Taking Bitcoin to the next level

[CasinoBit]

Bitcoin is all good and dandy the only issue is that you cannot use it as means of transfer on a personal, physical, day-to-day level efficiently, phones batteries do not last that long these days and phones are relatively expensive, e.g. you should "own" 400$ worth of assets to be able to spend 100$.

What seems to be most beneficial to the community at this stage is if a company would crowd fund a device with a modern, stylish and cheap design which is capable of transferring coins from Bob to Alice nearly instantly with a low chance of a double spent transaction.

The design would include dual processors, one almost always in sleep mode unless hashing is needed and the other one is there solely for the purpose to wake the first one up should the event fire, the battery would last say 30 days without recharging. All of this is possible with modern technology except for the limitations imposed by Bitcoin/the state inherently, such as police not willing to arrest the owners of fraudulent "miner" points which are likely to be needed to synchronize all the devices that are near.

I am curious as to what would be the best scheme for all of this to work together effectively?

[spooderman]

+1

[villanfonsDC]

Bitcoin will be accepted worldwide in the coming years.

[franky1]

most people already have smartphones.. i have one that cost under $50 that has the blockchain.info wallet on it.. i cant see a problem....

but a person having to have a second device that's only function is transferring money. and IF NOT using a mesh network (with its own problems) it would require its own call plan to have internet access.

i think App development is the way forward, not device development for wallets

[jasperIL2267]

Bitcoin is all good and dandy the only issue is that you cannot use it as means of transfer on a personal, physical, day-to-day level efficiently, phones batteries do not last that long these days and phones are relatively expensive, e.g. you should "own" 400$ worth of assets to be able to spend 100$.

What seems to be most beneficial to the community at this stage is if a company would crowd fund a device with a modern, stylish and cheap design which is capable of transferring coins from Bob to Alice nearly instantly with a low chance of a double spent transaction.

The design would include dual processors, one almost always in sleep mode unless hashing is needed and the other one is there solely for the purpose to wake the first one up should the event fire, the battery would last say 30 days without recharging. All of this is possible with modern technology except for the limitations imposed by Bitcoin/the state inherently, such as police not willing to arrest the owners of fraudulent "miner" points which are likely to be needed to synchronize all the devices that are near.

I am curious as to what would be the best scheme for all of this to work together effectively?

Woot I love this idea.

[mitty]

most people already have smartphones.. i have one that cost under $50 that has the blockchain.info wallet on it.. i cant see a problem....

but a person having to have a second device that's only function is transferring money. and IF NOT using a mesh network (with its own problems) it would require its own call plan to have internet access.

i think App development is the way forward, not device development for wallets

+1
Smartphones are quickly becoming prevalent (at least here in the US) and already seem to be taking the place of other physical documents such as airline and event tickets and even payments (using NFC).  I think we'll see smartphones replacing even more currently used technology once NFC becomes more widespread, and I think this will be great for Bitcoin since people will only need to install an app to use it.  Phones are currently replacing other physical devices (cameras, PDAs (lol), GPS's)) and the addition of another physical device seems like a step backward. 

I think the future of person-to-person bitcoin payments will be in the form of a NFC-enabled smartphone app.  Scanning QR codes is too annoying to be used for everyday purchases but using NFC can be made even easier than using a credit card.

[Stephen Gornick]

a device with a modern, stylish and cheap design which is capable of transferring coins from Bob to Alice nearly instantly with a low chance of a double spent transaction.

Perhaps ....

 - http://www.coindesk.com/firmcoin-the-reprogrammable-physical-bitcoin-token-explained/

[CasinoBit]

most people already have smartphones.. i have one that cost under $50 that has the blockchain.info wallet on it.. i cant see a problem....

but a person having to have a second device that's only function is transferring money. and IF NOT using a mesh network (with its own problems) it would require its own call plan to have internet access.

i think App development is the way forward, not device development for wallets

+1
Smartphones are quickly becoming prevalent (at least here in the US) and already seem to be taking the place of other physical documents such as airline and event tickets and even payments (using NFC).  I think we'll see smartphones replacing even more currently used technology once NFC becomes more widespread, and I think this will be great for Bitcoin since people will only need to install an app to use it.  Phones are currently replacing other physical devices (cameras, PDAs (lol), GPS's)) and the addition of another physical device seems like a step backward.  

I think the future of person-to-person bitcoin payments will be in the form of a NFC-enabled smartphone app.  Scanning QR codes is too annoying to be used for everyday purchases but using NFC can be made even easier than using a credit card.

I do not deny that, smartphones are great, they just function very poorly as wallets, plus they have flaws such as vulnerability to viruses, human error, no easy of use etc etc.

a device with a modern, stylish and cheap design which is capable of transferring coins from Bob to Alice nearly instantly with a low chance of a double spent transaction.

Perhaps ....

 - http://www.coindesk.com/firmcoin-the-reprogrammable-physical-bitcoin-token-explained/

Utter crap, I was thinking a scientific calculator-like device the size of a bracelet (perhaps even looking like one of those charity rubber bracelets) with a SMALL keypad, 2 led lights and a small screen, completely minimalistic, there would probably be virtually no alternatives other than using 3G but there are probably ways to do it in a decentrallized manner without downloading the whole blockchain, plus it needs to be fast enough to pay for day to day items.

[CasinoBit]

bump