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2026-01-02 12:43:36 UTC

Cyph3rp9nk on Nostr: The only wallets that meet this requirement are those that do not have any secure ...

The only wallets that meet this requirement are those that do not have any secure element.

It is unfortunate that influencers who are not cryptographers, or even computer scientists, are recommending and analyzing hardware wallets.

A Trezor T (despite its vulnerability) with a passphrase of more than 128 bits of entropy is more secure than any hardware wallet with a secure element and a PIN.

Whichever HWW you use, you have to realize that you must use a seed + passphrase with more than 128 bits of entropy, and therefore a secure element becomes unnecessary as well as inadequate because they sell it to you as if a passphrase is not necessary, and on top of that you have to trust something that is a black box, such as the secure element.

It's incredible how much nonsense I have to listen to in this Bitcoin space.
Kerckhoffs' cryptography principle (also called Kerckhoffs' desideratum, assumption, axiom, doctrine, or law) was stated by Dutch cryptographer Auguste Kerckhoffs in the 19th century. The principle states that a cryptosystem must be secure even if everything about the system, except the key, is public knowledge. This concept is widely adopted by cryptographers, in contrast to security through obscurity, which is not."

Most hardware wallets violate this principle.