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Comment by lifeisloving

14 hours ago

My btc isnt stolen, and isnt stored in some cloud exchange..

Hope it's not stored in a Ledger wallet...

  • Why, because you read a single Youtube title that said ledger got hacked, that you didn't even watch and dont know the specifics?

    Sorry, the likelihood of my banking creds, or other important accts getting hijacked via an infostealer or some other method is about 100x more likley than me buying a tampered ledger device.

    A hardware supply chain attack is easily mitigated by inspecting your hardware and buying from a reputable source and not a singular random malaysian shopify site selling hardware wallets...

    • >Why, because you read a single Youtube title that said ledger got hacked, that you didn't even watch and dont know the specifics?

      No, because there was global news and retailers in Germany taking devices off the shelves:

      https://x.com/0xJohannes_/status/2109240472933671125

      https://www.heise.de/en/news/Crypto-thieves-sell-hardware-wa...

      >Sorry, the likelihood of my banking creds, or other important accts getting hijacked via an infostealer or some other method is about 100x more likley than me buying a tampered ledger device.

      Sorry, the likelihood of my banking creds, or other important accts getting refunded via any bank or some other method is about 10000x more likley than me getting my buttcoins back.

      >A hardware supply chain attack is easily mitigated by inspecting your hardware and buying from a reputable source and not a singular random malaysian shopify site selling hardware wallets...

      People bought compromised devices from reputable sources and still lost all their buttcoins.

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    • Because everyone knows how to inspect hardware against future supply chain attacks, right?

It's worth still dropped by 5% though and counting.

  • And your point?

    Do you price your savings based on 12hours of market volatility, or do you look at it cumulatively over a duration?

    • I certainly don’t look at my savings gaining or losing 30% to 50% of its value every year. In fact, it’s actually more than that, as bitcoin has traded sideways compared to USD, which has lost 30% of its value in the past year. Catastrophic use of spare funds compared to the S&P 500

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