If bitcoin gets mass adopted, must we use our mobiles to buy? - page 2.

Rath_

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Quote from: veleten on July 22, 2018, 03:54:36 PM

why MUST? you can use any device you like

You can use any device, of course. Good luck with copying out the address while standing in front of cashier. In my opinion, QR codes are the best choice for now.

Quote from: veleten on July 22, 2018, 03:54:36 PM

with mass adoption there might be specialized devices sold,including plastic cryptocards or mobile deviced designed to store/exchange/sell cryptocurrencies

Actually, there are services which allow you to top up your payment card with bitcoins which are automatically exchanged to any fiat while paying. I don't see any point in using a mere piece of plastic when we can simply scan a QR code or make use of NFC which becomes more and more popular in modern smartphones.

veleten

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why MUST? you can use any device you like
personally,I don't trust enough mobile devices to store anything of value,wallets included (unless it is some spare change)
with mass adoption there might be specialized devices sold,including plastic cryptocards or mobile deviced designed to store/exchange/sell cryptocurrencies
it sounds like a sci-fi fiction at the moment,but lets wait several years and see

Marlo Stanfield

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It's going to be much more safe for people to use a small USB key type sized wallet that's not connected to any network. They can use this to sign transactions, and not have them lose any money to hacks or exploits.

samtasse1488

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I have not watched or read the news any more. It was said that the refugee of other countries (like in Germany there was a reportage), there refugees in the cafe used bitcoin wallets. The government gave them money and they bought something to buy coffee or food, they just went to the cash register and the person's face or eyes were read using a special camera. He just looked at the camera and she removed from his account a certain amount for the purchase.
So we will rather use the same in the future when taking in many countries a crypto currency. Just just looking at the camera at the checkout.

Yurkov

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Pepemo.vip

Quote from: Don Pedro Dinero on June 30, 2018, 06:36:15 AM

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

for me this is the same like when we are "using our money" with our mobiles with banks app, for me it works in some way the same so we don't need to be that worried about those changes which are focuse on our phones.

Marveill

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Quote from: MikeZillo on July 01, 2018, 03:24:21 PM

I guess mobile physical wallet will be created and they will contain the most part of cryptos that will be mainly adopted.
I see it like contemporary debit cards that are able to pay also in fiat different from the loaded one, taking some fees for the exchange.

I imagine it, with a sort of QR code, and a private code to increase security

Small amount can cost some extra charges you're giving 5$ for just one cup of tea.Anyways its hard to bring your laptop to restaurant or just for the sake of Tea or coffee.You can use your mobile app too.

Oasisman

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As far as the security of funds inside the mobile phone is concerned, the easiest option would be (for not so tech-savy people) putting just enough amount you planned to spend for the day in your mobile phone wallet from your hardware wallet. Its like withdrawing funds from your bank and put it inside your wallet.
Certain security steps could be done, as we are responsible for our own safety.

BerneirBTC

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Quote from: Don Pedro Dinero on June 30, 2018, 06:36:15 AM

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

Well maybe in future people use bitcoin to pay bills but not for small amounts like coffee, tea or drinks.It might be possible that in future bitcoin only use for big amounts like buying house, Car, sending big amount of money etc.

seoincorporation

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Quote from: Don Pedro Dinero on June 30, 2018, 06:36:15 AM

<...>

Probably, cell phones are going to be used as credit cars everywhere if crypto becomes mainstream. When I give it a thought I always picture myself feeling like an old man. I mean: probably our parents couldn't imagine that everyone would be willing to share all their personal data in a public "mural", as now the people do every day on Facebook, Instagram and such. Probably, they thought about that as something truly dangerous, for anyone can assume your identity and steal your information; probably they would think about it as impossible.
When the firsts platforms of buying/selling appeared, I remember my family saying to me that I was crazy for buying stuff on the internet (my mother still things this way).
So, I'm afraid that now we are in that position: we think about the use of cell phones as a mainstream way of using crypto as something crazy, for it is easy to see how insecure it is, but, in a world where everybody is sharing even their more personal information, every picture of the daily life, every name of their relatives and friends... well, man. Maybe we are the "oldies" in here, for, yet, the most probable use of the cryptos, if becoming mainstream, will be through the cell phone, and probably we will avoid that as many of us avoid facebook.

