Samsung confirms the rumor! - page 10.

steampunkz

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Quote from: richminded on February 20, 2019, 07:03:39 PM

A lot of people are excited again to witness the new smartphone flagship of samsung. Few hours from now and they will reveal it.

One of the best rumor is that, S10 Smartphone will be equip by a private cryptocurrency key storage, and it makes speculators think about that much.

https://www.coindesk.com/samsung-galaxy-s10-includes-private-crypto-key-storage - here’s some link to
More about this rumor.

I think its confirmed, and honestly it made me goosebump because it looks like most of the big companies are now supporting cryptocurrency. This is the beginning, we will benefit a lot from this market.

I already heard about this rumor last week, The phone has special features on crypto, Well it is Samsung last time I posted some news here about them making their own mining equipments.

Johnzky

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Quote from: richminded on February 20, 2019, 07:03:39 PM

*snip*

I think its confirmed, and honestly it made me goosebump because it looks like most of the big companies are now supporting cryptocurrency. This is the beginning, we will benefit a lot from this market.

Samsung started to adopt crypto year ago and this is part of their full support for this currencies and technology

But confirmation is what we need or atleast the actual features of this new model of samsung fo the humirs become reality ..

Quote from: LogitechMouse on February 21, 2019, 06:56:41 AM

This will make a domino effect with other phone brands. Other phone brands will do what Samsung did too in the next years. I'm happy that they supported cryptocurrency for a long time already and this additional feature is another step for mass adoption since many are using Samsung in the world.

We know how these companies move,and for sure they will release their own brand and models to adopt crypto.but what i am waiting is Apple if when they will make same actions

LogitechMouse

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This will make a domino effect with other phone brands. Other phone brands will do what Samsung did too in the next years. I'm happy that they supported cryptocurrency for a long time already and this additional feature is another step for mass adoption since many are using Samsung in the world.

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Quote from: MakeMoneyBtc on February 20, 2019, 10:22:28 PM

I doubt it will cost 1980$ or even 1600$ just because they have added something related to crypto. S9 price was a bit over 700$ when it was released so for S10 the maximum price I expected to be is 1500$ but even that seems much. It will probably be somewhere around 1000-1250$.

The s10+ is available here on preorder for the equivalent of 1900$.
The cheapest version is at 1100$.

Quote from: valta4065 on February 21, 2019, 02:27:54 AM

People also have online banking on their phones and financial apps like Revolut, PayPal... There is always some risk but if you have password (or pattern) set to unlock the phone and another password when accessing banking app/private keys, you are relatively well-protected. If Samsung adds a feature of locking private keys when you lose a phone, the risk becomes negligible.

You realize that unlike a bank account or a paypal account, there is no way to lock or freeze a bitcoin address, right?

Quote from: adaseb on February 21, 2019, 01:41:54 AM

Right now we have no idea exactly how it works. People are arguing all over Reddit that its not a "wallet" and just something to "store private keys" which doesn't make much sense.
Because if you got a secure way of storing the keys, what happens when you actually want to spend them? You also need a secure way of inputting the seed, making a transaction and broadcasting it.

Yes, that's what it does, it stores your private keys and it gives access to the 3rd party app you want to use as a wallet to them Tongue

. Feeling safe?

richminded

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Quote from: Kemarit on February 20, 2019, 11:09:08 PM

I'm still not buying this, too expensive to be honest. I'm an old school as you can get so I would rather buy hardware wallets as they're way more cheaper plus you still feel safe. I'm not saying that the Samsung phone is bad, but we all know our smart phones are always online, so there is the risk than your wallet can be expose and your coins can be compromise, just saying.

An expensive phone like this doesn’t even fit on my pocket, so I will also not buy this one just because they support cryptocurrency. Anyway, I also love an old school phone but of course this is great for samsung users here.

faceoff97

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Quote from: Rocket.Run on February 20, 2019, 09:41:40 PM

So I guess this was the reason behind a slight bump in the prices of most coins? Not that I really care about speculation but I guess it's not a small impact.

There were big names and companies that was link with crypto in the recent news, this could be many of reasons why the price increase a little. If more news is going to spread and would give people good impression, this could lead to continuous growth of price. It's the best time to buy and hold, sooner or later the price will go better.

bitbunnny

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Samsung is fighting competition which is very harsh and this is probably the decision they made to be at least one step in front of them. Which is definetely good news for all cryptocurrencies users and Samsung will get new customers. But it's yet to see how will this function in reality and what will be security features and possible vulnerabilities, that is very important.

eternalgloom

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This is obviously amazing news and I really wonder what the impact of this will be.
You've basically got the largest smartphone manufacturer actively promoting Bitcoin to all of its users, literally millions of people worldwide.

Of course, most people probably won't even use this wallet, but just to have the wallet there on their phone gives Bitcoin a whole lot of exposure.

Stanlo

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Samsung is big company and I'm happen they embrace cryptocurrency ,this is another success for cryptocurrency at least a leap forward ,things are getting better and its only a matter of time now ,mainstream adoption is not far away anymore

FARMAMUN

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Many people wait this news today.

