pull down to refresh

Trezor Catastrophewww.reddit.com/r/Bitcoin/comments/qs1y6r/bitcoin_catastrophe_please_help/
121 sats \ 14 comments \ @nullama 4 May 2023 bitcoin
write
preview
related posts
42 sats \ 1 reply \ @gnilma 4 May 2023
I wouldn't blame it all on Trezor. The guy in the post proceeded to send funds to an address that he does not have the private keys for. That is the same as trying to burn his in-laws' bitcoin on purpose. He should not be messing around with any bitcoin, let alone other people's bitcoin, if he doesn't even understand the importance of having the private keys before you send bitcoin to an address.
How about some personal responsibility? Bitcoin is freedom, but one cannot have freedom without having personal responsibility.
Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences…Liberty and responsibility are inseparable.
Friedrich A. von Hayek
reply
1 sat \ 0 replies \ @nullama OP 4 May 2023
Yes. The ultimate responsibility is on the user.
But, a good designed wallet should make sure the user sees the seed when setting up the device for the first time.
reply
103 sats \ 2 replies \ @sime 4 May 2023
I don't believe this is the fault of the Trezor. It has built in precautions built if Trezor is disconnected. And I have just tested it.
  1. Wipe Trezor
  2. Create new seed
  3. Note the 'backup needed' message
  4. Backup words 1-3
  5. Disconnect Trezor
  6. Reconnect Trezor
  7. See 'backup failed' on Trezor
  8. See 'backup failed' in Trezor Suite.
https://i.postimg.cc/9QtcPw6m/4-P-20230504-091911-1.jpghttps://i.postimg.cc/k5JqTXCx/3-P-20230504-092035-1.jpghttps://i.postimg.cc/wjd6sQb4/2-P-20230504-092053-1.jpghttps://i.postimg.cc/gkhzJT46/1-P-20230504-092634.jpghttps://i.postimg.cc/tg481BFj/Screenshot-2023-05-04-at-9-39-40.png
reply
0 sats \ 1 reply \ @franzap 4 May 2023
That post was written in 2021, things may have changed
reply
0 sats \ 0 replies \ @sime 4 May 2023
Dunno exactly for 2021, but definitely in 2022 it behaved like this.
Also the Model 1 firmware updates have mostly been about security and not so much about features.
reply
1 sat \ 0 replies \ @nullama OP 4 May 2023
A couple is getting divorced. A person tries to help them split the Bitcoin in their trezor device. That person managed to send the Bitcoin to an old address that they don't have the private keys of anymore.
Bad design from Trezor to allow something like this to happen (they bypassed the seed phrase step).
“There is nothing wrong with the Trezor. Trezor changed their setup about 1 year ago to allow you to get started quickly and they made it so they don't show you the words immediately. When you click on 'Backup' in the Trezor Suite it will show you the seed words and prompt you to write them down.
So, in retrospect, the right thing to do would have been to pause and after you made the first transfer and realized you didn't have the seed words. If you had come and asked here you would have been guided in how to make a backup of the seed words. You could have still made a backup of them.
The mistake was in wiping the Trezor. There was no need for that. You could have still gotten the seed words from it.
Of course, the most critical error was in then sending the bitcoin to the address of the wiped device. At this point nothing can be done since the seed words are gone forever.
reply
11 sats \ 2 replies \ @Atreus 4 May 2023
No words. What can you even say to this? It's tragic for the elderly person who got screwed.
Be slow and methodical when moving funds. Send test transactions. Think before you do things. Write down seed phrases when you get them.
reply
1 sat \ 1 reply \ @nullama OP 4 May 2023
Good advice.
Although the user should have done all of that, it is also a bad thing that they were able to use a wallet without ever seeing a private key or seed in the first place. I think that's bad design.
reply
0 sats \ 0 replies \ @Atreus 4 May 2023
I do agree with that
reply
0 sats \ 0 replies \ @kristapsk 4 May 2023
One should never send bigger amounts to a wallet before restore from backup is tried.
reply
0 sats \ 0 replies \ @Rex 4 May 2023
New technology is different from old knowledge and must be carefully understood rather than compared with old thinking, otherwise it is easy to make big mistakes. A Bitcoin hardware wallet is not a wallet, it is just a signature tool that prevents private keys from leaking to the Internet.
reply
0 sats \ 0 replies \ @TheBTCManual 4 May 2023
oef, that must hurt something fierce, divorce is not a mental state I want to be in when handling my keys lol
If anything I would have just told the wife lets settle up, ill keep the BTC and pay you, your portion in cash and we leave it at that
reply
0 sats \ 1 reply \ @faithandcredit 4 May 2023
Its 1 year old thread, why link it now?
reply
3 sats \ 0 replies \ @nullama OP 4 May 2023
What happened then can still happen today.
reply