If bitcoin gets mass adopted, must we use our mobiles to buy?

[Don Pedro Dinero]

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

[mdayonliner]

Transferring just small amounts to your mobile?

This is what works for me. I have blockchain app installed in my phone. My cold wallet is Ledger neno S. Depending on my expenses, I transfer my BTC from my cold wallet to my blockchain app.

It's like how we do for the fiat money. The concept is, I have money in my bank. When I need money - I take off some money and carry it with me in my wallet.

[kaar]

Transferring just small amounts to your mobile?

This is what works for me. I have blockchain app installed in my phone. My cold wallet is Ledger neno S. Depending on my expenses, I transfer my BTC from my cold wallet to my blockchain app.

It's like how we do for the fiat money. The concept is, I have money in my bank. When I need money - I take off some money and carry it with me in my wallet.

Exactly. People forget how it was with fiat before the internet - even if you had a credit card, there was no way to verify you actually had money in your bank account, thus cash was much more popular than today. You simply took enough cash to buy what you needed, but no too much in case you get robbed or lose your wallet.

Today though, there is internet, so there will probably be companies that offer services similar to those offered today by CC companies. For example, using a third party to pay for your everyday purchases (they will transfer the BTC to the store) and paying them back at the end of the month.

[anullcoin]

are not hardware wallets safe enought to be connected directly to the merchant pc? lol

[kaar]

are not hardware wallets safe enought to be connected directly to the merchant pc? lol

Define 'safe enough'. If you have 10 million dollars in your wallet, you probably wouldn't want to carry it with you wherever you go, even if you consider all it's security measures.

[mdayonliner]

Exactly. People forget how it was with fiat before the internet...

With information overloaded all-over the internet and being an advanced user sometimes we forget the basic  I consider it completely normal for us.

If you have 10 million dollars in your wallet...

I would not even feel comfortable to declare my BTC address in public LOL

[vladimirhf]

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

I think the best solutions will be hardware wallets for mobile like this xeeda.io or terminals like this kinekt.technology

but anyway you can't pay a coffee with btc, I'd spend some doge or stellar instead, due to fees 

[ranman09]

For me, this is the best solution. You will need to still secure your address. So just like what we do every day, you get a certain amount of money from your bank account for your everyday usage.

But people will need to be aware that they will need to change their wallet often atleast may be at every transfer from your large account. Bitcoin is a public ledger. You don't want any people tracking your wallets and its funds right?

Transferring just small amounts to your mobile?

This is what works for me. I have blockchain app installed in my phone. My cold wallet is Ledger neno S. Depending on my expenses, I transfer my BTC from my cold wallet to my blockchain app.

It's like how we do for the fiat money. The concept is, I have money in my bank. When I need money - I take off some money and carry it with me in my wallet.

[anullcoin]

but anyway you can't pay a coffee with btc, I'd spend some doge or stellar instead, due to fees 

LN is your friend try the eclair wallet, it is very nice
doge have no developers, last update was 3 or 4 years ago.. you should not use doge.

If you have 10 million dollars in your wallet...

I would not even feel comfortable to declare my BTC address in public LOL

LN is your friend too
however, if you care about privacy, you should not keep 10million dollars in a single address.

[nc50lc]

-snip-

The idea of spending Bitcoins for a coffee everywhere is too far fetched in this Country-divided world.
Even LN isn't designed to conveniently use in those scenarios.
In order to come up to that point, Bitcoin should be legally accepted by almost all Governments using any centralized payment processors that they "trust", and it's not in favor of the majority.

However, based on the current events, Bitcoin is going strong as a Decentralized currency that can be used to trade not-so-small goods unlike pancakes and coffees.Also, this doesn't look like a Technical Discussion.

[bitbunnny]

Mobile phones are geting prevaled computers and laptops because they are more convenient and you can carry them with you everywhere and on the other hand they are like small computers so you can have actualy your whole life on it.
So, yes, I think that payments with mobile phones are the future even when we talk about Bitcoin and other cryptocurrencies.
There are realy good mobile wallets like Mycelium with good safety features. With high usage and mibikutyobility demands they will get more developed and more safe so I don't see that as a problem.

[LeGaulois]

There are 2 hardware wallets for mobile only. You can also think about payment cards with Bitcoin. I am talking about a pure card that can be used with Bitcoin only. Not like the cards, we have where you send bitcoins to their wallet and then it gets converted to fiat.  (like advcash,etc)
@bitbunnny Isn't Mycelium outdated, I thought nobody used it anymore.

[dafunkizdiz]

Wallet goes in your pocket. Bitcoin wallet must be mobile.

You will never feel safe with 10 million dollar in your pocket (even if it is). Too much responsibility. Hardware wallets are here to stay. For a long f**king time.

[CashMercenary]

There are some mobile wallet app where you can store your bitcoin and transfer it instantly. You can also use an online wallet right? If BTC will be adopted massively and will be used to pay something in real world, there are still some apps or a platform that will offer that service. It is not something to be problematic since all we need is an internet to transfer those BTC.

[Cryptoville247]

The mobile phone might not be that safe like the offline or paper wallets, but it will still likely be the means of payment due to easy accessibility.

[gentlemand]

My phone is now two OS's behind and hasn't had a proper update in several years, yet you can still buy new examples.

That doesn't make me feel too sexy about it becoming my number one expenditure device.

Plugging a hardware wallet in every time I want to spend is painfully unwieldy. Ideally phones will come out with some type of integrated secure element in them. Dunno how or whether it can work but they're not secure enough as is if you're going to run your whole life out of one.

[earnestoshodi]

You keep some quantity for frequent transaction in your mobile wallet,while the others in hardwallet

[MikeZillo]

I guess mobile physical wallet will be created and they will contain the most part of cryptos that will be mainly adopted.
I see it like contemporary debit cards that are able to pay also in fiat different from the loaded one, taking some fees for the exchange.

I imagine it, with a sort of QR code, and a private code to increase security

[audaciousbeing]

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

Eventually, if bitcoin is going to get massive adoption, we have to use our mobile to transact because you don't expect people to have to go every where with their computer or with their hardware wallets just because they want to pay for burger or coffee. Yes the phones are not secure but in the spirit of that, a lot of us still have our mobile wallets on our phones even bank apps are all on our phones to make transaction faster. The security concern for me would be in two folds

1. The software vulnerability which the mobile software developers are trying to curb with trust worthy developers, Google overseeing, regular anti-virus updates etc, I think that area would be covered to a large extent.

2. The other security is the physical one where in the case of burglary, armed robbery and being forced to transfer from mobile wallets at gun point or in the face of aggravated assault. This is a great concern that might inhibit that but with adequate security with government living up to its responsibility and personal security consciousness, I think that area is also pretty covered.

[suzanne5223]

Reading this thread a question comes up to my mind.

If in the future, you can pay with bitcoin almost everywhere, how are you going to pay? The safest way to store your coins is to use a hardware or paper wallet (properly created). But in order to pay for a coffee at the coffee shop you can’t use it, unless you carry your laptop or tablet everywhere.

Using your mobile isn’t safe. At least as safe as using hardware or paper wallets. So, how do you think it will be done? Transferring just small amounts to your mobile? Maybe hardware wallets will have a mobile version?

Hardware and paper wallet are the safest way to store coins but they are not ever safe as well. However, if bitcoin get mass adopted it won't be easy and safe to payment for a cup of coffee at the coffee shop using the mobile but with the help of crypto currency credit card and authy or Google authentication can be use for safe transaction.