Saw this add on youtube the other day.I thought it supports NFC ,one tap payments.Never know its only used for one time payments.Still confusing ,do we throw away the hardware after the initial use ?Btw I still don't see any reasons why we should choose Opendime over Trezor.
Just read the Faq's ,it can't be used as a cold storage.Now I don't see any point is buying one,an android wallet is basically a better option.
Topic: Opendime, a New Hardware Wallet. Any Reviews? (Read 935 times)
Here is a video of it https://www.youtube.com/watch?v=LK5G5jAzoyk
Great, very useful, thanks for putting up the link. I will consider ordering a "three-pack" and see for myself how well the the device works.
I still welcome opinions or reviews. I like the idea of a very minimalist design and use.
Here is a video of it https://www.youtube.com/watch?v=LK5G5jAzoyk
I believe there's a market for it (as a mean of physically exchanging coins) but it shouldn't be called a hardware wallet because it's a totally different thing
Looks like a product without a market to me. FAQ specifically recommends not to use for cold storage also. A twist on physical bitcoins without the collector appeal.
...
Well, yes. That seems to be the primary niche for opendime hardware.
But, think about it. It costs some US$11 (so not that much) each for a device which you can give away in payment, sort of like a gold coin. Load that sucker up one time with, say, BTC3.00. Then give it away as payment for Gold Eagle (assuming your counterparty is OK with BTC). They can "cash it in" (break open the device to get the Private Key), or just pass it along again...
It seems like a wonderful solution for some users. That's why I am hoping that someone will come by and tell us how it works and if they are happy with it.
Note that when you give it away, that "transaction" does not show up on the blockchain, only breaking open the device and extracting the BTC "within" would.
Well, yes. That seems to be the primary niche for opendime hardware.
But, think about it. It costs some US$11 (so not that much) each for a device which you can give away in payment, sort of like a gold coin. Load that sucker up one time with, say, BTC3.00. Then give it away as payment for Gold Eagle (assuming your counterparty is OK with BTC). They can "cash it in" (break open the device to get the Private Key), or just pass it along again...
It seems like a wonderful solution for some users. That's why I am hoping that someone will come by and tell us how it works and if they are happy with it.
Note that when you give it away, that "transaction" does not show up on the blockchain, only breaking open the device and extracting the BTC "within" would.
A one time bitcoin use?
So you have to throw this hardware away after you use it to receive?
So you have to throw this hardware away after you use it to receive?
...
I saw a couple of references here and at one of the Bitcoin magazines to opendime, a Canadian outfit making a cheap, one-use-only hardware wallet. It looks pretty interesting to me, but the website does not make it crystal clear how to take your BTC out.
https://opendime.com/
They have sold their first batch, it looks like more are on sale for delivery soon (June/July).
It looks like they accept Bitcoin as payment now.
Has anyone tested the product?
I saw a couple of references here and at one of the Bitcoin magazines to opendime, a Canadian outfit making a cheap, one-use-only hardware wallet. It looks pretty interesting to me, but the website does not make it crystal clear how to take your BTC out.
https://opendime.com/
They have sold their first batch, it looks like more are on sale for delivery soon (June/July).
It looks like they accept Bitcoin as payment now.
Has anyone tested the product?
Jump to: