For anyone unfamiliar with crypto, one of the core phrases is "Not your keys, not your coins." Due to the high propensity for scams, many people purchase cold wallets such as a Ledger X (the equivalent of a safe) to avoid keeping their coins on exchanges where their funds could be lost for good (Quadriga/FTX etc.). In order to maintain security, you set up a regular digit related passcode and are also given a list of 20 words called a seed phrase, which is your backup passcode in case your wallet becomes corrupted/broken. People typically write these words out and store them somewhere safe as if they're lost for good, your coins are lost with it.
There is now immense drama after it has been announced that as part of the latest update, your key phrases will now automatically be given to third party vendors, will be split in three (like horcruxes 
), and if you lose your seed phrase, you can recover it by paying a fee to Ledger.
Ledger is preparing to launch a new service called Ledger Recover that splits a wallet recovery phrase—basically, a human-readable form of the private key—into three encrypted shards and distributes them to three custodians: Ledger, crypto custody firm Coincover, and code escrow company EscrowTech. If somebody loses their recovery phrase, two of the three shards can be combined—pending an ID check—to regain access to the locked funds. Essentially, Ledger Recover is an additional safety net; for the price of $9.99 a month, it takes the jeopardy out of crypto’s version of stuffing dollars under the mattress. It’ll be available in the UK, EU, US, and Canada and come to other territories later in the year.
This may sound all well and good, but Ledger has a history of data leaks and privacy issues, including one where all customer information from people who purchased devices directly through Ledger was leaked online.
https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers
The entire Ledger subreddit is an absolute seethe goldmine at the moment, I encourage you to take a look through:
https://old.reddit.com/r/ledgerwallet/
Also I thought we had a biz hole but I don't see it 
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Lol magic internet beans seem like a huge pain in the butt. Currency of the future indeed
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HOLY. FRICK. LMFAOOOOOOOOOOOOO
/h/wallstreetbets
Cryptocels LITERALLY can't stop taking crypto Ls
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Just build your own shamir’s secret share
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That’s all well and good until your friends and family learn how much your magic beans are worth and collude against you.
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!peakpoors
Secured my spot as a top 100 most memorable rdrama poster
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if you don't like it, don't use it?
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no you dont understand all vendors of products have to comply with my desiiiiiiiiiiiiiiiresssss
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biz hole is /h/wallstreetbets
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Hi i am an 18 year old guy after a little bit of thinking i discovered that relationships and s*x aren't the best way for passing on my genes here is an alternative strategy :work 12 to 16 hours a day 7 days a week every week for 30 years save and invest 90 to 99 percent of your income than when you are in your 50s and you are wealthy enough you can buy womens eggs and rent wombs to carry your babies you only have to give semen than when the babies are born dana test them all and take them only if are yours than raise them to grow the family net worth and expend the tribe by breading with woman with certain genetic traits
Snapshots:
https://cointelegraph.com/news/ledger-data-leak-a-simple-mistake-exposed-270k-crypto-wallet-buyers:
archive.org
ghostarchive.org
archive.ph (click to archive)
https://old.reddit.com/r/ledgerwallet/:
undelete.pullpush.io
archive.org
ghostarchive.org
archive.ph (click to archive)
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