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Author Topic: Essential Safety Rules Every New Ledger Users  (Read 227 times)
AakZaki
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January 10, 2026, 10:47:31 PM
 #21

-snip-
I never had any plans because the Ledger device no longer exists, it's not in use anymore, for the seed phrase only I know and it's safe, even if third parties offer high security it's still not worth it.
This is what makes many long-time Bitcoin users feel hesitant and choose to stay away. The main concept of self-custody is complete control over the private key without the interference of other parties, either technically or policyly. When part of the security process relies on servers, closed firmware or a third party, trust must be given not verified. For some this may seem practical, but for those who genuinely care about financial sovereignty, compromises like this are too expensive. In the long run, code transparency and full control are far more important than momentary convenience.

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salad daging
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January 11, 2026, 10:31:31 PM
 #22

-snip-
I never had any plans because the Ledger device no longer exists, it's not in use anymore, for the seed phrase only I know and it's safe, even if third parties offer high security it's still not worth it.
This is what makes many long-time Bitcoin users feel hesitant and choose to stay away. The main concept of self-custody is complete control over the private key without the interference of other parties, either technically or policyly. When part of the security process relies on servers, closed firmware or a third party, trust must be given not verified. For some this may seem practical, but for those who genuinely care about financial sovereignty, compromises like this are too expensive. In the long run, code transparency and full control are far more important than momentary convenience.
I still remember the common slogan in bitcoin = Not your keys, not your coins.

Don't know if Ledger used to be open source and then became closed source? And with the controversy they offered seedphrase storage services to this third party which made many people furious, especially bitcoin users.

After I read that on the internet the ledger firmware has an agreement with the chip manufacturer not to disclose the code, this may be the reason for not being transparent about the code.

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Catenaccio
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January 12, 2026, 03:43:49 AM
 #23

I still remember the common slogan in bitcoin = Not your keys, not your coins.
It's like a mantra in Bitcoin community but unfortunately, many people still don't believe in it and they are like waiting for own painful lessons before changing their practice.

Bitcoin Q&A: Not your Keys, Not your Coins.

To have keys (private keys), people simply need to use non-custodial wallets. They can be newbies but if they are unsure about open source and reproducibility of any Bitcoin wallet, they can check there
https://walletscrutiny.com/

R


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