The beginning of the killer app era for bitcoin

[lebing]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.


https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

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[randy8777]

if true that would be massive for sure. that will make bitcoin adoption easier for the average joe. but i only believe it once it actually happens. action speaks louder than words.

[gizmoh]

Brillant

BitSim: Bitcoin Between SIM and Phone

https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be

[ensurance982]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.


https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

Wouldn't be surprised if 21 turned out to be the crazy honey badger paving the way for Bitcoin's really big time success! They wouldn't have raised that much without an actual plan in place.

[zby]

I would not bet on that.

[ensurance982]

I would not bet on that.

Well sure, nothing is certain - this is the speculation forum, but could you maybe at least elaborate why you consider these predictions and ideas to be improbable?

[tokeweed]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.


https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

Let's all hope they wouldn't be dumping BTC in the market.

[ensurance982]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.


https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

Let's all hope they wouldn't be dumping BTC in the market.

Why would they do that. An increase in usage and utility also means an increase in demand for the tokens used (Bitcoins). I don't really see a scenario in which this is bad news for Bitcoin's price...

[tokeweed]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.


https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

Let's all hope they wouldn't be dumping BTC in the market.

Why would they do that. An increase in usage and utility also means an increase in demand for the tokens used (Bitcoins). I don't really see a scenario in which this is bad news for Bitcoin's price...

But I'm talking about what's going on right now.  We see projects like Factom and Ethereum selling for fiat to keep and maintain their operations going.  That's why I said..  "Let's all hope they wouldn't be dumping BTC in the market."

[ensurance982]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.


https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

Let's all hope they wouldn't be dumping BTC in the market.

Why would they do that. An increase in usage and utility also means an increase in demand for the tokens used (Bitcoins). I don't really see a scenario in which this is bad news for Bitcoin's price...

But I'm talking about what's going on right now.  We see projects like Factom and Ethereum selling for fiat to keep and maintain their operations going.  That's why I said..  "Let's all hope they wouldn't be dumping BTC in the market."

There's a huge difference between VC capitalists from Wall Street, Silicon Valley (or wherever) investing huge FIAT sums into companies involved in the Bitcoin technology and companies who are being crowdfunded by BTC (Ethereum comes to mind). The companies in Silicon Valley don't need to dump BTC, they're funded using USD!

[tokeweed]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.


https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

Let's all hope they wouldn't be dumping BTC in the market.

Why would they do that. An increase in usage and utility also means an increase in demand for the tokens used (Bitcoins). I don't really see a scenario in which this is bad news for Bitcoin's price...

But I'm talking about what's going on right now.  We see projects like Factom and Ethereum selling for fiat to keep and maintain their operations going.  That's why I said..  "Let's all hope they wouldn't be dumping BTC in the market."

There's a huge difference between VC capitalists from Wall Street, Silicon Valley (or wherever) investing huge FIAT sums into companies involved in the Bitcoin technology and companies who are being crowdfunded by BTC (Ethereum comes to mind). The companies in Silicon Valley don't need to dump BTC, they're funded using USD!

Well then.  Let's have that killer app.

[zby]

I would not bet on that.

Well sure, nothing is certain - this is the speculation forum, but could you maybe at least elaborate why you consider these predictions and ideas to be improbable?

Technically it looks very complicated because SIMs are not directly connected to the Internet and also they don't have storage capacities to store the whole blockchain. Also it does not look likely that a big company would bet its reputation on bitcoin at this stage.

All in all looks like some news made just to make the bitcoin enthusiasts salivate - crazy big numbers, mobile, etc. - something to ignite the imagination of the traders, just like those notorious 'if only Amazon started accepting bitcoin/if only a billionaire invested his pocket money into bitcoin' threads.

Just a speculation

[ensurance982]

I would not bet on that.

Well sure, nothing is certain - this is the speculation forum, but could you maybe at least elaborate why you consider these predictions and ideas to be improbable?

