Ledger📍@BTC Miami Profile picture
Apr 5 11 tweets 8 min read
Join @Mo_RELS and @G4sp4rD in just a few here at @NFCsummit to learn how NOT to get rekt in #NFT land!

Follow along below as we live-tweet their talk! 👇 Image
"The whole idea is that now, you're becoming your own bank. What we usually say is that with big freedom comes big responsibility. The problem today is...lack of education for how to properly secure your assets" - @Mo_RELS. Image
"The #blockchain is a public ledger that's open to everyone. When you create your first address on the blockchain, you're being given a pair of keys - the private keys and the public keys...the private keys are the most important thing to secure in the crypto world" - @G4sp4rD
"#Web2 devices haven't been designed to keep secrets - quite the opposite actually. They've been designed to circulate information, not keep it secure...The whole idea of having #Web3 hardware is that it's specifically design to protect Web3 secrets" - @Mo_RELS. Image
So, what are some of the threats you might encounter on your #NFT journey? @G4sp4rD explains.

The first is viruses, malware and hacks.

The solution? Cold storage (like #Ledger) that stores your #privatekeys offline. It's best practice to use 2FA whenever possible! Image
But what happens if my physical hardware wallet gets lost or stolen? @G4sp4rD tells us.

Ledger Nanos wipe your device after 3 incorrect PIN attempts & the PIN is safely stored on a Secure Element. All you need to do is use your 24 words to restore your funds on a new device.
Phishing scams are unfortunately also common & can be difficult to protect against as they rely on social engineering.

@Mo_RELS explains that we should beware of anyone asking you to share your seed phrase - you should never share it with anyone! Ledger will never ask for it. Image
You should also look out for blind signing scams - they will trick you into signing a phony transaction.

"At Ledger we are building solutions - we're integrating dApps in Ledger Live, so when you use them you'll be able to verify what you're signing on your Nano" - @G4sp4rD
Some best practices from @G4sp4rD & @Mo_RELS

- Never share your seed phrase
- Store it somewhere safe
- Beware when signing messages on unverified websites
- Segregate your assets
- Review your allowance regularly & revoke #smartcontract allowances with @RevokeCash. Image
And some red flags:

- projects with an unusual # of followers for a new project
- You receive DMs from the team
- None of your followers follow the project
- Founders make unrealistic promises.

"If it sounds too good to be true - it probably is!" - @Mo_RELS.
"@etherscan is your best friends - it's your eyes & ears on the #blockchain. You should check the contract addresses of the projects you're minting first, if the contract is verified, and if the source code is available" - @Mo_RELS.

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More from @Ledger

Apr 7
And we are going LIVE at the Deep @TheBitcoinConf Miami!
@P3b7_ - "The only way to be sure to ensure security is to hack it - so @DonjonLedger attacks our security solutions day in and out. Security is a cat and mouse game - so we are trying to stay ahead."
@P3b7_ - "When we created the @DonjonLedger we started to study different solutions - almost all the hard/software wallets, the @DonjonLedger were able to hack them. Then explain to the issues."
Read 23 tweets
Apr 7
@_pgauthier - "We make ownership easy - we go from owning nothing to being able to own something. You can create your digital self and secure it - a ledger helps you with it."
@TheGuySwann - “the digital world now feels like renting, not owning” Image
Read 25 tweets
Apr 6
We're Live!

Join us now to learn all about crypto and taxes with our Global Head of Policy @SethHertlein & @ZenLedgerIO 's CEO @PatrickLarsen!
"In the US, crypto is taxed as property, so what that means is that in most cases, crypto gains will be taxed as capital gains. Once you sell your assets, that is when you will have pay tax on it" @SethHertlein
"In some cases, crypto can be categorized as income, meaning you could be taxed on the crypto when it arrives to you as income, and potentially also when you sell it under capital gains" @SethHertlein
Read 6 tweets
Apr 5
We've had an amazing time here at @NFCsummit!

Unfortunately, all great things must come to an end.

Our VP of #Metaverse & #Web3, @sebadault is about to wrap things up here in Lisbon with his closing keynote!

Follow along 👇 Image
“We’re really building a whole new infrastructure together and I think that’s really something to celebrate!” - @sebadault Image
"All of these people at this conference are ahead of our time. . . I think some of the people in this room will become the equivalent of the Rolling Stones of #Web3."
Read 6 tweets
Apr 5
Let's talk about #NFT security with some amazing NFT artists - @jmpailhon, @TheRealMorrow, @Lelapinmignon & @emmavolou_!

Hosted by @Mo_RELS, the panel is starting now - stay tuned for our live coverage! Image
"Thanks to #blockchain technology, for the first time in history digital ownership is a possibility. And that changes everything. But with big freedom comes big responsibility. ..last year alone, #crypto scammers stole over 14 BILLION dollars worth of digital assets" - @Mo_RELS
“Security has always been our main focus. But now, most people who get hacked are themselves the vulnerability. At the end of the day, some people are leaving the door wide open - so, what’s really important is education" - @TheRealMorrow
Read 9 tweets
Apr 4
Starting now @NFCsummit - @TheRealMorrow and @batisthas are going to teach us all about security and #Web3 wallets!

Follow along as we live tweet their presentation👇
"Do you truly own the money you have in the bank? Ask yourself - can you withdraw 10k at once from an ATM? Or can you make a transfer to a friend at 2am on Christmas Day?" - @batisthas

The answer, of course, is no.
So, what does it mean to be your own bank and truly own your assets?

#Crypto and #blockchain allow for this - but they're only half of the answer. @batisthas and @TheRealMorrow explain.
Read 14 tweets

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