i think this is just a marketing idea which can help to differ and highlight this particular mobile phone over the plenty other similar and close models..
cause if a user can install some free android wallets from app store there is no difference.. but now foxconn's marketing could shout out - this is the first in the world mobile phone with built in wallet)))
Topic: NEW! Bitcoin Smartphone Coming Soon - page 5. (Read 1411 times)
SILIN and Foxconn can be sold in some emerging countries, and many young people may be interested in this new mobile phone, and the payment mode of bitcoin and this new way will be considered by many people to be in fashion.
People will object if the products of the two companies are unreachable and will keep people going to use the wallets they can have for free without paying any expense so they are ready with all the risks when using the wallet. For me, Finney will only be owned by the rich only because they have the money to get the product of the two companies whose security is much better than the wallet that was obtained for free.
I heard that will have the first blockchain mobile very soon name FINNEY™ Smartphone
I'm still not sure what's blockchain mobile will have any unique features to make it special.
if they can do this good that will be great for Sirin
I'm still not sure what's blockchain mobile will have any unique features to make it special.
if they can do this good that will be great for Sirin
I was wondering if they honored Hal Finney by naming the device " Finney "
It would be a great tribute to him, if this was the reason for that name. https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)I hope this will be successful and that they will make it one of the most secure mobile Crypto wallets available. We need some gadgets with Crypto currency features to take us to the Moon.
SIRIN LABS is the only truly blockchain enabled phone, The bitvault phone is a total scam, does not exist, never will exist. Invest in SRN not EOT. For EOT is the peter marais (aka eotoshi) scam coin.
Nice idea, but I don't really catch the point...
I do have an android phone now, and I can use Mycelium on it, which is a bitcoin wallet. It can be used as a hot wallet (storing a small amount of bitcoin in that wallet) and as a cold wallet as well, because I can attach a Trezor or a Ledger Nano S to the android phone and Mycelium can handle both hardware (cold) wallets.
So it's already possible to do all these things which is written in the article. My only idea is that they don't really want to use bitcoin as the currency on the blockchain, but they want to set up their own currency and 'force' people to use it instead of bitcoin, which is a really smart move from them.
I'm interested in the outcome of this...
The article wants to emphasize the new smartphone that alligned in a blockchain technology. This upcoming smartphone is very unique than today's android phone. But I am agree with your opinion, there is a mycellium wallet that can be used by smartphones and I am also one of the people who use mycellium in order to store my BTC in my smartphone. I guess, I don't need this brandnew phone if in mycellium can do what it can do also. For me, android phone is just for storing value and asset. I do have an android phone now, and I can use Mycelium on it, which is a bitcoin wallet. It can be used as a hot wallet (storing a small amount of bitcoin in that wallet) and as a cold wallet as well, because I can attach a Trezor or a Ledger Nano S to the android phone and Mycelium can handle both hardware (cold) wallets.
So it's already possible to do all these things which is written in the article. My only idea is that they don't really want to use bitcoin as the currency on the blockchain, but they want to set up their own currency and 'force' people to use it instead of bitcoin, which is a really smart move from them.
I'm interested in the outcome of this...
Nice project but I don't know if this will be a big thing, first we still don't know how strong is the security of the software/wallet that is built-in on that smartphone, there might still be some bugs. Next is if it is a specialized device for Bitcoin or cryptocurrency, then if some bad people saw you, using that smartphone, it can be threat to the owner, this means that this device cannot be safely used in public. So I would still go for hardware wallets like trezor or ledger, proven that it is secured and definitely cheaper than this smartphone that is worth $1000 yet hasn't proved that it is safe to use.
Sirin and Foxconn, jointly launched by the company, could create a milestone in the payment of bitcoin. We all know that there are billions of smartphone users in North America and Asia, and most of them are young people. In my country, there is no need to bring cash with you on every one in my country. Local payment, I think the combination of smart phone and bitcoin will be an explosive opportunity for the industry of digital money.
