Topic: Samsung S10 Embedded with Cryptocurrency wallet - page 6. (Read 1034 times)
Of course this is very welcoming news for crypto enthusiast. My only concern is the price, we all know that Samsung produces high end smart phones, so I'm assuming the price will be expensive even for casuals crypto investors. Second, if the phone is expensive, then why not get a hardware wallet which prices around the $100-$300 only? Also I consider it not safe, because your phone will be always online so the risk is there, just saying.
Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?
Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
I think, these are great news. Not because everyone needed this functionality. It's just a very good indication for the whole crypto industry. When such big fish as Samsung invests time and money into creating a new feature for its high-end product it means they did a thorough analysis of the market. So we can be sure that analysis showed high awareness of cryptocurrencies around the world.
This can cause a network effect. If other manufactures start integrating crypto-features into their products we may witness new limits of Bitcoin price very quickly.
Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?
Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
Negative because ofHere is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
1. Security 1. Validation risk: who programmed the wallet? Where is the source code?
2. Security 2. surface of attack. Embedding the wallet directly on the phone greatly improves the surface of attack of potentially malicious attacker.
3. Privacy. Embedding a wallet in a phone link my wallet to my IMEI, that is linked to my identity. That phone comes with an embedded KYC
4. Personal security. Hanging around with such a phone signals you are interested in crypto. So you are exposed to physical attack. Even if you don’t actually hold any crypto in the wallet you are exposed to such a risk. (here an always relevant XKCD strip: https://xkcd.com/538/)
Instead I cannot think of a single advantage of carrying such a phone, instead of a regular phone with an open source app installed (second best, apple with a well known wallet)
It can create positive impact since if a big company trust this market, for sure the consumer will also trust it.This is a big move for samsung hopefully it can create the pump in the market so we can now have a better trend again, hopefully Apple will do the same
Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?
Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
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