bitcoinPsycho
Sr. Member
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Activity: 1190
Merit: 419
THE NEXT 24 YEARS ARE CRITICAL🍄💊
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February 23, 2019, 01:53:11 PM |
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^^Might get one on principle. Samsung supporting the cause for mainstream adoption gets my attention. Go bitcoin go  But, but.... 0.3BTC?!?! And it's not even an iPhone! Exactly I hate the IPhone/apple dumbed down products Mainstream adoption will boost the BTC price and we all profit |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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bitserve
Legendary
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Activity: 1330
Merit: 1205
Self made HODLER ✓
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February 23, 2019, 01:55:23 PM |
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^^Might get one on principle. Samsung supporting the cause for mainstream adoption gets my attention. Go bitcoin go But, but.... 0.3BTC?!?! And it's not even an iPhone! Exactly I hate the IPhone/apple dumbed down products Mainstream adoption will boost the BTC price and we all profit Yup, I fully agree even if we have different preferences/tastes. |
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ivomm
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February 23, 2019, 02:01:14 PM |
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Anybody here getting one? But what do you do about your private keys if you lose your phone? According to the T&Cs, the private keys stored in the S10’s Keystore are backed up in a personal account provided by Samsung. If the phone is lost or stolen, users can access the device and delete the private key through its Find My Mobile service. Further, if a private key is accidentally deleted, users can restore it via the service. Centralizing key storage in this way is bound to raise questions about security and it remains to be seen what would happen if someone gained access to your Find My Mobile service and if Samsung might provide further protections. ....... In other words, keys are stored in a cloud that potentially can be hacked. I wouldn't use it as a replacement of a HW of course. May be just for micro payments. Anyway, this is good news in terms of mass adoption. Next step is to be able to buy directly in Google Play or Apple Store with Bitcoins and ETH. |
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JayJuanGee
Legendary
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Activity: 2422
Merit: 3350
How much alt coin diversification is needed? 0%?
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February 23, 2019, 02:03:14 PM |
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The other day when JJG advocated for glassed on Rocket Racoon it must have planted a subliminal suggestion in my mind... or something. Anyway, whatever it was manifested itself tonight in the form of an upgrade.  Avatar-sized  If you like. It changes the nuance of the avatar a bit.. kind of tones down the flamboyant and causes a kind of more technically nerdy... ... O.k... sure... I will try it out for a while... and see if it feels comfortable. Thanks, xhomer. What a thoroughly graceless response. Just you wait till Thursday. edit i see you went banging on about it a bit further on. still, grace-less You go girl!!!!! |
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bitserve
Legendary
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Activity: 1330
Merit: 1205
Self made HODLER ✓
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February 23, 2019, 02:04:55 PM |
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^ If you can afford a $1K phone you sure can store on it $1K. If the cloud was hacked you would probably be compensated. It would be shitshow not only for Samsung but for us. That being said, the wallet probably has additional encryption layers so even if you get access to the backup you still can't access the plaintext of it. And even if they don't have that right now (remember they are innovating here) that's something that could be added later.
I would not store my whole stash there. Same as I wouldn't go to the bank withdraw all my fiat and carry it on my pocket wallet.
I don't see any problem in storing any amount between $50 to $1K, depending on your needs. Maybe even way more if you are fucking rich. Just an amount you could afford to lose without jumping off a bridge.
It's great news no matter what. An amazing milestone for mainstream adoption.
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bitcoinPsycho
Sr. Member
Offline
Activity: 1190
Merit: 419
THE NEXT 24 YEARS ARE CRITICAL🍄💊
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February 23, 2019, 02:06:32 PM |
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Anybody here getting one? But what do you do about your private keys if you lose your phone? According to the T&Cs, the private keys stored in the S10’s Keystore are backed up in a personal account provided by Samsung. If the phone is lost or stolen, users can access the device and delete the private key through its Find My Mobile service. Further, if a private key is accidentally deleted, users can restore it via the service. Centralizing key storage in this way is bound to raise questions about security and it remains to be seen what would happen if someone gained access to your Find My Mobile service and if Samsung might provide further protections. ....... In other words, keys are stored in a cloud that potentially can be hacked. I wouldn't use it as a replacement of a HW of course. May be just for micro payments. Anyway, this is good news in terms of mass adoption. Next step is to be able to buy directly in Google Play or Apple Store with Bitcoins and ETH. best store only small amount for day to day use of course |
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mindrust
Legendary
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Activity: 1960
Merit: 2088
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February 23, 2019, 02:16:28 PM |
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I don't see any problem in storing any amount between $50 to $1K, depending on your needs.
