S4 E4: BTChip (Nicolas Bacca) on Ledger and Hardware Wallet Innovation

Published: Jan. 8, 2020, 6:47 p.m.

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Thanks to his decades-long in security chips and electronic devices, BTChip (Nicolas Bacca) is one of the finest experts in the field of Bitcoin hardware wallets.

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In this exclusive episodes, he answers questions about the design choices of the Ledger Nano series, compares the products with the Trezor, Coldcard, BitBox02, and KeepKey, but also reflects on the future of Bitcoin security.

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Episode time stamps:

04:40 \\u2013 Introduction, brief history of experiences in the field

06:20 \\u2013 Why Trezor was created

8:20 \\u2013 Pushing your op-sec with Trezor's apps and operating system

11:00 \\u2013 Ledger criticism as feedback

13:25 \\u2013 Why should anyone buy a hardware wallet?

17:10 \\u2013 Why choose a Ledger hardware wallet?

20:47 \\u2013 Ledger Nano S vs Nano X

24:00 \\u2013 The pros and cons of Trezor devices

27:03 \\u2013 The pros and cons of the KeepKey

29:24 \\u2013 The pros and cons of the Coldcard wallet

31:00 \\u2013 The pros and cons of the BitBox02

35:00 \\u2013 What is open source about the Ledger software and what isn't?

42:20 \\u2013 Security element chips in hardware wallets (Ledger, BitBox, Coldcard)

51:20 \\u2013 Is it safe to buy used Ledger hardware wallets on eBay?

53:00 \\u2013 Are hardware wallets like toothbrushes?

55:55 \\u2013 Bitcoin-only Ledger?

57:20 \\u2013 Multisig in Ledger Live?

1:01:00 \\u2013 Is it reckless to use your Ledger with third party software (Electrum, Wasabi, Shapeshift)?

1:03:41 \\u2013 What is next for Ledger? (Liquid, Shamir, CoinJoin, PSBT)

1:09:00 \\u2013 How does Ledger Manager recognize a fake Ledger hardware wallet?

1:14:00 \\u2013 The golden age of hardware wallets and wild experiments

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