Ufff… Ledger is trying to squeeze more money out of their users again....

Why do these fancy hardware wallets keep thinking they can endlessly monetize beginners? It’s getting ridiculous. I’m talking about their new Ledger Recovery Key. Let’s be real, this isn’t about your security, it’s about creating a steady revenue stream from your fear. They want to monetize fear of loss, especially targeting newbies who don’t fully understand self-custody yet. The real problem? You still carry the risk. You pay them, but if something goes wrong… it’s still on you. Plus, it adds more complexity, and with complexity comes more risk, more moving parts, and more trust required in third parties. Cold wallets are supposed to be simple: - No internet - No third parties - No added friction This direction feels like marketing, not real self-custody. Bitcoin deserves better. submitted by /u/Successful_Ad_1626 [link] [comments]

Jun 24, 2025 - 16:01

Why do these fancy hardware wallets keep thinking they can endlessly monetize beginners? It’s getting ridiculous.

I’m talking about their new Ledger Recovery Key. Let’s be real, this isn’t about your security, it’s about creating a steady revenue stream from your fear.

They want to monetize fear of loss, especially targeting newbies who don’t fully understand self-custody yet.

The real problem? You still carry the risk. You pay them, but if something goes wrong… it’s still on you. Plus, it adds more complexity, and with complexity comes more risk, more moving parts, and more trust required in third parties.

Cold wallets are supposed to be simple: - No internet - No third parties - No added friction This direction feels like marketing, not real self-custody. Bitcoin deserves better.

submitted by /u/Successful_Ad_1626
[link] [comments]