Because what you stored in that Ledger wallet are altcoins and in limited amount of your wealth, it's how you see it is not too important. I don't know which altcoins you have in that Ledger, if it is shitcoins, let them there is acceptable but if these altcoins are Ethereum, BNB or Solana, even with limited amount I would like to move them to other wallets.

Like you plan to move it to your coming Trezor Safe 3 wallet, it's safer than storing in Ledger wallet.

Surely if you want to move your altcoin fund, it needs to be a migration from hardware wallet to better hardware wallet, not from hardware wallet to hot wallet.

None of them would fit the description of 'shitcoins' and they don't have the price swings of shitcoins. Nevertheless, they are altcoins, not bitcoin. Unless you are a maxi and consider everything a shitcoin. Ethereum is one of those assets and there are some stablecoins. I will keep the rest a secret. 

That's exactly why I am not moving them right now. I want the transfer to be an upgrade in security and not a downgrade. Ledger's shenanigans are a major stain on their reputation, but I don't view hot software wallets as being better for either security or privacy.

Ledger is making it too easy to make fun of them. This tweet of theirs below is supposed to criticize services and perhaps individuals who ask bitcoin and crypto owners for their seed phrases. Maybe it's also meant to show that those asking people for seeds are scammers. At the same time, Ledger is the only brand we know of that has seed extraction firmware built into their hardware wallets. Seed extraction whose code you are forced to install. They don't ask you and you don't have a choice. If you want an up-to-date Ledger firmware, then it comes with seed extraction capabilities.


https://x.com/Ledger/status/2069261442675785761

I just saw this X post by Samson Mow and thought that it belongs to the Bullshit Monitor. It's a 'Trust Us, Bro' kind of post.



As you can see, it's a response to Paraguay's president resigning and the collapse of a local bank. But let's take a look at his post.

He is not recommending that Paraguayans hold bitcoin. Oh no. He is suggesting tether. If you want the closest thing to USD, then USDT could be it I guess.

It's backed all right, but not 1:1 by money in a bank as they claimed in the beginning. It's now backed mostly by US Treasury bills. There are also corporate bonds, bank deposits, gold and precious metals, bitcoin, loans, public equities, etc. The part with users holding the keys is funny when you look at the following sentence of his:

Right. Money in banks can be frozen and restricted unlike tether that doesn't have a freezing feature built into it, right Samson? Wrong! The issuer can freeze the tokens in any address they want and have done it many times.