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World's First Physical Bitcoin wallet
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Topic: World's First Physical Bitcoin wallet (Read 2404 times)
Kakmakr
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Re: World's First Physical Bitcoin wallet
March 30, 2016, 06:42:12 AM
#41
I do not see the logic in this. If you connected the device and moved coins to it and then have to give this device to someone else to receive that value, the private key will be compromised and the device be rendered void. Instead of paying a few cents for one transaction, you would be paying $8 for the device and only be able to use it securly for one transaction. How can this be a solution to provide a expensive device that can only be used once? ^clueless^
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Ardenyham
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Re: World's First Physical Bitcoin wallet
March 30, 2016, 05:06:24 PM
#42
That's not the really first physical bitcoin wallet, Trezor and the like are also hardware like wallets that are intended to be used for multiple transactions and should be as secure as an offline machine, still find this idea interesting though
nvK
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Re: World's First Physical Bitcoin wallet
April 28, 2016, 10:06:49 PM
#43
Here is a video
https://www.youtube.com/watch?v=LK5G5jAzoyk
It's the bitcoin incentive that makes the "blockchain" technology work, stupid.
Monnt
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Re: World's First Physical Bitcoin wallet
April 28, 2016, 10:16:37 PM
#44
So it's like a loaded Casassicus coin, disregarding it's collectors value.
You can pass them on, load them up, or spend them. Wouldn't a paper wallet be the first physical wallet? This souls be more of like, "the first physical bitcoin note"
Chris!
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Re: World's First Physical Bitcoin wallet
April 29, 2016, 01:04:13 AM
#45
I'm finding the uses for this to be fairly minimal. Maybe I'm just not fully understanding it. Why wouldn't I just give someone a paper wallet if I didn't want to do a transaction, but wanted to hand over funds (let's say to a car dealer). Either way they would want to sweep the funds and get confirmations before releasing the vehicle to me.
Hashminers
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Re: World's First Physical Bitcoin wallet
April 29, 2016, 01:14:04 AM
#46
This project is pretty nice but the title is wrong indeed, I think if this project will grow it has a good point of succeeding for sure.
I hope this project will keep alive because I believe in it for sure.
jt byte
Hero Member
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Activity: 994
Merit: 500
Re: World's First Physical Bitcoin wallet
April 29, 2016, 02:56:01 AM
#47
Quote from: Hashminers on April 29, 2016, 01:14:04 AM
This project is pretty nice but
the title is wrong indeed
, I think if this project will grow it has a good point of succeeding for sure.
I hope this project will keep alive because I believe in it for sure.
I agree it should be titled the first physical bitcoin note as the previous poster said it should be to not confuse with the other ones.
Superbitzz
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Activity: 196
Merit: 100
Re: World's First Physical Bitcoin wallet
June 17, 2016, 07:15:08 PM
#48
i have no idea about this. i dont know about the physical wallet of bitcoin, but how can a person keep the bitcoins in physical wallet. is it possible to keep digital currency in a physial wallet.
Kprawn
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Merit: 1074
Re: World's First Physical Bitcoin wallet
June 17, 2016, 07:35:10 PM
#49
First physical wallet... not... There were loads of other hardware wallets before this one.... I think this can rather be described as a disposable hardware wallet. I do not see why USB firware cannot be
infected by this? {BadUSB exploit} If this was used more than once this would have been a problem. Give me a paper wallet or a Trezor any day of the week, over this wallet. I am all for making things
easier, but this is a waste in the most terrible way possible. {use once and throw away?}
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