Pages:
Author

Topic: If bitcoin gets mass adopted, must we use our mobiles to buy? - page 3. (Read 650 times)

copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
There are 2 hardware wallets for mobile only. You can also think about payment cards with Bitcoin. I am talking about a pure card that can be used with Bitcoin only. Not like the cards, we have where you send bitcoins to their wallet and then it gets converted to fiat.  (like advcash,etc)
@bitbunnny Isn't Mycelium outdated, I thought nobody used it anymore.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
Mobile phones are geting prevaled computers and laptops because they are more convenient and you can carry them with you everywhere and on the other hand they are like small computers so you can have actualy your whole life on it.
So, yes, I think that payments with mobile phones are the future even when we talk about Bitcoin and other cryptocurrencies.
There are realy good mobile wallets like Mycelium with good safety features. With high usage and mibikutyobility demands they will get more developed and more safe so I don't see that as a problem.
legendary
Activity: 2646
Merit: 6681
Self-proclaimed Genius
-snip-
The idea of spending Bitcoins for a coffee everywhere is too far fetched in this Country-divided world.
Even LN isn't designed to conveniently use in those scenarios.
In order to come up to that point, Bitcoin should be legally accepted by almost all Governments using any centralized payment processors that they "trust", and it's not in favor of the majority.

However, based on the current events, Bitcoin is going strong as a Decentralized currency that can be used to trade not-so-small goods unlike pancakes and coffees.
Also, this doesn't look like a Technical Discussion.
jr. member
Activity: 43
Merit: 7
but anyway you can't pay a coffee with btc, I'd spend some doge or stellar instead, due to fees  Tongue
LN is your friend Wink try the eclair wallet, it is very nice Wink
doge have no developers, last update was 3 or 4 years ago.. you should not use doge.
If you have 10 million dollars in your wallet...
I would not even feel comfortable to declare my BTC address in public LOL
LN is your friend too
however, if you care about privacy, you should not keep 10million dollars in a single address.
full member
Activity: 756
Merit: 112
For me, this is the best solution. You will need to still secure your address. So just like what we do every day, you get a certain amount of money from your bank account for your everyday usage.

But people will need to be aware that they will need to change their wallet often atleast may be at every transfer from your large account. Bitcoin is a public ledger. You don't want any people tracking your wallets and its funds right?

Transferring just small amounts to your mobile?
This is what works for me. I have blockchain app installed in my phone. My cold wallet is Ledger neno S. Depending on my expenses, I transfer my BTC from my cold wallet to my blockchain app.

It's like how we do for the fiat money. The concept is, I have money in my bank. When I need money - I take off some money and carry it with me in my wallet.
member
Activity: 596
Merit: 42
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 think the best solutions will be hardware wallets for mobile like this xeeda.io or terminals like this kinekt.technology

but anyway you can't pay a coffee with btc, I'd spend some doge or stellar instead, due to fees  Tongue
copper member
Activity: 630
Merit: 420
We are Bitcoin!
Exactly. People forget how it was with fiat before the internet...
With information overloaded all-over the internet and being an advanced user sometimes we forget the basic  Smiley I consider it completely normal for us.

If you have 10 million dollars in your wallet...
I would not even feel comfortable to declare my BTC address in public LOL
full member
Activity: 121
Merit: 123
are not hardware wallets safe enought to be connected directly to the merchant pc? lol Wink

Define 'safe enough'. If you have 10 million dollars in your wallet, you probably wouldn't want to carry it with you wherever you go, even if you consider all it's security measures.
jr. member
Activity: 43
Merit: 7
are not hardware wallets safe enought to be connected directly to the merchant pc? lol Wink
full member
Activity: 121
Merit: 123
Transferring just small amounts to your mobile?
This is what works for me. I have blockchain app installed in my phone. My cold wallet is Ledger neno S. Depending on my expenses, I transfer my BTC from my cold wallet to my blockchain app.

It's like how we do for the fiat money. The concept is, I have money in my bank. When I need money - I take off some money and carry it with me in my wallet.

Exactly. People forget how it was with fiat before the internet - even if you had a credit card, there was no way to verify you actually had money in your bank account, thus cash was much more popular than today. You simply took enough cash to buy what you needed, but no too much in case you get robbed or lose your wallet.

Today though, there is internet, so there will probably be companies that offer services similar to those offered today by CC companies. For example, using a third party to pay for your everyday purchases (they will transfer the BTC to the store) and paying them back at the end of the month.
copper member
Activity: 630
Merit: 420
We are Bitcoin!
Transferring just small amounts to your mobile?
This is what works for me. I have blockchain app installed in my phone. My cold wallet is Ledger neno S. Depending on my expenses, I transfer my BTC from my cold wallet to my blockchain app.

It's like how we do for the fiat money. The concept is, I have money in my bank. When I need money - I take off some money and carry it with me in my wallet.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
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?
Pages:
Jump to: