | rhino.fi | 0.07 | +36.04% | 0.42 | 181 K | Closed API | | 21 | Loopring | 0.04 | -14.65% | 1.48 | 132 K | Explorer API | | 22 | Boba Network | 0.02 | +312.57% | 0.29 | 12.43 K | Blockchain RPC | | 23 | Aztec | 0.00 | +0.00% | 0.05 | 95.00 | Explorer API | via https://l2beat.com/scaling/activity Base continues to see surging activity. Arbitrum Nova, which is where Reddit's community points (minus Donuts) are hosted, also saw significant growth, likely due to the recent price gains seen in MOON and BRICK.

r/CryptoCurrencySee Comment

And the fact that they lied about it. Look at the date of this quote: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) If somebody wanted to sue Ledger for fraud, all they'd have to do is document their quotes with dates, and compare those dates to the dates on the contracts Ledger signed with the other companies involved in their key extraction "Recover" service. Ledger is so dirty. They're [deleting questions](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) in comments on their sub. They're [shadowbanning](https://np.reddit.com/r/ledgerwallet/comments/144439c/ledger_please_answer_this_question/) the users who ask them. They're [scrubbing their website](https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) to remove claims they've been making for years.

Mentions:#SOURCE
r/BitcoinSee Comment

**Wanted to leave my personal opinions out of OP so I'll post them here; An alternate way to look at this:** 1. Coldcard put profits ahead of consumers. Many consumers bought Coldcard because they were open-source; and now they are no longer open-source. If they will switch on such a core tenet, what else will they switch for profits? 2. Coldcard complaining because someone duplicated their FOSS code in a new product is dumb. ITS OPEN SOURCE, isnt that kinda the point. Your code is duplicatable and and is used by others which helps building and vetting upon the code. They didn't forsee this happening? 3. If Coldcard had a meaningful and active bug bounty program, I'd be a lot more comfortable with this. But they don't. Again just my personal opinion... with all the existing wallet options who are actually open-source, this is enough for me to eliminate Coldcard as a hardware wallet option. I understand wanting to remain brand-loyal though, but brand loyalty is not something I consider when it comes to security. Their products do admittedly look really cool though but I no longer consider using wallets that aren't open-source.

r/CryptoMarketsSee Comment

No way would I give them my biometric data. Can you imagine if their database gets hacked? When Ledger's security got hacked it was baaaaaad: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) ...but having your biometric data getting stolen could be worse, especially as technology advances. Hell no. I wouldn't go near this thing.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

I see “RELIABLE SOURCE” . The red dot 🔴 is a buy signal.

Mentions:#SOURCE
r/BitcoinSee Comment

Everyone has the daydream of having their own money printer. The mechanism through which you acquire this frictionless money varies from person to person but the core idea is the same. Someone created a protocol which basically created value. AND ITS OPEN FUCKING SOURCE. Of course everyone was going to copy/paste it.

Mentions:#OPEN#SOURCE
r/CryptoMarketsSee Comment

> I guess I made the right decision between Trezor and Ledger. You did - but - you need to secure your Trezor. Not because some super talented hacker with an entire lab is going to sneak in and steal your Trezor so he can hack it. You need to secure your Trezor because safety matters. I'm not criticizing you though. I made mistakes too. For starters, I bought two Ledger hardware wallets even though Ledger's code isn't fully open. That was *ME* not doing my homework enough and getting burned. Luckily, I didn't lose any crypto, but I'm bailing on Ledger before they get hacked. > this is my own Journey Hey, no worries. Here's some advice to help you stay safe. And I mean this sincerely. 1: Make sure you have your seed words written down on paper, and make a metal backup too (use something like Crypto Steel. OR google it for tons of other options). Secure those seed words in 2 locations only you have access to. Those words are the keys to your kingdom. 2: Secure your hardware wallet too, just to be safe. And never tell anyone you own crypto. I know it's fun to talk about, but if you tell people, you make yourself a target. Stay safe. 3: Not your keys, not your coins. Only use open source hardware and software. Anything that isn't 100% open can't be verified, which means it can't be trusted. Here's an example. In the Ledger sub, somebody asked if Ledger code has any backdoors: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) He can't prove it because their code isn't fully open, which means it can't be trusted. Last, but not least: 4: Try your best to plan for the future. I treat every Bitcoin purchase as coins to hold for at least 4 years. Best of luck to you.