Technically it looks very complicated because SIMs are not directly connected to the Internet and also they don't have storage capacities to store the whole blockchain. Also it does not look likely that a big company would bet its reputation on bitcoin at this stage.

All in all looks like some news made just to make the bitcoin enthusiasts salivate - crazy big numbers, mobile, etc. - something to ignite the imagination of the traders, just like those notorious 'if only Amazon started accepting bitcoin/if only a billionaire invested his pocket money into bitcoin' threads.

Just a speculation

You don't need to store the whole blockchain on a mobile device. You just need a lightweight client and some sort of storing private keys securely. A hardware wallet or secure hardware element in a mobile phone (SIM) seems like the perfect way of doing this.

[zby]

I would not bet on that.

Well sure, nothing is certain - this is the speculation forum, but could you maybe at least elaborate why you consider these predictions and ideas to be improbable?

Technically it looks very complicated because SIMs are not directly connected to the Internet and also they don't have storage capacities to store the whole blockchain. Also it does not look likely that a big company would bet its reputation on bitcoin at this stage.

All in all looks like some news made just to make the bitcoin enthusiasts salivate - crazy big numbers, mobile, etc. - something to ignite the imagination of the traders, just like those notorious 'if only Amazon started accepting bitcoin/if only a billionaire invested his pocket money into bitcoin' threads.

Just a speculation

You don't need to store the whole blockchain on a mobile device. You just need a lightweight client and some sort of storing private keys securely. A hardware wallet or secure hardware element in a mobile phone (SIM) seems like the perfect way of doing this.

OK - let's see - I've actually just bought a bit - this might be good enough to push another mini-rally.

[yayayo]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.

I agree, BitSim could be a real killer app. I've not been this excited about anything Bitcoin-related since months.

I'm also looking forward to the Bitcoincard.

There are a lot of positive developments going on below the radar. In my opinion, very simple hardware solutions have the greatest potential, because people don't have to learn about technology to use them.

ya.ya.yo!

[futureofbitcoin]

The thing that most people on this forum are not getting, is that just because something is on their phone, doesn't mean people will use it. Especially if it's money that they don't understand. And it's not like it's difficult to create a wallet now; the hard/annoying part is obtaining the bitcoin itself. Having wallets on phones won't change that.

I think people will be very disappointed with the results of putting wallets on every phone, unless there are many other steps taken to ensure that people know and trust bitcoin, and it is easier to obtain.

[Torque]

No effin' way in hell I'm trusting my btc to a proprietary hardware phone wallet that'll be backdoored by the NSA/gov't, and can track every single transaction made.

[BillyBobZorton]

One company already has a working prototype of a permission less dumbphone bitcoin app. It is now rumored that 21 is also working on a project with Qualcomm to install a bitcoin wallet into every phone on the planet through 21. When these hit market, the world will never be the same.


https://www.youtube.com/watch?v=MNTObCr4gnM&feature=youtu.be
http://www.bitsim.co/
http://www.reddit.com/r/Bitcoin/comments/336f1w/its_not_about_21_inc_its_all_about_qualcomm/

Let's all hope they wouldn't be dumping BTC in the market.

Once BTC reaches its unavoidable fate (worldwide adoption) the dumping of BTC will have an irrelevant impact on the price, literally like a drop on the ocean.
Once you send BTC to your friends and they pay with it using a smartphone, they are hooked, i've seen it happen every time, even their non-tech simple minds can understand the potential.

[JimboToronto]

No effin' way in hell I'm trusting my btc to a proprietary hardware phone wallet that'll be backdoored by the NSA/gov't, and can track every single transaction made.

No worse than trusting your coins to an Android or iOS wallet (or any wallet connected to the internet).

This is why the good lord invented paper wallets. Only a fool keeps more than a coin or two in a live wallet.

[the_sunship]

Anything that doesn't inspire cashing out to USD is a killer app. Otherwise, spending BTC is as good as selling BTC.