I don't see much business feasibility of this new blockchain phone that comes with a built-in wallet. I read this news earlier on a different blog where the price of this smartphone is mentioned as $1000/unit. If they want to spread blockchain technology for mass usage, $1000/unit price is not really a intelligent move. Because I can use a cold wallet from my $300 smartphone through ledger Nano S or Trezor. Why would a person spend $700 extra for the functionality which is already available in the market at a very cheaper cost.
Also personally, I am not willing to keep my bitcoin cold wallet in my smartphone. Because smartphone devices are very soft targets for the thieves, especially those who commute daily in public transport. The smartphone may be good for portraying new technology, but it is far from aiding the mass adoption of blockchain technology. Unless, the price comes down to an optimum level like $300-$500.
Also personally, I am not willing to keep my bitcoin cold wallet in my smartphone. Because smartphone devices are very soft targets for the thieves, especially those who commute daily in public transport. The smartphone may be good for portraying new technology, but it is far from aiding the mass adoption of blockchain technology. Unless, the price comes down to an optimum level like $300-$500.
Technology moves and evolves much faster now but the first mobile phones were pretty much a luxury item and very expensive. Once adoption grows or the product proves to have a considerable market, the price will surely come down with scale.
I think it can serve the purpose of actually being an ubiquitous wallet where you keep small amounts that you don't mind being mugged, if it comes to that, lol.. Like we keep our savings and salaries in the bank and only a small part in wallets
with the presence of bitcoin smartphones that is a very good idea, because with this smartphone, will support bitcoin performance, and will greatly help and simplify bitcoin users. of course this smartphone must be equipped with blockchain technology, so that the quality is better than the PC.
I don't see much business feasibility of this new blockchain phone that comes with a built-in wallet. I read this news earlier on a different blog where the price of this smartphone is mentioned as $1000/unit. If they want to spread blockchain technology for mass usage, $1000/unit price is not really a intelligent move. Because I can use a cold wallet from my $300 smartphone through ledger Nano S or Trezor. Why would a person spend $700 extra for the functionality which is already available in the market at a very cheaper cost.
Also personally, I am not willing to keep my bitcoin cold wallet in my smartphone. Because smartphone devices are very soft targets for the thieves, especially those who commute daily in public transport. The smartphone may be good for portraying new technology, but it is far from aiding the mass adoption of blockchain technology. Unless, the price comes down to an optimum level like $300-$500.
Also personally, I am not willing to keep my bitcoin cold wallet in my smartphone. Because smartphone devices are very soft targets for the thieves, especially those who commute daily in public transport. The smartphone may be good for portraying new technology, but it is far from aiding the mass adoption of blockchain technology. Unless, the price comes down to an optimum level like $300-$500.
Despite the skepticism being shown regarding the potential security and safety aspect for such a device, I think this is a pioneering step and should be welcomed.
We are not talking about people keeping 100 BTC in these devices. I see it more as an easily accessible method of using BTC for transactions where the user want anonymity. This is going to be a first of it's kind model so will be expensive. From the article, it looks like it'll have a physical switch to switch from cold-wallet mode to hot-wallet mode. You could probably load the cold wallet part with some BTC, Transfer some of this amount towards the hot-wallet part and then flip the switch to go online.
This'll all be pretty accessible and remove the usage barrier for normal populations. Though the security will need to be thoroughly tested openly by the community to check for any attack vectors. This can be beneficial for adoption.
We are not talking about people keeping 100 BTC in these devices. I see it more as an easily accessible method of using BTC for transactions where the user want anonymity. This is going to be a first of it's kind model so will be expensive. From the article, it looks like it'll have a physical switch to switch from cold-wallet mode to hot-wallet mode. You could probably load the cold wallet part with some BTC, Transfer some of this amount towards the hot-wallet part and then flip the switch to go online.
This'll all be pretty accessible and remove the usage barrier for normal populations. Though the security will need to be thoroughly tested openly by the community to check for any attack vectors. This can be beneficial for adoption.
