Global Wealth Report 2023 is out. As usual, lots of fascinating info.
🔹Top 1% have (stolen) 45% of world’s wealth.
🔹US/Europe dominate the richest — top 5%
🔹China leads the middle & upper middle class
🔹India & Africa constitute majority of the poor
#CreditSuisse#economy
A play in 3 acts.
US: “ You can’t have our chips”
China: “Ok, we won’t buy your chips”
US: “That’s economic coercion!”
Curtain. https://t.co/gDVIJCiO1g
I have personally used Ledger hardware wallets for about 7 years. Today is the first day I've decided to look elsewhere.
Apparently, newer Ledger hardware devices (Nano S plus and Nano X) have the capability of sending the private key from the device. Not good.
This just came to light as Ledger unveiled its #LedgerRecover service. This "recovery service" is actually not the core issue. It's what it tells us about the hardware wallet's capabilities.
A properly secure hardware wallet shouldn't be capable of sending the private key. Period.
The fact that the device has the capability of sending the private key is the flaw. Even if Ledger were to release a patch to "address the issue", they can't fix this issue because they have just admitted the hardware device is capable of sending the private key.
I've seen some red-herring discussions regarding this (for example, some will say "Don't worry. It's an opt-in feature. Just don't opt in." or "Just don't update to the newest firmware", etc.) but they are all missing the above, single, massively important point.
Btw, supposedly the older Ledger Nano S (non-"plus" version) doesn't have this capability (flaw).
A temporary, stop-gap solution can be to use an older, Nano S (non-"plus") device. But, Ledger as a company isn't really trustworthy at this point, imo, especially after they already leaked all of our personal information on the Internet in 2020. ( https://t.co/qXZ0Wc18Gl )
I suggest you educate yourself and read up on this topic further. There's a lot of discussion about this on the Ledger sub-reddit right now:
https://t.co/XYz20N4JlN
After over 50 years of fiat "money" inflation and 110 years of Central Banking @federalreserve, it is not surprising that America is collapsing from within. It is a shame.
The collapse of U.S. influence over Saudi Arabia and the Kingdom’s new alliances with China and Iran are painful emblems of the abject failure of the Neocon strategy of maintaining U.S. global hegemony with aggressive projections of military power. China has displaced the American Empire by deftly projecting, instead, economic power. Over the past decade, our country has spent trillions bombing roads, ports, bridges, and airports. China spent the equivalent building the same across the developing world. The Ukraine war is the final collapse of the Neocon's short-lived “American Century.” The Neocon projects in Iraq and Ukraine have cost $8.1 trillion, hollowed out our middle class, made a laughingstock of U.S. military power and moral authority, pushed China and Russia into an invincible alliance, destroyed the dollar as the global currency, cost millions of lives and done nothing to advance democracy or win friendships or influence.
https://t.co/zNC41BzLkv
The 2011 high of $1,923 is the trigger - the Point of Recognition - that will blow the lid off the $Gold bull market. From there, we have a measured move to $3,500 that would likely happen in impulsive fashion (1-2 years) before $Gold meaningfully consolidates.
Grayscale GBTC Trust, the largest legal holder of BTC, refuses to provide any Proof of Reserve.
To begin a community lead effort at transparency for the GBTC holdings, we have taken steps to ID likely GBTC addresses and balances based on public info and blockchain forensics.
The #BISTriennialSurvey shows that the USD was on one side of 88% of all #FX trades, unchanged from 2019. The share with the euro on one side decreased marginally. The renminbi’s share rose to 7%, making it the fifth most-traded currency in 2022 https://t.co/R6xnGKFfU2