centive

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Not always, there are mobile wallets, desktop wallets and also cold storage hardware wallets as well. Boy there were paper wallets before as well. So you can pretty much proceed it from various places, but the point is how safe and secure these origins are. One thing for sure never keep your entire holdings on exchanges, you will pretty much regret it.

goaldigger

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The most efficient and effective way to transact is by using mobile phones. People have it in hands even on the bathroom so it would be more convinient than laptop. Dont need to bother because if people wants to steal something from you,even you have that physical wallet or e wallet, its not safe.

fredo123

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Quote from: Don Pedro Dinero on June 30, 2018, 06:36:15 AM

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

I guess, there will be new sprouting methods to transact btc, Perhaps there will be a new app also to support the new digital assets. I know that innovations are gradually changing depends on the mass trends. Mobiles are good enough but when it comes to security, of storing huge amounts, much safer to use hardware wallets as of now,

suzanne5223

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Want top-notch marketing for your project, Hire me

Quote from: Don Pedro Dinero on June 30, 2018, 06:36:15 AM

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

Hardware and paper wallet are the safest way to store coins but they are not ever safe as well. However, if bitcoin get mass adopted it won't be easy and safe to payment for a cup of coffee at the coffee shop using the mobile but with the help of crypto currency credit card and authy or Google authentication can be use for safe transaction.

audaciousbeing

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Quote from: Don Pedro Dinero on June 30, 2018, 06:36:15 AM

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

Eventually, if bitcoin is going to get massive adoption, we have to use our mobile to transact because you don't expect people to have to go every where with their computer or with their hardware wallets just because they want to pay for burger or coffee. Yes the phones are not secure but in the spirit of that, a lot of us still have our mobile wallets on our phones even bank apps are all on our phones to make transaction faster. The security concern for me would be in two folds

1. The software vulnerability which the mobile software developers are trying to curb with trust worthy developers, Google overseeing, regular anti-virus updates etc, I think that area would be covered to a large extent.

2. The other security is the physical one where in the case of burglary, armed robbery and being forced to transfer from mobile wallets at gun point or in the face of aggravated assault. This is a great concern that might inhibit that but with adequate security with government living up to its responsibility and personal security consciousness, I think that area is also pretty covered.

MikeZillo

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I guess mobile physical wallet will be created and they will contain the most part of cryptos that will be mainly adopted.
I see it like contemporary debit cards that are able to pay also in fiat different from the loaded one, taking some fees for the exchange.

I imagine it, with a sort of QR code, and a private code to increase security

earnestoshodi

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You keep some quantity for frequent transaction in your mobile wallet,while the others in hardwallet

gentlemand

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Welt Am Draht

My phone is now two OS's behind and hasn't had a proper update in several years, yet you can still buy new examples.

That doesn't make me feel too sexy about it becoming my number one expenditure device.

Plugging a hardware wallet in every time I want to spend is painfully unwieldy. Ideally phones will come out with some type of integrated secure element in them. Dunno how or whether it can work but they're not secure enough as is if you're going to run your whole life out of one.

Cryptoville247

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The mobile phone might not be that safe like the offline or paper wallets, but it will still likely be the means of payment due to easy accessibility.

CashMercenary

newbie

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There are some mobile wallet app where you can store your bitcoin and transfer it instantly. You can also use an online wallet right? If BTC will be adopted massively and will be used to pay something in real world, there are still some apps or a platform that will offer that service. It is not something to be problematic since all we need is an internet to transfer those BTC.

dafunkizdiz

newbie

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Wallet goes in your pocket. Bitcoin wallet must be mobile.

You will never feel safe with 10 million dollar in your pocket (even if it is). Too much responsibility. Hardware wallets are here to stay. For a long f**king time.

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