Cryptocurrency will step forward integrated into phone manufacture basis, which can increasing market stock price. Hope so.

aoluain

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Yes good news, its great to see a BIG name brand jumping on board the
crypto train. They either see a true increase in adoption of crypto in the
future or its just a gimmick.

The price is quite high though and im not sure either that I would be
confident in my wallet security unless there are new security and
encryption features on the new device.

nc50lc

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Quote from: adaseb on February 21, 2019, 01:41:54 AM

I guess we need to wait until March 8th until it ships and some Crypto lover can actually try out the feature

Maybe this will help (quote from: Samsung)

Quote from: news.samsung.com

Security: Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.

By the context, it looks like their version of a built-in hardware wallet not just a private key storage (if ever, it will be an obsolete feature).
This could mean that they are planning to release services, apps or integrate with existing services which will make use of the locally stored private keys to use just like a hardware wallet.

@OP This "rumor" was already been discussed here: Samsung S10 crypto wallet leaks since January 24.

valta4065

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Quote from: Oasisman on February 21, 2019, 12:22:41 AM

Ohhh Samsung is making a smart move with new addition innovative feature that bridge the gap between the people who hasnt introduced to cryptocurrency yet and the people who are currently into it. These could be both benificial for the company and customers.
Anyway, I will be expecting an arising issue regarding that specific feature, most especially if we're talking about how secure is the private key storage, especially when the phone is lost or stolen. Everyone knows that this phone contains and support financial information in cryptocurrency, It might be someone would try to get in to your storage. Trust me, someone will gonna do it.

People also have online banking on their phones and financial apps like Revolut, PayPal... There is always some risk but if you have password (or pattern) set to unlock the phone and another password when accessing banking app/private keys, you are relatively well-protected. If Samsung adds a feature of locking private keys when you lose a phone, the risk becomes negligible.

Bitcoindigger02

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With the interconnection advantage of the Internet of Things, the control of different devices in different industries can be realized only through a smart phone, which also means that with the continuous development of the Internet of Things, smart phones will become the hub of the Internet of Things. In the interview, the author heard a similar point of view many times from different guests, that is, "digital encryption currency based on cryptography represented by bitcoin is very suitable for use by robots, and will become the payment mode between intelligent devices when all things are interconnected."

Technological giants may be turning such sci-fi scenes into reality. Samsung officially announced that it will hold a new product launch on February 21 this year, and Galaxy S10 will officially appear, so let's explore.

adaseb

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I guess we need to wait until March 8th until it ships and some Crypto lover can actually try out the feature.

Right now we have no idea exactly how it works. People are arguing all over Reddit that its not a "wallet" and just something to "store private keys" which doesn't make much sense.

Because if you got a secure way of storing the keys, what happens when you actually want to spend them? You also need a secure way of inputting the seed, making a transaction and broadcasting it.

Baofeng

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This is a welcoming news for everyone, specially though techie out there, who loves to have the latest technology on their hand. Grin

. This could be a win win situation for samsung and the crypto enthusiast. Now we enjoy the best of both worlds. And it could also push the price of crypto if buyers want to take advantage of this latest embedded crypto wallet in their smart phone. The price though is my main concern, so let's see how apple will react though, are they going to include in their next apple phone as well?

bering

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The price of smartphone obviously will be expensive but i would listen from people reviews during use this whether it will be good or bad but i have to says Samsung already makes important step when decide to involved to cryptocurrencies industry and they as the pioneer should be followed to other vendor because if this is successfully and people satisfied with that smartphone i think possibly to crypto users switching their smartphone to Samsung and automatically Samsung can increase their costumers

Oasisman

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Ohhh Samsung is making a smart move with new addition innovative feature that bridge the gap between the people who hasnt introduced to cryptocurrency yet and the people who are currently into it. These could be both benificial for the company and customers.
Anyway, I will be expecting an arising issue regarding that specific feature, most especially if we're talking about how secure is the private key storage, especially when the phone is lost or stolen. Everyone knows that this phone contains and support financial information in cryptocurrency, It might be someone would try to get in to your storage. Trust me, someone will gonna do it.

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Quote from: Kemarit on February 20, 2019, 11:09:08 PM

I'm still not buying this, too expensive to be honest. I'm an old school as you can get so I would rather buy hardware wallets as they're way more cheaper plus you still feel safe. I'm not saying that the Samsung phone is bad, but we all know our smart phones are always online, so there is the risk than your wallet can be expose and your coins can be compromise, just saying.

i am still not sure about this. i think i have to wait until it is actually released to see what it is doing. at this point it mostly seems like the infrastructure that allows storage of private keys in a secure manner in the phone's hardware and it is not a wallet but you have to build wallets on top of it yourself. if that is the case then it can be a good thing in my opinion although it still is a bit strange to be honest.

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Quote from: richminded on February 20, 2019, 07:03:39 PM

I think its confirmed, and honestly it made me goosebump because it looks like most of the big companies are now supporting cryptocurrency. This is the beginning, we will benefit a lot from this market.

It is a really exciting news for everyone involved in the market without a doubt and i would like to see the review on how it is and their security features, will i be purchasing a phone to store my coins in the wallet provided by samsung, for small amount i might store in that wallet but i will not risk big amounts since mobiles are the most insecure devices to stores all these sensitive data and that too which cannot be backtracked and decentralized. Wink

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