Will there be a way to send anonymously (Verisend) via SMS?
http://www.reddit.com/r/vericoin/comments/27bwxt/vericoin_sms_wallet_in_testing/
- pnoskerVericoin Co-Creator
Well I can generally say how it works: We interface with a TXT api service. In our case we're using Nexmo. We have a software layer that can both send and receive text messages using Nexmo's API. We interface using RPC with the VeriCoin wallet. We have secret sauce that does the translation and databasing. We will inevitably have some sort of fee, probably around $0.01 per message to pay the SMS costs as well as the txfee. For now, I'll cover it with some donation money.
- vivalite
SMS is very insecure. With GSM Interceptor device I can intercept any message in my radius and/or mimic any phone # to send a message.
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- pnoskerVericoin Co-Creator
I completely agree. But it's the best some people can have (those with dumbphones and no computer for example). It's not designed to be a highly secure wallet.[/b]
Hmmm that last comment can be negative as positive.... easy to use to less security.....
It sounds like if someone wanted to send anonymously when on the go, they should send to a one time address via SMS and then use Verisend to send to their main address.
Looks like the SMS wallet will work as a "simple" method of using coins with you do not have a fancy phone / computer.
My main concern is, it is a good feature for a specific group, however how to use this in the real world. Have you ever tried using a Nokia, Iphone or Android to type over your wallet address....?
For people who have no other way of using crypto, it won't seem like such a big deal to enter the key. The point is that it is available to use which means much broader reach to unbanked peoples of the world of which there are billions. People who have smart phones aren't the target audience of such a technology.
Yes that sounds correct, however HOW to get involved into crypto's when you do not own a pc? Are they all going to keep their coins on their phone?
So I do think it's a good innovation, I just don't think it will benefit many people, when you look at:
- Why would people who are not into technical stuff (computers / smartphones) suddenly buy VeriCoins using a text message?
- How would they be able to store " large" amounts, on their phone unencrypted?
- Where to even use the coins in real life?
- Can you backup the coins, what if your phone crashes?
Don't get me wrong, I think every step forward for crypto's is good but seems this piece of software will be used when crypto's are there for the masses. Right now are a still in the adoption phase for many of us, when I try to explain my mom she will have money on here phone she is afraid to lose her phone / break it.