0 sats \ 2 replies \ @Line2Wire 17 Dec 2023 \ on: How To Move Your Bitcoin From Ledger To Jade bitcoin_beginners
Who's telling OP the Bitcoin didn't actually move from one place to another...? N-No one..? Ok.
It didn't move. Fees for a transaction were paid to solely change UTXO addresses. You could just recover based on the seed. If you feel the need to create a new seed when changing hardware wallets, then there was a degree of trust involved which shouldn't have been there in the first place.
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0 sats \ 1 reply \ @ama OP 17 Dec 2023
Who's telling this guy he didn't understand what the tutorial was all about? OK.
If you recover the old wallet using the original seed phrase, you'd be doing nothing to prevent losing your money if the old wallet had been compromised already.
The whole purpose of the tutorial video was to change not only the hardware signer, but to also change the recovery seed.
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0 sats \ 0 replies \ @Line2Wire 17 Dec 2023
If you recover the old wallet using the original seed phrase, you'd be doing nothing to prevent losing your money if the old wallet had been compromised already.
That's my point exactly. Why would it be compromised unless you placed some degree of trust in it. Let's be honest, the only reason this is a thing is because you generally have to trust the firmware running on a lot of these devices - Most people don't verify it, and some devices even don't let you verify it, and to my knowledge most aren't even reproducible. Hence, trust.
The bitcoin isn't in the device. Technically speaking, the safest device is no device at all.
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