Mentions:#SOURCE
r/CryptoMarketsSee Comment

Ledger is the ONLY hardware wallet that added key extraction code to their firmware. Also, Ledger's code isn't fully open, which means much of it can't be verified. Go with a hardware wallet that uses fully open source code. My favorite is SeedSigner, but there are plenty of other good options, including Trezor. > curious to know how many of these flaws trezor holds Zero. Trezor is safe. Trezor's code is fully open source in terms of being able to be viewed and verified. Technically, being "fully" open source also means the code can be used by others in their own projects. For example, SeedSigner created SeedQR, and since SeedSigner is 100% open source, anybody can take any or all of it for their own projects. Blockstream Jade took SeedQR and built it into their Jade hardware wallet. Trezor's code isn't open for other companies or projects to use in their own stuff, but it is fully open to view and verify, which means it can be trusted. Ledger's code isn't fully open to be viewed or verified, which means you have to trust them... but trusting them is very foolish, especially now that they're lying to their customers. For example, this was a lie: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) And notice the date on that lie: May 14th, 2023. By May 14th, Ledger was already pushing key extraction firmware... so, they were telling people "Your keys are always stored on your device and never leave it" while they were uploading firmware that extracts keys over the internet from user's devices. That's fraud.

Mentions:#SOURCE
r/CryptoMarketsSee Comment

Ledger is doing the same thing. They're [deleting questions](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) in comments on their sub. They're [shadowbanning](https://np.reddit.com/r/ledgerwallet/comments/144439c/ledger_please_answer_this_question/) the users who ask them. They're [scrubbing their website](https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) to remove claims they've been making for years. They're dirty. **Ledger Can't Be Trusted.** Ledger's word can't be trusted. The following was a lie: > Your keys are always stored on your device and never leave it > SOURCE: [btchip, Ledger Co-Founder, on May 14th, 2023](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/) Ledger's security can't be trusted. They've been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) Ledger's code can't be trusted. It can't be verified: > There's no backdoor and I obviously can't prove it > SOURCE: [btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) Ledger can't be trusted with your privacy. Their CEO said so: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > SOURCE: [Ledger CEO Pascal Gauthier, on video](https://youtu.be/M3VjQUcyZSY?t=2342) He said that about one of his own products. For sure. Eff Ledger.

Mentions:#SOURCE#CEO
r/BitcoinSee Comment

Being open source helps others improve existing code + identify potential bugs, bc others are actively using + building on the code. Coldcard no longer benefits from this An alternate way to look at this is: Coldcard put profits ahead of consumers. Many consumers bought Coldcard because they were open-source; they are no longer open-source. If they will switch on such a core tenet, what else will they switch for profits? Crying because someone duplicated your FOSS code in a new product is dumb. ITS OPEN SOURCE With all the existing wallet options who are open-source, this is enough for me to eliminate Coldcard as an option. I understand wanting to remain brand-loyal though, but brand loyalty is not something I consider when it comes to security

Mentions:#OPEN#SOURCE
r/BitcoinSee Comment

Get an OPEN SOURCE hardware wallet thats NOT from CHINA. Keystone and jade are from china. And coldcard is not open source.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

Lots of people did actually know. It's crazy to me how many people can't see the forest for the greed.... I mean trees. Bitcoins invention allowed digital scarcity to exist. It allowed value to be created and it was OPEN SOURCE. Everyone has the money printer fantasy. Regardless of what mechanism it takes place in, be it winning competitions without friction or finding a huge sack of money we all have that day dream of getting value for little to no effort. Well guess what... all you have to do is pick a cute little icon, say some buzzwords, make a bullshit roadmap, lie to people and then copy and paste some code to accomplish this. That's all these tokens are and it's insane people don't see it.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

