What’s Next for Wallets After Ledger Recover Outrage? - Ep. 502
Unchained
Laura Shin
4.6 • 1.3K Ratings
🗓️ 6 June 2023
⏱️ 66 minutes
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| 0:00.0 | Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host, |
| 0:08.5 | Laura Shin, author of The Crypto Beans. I started covering crypto eight years ago, |
| 0:12.8 | and as the senior editor, Forbes was the first mainstream meter porter to cover cryptocurrency |
| 0:16.9 | full-time. This is the June 6, 2023 episode of Unchained. Buy, trade, and spend crypto on the |
| 0:23.4 | crypto.com app. New users can enjoy zero credit card fees on crypto purchases in the first seven |
| 0:29.6 | days. Download the crypto.com app and get $25 with the code Laura. Link in the description. |
| 0:36.8 | If you've been enjoying Unchained and find the discussions here fascinating, mind-blowing, |
| 0:40.9 | or as crypto tends to be, downright bonkers, please share this episode with a friend to keep |
| 0:46.4 | the conversation going. Today's topic is new developments in crypto wallets. Here to discuss |
| 0:52.6 | our Itai Torban co-founder and CEO of Dynamic Labs, and Uriel O'Han, CEO of Zenco. Welcome, |
| 0:59.1 | Uriel and Itai. Hi, Laura. Hi. So I'm sure everyone knows Wallet Security recently became quite |
| 1:07.8 | a hot topic with the announcement of Let Your Recovery, which is the service that Let Your |
| 1:14.0 | Announced offering people a way to have a backup of their private seed phrase that would be |
| 1:21.4 | split up amongst different custodians and also tied to their personal identity. The crypto |
| 1:26.7 | community kind of freaked out about this, and some of the reasons include the fact that it could |
| 1:33.2 | be possible for the companies to be compelled by the government to give up the identities of these |
| 1:37.3 | people. It could also be because people suddenly realized, oh right, the code for ledger is not |
| 1:44.0 | open source. There's numerous reasons here, but before we go into all the details on ledger recover, |
| 1:50.2 | let's just take a step back, because there's actually a lot of issues when it comes to wallet |
| 1:55.6 | security. So why don't we just kind of give an overview of what all the different problems are, |
| 2:00.6 | the pain points, when it comes to especially self-custody of our digital assets. |
| 2:07.5 | Uriel, do you want to kick off the conversation? Sure. Thanks, Laura. So just for the context, |
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