![Unsplash](https://images.unsplash.com/photo-1471623817296-aa07ae5c9f47?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1170&q=80) Ah... Crypto-Twitter and influencers! Always fast to jump on to the end of the world narratives before stepping back to think. I guess that is the nature of aiming for link clinks and engagement farming. Okay, that said, [Ledger](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG) probably should have had better communication about the roll out of their "Recovery" product. Now, as far as I understand, [Ledger](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG) did have a communication and education timeline in mind, but shipped the firmware for their hardware wallets ahead of the education. That mean that the change logs noted the Recovery product and that spooked a lot of people who were not quite sure how hardware wallets worked on the inside. So, [Ledger](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG) Recovery is the backup method that is being shipped for those who are not confident holding the single copy of their master seeds. It seems like it is an implementation of Shamir's Secret Sharing with three parties, something that is quite useful that Trezor has implemented a long time ago. However, in the case of [Ledger](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG), it appears that one of the parties is a KYC company that will release their shard upon successful identification. That is the part that I'm less keen on... Anyway, crypto-Twitter lost it when they thought that the secure enclave were the master seed was stored was being altered and accessed by the firmware that allowed the implementation of Recovery. This was a misunderstanding of how the enclave worked and is something that is common to all hardware wallets. Anyway, I saw the barrage of FUD, and started to worry a bit, but then a day later cooler heads prevailed and I saw more reasoned explanations about the implementations and details about how hardware wallets worked on a technical level. I think a lot of the furor was with hardcore crypto people thinking that hardware wallets were a completely trustless way to hold master seeds and interact with blockchains. However, in reality, there was always going to be a chain of trust at some point... and in this case, the trust is with [Ledger](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG) issuing firmware updates. Now, it is impossible to do anything trustlessly... you will have to trust code, or compilers, or hardware. Unless you are able to securely perform all these things yourself (spoiler, no-one can...) then you will have to offload trust onto someone else at some point. [Ledger](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG) wallets are still one of the better solutions, that in my mind are a good balance of self-custody and trust. Recovery is an opt-in subscription anyway... so, you don't have to use it. The threat model is unchanged, you still have to trust [Ledger](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG) for their firmware updates anyway. But I think that a lot of people thought that they were out in the wilderness without any reliance on anyone else... the wild frontiersman... but in fact, they still needed a supply chain to keep them alive! It was just that they didn't see it... and now they do. So, no need to worry... I prefer to still use a [Ledger](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG) instead of software wallets! And I certainly can't build my own tools! https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmQgdKBYt2WqqK4iNvDmFsZHUJfu9t62Hz1JxHAwJ7SyoB/thealliance_pagebreak.png I can also be found cross-posting at: [Hive](https://peakd.com/@bengy/posts) [Steem](https://steemit.com/@bengy/posts) [Publish0x](https://www.publish0x.com/@bengy) # Handy Crypto Tools [Ledger Nano S/X](https://shop.ledger.com/?referral_code=YKPEYFE46VWQG): Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto! [Binance](https://www.binance.com/?ref=18699956): My first choice of centralised exchange, featuring a wide variety of crypto and savings products. [WooX](https://referral.woo.org/JFRD7U784CnATD1TA): The centralised version of WooFi. Stake WOO for fee-free trades and free withdrawals! [GMX.io](https://gmx.io/#/?ref=87f6gsf4): Decentralised perpetual futures trading on Arbitrum! [Coinbase](https://www.coinbase.com/join/58034401fb82d963dcd35ef4): If you need a regulated and safe environment to trade, this is the first exchange for most newcomers! [Crypto.com](https://crypto.com/app/tbuc7826zu): Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful! [CoinList](https://coinlist.co/clt?referral_code=4CA9XD): Access to early investor and crowdsale of vetted and reserached projects. [Cointracking](https://cointracking.info?ref=S596141): Automated or manual tracking of crypto for accounting and taxation reports.

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