Trezor hardware wallets discounted up to 30%

[Wind_FURY]

Perhaps it's more "deceptive/misleading" than an actual scam? WHICH probably should be illegal, no? But why would Trezor do that if they didn't know anything that the public doesn't know?
  🤔
~snip~

The saying goes, "All's fair in love and war," and it seems to me that the same is true in business. Besides, who will file a lawsuit for such a seemingly trivial matter, especially if we take into account that Trezor is a company that operates within the EU, and such lawsuits are not something common here.

I believe that if it's actually deceptive/misleading/false advertising , then there's no actual need to file a lawsuit. It could merely be reported to a business bureau that regulates the companies, no?

Just remember what happened to Ledger in the past 5-6 years and instead of going bankrupt they are still operating today without any problems. The answer to the question of why Trezor did this is very simple - to sell more devices.

Did Ledger also do some sort of false advertising as well?

[Lucius]

~snip~
Did Ledger also do some sort of false advertising as well?

If you take into account that for a very long time they claimed that the seed generated on their devices cannot be visible/accessible to anyone except the one who owns the hardware wallet, and then they invented Recovery, which takes the same seed out of the device, breaks it into three parts and sends one to them (Ledger), and two parts to two external companies.

To me, it seems like false advertising, considering that at one point we realized that there is an option that negates the previous claims. However, we cannot be sure that the option is only an option (which is also paid for), given that their firmware is closed source, which means that theoretically they can have remote access to every seed ever generated.

[Wind_FURY]

~snip~
Did Ledger also do some sort of false advertising as well?

If you take into account that for a very long time they claimed that the seed generated on their devices cannot be visible/accessible to anyone except the one who owns the hardware wallet, and then they invented Recovery, which takes the same seed out of the device, breaks it into three parts and sends one to them (Ledger), and two parts to two external companies.

Wasn't that feature "optional" though? I believe the user needs to turn the feature on before Recovery could be enabled?

But if I'm misinformed, and that Ledger actually does get the user's seed phrase from the device, then that obviously opens a wide attack vector.

To me, it seems like false advertising, considering that at one point we realized that there is an option that negates the previous claims. However, we cannot be sure that the option is only an option (which is also paid for), given that their firmware is closed source, which means that theoretically they can have remote access to every seed ever generated.

I have a Ledger Nano X - I never used it.

[Lucius]

Wasn't that feature "optional" though? I believe the user needs to turn the feature on before Recovery could be enabled?
But if I'm misinformed, and that Ledger actually does get the user's seed phrase from the device, then that obviously opens a wide attack vector.

Of course, this option is presented as optional because otherwise it makes no sense. The thing is that there is no way to determine whether the seed can be extracted from devices that do not have this option enabled. In addition, there should be no doubt that hackers are very interested in hacking that system because it would theoretically enable them to extract the seed from the user's device remotely.

I am a former user of their devices. At one point I concluded that for the best security I can only trust air-gapped setups, and for everything else there are other hardware wallets with a much better reputation.

[Wind_FURY]

Wasn't that feature "optional" though? I believe the user needs to turn the feature on before Recovery could be enabled?

But if I'm misinformed, and that Ledger actually does get the user's seed phrase from the device, then that obviously opens a wide attack vector.

Of course, this option is presented as optional because otherwise it makes no sense. The thing is that there is no way to determine whether the seed can be extracted from devices that do not have this option enabled.

Putting that from a Game-Theory viewpoint, I personally believe that they would not do it because that would mean a non-zero chance of lawsuits, and reputational damage of their business.

In addition, there should be no doubt that hackers are very interested in hacking that system because it would theoretically enable them to extract the seed from the user's device remotely.

Yeah, no one can debate against the possible attack vectors. There's ALWAYS a non-zero chance that it would be exploited.

I am a former user of their devices. At one point I concluded that for the best security I can only trust air-gapped setups, and for everything else there are other hardware wallets with a much better reputation.

Trezor One is still the best if you ask me. Everything is Open Source.

[m2017]

Trezor is running a "Self-Custody Week Sale" promotion until August 11th, offering 10-20% discounts on the purchase of hardware wallets. This could be a small bonus for those who decided to change their wallet due to the incident with Coldcard.

Honestly, I find it a bit strange that none of the HW device manufacturers have exploited the current situation for marketing purposes. For example, they could have run a promotion dedicated to the safe storage of crypto assets (or a discount for former Coldcard owners?). Aren't they doing this for ethical reasons?

Isn't it time to create a separate thread dedicated to discounts on hardware wallets from various manufacturers, where up-to-date information on current discounts and promotions would appear? Otherwise, this information is scattered across different topics.

[SFR10]

Honestly, I find it a bit strange that none of the HW device manufacturers have exploited the current situation for marketing purposes.

Based on a few of them that I just checked, it appears some are offering discounts, but for some reason they've chosen not to market them in an aggressive manner.

e.g., this is what I'm seeing on top of Blockstream and Bitkey's shop:

• Isn't it time to create a separate thread dedicated to discounts on hardware wallets from various manufacturers, where up-to-date information on current discounts and promotions would appear? Otherwise, this information is scattered across different topics.
  

  Good idea... You should create one along the lines of the other overview threads on this forum ^{[the others that exist seem to be for special occasions only]}.

[rdluffy]

...
Honestly, I find it a bit strange that none of the HW device manufacturers have exploited the current situation for marketing purposes. For example, they could have run a promotion dedicated to the safe storage of crypto assets (or a discount for former Coldcard owners?). Aren't they doing this for ethical reasons?
...

At least in my opinion, I think this is a really bad time to promote something like this, since it was an incident that affected the savings of many ordinary users and caused losses that may be irreparable for the entire community, while also calling self-custody into question

In my view, they’re right not to promote in this situation

It’s a reasonable discount,  the Safe 3 is selling for $47
For those who have a Coldcard and haven't lost anything, it might be a good idea to buy a Trezor with this discount

I think the next sale will be on Black Friday only