If you aren't going to store big amounts, it doesn't make sense to make a crypto enabled phone in the first place. If you aren't going to store more than a thousand dollars, an Iphone or a random Android phone with "green address" app just do the same thing already. Anyway, this is a good advertisement for both samsung and crypto and any attention we get is good. That's how I look at it. |
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lightfoot
Legendary
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Activity: 2380
Merit: 1634
I fix broken miners. And make holes in teeth :-)
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February 23, 2019, 02:26:40 PM |
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^^Might get one on principle. Samsung supporting the cause for mainstream adoption gets my attention. Go bitcoin go But, but.... 0.3BTC?!?! And it's not even an iPhone! No, really, I appreciate they being innovators at including that feature for mainstream adoption. Every *Android* user that can afford to get one, should. I don't know: I remember spending .3btc on a bunch of towels. As for Apple, why would I ever trust anything to a closed source system like that? |
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bitserve
Legendary
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Activity: 1330
Merit: 1205
Self made HODLER ✓
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February 23, 2019, 02:30:36 PM |
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^^Might get one on principle. Samsung supporting the cause for mainstream adoption gets my attention. Go bitcoin go But, but.... 0.3BTC?!?! And it's not even an iPhone! No, really, I appreciate they being innovators at including that feature for mainstream adoption. Every *Android* user that can afford to get one, should. I don't know: I remember spending .3btc on a bunch of towels. As for Apple, why would I ever trust anything to a closed source system like that? Yeah, ok, but .3 then is not the same as .3 now About the second question.... because the ball (and responsibility), would be in their field instead of mine for once. Anyway, my preference for iOS as a smartphone OS doesn't make me not appreciate the innovation Samsung is doing there. My kudos to them. |
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bitcoinPsycho
Sr. Member
Offline
Activity: 1190
Merit: 419
THE NEXT 24 YEARS ARE CRITICAL🍄💊
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February 23, 2019, 02:30:53 PM |
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^^Might get one on principle. Samsung supporting the cause for mainstream adoption gets my attention. Go bitcoin go But, but.... 0.3BTC?!?! And it's not even an iPhone! No, really, I appreciate they being innovators at including that feature for mainstream adoption. Every *Android* user that can afford to get one, should. I don't know: I remember spending .3btc on a bunch of towels. As for Apple, why would I ever trust anything to a closed source system like that? You should not because you cannot trust closed source period |
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bitserve
Legendary
Offline
Activity: 1330
Merit: 1205
Self made HODLER ✓
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February 23, 2019, 02:33:26 PM |
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^^Might get one on principle. Samsung supporting the cause for mainstream adoption gets my attention. Go bitcoin go But, but.... 0.3BTC?!?! And it's not even an iPhone! No, really, I appreciate they being innovators at including that feature for mainstream adoption. Every *Android* user that can afford to get one, should. I don't know: I remember spending .3btc on a bunch of towels. As for Apple, why would I ever trust anything to a closed source system like that? You should not because you cannot trust closed source period You should not even trust open source. |
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El duderino_
Legendary
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Activity: 1218
Merit: 4231
Let's moon together #DUDEphilosophy
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February 23, 2019, 02:35:59 PM |
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^^Might get one on principle. Samsung supporting the cause for mainstream adoption gets my attention. Go bitcoin go But, but.... 0.3BTC?!?! And it's not even an iPhone! No, really, I appreciate they being innovators at including that feature for mainstream adoption. Every *Android* user that can afford to get one, should. I don't know: I remember spending .3btc on a bunch of towels. As for Apple, why would I ever trust anything to a closed source system like that? Mmmm Gucci and Versace towels and stuff  |
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El duderino_
Legendary
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Activity: 1218
Merit: 4231
Let's moon together #DUDEphilosophy
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February 23, 2019, 02:39:28 PM |
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Sun is shining, BTC growing up @3930, 2-3 hours till my first drinks etc
What more to wish for
Its weekend go out and have Some Fun boys
Hope everyone is doing good in here
Pre-CHEERS already
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StartupAnalyst
Sr. Member
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Activity: 630
Merit: 283
The 🧢 WO gang power, help the price of BTC
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February 23, 2019, 02:43:58 PM Merited by JayJuanGee (1) |
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Hello WO`s! As the saying goes: a bear market is the best time to BUIDL.  |
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BitcoinGirl.Club
Legendary
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Activity: 1624
Merit: 1772
WO Gang
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February 23, 2019, 02:55:40 PM |
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 Just woke up half an hour ago. Suppose to be afternoon though. |
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bitserve
Legendary
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Activity: 1330
Merit: 1205
Self made HODLER ✓
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February 23, 2019, 03:00:15 PM |
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INB4 JP Morgan asks for it.... Fortunately it wouldn't be the "trust chain" if it would be passed to them. |
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LFC_Bitcoin
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Activity: 2240
Merit: 3807
One of the world's leading Bitcoin-powered casinos
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February 23, 2019, 03:03:16 PM |
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lightfoot
Legendary
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Activity: 2380
Merit: 1634
I fix broken miners. And make holes in teeth :-)
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February 23, 2019, 03:05:11 PM |
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Samsung's thing looks kind of neat. Probably won't hold up to an ion mill, but that's a level of attack most people can't launch. Hm....
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