What if you lose it?
Strong passwords are the answer to wallet theft. Having all your coins in a single device that can be lost or stolen or broken seems insane to me.
Furthermore, the last thing I need in my life is more gadgets and gizmos to carry around. No thanks.
And, BFL. I dont think I have to say anything there. Its all been said.
Topic: Thoughts on Bitsafe? By Butterfly Labs - page 2. (Read 2712 times)
I don't understand why people here seem to be shrugging their shoulders at this idea... I have imagined something exactly like this for a long time now. If it's cheap enough then this could be the link needed for mass adoption of bitcoin with everyday purchases, a true digital wallet.
... It's just a shame it had to be butterflylabs developing it. Hopefully a few other big players will start developing similar products which would bring release date closer and keep the prices competitive.
Perhaps companies will considering give the devices out free if they can make a small amount of transaction fee's, but then i think would make it an online wallet rather than a hardware wallet.
How do you think it will work... Wifi connectivity? or perhaps a sim card using gprs/3g?
... It's just a shame it had to be butterflylabs developing it. Hopefully a few other big players will start developing similar products which would bring release date closer and keep the prices competitive.
Perhaps companies will considering give the devices out free if they can make a small amount of transaction fee's, but then i think would make it an online wallet rather than a hardware wallet.
How do you think it will work... Wifi connectivity? or perhaps a sim card using gprs/3g?
Are you Matthew, for the Elite comes to mind?
personally I've had the hardware wallet idea in my head since a long time, but i realized that web wallets = mass adoption NOT hardware wallets. While whoever makes them will make a lot of money at first but on the long term it's not really a good idea. secure Mobile app wallets do a better job for day to day btc transactions, more convenient too (imagine sending btc over whatsapp in future).
Hardware wallets have huge risk from theft, damage, software crash, component failure, future warranty issues, lack of spare parts / repair in future etc. hardware wallet = just another gimmick gadget in your gadget pile
at home
imagine u keep ur hardware wallet for long term storage, then 5 years later u realize it's not turning on, no thanks.
for backup, paper wallets are best
Hardware wallets have huge risk from theft, damage, software crash, component failure, future warranty issues, lack of spare parts / repair in future etc. hardware wallet = just another gimmick gadget in your gadget pile
at home
imagine u keep ur hardware wallet for long term storage, then 5 years later u realize it's not turning on, no thanks.
for backup, paper wallets are best
I like it 
How do you think it will work... Wifi connectivity? or perhaps a sim card using gprs/3g?
I think its more for offline storage than creditcard-like storage. For day to day, low amount payments you can just use your phone.
I don't understand why people here seem to be shrugging their shoulders at this idea... I have imagined something exactly like this for a long time now. If it's cheap enough then this could be the link needed for mass adoption of bitcoin with everyday purchases, a true digital wallet.
... It's just a shame it had to be butterflylabs developing it. Hopefully a few other big players will start developing similar products which would bring release date closer and keep the prices competitive.
Perhaps companies will considering give the devices out free if they can make a small amount of transaction fee's, but then i think would make it an online wallet rather than a hardware wallet.
How do you think it will work... Wifi connectivity? or perhaps a sim card using gprs/3g?
... It's just a shame it had to be butterflylabs developing it. Hopefully a few other big players will start developing similar products which would bring release date closer and keep the prices competitive.
Perhaps companies will considering give the devices out free if they can make a small amount of transaction fee's, but then i think would make it an online wallet rather than a hardware wallet.
How do you think it will work... Wifi connectivity? or perhaps a sim card using gprs/3g?
I'd buy it for a reasonable price
cheaper than the trezor thing. they are planning a low cost bitsafe for 30 USD...
Encryption and duplication seem to be sufficient for keeping a piece of information safe. Could anybody tell me why this is necessary in the first place?
Safely storing coins needs to be simple for the less tech-savvy.
http://www.youtube.com/watch?v=QA9IUzWbjD0
http://www.butterflylabs.com/bitcoin-hardware-wallet/
Bitcoin Hardware Wallet
Thoughts? Pricing?
http://www.butterflylabs.com/bitcoin-hardware-wallet/
Bitcoin Hardware Wallet
Thoughts? Pricing?
There should be a limit of "hype". This is beyond.
Encryption and duplication seem to be sufficient for keeping a piece of information safe. Could anybody tell me why this is necessary in the first place?
I personally wouldn't expect it anytime soon if at all.
now to derail the tread:
this remindet me to check up on http://www.bitcoincard.org. Is the mycelium bitcoincard officially dead?
now to derail the tread:
this remindet me to check up on http://www.bitcoincard.org. Is the mycelium bitcoincard officially dead?
I see pictures. No details.
Pre-order now for delivery in 2015?
http://www.youtube.com/watch?v=QA9IUzWbjD0
http://www.butterflylabs.com/bitcoin-hardware-wallet/
Bitcoin Hardware Wallet
Thoughts? Pricing?
http://www.butterflylabs.com/bitcoin-hardware-wallet/
Bitcoin Hardware Wallet
Thoughts? Pricing?
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