How to Be Sure That a Future Ledger Firmware Update Does Not Introduce Some Sort of Backdoor

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The social contract that Ledger can make to say we believe in self-custody, we believe in transparency. This is such a hard situation for users who want to be completely bankless and self-sauver. Most people are using Bitcoin as they were speculating on stocks. That's not the purpose of crypto, Ethereum or Bitcoin. The purpose is self custody. And I think this kind of feature goes in that direction.

Ledger has been the center of attention since the announcement of their new “Recover” feature which has brought into question how secure our Ledger devices actually are.

Charles joins us to walk through how exactly this recover feature functions, breaking down how a Ledger actually functions, and possible paths moving forward.

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------ Topics Covered

0:00 Intro 6:21 Ledger's Recover Service Overview 18:40 Is Ledger Recover Forced or Opt-In? 23:07 Dissecting a Ledger Device 29:41 Can Firmware Reveal Private Keys? 36:54 A Social Contract With Ledger 42:31 Assurance Of No Back Door 51:16 2-Part Firmware Solution? 57:42 Will Ledger Forget About Us? 1:02:46 Closing and Disclaimers

——— Resources:

Charles https://twitter.com/P3b7_

Ledger https://twitter.com/ledger

---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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