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Author Topic: BFL: Hardware Wallet?!  (Read 1887 times)
myASIC (OP)
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January 24, 2014, 05:42:12 PM
 #1

Just stumbled upon BFL's latest edition to their website:

http://www.butterflylabs.com/bitcoin-hardware-wallet/

A Hardware wallet - It looks like a miniature tablet!  Cheesy

Who will be ordering and guesses on prices?
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January 24, 2014, 05:43:53 PM
 #2

It's a very sexy product but I won't give BFL a dime. My guess on price is somewhere near $1k.

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myASIC (OP)
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January 24, 2014, 05:48:53 PM
 #3

Agree'd.

They look pretty sweet, but I wouldn't be surprised if these are pre-order and with a silly price tag.
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January 24, 2014, 05:55:55 PM
 #4

It's a very sexy product but I won't give BFL a dime. My guess on price is somewhere near $1k.
Let's wait and see... But it is lovely!

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h3rlihy
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January 24, 2014, 05:56:15 PM
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I saw these and wanted one immediately. But depends on the price tag. I swear I remember seeing in a video that these are going to something like £400 but they want to try to develop and release a cheap version under £50
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January 24, 2014, 05:58:31 PM
 #6

It's a very sexy product but I won't give BFL a dime. My guess on price is somewhere near $1k.
Let's wait and see... But it is lovely!

Signed up those do look pretty smexy and give me a tech boner but no way in hell will i pay more then $200 for it. For some fancy cold storage, would be awesome for novelty however.

greenlion
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January 24, 2014, 06:06:34 PM
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This is a genius product for BFL to actually do business with, because all it needs to be is a cheap tiny Android tablet with completely trivial software to develop for it and the most basic interface imaginable.

On the other side of the coin, if even this trivially-easy product to develop ends up being vaporware, I see it much harder lying about this being "state-of-the-art" like their 65 nm fab hobbyist project.
AmericanBit
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January 24, 2014, 06:11:40 PM
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Its cool, but I wont give BFL shit on principal. I wouldnt buy it if it was 1 dollar
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January 24, 2014, 06:37:16 PM
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i'd buy one, but keep a copy of my wallet on a USB stick, "just in case"
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January 24, 2014, 08:57:37 PM
 #10

Looks perfect. And even if the price is ridiculous it won't take long for a cheap chinese copy to come out. In which case, I'd buy two.
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January 24, 2014, 09:23:28 PM
 #11

Something like this might be a game changer, making the bitcoin accessible for anyone.  no apps or software installs.  People get tangible tings in their hands (even if it does stuff in software they dont get).  Right price, right interface, this could be significant.  Not sure BFL is first, I'm sure I've seen similar somewhere before.
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January 24, 2014, 11:37:26 PM
 #12

https://www.youtube.com/watch?v=bd-GbG2WmW0

Josh stated in this video that BFL's going to try to get them in the $150 USD range. A couple/three weeks ago I PM'ed Josh expressing earnest interest that I would love to review this on my dime, offering up honest assessment from a geekless user. He replied that he would keep me abreast (paraphrased)... also, and that BFL is about Two WeeksTM out from having said device available. (insert shitty grin here)

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January 25, 2014, 02:21:42 AM
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I'll wait and buy a hardware wallet from a company I have some respect for. There will be plenty of hardware wallets to choose from in 2014
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January 25, 2014, 02:37:17 AM
 #14

This is a genius product for BFL to actually do business with, because all it needs to be is a cheap tiny Android tablet with completely trivial software to develop for it and the most basic interface imaginable.

On the other side of the coin, if even this trivially-easy product to develop ends up being vaporware, I see it much harder lying about this being "state-of-the-art" like their 65 nm fab hobbyist project.

But wouldn't it need some sort of network access? So, is this only going to be useful where there is free wifi? or are you going to be paying an added 'cell phone' bill to use this device?

I'm not clear why anyone would want an added device to carry around when most people have their phones with them 24/7. I have enough trouble not loosing the one cell phone and I can make it ring so I can find it. If I got this device, it'd be lost somewhere withing the month. (My luck, I'd end up washing it in the laundry)
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January 25, 2014, 03:22:23 AM
 #15

For that BTC balance, as shown on the pic, I would definetly go with paper/brainwallet!

{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
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January 25, 2014, 05:21:04 AM
 #16

I would definetly go with brainwallet!

Sounds great if you want to have everything stolen!

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January 25, 2014, 05:43:32 AM
 #17


Reminds me of when BFL used some photoshopped i-somthing to represent some device or another (available for pre-purchase of course.)  Or tried to pass a picture of some universities's research cluster as their own datacenter.

I might remind everyone that 'ButterFly Labs' was a some biomedical outfit from Colorado or some such which went belly-up before the first BTC was mined.  Josh wasn't in the scammer's nest at the start, but whoever was bought the company name to pass themselves off as having at least some history.

BFL was and is built completely on bogus puffed up perception gimmicks and targets people of limited mental capacity who are naturally drawn to shiny things.  They've never delivered on anything in a way that would meet the minimum requirements to constitute proficiency.


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BTCisthefuture
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January 25, 2014, 06:00:04 AM
 #18

I'll wait and buy a hardware wallet from a company I have some respect for. There will be plenty of hardware wallets to choose from in 2014

While I personally have nothing against BFL  myself I agree with you 100%.  2014 really should be a year where we start seeing multiple hardware wallets hit the market.  So I for one will be waiting for that to happen, waiting to see how early customers respond to using it, and only then make a decision on buying one if it's as good as I expect them to be. 

I'm always hesitant to buy the first generation of new things and it comes to hardware/tech related stuff  Smiley

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January 25, 2014, 06:09:28 AM
 #19

I won't give BFL any of my money unless Josh personally gives me a rim job first. Oh, that should also include a reach around and a slurpy tea bag.

greenlion
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January 25, 2014, 06:12:05 AM
 #20

I think in practice hardware wallets can't exactly work in such a way that you just buy a turnkey product right off the shelf in this manner. There is no way of knowing that the random number seeding isn't compromised in some way that allows the manufacturer to issue pre-determined private keys. As such you really can't trust a product like that any more than you might a web wallet that stores keys server-side.

The only way a product like this actually makes sense in my opinion as any kind of secure wallet is if the manufacturer produces the unit as a hardware platform with a completely open and documented API, and open-sources the software in such a way that you can confirm the checksum against an independently-compiled build, or where the process of initializing the device involves compiling yourself and loading the binaries directly onto the device.
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