I got a trezor model t. I think its great. But it doesnt matter to much which hardware wallet you get as long you get an OPEN SOURCE hardware wallet thats NOT from CHINA.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

I'm not saying you wrong, but.... &#x200B; >should learn from the recent Ledger debacle This was caused by Ledger flat out lying and abusing their trust. Like they flat out made a service that went against what they said and still are pushing it. In fact, they are forcing it on current users since the update which allows it is being forced if you want to do anything with your device. Like some say you have to sign. BUT WITHOUT IT BEING OPEN SOURCE. HOW DO YOU KNOW? We have no idea of the pit falls around this. But again, they flat out lied, then blame the user base saying we don't know how a hardware wallet works. They literally said it a number of times.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

Their system is falling apart. By the way, It's called OPEN-SOURCE

Mentions:#OPEN#SOURCE
r/BitcoinSee Comment

I would say move it to a wallet when its around 0.04/0.05 btc is. NEVER but really NEVER put it in an atomic wallet. Atomic fuckd up big time and around $100.000.000 worth of crypto was stolen from users not that long ago. Atomic wallet is a closed source wallet. They put a update out and made the wallet vulnerable for a hack and everyone who updated lost their private keys. I got a trezor model t and i really like it. It doesnt matter to much what wallet you do as long as it is an OPEN SOURCE (hardware) wallet thats not from CHINA.

Mentions:#OPEN#SOURCE
r/BitcoinSee Comment

I use a trezor and i really like it. But it doesnt matter to much. As long you got an OPEN SOURCE hardware wallet thats NOT from CHINA.

Mentions:#OPEN#SOURCE
r/CryptoCurrencySee Comment

Definitely an "UNRELIABLE SOURCE"

Mentions:#SOURCE
r/CryptoCurrencySee Comment

Thanks. I added it to my list of Ledger lies and info. This is the basic summary I've been sharing: Ledger's word can't be trusted. The following was a lie: > Hi - your private keys never leave the Secure Element chip, which has never been hacked. The Secure Element is 3rd party certified, and is the same technology as used in passports and credit cards. A firmware update cannot extract the private keys from the Secure Element. > SOURCE: [@Ledger 8:12 AM · Nov 15, 2022](https://twitter.com/Ledger/status/1592551225970548736) Ledger's security can't be trusted. They've been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) Ledger's code can't be trusted. It can't be verified: > There's no backdoor and I obviously can't prove it > SOURCE: [--btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) Ledger can't be trusted with your privacy. Their CEO said so: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > SOURCE: [Ledger CEO Pascal Gauthier, on video](https://youtu.be/M3VjQUcyZSY?t=2342) He said that about one of his own products. For sure. Ledger Can't Be Trusted.

Mentions:#SOURCE#CEO
r/CryptoCurrencySee Comment

If the HW is air-gapped but comes from china it doesnt sound trust worthy to me. Make sure that you hardware wallet is OPEN SOURCE and NOT from CHINA.

Mentions:#OPEN#SOURCE
r/BitcoinSee Comment

> I’ve had my assets on ledgers for years Me too. For years. Then Ledger added seed extraction firmware. Owning crypto means being your own bank. Only you can decide how important your security is to you. Ledger lied. When I could no longer trust their word, I knew I couldn't trust their devices either. For me, this sums it up: Ledger's word can't be trusted. The following was a lie: > Hi - your private keys never leave the Secure Element chip, which has never been hacked. The Secure Element is 3rd party certified, and is the same technology as used in passports and credit cards. A firmware update cannot extract the private keys from the Secure Element. > SOURCE: [@Ledger 8:12 AM · Nov 15, 2022](https://twitter.com/Ledger/status/1592551225970548736) Ledger's security can't be trusted. They've been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) Ledger's code can't be trusted. It can't be verified: > There's no backdoor and I obviously can't prove it > SOURCE: [--btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) Even Ledger's CEO said not to use their product if your privacy is of the utmost importance: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2342): Ledger CEO Pascal Gauthier That's what Ledger's CEO said that about one of his own products. For sure. But hey, only you can decide what's right for you. Whatever choice you make, I hope it works out.

Mentions:#SOURCE#CEO
r/BitcoinSee Comment

> Are you sure your seed is compromised? That's the problem with Ledger. Their code isn't open, so there's no way to know if a seed is compromised: > There's no backdoor and I obviously can't prove it > [SOURCE](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/): btchip, Ledger owner & co-founder ...and since it's known that they have key extraction code in their firmware, there's no way to know for sure - FOR SURE - if your seed is safe. People keep making assumptions, and that's fine, but there's no way to know for sure. In my opinion, that means any seed used on a Ledger device has to be considered compromised, or at the very least, possibly compromised. > "You now have an API in your firmware to extract seeds" > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=1243): Rodolfo Novak, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier

r/CryptoCurrencySee Comment

A bank in the U.S. is FDIC insured. Ledger's new business model is basically [Trust Me Bro](https://twitter.com/oskararnarson/status/1659598900473241601). And that's the issue. Hardware wallets are supposed to be cold wallets, meaning your keys are never exposed to the internet. Ledger sold over 6 million cold wallets and then retroactively turned them into hot wallets by building internet key extraction into the firmware. That's fraud. They said they would never do such a thing. They said it on their website: > "The secret keys or seed are never exposed to the BLE stack and never, ever leave the Secure Element." > [SOURCE](https://www.ledger.com/ledger-nano-x-bluetooth-security-model-of-a-wireless-hardware-wallet/): Ledger.com > "This means that, beyond keeping your private key offline and away from hackers, the Ledger device itself is also completely impenetrable from external threats" > [SOURCE](https://www.ledger.com/academy/basic-basics/2-how-to-own-crypto/what-is-a-crypto-wallet): Ledger.com That was a lie. They said it on reddit too: > Your keys are always stored on your device and never leave it > [SOURCE](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/): btchip, Ledger Co-Founder, on May 14th, 2023 That was a lie. They said it on Twitter too: > Hi - your private keys never leave the Secure Element chip, which has never been hacked. The Secure Element is 3rd party certified, and is the same technology as used in passports and credit cards. A firmware update cannot extract the private keys from the Secure Element. > SOURCE: [@Ledger 8:12 AM · Nov 15, 2022](https://twitter.com/Ledger/status/1592551225970548736) LIES. LIES. LIES. They can't say keys never leave the device when they wrote firmware to extract keys from the device. And now, they're getting called out on their lies. > "You now have an API in your firmware to extract seeds" > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=1243): Rodolfo Novak, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier Ledger's key extraction includes other companies. What happens if those companies want to give up your keys? Here's what Ledger's CEO says: > "These companies are not slaves to Ledger. We just have commercial agreement." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2393): Ledger CEO Pascal Gauthier > "Great, so now the Department Of Justice calls you and says "We are charging so and so with X, Y and Z. Get two of your vendors to send us the Bitcoin keys." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2608): Harry Sudock, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier **But there's an even bigger issue:** The point of a hardware wallet is to prevent your keys from being exposed to the internet. Ledger wrote key extraction firmware and is putting it on our wallets even if we don't opt-in to their Recover service. That code is on your device, even if you don't opt in. Imagine what will happen if their key extraction APIs get hacked. Do you think hackers will tell the world they hacked Ledger? Hell no. They're not going to want anyone to know, because if Ledger found out they've been hacked, Ledger could patch the firmware, blocking the hackers from stealing more keys. NO. If Ledger's key extraction APIs get hacked, the hackers are going to keep it a secret. They're going to steal as many keys as possible before they start draining wallets... that way, when they do start draining wallets, it will be too late for Ledger or anyone else to do anything about it. When Ledger's key extraction code gets hacked, we'll never know. But the results could be devastating for anyone foolish enough to trust Ledger with their coins. **Ledger Can't Be Trusted.** Ledger's word can't be trusted. They lie: > "Private data, such as your private keys will be protected and never leave the device due to the combination of BOLOS and the Secure Element." > [SOURCE](https://www.ledger.com/academy/security/our-custom-operating-system-bolos/): Ledger.com Ledger's security can't be trusted. They've been hacked: > Ledger wallet users face mounting home invasion and other scareware threats as hacker dumps private customer information online. > SOURCE: [Cointelegraph, December 24th, 2020](https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers) Ledger's code can't be trusted. It can't be verified: > There's no backdoor and I obviously can't prove it > SOURCE: [--btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) Ledger Can't Be Trusted. Their CEO literally said, if your privacy is of the utmost importance, please do not use their product, for sure: > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2342): Ledger CEO Pascal Gauthier He said that about one of his own products. That's a direct quote. For sure. **Here's The Bottom Line:** Owning crypto means being your own bank. It's up to you to decide how important your security is to you. If you trust Ledger, stick with them, but if you do, you can't say you weren't warned.

