Sparrow -on its own- used as a hot wallet is no safer than any other hot wallet because the Private Keys are stored on a computer connected to the internet.
Hardware wallets are considered safe(er) .The keys are on the hardware wallet cannot leave the device. Or that’s what we thought. Ledger announced it would be offering 3rd party key storage as a service. After previously denying it was even possible to export them.
Ledger live “could” be exporting the keys, or “could” force a firmware up grade that could export the PKs, but as it’s not Fully Open Source nobody can verify this. Unlike Cold card.
What if the government walked into Ledger head office and mandated exposing all Private Keys ?
Well now we don’t have to use Ledger Live - Sparrow (& others) can interact with Ledger hardware wallet without a forcing firmware upgrade.
(Ledger meets Cold card shootout)
What Bitcoin did - Ledger Recover with Pascal Gauthier, NVK, Matt Odell & Harry Sudock
https://youtu.be/M3VjQUcyZSY?feature=shared
7Bluerabbits
npub1l7…fsqkt
2023-10-04 17:29:40
in reply to nevent1q…n8dv
Author Public Key
npub1l79hvcyl23f90ers7xqh7zjzmm7knj7fqf6he3lhnfyc3gfuz7lqlfsqktPublished at
2023-10-04 17:29:40Event JSON
{
"id": "708b97e728a939c6ccac224214cf99eab761489603158c7703f52512a600049e",
"pubkey": "ff8b76609f545257e470f1817f0a42defd69cbc902757cc7f79a4988a13c17be",
"created_at": 1696440580,
"kind": 1,
"tags": [
[
"e",
"9d70d4d3291fc33cd99348a9d269e90a7e28ef7133f5a0c6090ca527a19738ca"
],
[
"e",
"b554a7cabe8e8461b1a1d2aa4e99b1612ab3cf79655aaa155c86f6d657559b4a"
],
[
"p",
"c3f614600162522abb6d7e3663b4465eca9e5882a138833e7e8a4420affc84d2"
],
[
"p",
"1989034e56b8f606c724f45a12ce84a11841621aaf7182a1f6564380b9c4276b"
],
[
"p",
"29a0e06e7cbfc1c5df8d3a8e17ea0e4badff1c317fce2a1b70d8549a7e64ccf7"
]
],
"content": "Sparrow -on its own- used as a hot wallet is no safer than any other hot wallet because the Private Keys are stored on a computer connected to the internet.\n\nHardware wallets are considered safe(er) .The keys are on the hardware wallet cannot leave the device. Or that’s what we thought. Ledger announced it would be offering 3rd party key storage as a service. After previously denying it was even possible to export them.\n\nLedger live “could” be exporting the keys, or “could” force a firmware up grade that could export the PKs, but as it’s not Fully Open Source nobody can verify this. Unlike Cold card.\n\nWhat if the government walked into Ledger head office and mandated exposing all Private Keys ?\nWell now we don’t have to use Ledger Live - Sparrow (\u0026 others) can interact with Ledger hardware wallet without a forcing firmware upgrade. \n\n(Ledger meets Cold card shootout)\nWhat Bitcoin did - Ledger Recover with Pascal Gauthier, NVK, Matt Odell \u0026 Harry Sudock \n\nhttps://youtu.be/M3VjQUcyZSY?feature=shared",
"sig": "453ac5fcaffce95585822a0ffc11dd3509c9e77519d6b94a25a41d58d332c7aa459d87f15b35cff6d4fbcc77fdd974396a5d4a9f1d987a9976cab0e71c7ce644"
}