Ledger Stax - what do you think ?

[CoinMaster]

What do you think about the new Ledger Stix

https://shop.ledger.com/products/ledger-stax
I don't know what to say and if it is useful I can't figure out what the benefit is compared to the USB stick they had before which worked well just with a cable or Bluetooth!

Does someone know what exactly the big thing is with this device?

 

[void]

there is no key feature - it's just a (pointless) fancy novelty with bigger display and wireless charging... even Ledger (the company) doesn't hide it

 

[CoinMaster]

there is no key feature

what do you mean with key feature... as i understand it, the device works like the traditional ledger USB thing they alwas have had

This one:

Or am I wrong? Sorry for me to be so stupid but I don't really understand it.

 

[void]

what do you mean with key feature... as i understand it, the device works like the traditional ledger USB thing they alwas have had

exactly... my point is there is no feature that makes it any (significantly) different from the other ledger devices - it's just supposed to look cool

 

[CoinMaster]

ahh okay, now I understand I will pass the offer! My thought was it had some new features or comes with something extra.

 

[ActionMan]

Closed source. Their firmware allows seed extraction by default, meaning they have access to your private keys and would turn your private keys to the state if they wanted to

https://twitter.com/x/status/1660677064700178436

 

[YoungLansk]

I thought thats a service you opt-in if you want to ?
whats a better alternative?

 

[void]

I thought thats a service you opt-in if you want to ?

yes, it was about the "scandal" a year ago... this WBD podcast episode sums it up pretty well

whats a better alternative?

I'm no as big fan as I used to be due to some controversial decisions they made recently but I believe Trezor is a better option

 

[EliasIT]

So, you're saying the Ledger company is a rat! They are sneaky and slimy parasites pretending to protect your coins but can block your Ledger wallet at any time?

This is completely unacceptable!! I am in shock.

How do you know Trezor doesn't do the same?

 

[JohnLocke]

Nasty thing to read. I have to replace some assets and through away the ledger devices.

 

[void]

So, you're saying the Ledger company is a rat! They are sneaky and slimy parasites pretending to protect your coins but can block your Ledger wallet at any time?

not sure if @ActionMan tried to imply this but it's not true
the video snippet is taken out of context and this only relates to their (idiotic) service allowing distribution of your recovery shares amongst third party entities "to make custody easier for masses" - it was probably well-meant and definitely poorly communicated and suffers from what was said in the video with respect to potential subpoenas etc.

putting this aside I'd still avoid this company and their products but it's just me - it's two orders of magnitude better to have your keys on ledger device than in any software wallet, period

 

[pepelepew]

Ledger nano X works well enough with third party wallets and has secure element built in.
Best not to use ledger live at all since it sends all your data to them, in addition to the issue with recover service:

https://twitter.com/x/status/1732541519284900198

 

[Martin Everson]

Does someone know what exactly the big thing is with this device?

Yes....they get to charge $399 and make money.

 

[ActionMan]

it's two orders of magnitude better to have your keys on ledger device than in any software wallet, period

Ledger is nothing more than a glorified hot wallet. but I agree with you, if you have the nano and didn't upgrade to their latest firmware nor have the ledger recover (And ledger live), then you are probably good. For me personally, I prefer Trezor or bitbox02. Or just use Cryptosteel and store your seeds in a safe somewhere, Cold, like it meant to be.

 

[void]

use Cryptosteel and store your seeds in a safe somewhere, Cold, like it meant to be.

not an option for those working actively with their coins
and even in case of a passive long-term holder (feels like something practically non-existent to me anyways) it's wise to have a hw wallet initiated to avoid mistakes and stress from impulsive decisions
also single word list backup is a bad idea in most cases