Topic: World`s First Functional Bitcoin Watch - page 2. (Read 388 times)

For those that are suggesting that this is a physical security risk, well so is wearing a traditional Rolex or other big name watch brand. In fact, you could argue that it is safer since the amount of Bitcoin that's on it could be nothing, and not worth the hassle of trying to steal. Whereas, criminals know how much that Rolex is on your wrist, and they likely all ready have fences lined up to offload Rolex watches. A bitcoin watch in itself isn't going to be worth much, and as long as the program, and the connection to the watch is secure, then it isn't too risky. If the watch has its private keys on this watch, then that's just silly. It should just have a QR code, and a wallet that can simply operate as a "watch" address. If you did want to incorporate a payment system right off the cuff , then you would approach in similar to how Trezor, and other hardware wallets approach the concept.

Despite that, this isn't something I see taking off. Its gimmicky, and reminds me of the movie "In Time", where you are literally looking at your wealth (or in the movie life remaining) on your wrist.

Isn't she the one who has able to test drive all the fancy cars in the world mentioning the most expensive car companies? I'm following this lovely girl to her account too.

About the watch, I guess it's not hers just like the address of it.

But thinking about a watch that has a QR code in it does not make it any special for me, I've seen a lot of stuff added with QR code, and a watch? ehh. 
If you're walking with that, you're like walking with a name tag of your bank name. who gets cozy wearing that thing?

The rule is simple. bitcoin can be represented in any physical form, it is easy to buy or sell products that have some bitcoin.
You need to print the public key and the private key to get the money. hide the private key and all done.
some can make small digital devices like ledger and sell them.
you dont need even to print private key or public key.

Bitcoin Watch will develop a lot in the coming years.

^^
So in a sense it's like a fake rolex.
She doesn't own that address or the private keys.
Nice find of the address cause I wouldnt have thought of trying to scan it.
If it's from the mt.gox heist then they might as well be handcuffs and not a watch for their wrists.

I kind of doubt it....



That adress is 1PxGTuJzDx1ceFHx4Z5CHaWuhiPBNovmZD
It's one of MtGox adresses:
https://www.cryptoground.com/mtgox-cold-wallet-monitor/

I reviewed the video once more and I found out that it was uploaded 8 months ago. I just saw it in social media and I thought it was happened few days or weeks because I never seen that video in forum.

Anyway, I agree with your opinion. The fact that the woman in the video has a lot of luxurious cars to be model in social media, she is really a rich woman. And to be practical, no one will wear that watch everyday specially if you will go to beach or market. Definitely, that watch is only for exclusive events.

Let's face it, this is not a watch that the average woman will put on her hand, this is for super rich people who have personal guards and live in a different world from the one inhabited by ordinary mortals. It's something the rich brag about, and apart from the QR code, I'd be more interested in how secure a private key is on that USB stick.


You missed it -> Swiss Watchmaker Franck Muller Launches ‘Functional’ Bitcoin Timepiece

What better way to securely store your hard earn million dollars worth of bitcoin than to literally have it on your wrist for everyone to see? lol. What could actually go wrong? This is really interesting but at the same time really really dumb. A perfect way to get $5 wrench attacked.

EDIT: So apparently it's just an address and not a private key.

Still dumb though. lol

If practical wise, This won't be efficient at all, knowing that there is not much merchant who is accepting bitcoin as their payment.

Having this means you are flexing something expensive. Supercarblondie reviews such expensive things, No wonder if this watch costs thousands of dollars or buy judging the structure of watch it is packed with diamonds which can be possible valued in millions.

I did watch this video last year but I am not sure whether it was on Youtube or on Facebook. It is a kind of a promotion video by the watchmaker because till that time no one had bought it. I do not whether it has been sold by now. But, it is interesting to see such craftsmanship.

was posted on December 1, 2019, I had to google it to see if it was really true that it was posted on December 1, 2019 and to my surprise there is another article from May 22, 2019 that talks about this news

Franck Muller, Famous Swiss Watchmaker, Launches the World's First Functional Bitcoin Watch, in Partnership with Regal Assets

What I find strange was that I didn't hear about this last year and Is strange that news channels like cointelegraph, coindesk didn't report on this news

Because the market today was on it`s blood bath, I spent my time in browsing social media app (Facebook). Upon scrolling down, I have seen this post of a vlogger superblondie. I am following her because she shows her luxurious cars and this post amazed me.

Imagine, she has already the first functional bitcoin watch in the whole world. The watch has it`s BTC symbol at the front and back. It has also the qr code wherein the funds of the owner were stored. She scanned it and when she open it, 2422 BTC was stored or approximately 17 million dollars. It has also its back up or private keys.



It is really incredible to see that cryptocurrency is integrating in our life. This video proves the literal meaning of "Time is Gold" or either "Time has bitcoin". Imagine, if all of our watch have qr code?

Positive side:

1. We can buy without the use of mobile phone and cash in the future.
2. We can`t forgot to wear our watch because we always be reminded that our assets is stock on it.
3. It is not hassle because our watch has double purpose, it can be wear and it can be used to buy or pay.

Negative side:

1. Vulnerable to snatchers or criminals, specially if your watch is branded.
2. If you lose your watch and private keys, goodbye bitcoin as well.
3. You can`t but to a merchant who does not accept crypto`s.

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There are always a positive and negative but the good thing here is that she promotes bitcoin to the people by simply showing her luxurious watch.

Bitcoin is the future!

reference: https://www.facebook.com/supercarblondie/videos/2420233741572168/