Very good idea. The more people who use blockchain technology to transact, the more people recognize and curious about blockchain technology. However, it should also be accompanied by government support in their respective countries because if a country does not accept blockchain technology then it is likely that citizens in that country will not be able to enjoy or get the smartphone based on the blockchain technology they created.
Honestly I wouldn't keep my bitcoins on a phone wallet since my phone can be stolen without even knowing it. On the other hand thiefs can follow the persons that bought a phone and steale it from him. That's not the only reason. I also dont see why you wouldn't want to keep your bitcoins on a mobile hardware. You can keep you bitcoins into a wallet that can be downloanded on any android or ios smartphone.
I heard that will have the first blockchain mobile very soon name FINNEY™ Smartphone
I'm still not sure what's blockchain mobile will have any unique features to make it special.
if they can do this good that will be great for Sirin
I'm still not sure what's blockchain mobile will have any unique features to make it special.
if they can do this good that will be great for Sirin
My biggest issue with this that currently smartphones are being used by government agencies to spy on their people (if you think I'm smoking my socks then watch the Snowden movie)
I think using a blockchain based mobile phone to conduct crypto transactions might be giving away too much information to the government. I don't trust them, I believe the biggest criminals are not the ones sitting in Jail nor are they they ones standing trial. The biggest criminals wear suits and tie's and are sitting in parliaments and corporations around the world.
I'm actually considering getting a DUMB Phone.. the dumber the better.. Smart user with a dumbphone is better than a smartphone with a dumb user
I think using a blockchain based mobile phone to conduct crypto transactions might be giving away too much information to the government. I don't trust them, I believe the biggest criminals are not the ones sitting in Jail nor are they they ones standing trial. The biggest criminals wear suits and tie's and are sitting in parliaments and corporations around the world.
I'm actually considering getting a DUMB Phone.. the dumber the better.. Smart user with a dumbphone is better than a smartphone with a dumb user
Block chain mobile phone users, will block chain technology for effective promotion!
Block chain mobile phone's booming development of digital encryption currency and block chain technology to daily life!
The combination of cell phone and block chain will produce a new ecological chain!
Block chain mobile phone's booming development of digital encryption currency and block chain technology to daily life!
The combination of cell phone and block chain will produce a new ecological chain!
,,,
But yeah, to each his own I guess. I personally don't engage in crypto activities with my smartphone because I feel like PCs are much more secure (being much more customizable), and I don't think a mobile device fine tuned for crypto is likely to change that.
But yeah, to each his own I guess. I personally don't engage in crypto activities with my smartphone because I feel like PCs are much more secure (being much more customizable), and I don't think a mobile device fine tuned for crypto is likely to change that.
Imagine that your phone got stolen or got crash because of any major disaster so yeah PC much safer !
There is a difference between safety and security.
Regarding crashes, stolen phone, etc. this is a reason for the PC being safer to use.
But i would not call a PC more secure than a mobile.
Android is utilizing a linux kernel. With proper settings a mobile can be just as secured (and even more secure) than a windows pc.
The security mostly depends on the hardware/software used and on the configuration.
So what's the different when I download mycelium from google play and install on it ?
After got install, my phone turn into bitcoin wallet smartphone.
Imagine that your phone got stolen or got crash because of any major disaster so yeah PC much safer !
After got install, my phone turn into bitcoin wallet smartphone.
,,,
But yeah, to each his own I guess. I personally don't engage in crypto activities with my smartphone because I feel like PCs are much more secure (being much more customizable), and I don't think a mobile device fine tuned for crypto is likely to change that.
But yeah, to each his own I guess. I personally don't engage in crypto activities with my smartphone because I feel like PCs are much more secure (being much more customizable), and I don't think a mobile device fine tuned for crypto is likely to change that.
Imagine that your phone got stolen or got crash because of any major disaster so yeah PC much safer !
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