r/BitcoinSee Comment

Oh. Muh. GAWD. The funny thing is, this reminds me of when I was first getting started in crypto. I've been looking back on my notes from 2017/2018/2019. So many of the companies and projects I wrote down are gone. I'm glad I didn't go down with them. The more I learned, the more convinced I became that self custody is the way. The mistake I made there was trusting Ledger and their closed-source nonsense. Eff Ledger and their key extraction firmware. I haven't lost anything, but I'm moving away from their hardware before they get the chance to get hacked or who knows what else. Ledger can't be trusted. I won't be surprised at all if Ledger ends up on a future list like this someday. By turning their cold wallets into hot wallets, they're opening up their users to potential disaster. It's just a matter of time. Eff Ledger. > "You now have an API in your firmware to extract seeds" > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=1243): Rodolfo Novak, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2342): Ledger CEO Pascal Gauthier Ledger's key extraction includes other companies. What happens if those companies want to give up your keys? Here's what Ledger's CEO says: > "These companies are not slaves to Ledger. We just have commercial agreement." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2393): Ledger CEO Pascal Gauthier > "Great, so now the Department Of Justice calls you and says "We are charging so and so with X, Y and Z. Get two of your vendors to send us the Bitcoin keys." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2608): Harry Sudock, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier I'm so done with Ledger.

r/CryptoCurrencySee Comment

I said alot of times and i will say it again : Buy an OPEN SOURCE hardware wallet thats NOT from CHINA.

Mentions:#OPEN#SOURCE
r/BitcoinSee Comment

Open source code. The device can be used airgapped. The device can be used stateless, meaning you can use it without even saving your seed in the device (thus, if the device gets stolen, there's no information on it). And it's really affordable. Bang for buck, it's probably the best option on the market. There are better wallets, like ColdCard, but that's more expensive. There are cheaper options, like SeedSigner, but that involves a lot of DIY. Also, I own a Jade, so since I trust it (open source FTW!) I'll stick with it. P.S. Eff Ledger and their seed extraction firmware. > "You now have an API in your firmware to extract seeds" > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=1243): Rodolfo Novak, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier

r/CryptoCurrencySee Comment

SOURCE: ? Please stop making assumptions. Nigeria's GDP amounted to 441.5 billion U.S. dollars in 2021, the highest in Africa. To follow, South Africa's GDP was worth 418 billion U.S. dollars [https://www.statista.com/statistics/1120999/gdp-of-african-countries-by-country/#:\~:text=Nigeria's%20GDP%20amounted%20to%20441.5,second%2Dhighest%20on%20the%20continent](https://www.statista.com/statistics/1120999/gdp-of-african-countries-by-country/#:~:text=Nigeria's%20GDP%20amounted%20to%20441.5,second%2Dhighest%20on%20the%20continent).

