{"id":487838,"date":"2022-08-26T05:36:26","date_gmt":"2022-08-26T02:36:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dont-trust-your-coins-to-anyone-ledger-ceo-warns\/"},"modified":"2022-08-26T05:36:26","modified_gmt":"2022-08-26T02:36:26","slug":"dont-trust-your-coins-to-anyone-ledger-ceo-warns","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dont-trust-your-coins-to-anyone-ledger-ceo-warns\/","title":{"rendered":"# Don&#8217;t trust your coins to anyone, Ledger CEO warns"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a283edf7d702\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a283edf7d702\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dont-trust-your-coins-to-anyone-ledger-ceo-warns\/#%E2%80%9D_Dont_trust_your_coins_to_anyone_Ledger_CEO_warns_%E2%80%9C\" >&#8221; Don&#8217;t trust your coins to anyone, Ledger CEO warns &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Dont_trust_your_coins_to_anyone_Ledger_CEO_warns_%E2%80%9C\"><\/span>&#8221; Don&#8217;t trust your coins to anyone, Ledger CEO warns &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvNWE1NGRlMDgtYzY2ZC00ZWRlLTk3ZTEtYWZiNzg0MTllYTQxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>The rise of decentralized services and hardware security wallets means that we no longer need to rely on inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ries to manage our financial assets and data, according to CEO Pascal Gauthier of hardware wallet Ledger, who has urged people to take on more responsibility.<\/p>\n<p>Speaking to Cointelegraph at Surfin\u2019 Bitcoin 2022 on Aug. 25, Gauthier said that the recent collapse of centralized exchanges has showcased why investors shouldn\u2019t rely on intermediaries to manage their digital assets.<\/p>\n<p>While most actors are well intended, Gauthier said \u201cthe [crypto] industry is too young\u201d, the current state of the economy is \u201cunder stress\u201d and if necessary, intermediaries will continue to prevent investors from accessing their holdings in times of need, citing the now bankrupt Celsius as a textbook example: <\/p>\n<blockquote><p>\u201cDon\u2019t trust your coins and your private keys to anyone because you don\u2019t know what they\u2019re going to do with it.\u201d<\/p><\/blockquote>\n<p>Gauthier admitted the bad <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> added \u201cfuel to [their] business,\u201d but reinforced that people need to \u201cmove their coins before it\u2019s too late.\u201d Though Gauthier unfortunately noted that people in crypto often need to \u201cget burned a little bit\u201d before learning the hard way. <\/p>\n<p>But Gauthier also believes that the transition from Web2 to Web3 is taking its time because today\u2019s internet users are content with the speed and efficiency of Web2 services:<\/p>\n<blockquote><p>\u201cA lot of people are still in Web2 [&#8230;] because they want to stay in the matrix where they\u2019re being controlled because it\u2019s easier, it\u2019s you know just click yes yes yes and then someone else is going to deal with your problems. It\u2019s all good and well but actually I don\u2019t think this is how you [become] free [&#8230;] taking responsibility is how you become free.\u201d<\/p><\/blockquote>\n<p>Gauthier added that most people in today\u2019s society see crypto as just another way to make easy money. However, they fail to understand that it can \u201cgive them control on their assets\u201d and provide them \u201cfinancial freedom.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ledger reportedly seeking additional $100 million in funding<\/em><\/strong><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ledger.com\/\">Ledger<\/a> was founded in 2014, and is a leader in security hardware wallet infrastructure through the use of their built in \u2018Secure Element and a proprietary operating system\u2019, which is designed to protect digital assets. As of Jun. 2021, Ledger had sold over 3 million hardware wallets.<\/p>\n<p>In addition to Ledger\u2019s security products, Gauthier said the company has also taken an educative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to help everyday people understand what Web3 is trying to do:<\/p>\n<blockquote><p>\u201cWe spend a lot [&#8230;] of our money [&#8230;] on building content and education [to try] educate people, legislators, regulators [&#8230;] for people to understand what all of this means, why it\u2019s an opportunity, why freedom is being challenged today [&#8230;] in the current society [and] why [this] <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> needs to evolve in order [&#8230;] to make people more free than what they are today.\u201d<\/p><\/blockquote>\n<p>Moving forward, Gauthier said he\u2019s excited to see how blockchain tech unfolds and what crypto applications will bring in mass adoption. Taking a 20 year horizon, Gauthier added that \u201cwhat we are going to see in 20 years are somethings that we can\u2019t really imagine yet.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/don-t-trust-your-coins-to-anyone-ledger-ceo-warns\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Don&#8217;t trust your coins to anyone, Ledger CEO warns &#8220; The rise of decentralized services and hardware security wallets means that we no longer need to rely on intermediaries to manage our financial assets and data, according to CEO Pascal Gauthier of hardware wallet Ledger, who has urged people to take on more responsibility&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":487839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvNWE1NGRlMDgtYzY2ZC00ZWRlLTk3ZTEtYWZiNzg0MTllYTQxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75190,74355,117,72287],"class_list":["post-487838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-hardware-wallet","tag-adoption","tag-business","tag-security"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/487838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=487838"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/487838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/487839"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=487838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=487838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=487838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}