Self Custody of Digital Value is a revolutionary human invention and today’s cell phones and computers are insufficient to protect that value.
Two years ago the market was raging and many were willing to compromise security, self-custody, or both to “bring crypto to the masses” with Super Bowl ads for centralized value propositions (aka banks), disguised as crypto.
If it’s not self-custody, it’s not crypto.
"The revolution is permissionless or there is no revolution." - @P3b7_
Over the past 12 months the market has reminded us security and self-custody are not optional. Celsius, CX bankruptcy FUD, Solana hack, FTX failure, & now SVB+ are all reminders “if not self custody, why crypto?” and how important #Ledger’s place in the ecosystem is.
Each of these disasters boosted Ledger’s sales as people (rightly) fled to secure self-custody. axios.com/2022/12/06/led…
We are starting to hear of young people without bank accounts, only Ledger. We are starting to hear of VCs who encourage their portfolio companies to keep two months of payroll in crypto on a Ledger to avoid a future SVB situation.
With this investment #Ledger will double-down on our mission to allow you to buy, trade, and earn yield via #Ledger Live + our partners, easily connect to dApps with Ledger Extension, and make HODLing and signing sexy with Ledger Stax. ledger.com/the-ledger-pod…
Watch this space, we are just getting started. More announcements in the coming weeks.
Thanks to our existing and new investors for the continued support. It's a business doing pleasure with you.
We promise to keep fighting the good fight, empowering consumers to get the most from the limitless world of digital ownership, creating the easiest-to-use platform w/o ever compromising on either self-custody or security.
1/ We were heartbroken last night over the attack on @kevinrose's wallet. Not only because we felt Kevin’s pain, but because of what it tells us about the state of security across the whole NFT ecosystem.
We would like to share some thoughts on staying safe in this thread 🧵👇
2/ This thread explains the basics of what blind-signing is, how @Ledger is trying to spread adoption of clear-signing as a more secure solution, and how you can help.
Additionally, it covers how to segregate your “vault” and "mint" wallets to avoid mistakes.
3/ First and foremost, what is “blind-signing”?
If a stranger came up to you on the street and asked you to sign a legal document, would you sign it without even reading it?
. @punk6529 captures something I’ve been trying in vain to explain: “The market opportunity for selling art and other things online is vastly larger than selling it through a sub-scale retail shop that on average has zero people in it on a Tuesday afternoon.” (aka an Art Gallery)
For example: I own some items which would be valuable on @stockx, but they’re in storage and I rarely think about them. Meanwhile my inbox is full of offers on NFTs I own, regardless of wanting to sell them or not. As a result, their market value is known to me at all times.
It’s been raining in Paris for days. Yesterday I saw a clearing in the sky, so I headed out for a run. After ten minutes it started raining again. I thought of Prince at the Super Bowl in 2007: “Can you make it rain harder?” 1/23
“RIGHT ON!” I watch this video often, actually. Prince was the greatest performer alive at that moment, with a long career behind him but superpowers intact and on full blast, giving absolutely everything and daring God to try to stop him. I cry every time. 2/23
That day Prince took risks with confidence and his chin in the air. At @Ledger, people often tell us what we are attempting -- scaling fast, building businesses in both hardware and software, and fighting fights on multiple fronts -- is difficult, risky, or both. 3/23