Mentions:#SOURCE
r/CryptoCurrencySee Comment

Ledger sold over 6 million cold wallets. Then, through a firmware update, they retroactively turned them into hot wallets. By definition, Ledger devices are now hot wallets. > "You now have an API in your firmware to extract seeds" > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=1243): Rodolfo Novak, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier > "If, for you, your privacy is of the utmost importance, please do not use that product, for sure." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2342): Ledger CEO Pascal Gauthier Ledger's key extraction includes other companies. What happens if those companies want to give up your keys? Here's what Ledger's CEO says: > "These companies are not slaves to Ledger. We just have commercial agreement." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2393): Ledger CEO Pascal Gauthier > "Great, so now the Department Of Justice calls you and says "We are charging so and so with X, Y and Z. Get two of your vendors to send us the Bitcoin keys." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2608): Harry Sudock, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier

r/CryptoCurrencySee Comment

There's no way to be sure the Nano S doesn't contain key extraction code too. That's an important point I think a lot of people don't understand. Ledger's code isn't open, so there isn't any way to confirm it only does what they say it does. Ledger admits this: > There's no backdoor and I obviously can't prove it > SOURCE: [--btchip, Ledger owner & co-founder](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) Ledger keeps telling people to read the FAQ on their website for answers about their Recover key extraction APIs and subscription service, but Ledger is also scrubbing their website to remove claims they've made for years which are no longer true, so how can we trust anything in the new FAQ will still be true tomorrow, if it's even true today? Ledger refuses to answer questions. They're [deleting questions](https://np.reddit.com/r/ledgerwallet/comments/13itm7u/is_there_a_backdoor_yes_or_no/jkbvys7/) in comments on their sub. They're [shadowbanning](https://np.reddit.com/r/ledgerwallet/comments/144439c/ledger_please_answer_this_question/) the users who ask them. They're [scrubbing their website](https://np.reddit.com/r/ledgerwallet/comments/13z1yew/ledger_updates_academy_articles/) to remove claims they've been making for years. They're dirty. Here's my favorite Ledger quote. Note that I link to its source. Also note the date, because that's important: > Your keys are always stored on your device and never leave it > [SOURCE](https://np.reddit.com/r/ledgerwallet/comments/13gs0xn/using_ledger_with_3rd_party_wallets/jk34kcn/): btchip, Ledger Co-Founder, on May 14th, 2023 Ledger must have been working on Recover for months, if not over a year, right? Because it takes a lot of work to code something like that, not to mention the time needed to get the other companies on board and finalize contracts with those companies, right? And yet Ledger was still saying THAT a few weeks ago? "[Trust Me Bro](https://twitter.com/oskararnarson/status/1659598900473241601)"? I say no. They're dirty.

Mentions:#SOURCE
r/CryptoCurrencySee Comment

Yeah, that interview was really bad for Ledger. Everybody should watch it. Here's a link to the interview on youtube: https://www.youtube.com/watch?v=M3VjQUcyZSY And here are a few highlights, with timestamps: > "You now have an API in your firmware to extract seeds" > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=1243): Rodolfo Novak, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier > "If, for you, your privacy is of the utmost importance, please do not use the product, for sure." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2342): Ledger CEO Pascal Gauthier Ledger's key extraction includes other companies. What happens if those companies want to give up your keys? Here's what Ledger's CEO says: > "These companies are not slaves to Ledger. We just have commercial agreement." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2393): Ledger CEO Pascal Gauthier > "Great, so now the Department Of Justice calls you and says "We are charging so and so with X, Y and Z. Get two of your vendors to send us the Bitcoin keys." > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2608): Harry Sudock, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier > Rodolfo Novak: "Isn't it an issue now that you have the KYC plus the Bitcoin, together? Right, because just losing the KYC... it's a problem, it sucks, right? But you don't lose the Bitcoin. Now, you have the KYC plus the coins." > Pascal Gauthier: "...so?" > [SOURCE](https://youtu.be/M3VjQUcyZSY?t=2306): Rodolfo Novak, discussing Ledger Recover in a video interview with Ledger CEO Pascal Gauthier I don't trust Ledger at all.