Samsung S10 Embedded with Cryptocurrency wallet

[Muzika]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

[crzy]

It can create positive impact since if a big company trust this market, for sure the consumer will also trust it.This is a big move for samsung hopefully it can create the pump in the market so we can now have a better trend again, hopefully Apple will do the same

[fillippone]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

Negative because of
1. Security 1. Validation risk: who programmed the wallet? Where is the source code?
2. Security 2. surface of attack. Embedding the wallet directly on the phone greatly improves the surface of attack of potentially malicious attacker.
3. Privacy. Embedding a wallet in a phone link my wallet to my IMEI, that is linked to my identity. That phone comes with an embedded KYC
4. Personal security. Hanging around with such a phone signals you are interested in crypto. So you are exposed to physical attack. Even if you don’t actually hold any crypto in the wallet you are exposed to such a risk. (here an always relevant XKCD strip: https://xkcd.com/538/)

Instead I cannot think of a single advantage of carrying such a phone, instead of a regular phone with an open source app installed (second best, apple with a well known wallet)

[stuffokator]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

I think, these are great news. Not because everyone needed this functionality. It's just a very good indication for the whole crypto industry. When such big fish as Samsung invests time and money into creating a new feature for its high-end product it means they did a thorough analysis of the market. So we can be sure that analysis showed high awareness of cryptocurrencies around the world.

This can cause a network effect. If other manufactures start integrating crypto-features into their products we may witness new limits of Bitcoin price very quickly.

[Jating]

Of course this is very welcoming news for crypto enthusiast. My only concern is the price, we all know that Samsung produces high end smart phones, so I'm assuming the price will be expensive even for casuals crypto investors. Second, if the phone is expensive, then why not get a hardware wallet which prices around the $100-$300 only? Also I consider it not safe, because your phone will be always online so the risk is there, just saying.

[indrakusumaindra]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

I think more people are started to aware of the cryptocurrency and a big company such as samsung also provide a services that could help people using cryptocurrency which i think there will be more people using cryptocurrency in future. I do think its a good thing and i do believe in future every people will have a wallet in their phone.

[stompix]

Second, if the phone is expensive, then why not get a hardware wallet which prices around the $100-$300 only?
Also I consider it not safe, because your phone will be always online so the risk is there, just saying.

People don't really take security seriously, they think that just by not typing xxxxx in their web browser makes it safe.
Most hold their coins on exchanges although those have a record of being hacked and security breached, a lot have their wallets on the same computer they use for downloading pirated content or cracks for games, a lot don't even have a password-protected wallet.
And this because most are too lazy to be bothered by having ten times to do before sending coins.
So the phone will catch on, as long as people afford it because it will be easy to use.


But that aside, what is troubling me most is...
ETH support only??? WTF?

[muratsink]

Samsung always gives good support to the crypto world. and I think that every technological innovation related to crypto is part of a long-term plan to become more perfect. now only crypto users can use S10 to store their assets. and primitive people only use classic wallets. but in the future it will be more perfect. because there are many crypto users.and In my opinion, negative impact will only be felt by primitive people.

[peter0425]

Samsung always gives good support to the crypto world. and I think that every technological innovation related to crypto is part of a long-term plan to become more perfect. now only crypto users can use S10 to store their assets. and primitive people only use classic wallets. but in the future it will be more perfect. because there are many crypto users.and In my opinion, negative impact will only be felt by primitive people.

Lol. Are you sure that the news is real? This is just rumour and unless Samsung really acknowledges that they are going to have a mobile wallet that will support crypto, this is just another fake news to me. And what do you think the price of this mobile phone will be $1K'ish? Damn, I would rather invest that on bitcoin and buy hardware wallet.  

[Pain to go mad]

Wow, if it is true, that would be great, the meaning of the representative is very important, and Apple will deliberately add it.

[daarul50]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

The adoption of blockchain technology by large companies like Samsung might at least increase people's trust in bitcoin. However, there are still many users of Samsung products who do not yet know the function of this blockchain technology, so maybe even though this technology already exists in smartphones released by Samsung, the features of this technology will not be so used by users.

[Harlot]

I think Samsung being a South Korean company made it possible for them to apply such crypto wallet in there mobile phone. We all know that South Korea is big for crypto and having a crypto wallet in there phone made it attractive for the South Korean market or for any people outside of the country who is interested in this kind of feature which was not available in the market for the first time. Of course the question is will we trust Samsung as a company who will  we allow one of their devices for us to store big amounts of money in? There is also a question of privacy of data, do they have access on out private keys?

[Oilacris]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

I don't really like this idea of Samsung putting an embedded cryptocurrency wallet at their phone. Those people who already knew how to easily make a wallet, they really know how their private-key would be in risk too because the developers probably know each private-keys in each phones.
How would they explain if someone got hacked in the future? And also your phone is at risk too if it is taken away from you then your cryptocurrency wallet would be in risk.

[Destroyeroff98]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

I think this is also a very good advertisement for cryptocurrency. More people will become interested in cryptocurrency.

[Cofee.BLUE]

It can create positive impact since if a big company trust this market, for sure the consumer will also trust it.This is a big move for samsung hopefully it can create the pump in the market so we can now have a better trend again, hopefully Apple will do the same

This only means that cryptocurrencies are being recognize by big named companies such as Samsung. The technology innovation is beyond our expectation and really advance than we thought. I guess if this is going to be in mainstream other technology company will really adapt this changes on smartphone and cryptocurrencies as well as the views of people towards the crypto.

[sclmte]

From a Samsung S10, many other cryptocurrency options, except for a Samsung S10, have more Tokoni uti, Cold wallet, Cryptocurrency wallet, HTC, Mobile phone, Samsung, and Smartphone wallet. but above all only cryptochrrency wallet embeded by it as if leaked by photos of their upcoming phone. but it's really a feature of the Samsung S10, which features a hole-punch display and a new offering from samsung is also often met by a world of technological excellence.

[bitfocus]

I always welcome anything new to crypto and anything new that is related to crypto, and about this one, I am a litle confuses, cellphones gets lost and stolen almost everyday around the globe - will this one be a good idea to store crypto on a cellphone?

[fillippone]

I always welcome anything new to crypto and anything new that is related to crypto, and about this one, I am a litle confuses, cellphones gets lost and stolen almost everyday around the globe - will this one be a good idea to store crypto on a cellphone?

Of course you need to protect access to your phone with a PIN or fingerprint, then access to your crypto with a different PIN.
Bet here you can access your funds via recovery passphrase before the thief can.
Shouldn’t be that difficult.

[rodel caling]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

Since from the start sumsung company adopt cryptocurrency theirs a great imfact to the crypto communty to give hope from the people lost their hope to the cryptocurrency.
I salute to the sumsung company for their support understand well the potential of crypto as become world class currency  using new technology. (This idea can work well easy to transfer found using cellphone)

[shesheboy]

I always welcome anything new to crypto and anything new that is related to crypto, and about this one, I am a litle confuses, cellphones gets lost and stolen almost everyday around the globe - will this one be a good idea to store crypto on a cellphone?

Phones nowadays are more smarter and they are now being built with concrete security patch  . theives can only dis-assemble the phone or chop chop it to sell but they cant bypass the code or even reformat it .

Anyways , i still found it interesting and this can greatly help the crypto to become more recognizable in public  . i just hope that they can also add a crypto support for lower  class phone and brands because people will go for cheaper ones .