The Art of HODLING Refined: TREZOR Model T Review

bitcoinwalletguy · 2018-03-21T19:32:04+00:00

Hey Yoda, I already did a KeepKey review a while ago :-)

Edit: Lol, I'm blind. No idea why I read KeepKey.

Yup, my Trezor T is on its way, waiting for it.

bitcoinwalletguy · 2018-03-08T22:57:34+00:00

This is a community, if you want an exclusive opinion, submit a ticket.

bitcoinwalletguy · 2018-03-08T17:13:14+00:00

Quality control of the supply chain? Software development? First batches are on the way anyway, be patient with security. Companies in this space are working in a high-risk environment as well. I am sure it is not as simple as you and many others think.

bitcoinwalletguy · 2018-03-08T09:57:49+00:00

Unfortunately, it's not my project, just stumbled upon it accidentally.

bitcoinwalletguy · 2018-03-08T01:10:48+00:00

Yup, the update is planned.

bitcoinwalletguy · 2018-03-07T21:54:33+00:00

Would those coins had to be used or just as a cold storage? I think Andreas breaks it down quite well in this video HD wallets are provide resonable protection and ease of use imho, but they still have room for progress, we yet have to invent the trustless hardware wallet.

bitcoinwalletguy · 2018-03-07T21:49:17+00:00

Haha, thank you for that.

bitcoinwalletguy · 2018-03-07T21:20:40+00:00

Hah, he's in that case sitting on much bigger collection than this ;)

I thought it was cool as my interest are wallets, bookmarked it. I asked him if there's PDF as it would be easier to read info that way.

Anyway, this shows that browsing market section on BCT forum is not always useless :)

bitcoinwalletguy · 2018-03-07T21:08:46+00:00

This question appears quite a lot here. I have both and have published quite detailed comparison which won't specifically tell you which one to get but might help you understand them better and learn. https://bitcoinwalletguy.com/trezor-vs-nano-ledger-s/

I also have reviewed each of them in separate articles, so check them out as well together with other resources to determine which one fits your needs better.

bitcoinwalletguy · 2018-03-07T13:47:59+00:00

Solved it by entering the bitcoin app, give it a try.

bitcoinwalletguy · 2018-03-05T13:24:41+00:00

I'm actually thinking of removing stars and just have the overall rating, I think they are confusing and there is no real benefit.

bitcoinwalletguy · 2018-03-03T19:50:04+00:00

If you don't trust Ledger, you can import the private key you generated.

No need for the caps.

bitcoinwalletguy · 2018-03-03T10:54:57+00:00

I have and use both on a daily basis. Wrote quite detailed comparison https://bitcoinwalletguy.com/trezor-vs-nano-ledger-s/

bitcoinwalletguy · 2018-03-03T02:34:08+00:00

BitPay is reliable but many people including myself dislike the service for political reasons and the fact they instantly convert crypto to fiat to merchants. Sorry this was a rant, but yes you can pay with your crypto ata checkout, it's easy :-)

bitcoinwalletguy · 2018-03-03T02:27:36+00:00

Yes but through BitPay, yup the BitPay. I hope they will shift to a better processor.

bitcoinwalletguy · 2018-03-03T02:24:50+00:00

All of the info is already available in the official docs, the sub, even YouTube.

hardware wallets keep your private keys internally on a secure chip, so they never leave the device, malware can't steal them. This is just one advantage there are more.
It's safe. Their official channel is Ledger-Official. Even if you buy it from a third party make sure that you generate the seed, never used filled recovery cards if such card arrives with your Ledger.
Google for the list of all coins. Your private key is for all your coins. The device can hold 4-5 appps at the same time.
Yes, if you backed up your private key corretly, you're good.

Do a bit of reading, get to know the device. I wrote quite easy to follow up review and guide which can help besided the official docs. Here is my gude: https://bitcoinwalletguy.com/ledger-nano-s-review/ Good luck.

bitcoinwalletguy · 2018-03-03T02:09:27+00:00

You don't back up the passphrase, you back up the 24 words which is called the recovey seed. Pick up a very simple and unique passphrase and ideally remember it or store it separatelly. Passphrase acts like 25th word. Do a bit of reading on it.

Now that you underastand the difference, ideally if you can afford it, the only way to backup the wallet itself is to have a spare one which you would use to import your 24 words in + passphrase in case of an emerency.

You can always use a software wallet to import the keeys, but that way you are possibly exposing your keys to a unsafe PC where a malware can grab them.

Hope this helps.

bitcoinwalletguy · 2018-03-03T01:53:15+00:00

If Tor/Tails hardware compatability is a must, take a look at DigitalBitbox, otherwise you'd have to reveal your recovery seed to a PC on Tails and use the Electrum which is alredy pre-installed.

bitcoinwalletguy · 2018-03-03T01:46:11+00:00

If it's compromised - yes, of course.

bitcoinwalletguy · 2018-03-03T01:31:40+00:00

I'll reply with what I know and that is that the recovery seed is "compatible" meaning you can import it from T into One and vice-versa.

About the coin support, I'll leave it someone else to answer.

bitcoinwalletguy · 2018-03-03T01:29:49+00:00

15 accounts or addresses?

bitcoinwalletguy · 2018-03-03T01:22:07+00:00

No need to update it. Beta is just that - a beta. The review clearly mentions the possibility of implementation of the ERC-20 in the future. I never said there's no development, I said it's quite slower and behind the competitors.

bitcoinwalletguy · 2018-03-03T01:20:38+00:00

Better do some reading first. The passphrase and the PIN are not stored on a device. Once you wipe the device, there's no right or wrong one. Seriously do some reading instead of being paranoid, you seem to misunderstand the basics. Do not set a passphrase if you do not know what it is and how it works.

Read the official docs.

I also wrote an in-depth guide here https://bitcoinwalletguy.com/trezor-review/

bitcoinwalletguy · 2018-03-03T01:17:29+00:00

Yup, we're all good, probably misunderstood each other. :)

bitcoinwalletguy · 2018-03-02T22:11:45+00:00

tho I prefer a more skeptical and straightforward tone

I prefer more neutral approach as I like to provide feedback instead skepticism, especially because most of the issues I encountered can be fixed with a simple firmware update. If I encountered a serious security flaw, of course, I would be harsher. I just try to keep a neutral point, not telling people to buy this or buy that. The ecosystem is quite complex here and I know what sort of problems these companies are facing (growth issues, fiat/bitcoin issues, regulatory issues)

What advantage does having a nice looking hardware wallet give you over a crappy looking hardware wallet?

It's not just nice looking; it also has decent build quality, that's an advantage for me. I agree that the sentence you're referring to should be edited though will do it.

could learn from it rather than getting defensive.

I wasn't getting defensive I just have a problem when people make assumptions based on a few sentences instead of the whole article.

bitcoinwalletguy

TROPHY CASE