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Author Topic: Safepal S1 wallet have serious flaws!  (Read 469 times)
NeuroticFish
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May 21, 2023, 10:16:38 AM
Merited by Volgastallion (1)
 #21

In this case with PHRASE IN CLOUD, yes cool you travel all the way down to the antipode of the planet and you dont have your phrase and now thanks to this tecnology you can acces

We forget one simple thing. This kind of "feature" (heh) is not meant for us who have a certain understanding of (the) technology. This is meant for those who still think that "cloud" is sort of magical thingy on the internet and it's some sort of their happy place. This is meant for those who don't understand that:


source: amazon.com

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dkbit98 (OP)
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May 22, 2023, 09:35:23 PM
 #22

Based on your thread about secure elements in hardware wallets, Safepal also has one but you couldn't find the exact model. Have you managed to find any more information on it in the meantime? Maybe they are also using one of the ST3x models.
No I didn't, but they are not using ST3x models for sure.
There was some speculation from Kraken security team but nobody could identify secure element with 100% accuracy, it's probably some cheap chinses junk chip.

It may be just the hunger for money. They may have been seeing Ledger's crap news and thought "what a wonderful idea, let's do that ourselves and get rich from selling to the idiots monthly subscription on making the seed less secure".
I think it's more stupidity than hunger for money.
We can see the clear pattern here, closed source devices collecting bunch of money and than they need to repay that with stupid cloud services like this.
There is an argument that hardware wallet companies are not earning as much money as smartphone companies, so they wanted to do some kind of subscription model for regular income, so they want to be like Netflix  Roll Eyes

I'm pretty much soured on all HW wallets now.
Don't be.
I suggest listening to the latest talk between Andreas Antonopoulos and Jameson Lopp (I posted it in different topic), you will hear some good sugesstions.




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Volgastallion
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May 22, 2023, 11:37:38 PM
 #23

In the end its always the same,everything have some failures or can fail, so the only you can do its....

don't put your eggs in only one basket

This reduce the loss no matter what happen, i know its a little bit more work, but it can prevent you for more than one headache.

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dkbit98 (OP)
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May 23, 2023, 08:44:25 PM
 #24

This reduce the loss no matter what happen, i know its a little bit more work, but it can prevent you for more than one headache.
No, I would say don't put anyone eggs in rotten stinky baskets that have bunch of snakes inside.
This would be correct representation for safepal, ledger and other similar closed source devices, so putting ''eggs'' in more bad baskets is not a good thing in this case.
Stay away from safepal basket to keep your eggs safe.

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taufik123
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May 25, 2023, 08:16:35 PM
 #25

This reduce the loss no matter what happen, i know its a little bit more work, but it can prevent you for more than one headache.
No, I would say don't put anyone eggs in rotten stinky baskets that have bunch of snakes inside.
This would be correct representation for safepal, ledger and other similar closed source devices, so putting ''eggs'' in more bad baskets is not a good thing in this case.
Stay away from safepal basket to keep your eggs safe.
I also initially got caught up in the safepal basket and put some eggs in it.
But as time went on, I never used the Safepal Hardware Wallet again, or very rarely.

The original purpose was not to save, but to follow some airdrops that looked profitable, but over time until now there is no longer an airdrop that is worth it for Hardware Wallet holders.

Another problem is not only that, firmware updates only focus on adding new blockchains and there are no updates about security, the latest features, or others.
So my Safepal Hardware Wallet is stored until it gets dusty and maybe later it will become a treasure.
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