Update on the lost ledger nano story:
Yesterday, my wife actually said to me that i seem to look worried, while in the middle of the lost ledger quest (Not because of the Covid).
I told my story and she said: "Hey, you told me you were hiding it in the basement, because you were worried that you can't remember when we return from the holidays."
Good girl
So i went into meditation a couple of times, until i had remembered some kind of dark picture of the place where i put the fucking thing.
And then it clicked. I had put the ledger in an empty packaging of some usb device (bluetooth stick?) where it did fit really tightly.
A few weeks after our vacation i was clearing out old stuff in the basement, and i almost know now that i had thrown the ledger nano away.
So there's a little chance that i didn't go to the recycling center but threw it in an intermediate container, no need to be too precise here. I plan to look through the (luckily, non-organic) waste later on.
If i can't find it there, it's lost for sure. If somebody finds it, that somebody has three attempts to guess the pin code, then it will auto-reset on failure.
Seems safe to restore the wallet(s) to the spare ledger i happen to own.
But i failed to decide if i would create a new key and transfer my Bitcoin from a recovered software-wallet. I am not sure which way is the safer one.
Any suggestions?
Well, I am glad that you are narrowing upon where the ledger was last seen, and you are also narrowing in on the likelihood of it not likely being recovered, even though it might be found.
I do think that you probably gave us more details than we might have needed to know, even though surely details do sometimes help in terms of telling a story - and so gosh maybe even some kind of a disclaimer regarding this part may or not be true.. but.. this is kind of where I might have put it.. and surely it might not really matter that much if you gave that many details. but sometimes I actually say.. for example, it could be here, here and here.. and whether those are actually what I did or might have done, there can be some advantages in terms of retaining some plausible deniability.. even if it doesn't end up being an issue.. but we are dealing with potentially milllions of internet users, bots and even future users/bots.
I think that I already suggested that it would probably be a good idea to move your coins to another seed, even though surely the secure element of the ledger does lend some protections that might not be contained in some other storage devices.. including some aspects of the trezor.. and sometimes moving coins around can help to combine and/or even to make smaller lots of some UTXOs.. so let's say that you were to have 21 BTC that were in 21 different UTXOs, you could end up maintaining the same quantity of addresses because on average it does not seem to be too much to have an average of 1 BTC per UTXO.. but you might not necessarily want them all to be the same... so you might have several UTXOs that are ONLY in the less than $1k price range.. so around 0.05 BTC.. and then maybe others that are middle range and then others that might be several BTC. it is hard to know for sure.
Your reluctance towards moving the BTC and creating a new seed likely has to do with how much work it might be and then various transactional costs and then also maybe even needing to update some of your records.. so surely it is understandable that there are costs, and you seem reluctant not to do it... which surely might end up playing out well.. I have gone through a few of those kinds of moving the UTXOs over to a new seed, and I agree it can be a decent amount of work and it also does not even necessarily resolve some of the privacy and security issues. I had some historical cases in which I actually ended up making my privacy and security worse, even though I had not realized the full extent of the matter until several years later.. so sometimes once it is done then there might be additional questions regarding whether to leave the situation as it is or to again make some additional changes, which might involve moving some coins around or some other pieces of information (coins are also information, but then information sometimes might not have any coins, but it might be information about the coins).
EDIT: There is a small chance that the device's key store can be read out through some bug or quantum magic (maybe, i don't count on it), IF even somebody had found the ledger and any clue how to use it. Smallish, very smallish chance, though. This would make the restore method on a new device less secure, of course.
But less secure than re-creating the wallet in Electrum and transfering the coins via protocol to the newly setup ledger wallet...
It seems as if you are weighing through a lot of the relevant matters. and surely there are several of us who are not fans of ledger.. and hey sometimes you might have an excuse to move some of your coins over to some other types of devices, and yeah it is more things to remember, but isn't part of developing memory and improving memory to challenge yourself from time to time, including sometimes making some changes.. yes. .I know even those of us who do not claim to have memory problems can sometimes end up either having memory problems or even getting hit on the head, so it is not like we should just be adding more complications and things to remember for the mere sake of it, rather than having some reasonable and/or even prudent justifications for our chosen (discretionary) courses of action.
I told you that we were living in a world on the brink. Where every slight… every injustice… where every choice reveals our sins. And where have those sins lead us? Where have those sins led you?
I have tried not to be overly judgmental of others without at least having some evidence to back it up... .
so seems a bit strange to be speaking in such generalities as if you were on some kind of a superior journey.
Many of us already can see that you could not be on anything close to a superior journey as compared to anyone holding at least some bitcoin, since your ongoing argumentative state in this here thread seems to show that you seem to be choosing coiner abstinence, up until this point.. which neither seems wise nor enlightened in any kind of a meaningful and/or substantive way.
Even in a religious and/or morality context there does seem to be quite a bit of acceptance towards self-preservation - even though there seems to be praisings upon various ways to give back to society too.. How any of us might choose our own ways of giving back would likely vary too.. and maybe some folks are more effective and honest than others. I am not claiming to know for sure.
The stock market is rallying and Bitcoin is seeing a slow slide downward. I’ll admit, this is not the movement I was hoping for. It does feel like markets are returning to normal again though. Cheering wars and bad economic news in the hopes the printing press is about to be fired up while rates get slashed. The world is addicted to easy money.
Expect it or not, but this is what is happening in the market. The red candle comes again. Who knows how far the price will fall? Just hope it does not fall below $26k-$27k.
What are the odds? 50/50?
So why hope for something that is around 50/50?
I don't claim to know exactly. but there is no reason that $25k might not be retested again. .and there is also no reason that we will ever see BTC prices below $27,300 ever again.. except maybe if we are closer to certain prices the higher likelihood that they might be touched, whether a wick or whether we get stuck there for a while.
Poll
