And what about other use cases apart from increasing security? HCP said that he/she doesn't see any worth on a wallet with geofencing, but many didn't see any worth on Bitcoin a decade ago, maybe just because they weren't inspired in that moment.
Maybe for gamification purpose, in the case of some Pokemon GO sort of app in which you get rewards and/or unlock your wallet in certain moments and places... I don't know, but I see good potential in the OP's question.
Topic: Would anyone want a wallet with geofencing? - page 2. (Read 337 times)
You could probably achieve a rudimentary version of this using something like IFTTT or Tasker. Set it up so if you are outside your geofence, or not connected to your home WiFi, or not connected to your Bluetooth device at home, or whatever, and you try to open "wallet app", then it immediately kills "wallet app". Then you simply use "wallet app" for the coins you don't want to be able to spend outside of your home, and use "different wallet app" which is not geofenced for the coins you do want to be able to spend.
You can password protect Tasker so a thief cannot just immediately turn off the command. You could also require both geofencing and another condition (such as connected to home WiFi) to disable the command to get round how easy it is to spoof a location on a phone.
It certainly won't be foolproof by any stretch of the imagination, but it might deter someone long enough for you to recover from seed phrase and send your coins elsewhere.
You can password protect Tasker so a thief cannot just immediately turn off the command. You could also require both geofencing and another condition (such as connected to home WiFi) to disable the command to get round how easy it is to spoof a location on a phone.
It certainly won't be foolproof by any stretch of the imagination, but it might deter someone long enough for you to recover from seed phrase and send your coins elsewhere.
OP, I believe that feature should be implemented for all credit cards/electronic bank cards owned by shopaholics if they’re inside the shopping mall. Hahaha.
But good feature to have for security, and spending limits.
But good feature to have for security, and spending limits.
...
I would only add that imho the market needs badly a wallet for newbies, packed with a lot of (optional) features like this (whether we find them useless or useful), with a lot of explanations and fences so the user cannot "hurt himself" while he is learning his way into using bitcoin. If such a SPV wallet is not implemented soon enough the "ultimate" newbie friendly wallet will most probably be a custodial one.
I would only add that imho the market needs badly a wallet for newbies, packed with a lot of (optional) features like this (whether we find them useless or useful), with a lot of explanations and fences so the user cannot "hurt himself" while he is learning his way into using bitcoin. If such a SPV wallet is not implemented soon enough the "ultimate" newbie friendly wallet will most probably be a custodial one.
There are already custodial somewhat nanny wallets (Conbase) I was just thinking about how some BMS systems as I said are now geofenced for some features and the networking stuff I was working on needed to be in BT range. For both things it is just about impossible to be working on the wrong unit.
For the switches they can't even be programmed without being physically plugged into them. My thought was if I have a cable plugged into it do I really need more security?
Their thought is, if you are programming it and walk away to go to the bathroom or something and forget to lock / log out of whatever you are using to program it, it's still secure since you are now out of range. Just that last line of defense. 4
Same here, all your major funds are locked in a HW wallet, but you still have some on a hot wallet on your phone. It's would just be the last little bit of security on your phone.
The drunk boat thing was just a bit of humor.
It was just a thought, didn't know if anyone else would agree or not. Seems not so much.
-Dave
Honestly, I don't really see any worth in a feature like this... but that's just me and my particular use case. I'm sure someone would appreciate a virtual "Bitcoin Nanny" that stops them from spending all their coins on shoes or boats 
Exactly. @DaveF: everyone here is somewhat right. The problem is not if we need such a feature, we don't. The problem is that here - especially in Dev & Tech - you have the wrong audience for such a question.
I would only add that imho the market needs badly a wallet for newbies, packed with a lot of (optional) features like this (whether we find them useless or useful), with a lot of explanations and fences so the user cannot "hurt himself" while he is learning his way into using bitcoin. If such a SPV wallet is not implemented soon enough the "ultimate" newbie friendly wallet will most probably be a custodial one.
Honestly, I don't really see any worth in a feature like this... but that's just me and my particular use case. I'm sure someone would appreciate a virtual "Bitcoin Nanny" that stops them from spending all their coins on shoes or boats
~
Still, I think it's such a narrow use case and basically only protects me from my own idiocy. Not keeping much money on the phone protects against most problems, or if I must (haven't really needed in 7+ years of using bitcoins but whatever) have a larger amount maybe use a separate wallet for it, with a strong password that I won't remember when I'm drunk.
What would it protect against? Sounds kinda complicated too, and prone to Google/Apple fucking something up and holding your money hostage. Edit: if the attacker has access to your phone they can install a location spoofer so I think geofencing at the wallet level would be useless.
I think it's easier to just treat it like cash and don't keep more money on your phone than you would benjamins in your pocket.
I think it's easier to just treat it like cash and don't keep more money on your phone than you would benjamins in your pocket.
It's not to stop the determined criminals, just if you are out and about and for whatever someone gets access to your phone. Not a professional thief going after your funds more of you unlocked your phone, you opened and unlocked you wallet and then "X" happened. It's just one last line of defense.
I was configuring some equipment today and although it did not USE Bluetooth to do anything. I had to be in BT range to do certain things to make sure I was working on the proper unit. I thought of the post I made a few weeks ago and figured it might be worth a discussion.
It might also stop this:
-Dave
What would it protect against? Sounds kinda complicated too, and prone to Google/Apple fucking something up and holding your money hostage. Edit: if the attacker has access to your phone they can install a location spoofer so I think geofencing at the wallet level would be useless.
I think it's easier to just treat it like cash and don't keep more money on your phone than you would benjamins in your pocket.
I think it's easier to just treat it like cash and don't keep more money on your phone than you would benjamins in your pocket.
So starting with a quote from myself:
It really made me wonder if there is a need for something like that. Or a sub feature of a wallet.
If you are are not at home, or in a certain area the most you can spend out of your phone wallet is X if you are in the home area there is no limit.
It kind of makes some sense to me. At least with my spending habits. I don't know about anyone else. No real loss of privacy since it could all be controlled from the app itself. Just tag an area and a max range and you're done. Just one more layer of security.
Not something I could even being to code, just more of a discussion thing.
-Dave
.....
Also, on that note. I am surprised that more apps don't have geo fencing on them. Yes you can unlock you wallet with a fingerprint. But you have to be at home to do it kind o thing. There is at least 1 BMS app that I know of that you can only connect to the controller if you are in the area. Surprised more apps / things don't do that. Or if they do exist I have not seen them.
-Dave
Also, on that note. I am surprised that more apps don't have geo fencing on them. Yes you can unlock you wallet with a fingerprint. But you have to be at home to do it kind o thing. There is at least 1 BMS app that I know of that you can only connect to the controller if you are in the area. Surprised more apps / things don't do that. Or if they do exist I have not seen them.
-Dave
It really made me wonder if there is a need for something like that. Or a sub feature of a wallet.
If you are are not at home, or in a certain area the most you can spend out of your phone wallet is X if you are in the home area there is no limit.
It kind of makes some sense to me. At least with my spending habits. I don't know about anyone else. No real loss of privacy since it could all be controlled from the app itself. Just tag an area and a max range and you're done. Just one more layer of security.
Not something I could even being to code, just more of a discussion thing.
-Dave
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