What’s the difference between trusting a bank and trusting a company like Ledger? - One of the main goals, if not the most important, in crypto is to remove the need for trust. The aim is to enable peer-to-peer transactions without relying on a third party. However, based on the recent scandal with Ledger’s recovery system, it got me thinking. How does trusting a bank differ from trusting a company like Ledger?
When Ledger announced their recovery system, a lot of people were pretty upset. They had put their trust in Ledger when deciding to buy the device, believing their previous claims that such a system wasn't possible. Ledger is not open source, so at the end of the day you are trusting that what they claim is true.
I don’t want this post to be a specific attack to Ledger, I am aware that other companies selling similar devices might face the same problem. But I am genuinely curious as to why would somebody get into crypto so they trust a company instead of a bank.
I know that there are other methods which are safer than owning a hardware wallet. Although, storing your crypto in a hardware wallet is the advice that I hear the most in the crypto space. What are your thoughts? Am I missing something?
Berkshire is hoarding so. much. cash.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
