Topic: [ANN] The world's first handheld Bitcoin device, the Ellet! - page 17. (Read 45657 times)

I don't think this is a competitor to the Bitcoincard, but a companion instead. In fact, it might behoove the developers to optimize these to facilitate both systems to work together. Bitcoincard is not a Point of Sales device. I'm sure there are more ways to integrate the systems.

Cheers to that. I actually like this concept for even selling locally to non friends.

I have used Square several times to sell bitcoins to my friends, using their debit card or credit card.  the swipe plus signature will minimize the risk.  plus you know the person, so duh.

Subbed.

A)I believe I have missed something. I've read through 6 pages of post. I don't see anywhere where it verifies the person sending you the bitcoins actually has them. Can I make a copy of my wallet at one point in time, clone it to a second SDCARD, put it on 2 ellets and send money to 2 people? It doesn't store the blockchain. So if you are in a place with no wireless and no cellular, I can't possibly see how you can't clone your wallet and spend twice. I mean hell, someone can find a way to open one, kill the antennae, and just walk around spending a bucket load of money at say a trade convention. Lets go a step further. Find the spectrum this uses and kill it with a jammer. You could walk around all day just going "oh look, no signal here. Have 30 bucks" and disappear into the shadows.

B) As others said. The name isn't very good, but whatever. It doesn't flow if you ask me.

C) This will be hacked. Saying it can't, just makes you a bigger target. This deals with money, you already have a large mark on your back. See: iphone, onstar, etc

D) I'd say an app I can put on any phone I'm already I'm carrying in my pocket would be a huge plus. I'm not opposed to another device, depending on the size. When you carry a gun in one pocket, earbuds,gum,cellphone in another and a wallet in one back pocket, you really don't wan't to have leave an implant in the other cheek.

E) If you can get it to the right size and display the time, this would make a great watch replacement. Heck, I still might build a strap to keep it on my wrist, no worries about theft under a long shirt then.

EDIT:F) Accept credit cards. I got a square up device a bit ago. This is awesome for me when I'm at shows. Instant payment that everyone already has, especially when they don't carry around a few $100 in cash. As for the fee, I add it to their total.

Exactly! This is not an issue with Ellet as it does not store the entire blockchain and uses a specially developed lite client.

The bitcoin cards could both store a copy of the signed transaction and the first to connect to a gateway could broadcast it to lock it in.

I have tried "embedded key" solutions for mobile: they just do not work for me because there is the time when I want to make a quick send and the device wants to update its block chain.

I need to wait a few seconds or minutes and that turns the user experience to really bad compared to just any other payment solutions.

IMHO, thin clients (with backend hosted keys) are the way to go mobile.

I didn't really read that as making it not possible to transfer between users, but that could be the case. Still awaiting more info.

This from their website:

So while the Ellet is self contained, the card isn't. Provided the answer to my question is positive - that this is indeed possible with the Ellet.

It seems you are the one trying to duck those valid questions.   

Die einzige Ente hier bist Du!  

Ja, glaub auch, dass das eine Ente ist

Many valid questions here were never answered.
I, personally, won't hold my breath. But subscribing to this thread should be ok..

Ente

In German and in French, it doesnt sound appealing: Ellet

What makes you say that?

Cool initiative!
Some comments on the comments:
I have spoken with people at f-secure that say phones viruses, worms and exploits are plentiful. For smartphones, doubly so. Much easier to compromise a wallet on a phone.
And why worry about the keys on this device if it is physically stolen? Will you even carry more btc on it than the device itself costs? And if you have the wallet backed up you have a chance to empty it before the thieves do.

Question: How would the process be, of me transferring btc to a friend or stranger who also carry such a device?
This is something a bitcoincard wouldn't be able to do, but which is necessary to emulate cash.

I love how SEO' specialists always try to relate high amount of search results with the "difficulty" of reaching the top rank.... lol

It's already up to 1st and 2nd.

2nd and 3rd entries:
http://lmgtfy.com/?q=ellet+wallet


That's good enough for a start. Imagine if/once it actually ships.

Like I implied only for "serious" purchasing security that would be required to prevent large amounts of bitcoins being stolen in the event that you get the device stolen.