Ledger laying off 12% of staff. Lesson in violating trust & telling your customers to F-Off

:: I had a Ledger wallet until it fell into the ocean whilst I was on a deep seas fishing trip:: In today’s news Ledger is laying off 12% of their staff CEO cited “headwinds in macro economics”.

Less than 6 months ahead of halving that usually kicks bull run into a high gear + Whilst more people are turning towards self custody

LET THIS BE A LESSON TO ALL OF YOU ENTREPRENEURS

1) Never ever never ever violate your customers’ trust. When Ledger decided to do that stupid stunt about seed phrases. Instead of creating a new separate product all of a sudden they destroyed everything they claimed to be offering (Privacy + Security) and because they are not open sources we the Ledger owners freaked out.

and what did Ledger CEO do? (As it’s customary- based on my experience with other French companies-) 2) Tell us to fuck off. He said” this is what we think is the future “. If you don’t like it go elsewhere. He literally said that on 2 different podcasts. (Arrogant is a French originated word)

Later on Peter McCormick tried to help him out, gave them opportunity to rescue themselves on his podcast in Miami.

But Noooooo Pascal is too proud/arrogant to admit they were wrong and apologize. He was like. our messaging is wrong, we didn’t timed the launch right, and said we are “pausing” the launch. AKA Blah Blah Blah.

For those of you who have your companies (to buy more BTC of course) THIS IS WHAT HE SHOULD’VE DONE:

As soon as the backlash started by us his customers. Shut up and listen . Then he would’ve heard. Our concerns over the privacy&security. And recognize That’s the CORE PRODUCT they were selling.

Then Immediately and publicly apologize for the mistake ( Sorry guys you’re right. I don’t Know what the fuck I was thinking, you’re Right. instead of changing the wallet you guys have We are now creating a new Ledger Lite wallet that comes with this option of recoverable seed phrases.

Please accept our apologies and know BTC means self custody and we are committed to Your privacy.