Ledger & TREZOR Official Response

From Ledger, "At the 35th Computer Chaos Congress in Leipzig, Dmitry Nedospasov, Thomas Roth and Josh Datko gave a presentation called wallet.fail, where they tried to demonstrate that Hardware Wallets were vulnerable to several types of attacks. Concerning Ledger, they presented 3 attack paths which could give the impression that critical vulnerabilities were uncovered on Ledger devices. This is not the case."


TREZOR's manufacturer SatoshiLabs responded to the vulnerabilities on Twitter, saying "With regards to #35c3 findings about @Trezor: we were not informed via our Reponsible Disclosure program beforehands, so we learned about them from the stage. We need to take some time to fix these and we'll be addressing them via a firmware update at the end of January."

SatoshiLabs also responded in their subreddit with slightly more detail, "Per my latest information (I am not present at the conference), we were not informed about this vulnerability via our Responsible Disclosure process, and therefore we are working with the information as it arrives. We will address this vulnerability as soon as possible, though we will need some time. Until then, you can mitigate it by using a passphrase (make sure to learn how it works first, as in case of passphrase-loss your funds are irrecoverable), or by making sure you do not lose physical access to your device. To exploit the vulnerability, the attacker needs to have physical access to your device — directly to its board."

Of interest, neither manufacturer was notified of these vulnerabilities prior to it's disclosure on stage at CCC through their responsible disclosure programs so have been caught unaware. SatoshiLabs and Ledger will both be patching their devices by the end of January.

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Bitcoin – The Currency of the Internet

I gifted $20 of Bitcoin to Janet Yellen’s public email. Her response: `Thanks so much for the gift! Maybe “to know it” will be “to love it.” `

I gifted $  20 of Bitcoin to Janet Yellen's public email. Her response: `Thanks so much for the gift! Maybe “to know it” will be “to love it.” `

I gifted $ 20 of Bitcoin to Janet Yellen via Biterica. Her gracious response and more background below.

You’re welcome, Janet. Thanks for keeping an open mind!

Response from Janet Yellen

Original Gift

Transaction: https://www.blockchain.com/btc/address/1Jecifwq28Mh9L6thrREiVVwLuKva2qWFp

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Bitcoin – The Currency of the Internet

I disagree Bitcoin will stay neutral or go down with this stocks and imminent next bear market and correction. Bitcoin was intended as a the correct response to the last crisis, however, wasn’t realized then. It will be this time.

I noticed the community insinuating that it will go down with the stock market because people will be trying to pull their money out of markets and look for safe havens in government issued assets and currencies, like the dollar, treasuries and bonds.

This is flawed logic and counter to the exact solution and correct response that Satoshi originated in the last crisis.

Bitcoin is a store of non inflationary, non government, digital money and value, that works better than gold, and is extremely powerful because of it's essence. It is a borderless, censorless, immutable, incorruptible, non inflatable measure we can use to evaluate assets distinct from third party interference. It is a power of accurate and true monetary assessment anyone can use. And with community involvement, and cryptographic developments, will become the central means of merchant and consumer exchange.

Stocks, treasuries and all assets were and have been inflated by governments, grossly and incessantly, since the last crisis to stave off the natural discovery of true underlying value within assets. We are now approaching the pinnacle of inflated valuations and indebtedness because of the governments bandaid response to the last crisis. They are simply out of tools now and there is a new measure of value that is immutable, namely, Bitcoin.

Bitcoin is the answer.

Bitcoin will be realized this time.

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Bitcoin – The Currency of the Internet