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Author Topic: Samsung confirms the rumor!  (Read 1524 times)
richminded (OP)
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February 21, 2019, 12:03:39 AM
 #1

A lot of people are excited again to witness the new smartphone flagship of samsung. Few hours from now and they will reveal it.  Smiley

One of the best rumor is that, S10 Smartphone will be equip by a private cryptocurrency key storage, and it makes speculators think about that much.

https://www.coindesk.com/samsung-galaxy-s10-includes-private-crypto-key-storage - here’s some link to
More about this rumor.

I think its confirmed, and honestly it made me goosebump because it looks like most of the big companies are now  supporting cryptocurrency. This is the beginning, we will benefit a lot from this market.  Smiley
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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February 21, 2019, 12:14:34 AM
 #2

Sooner or later this had to happen. If it wouldn't have been Samsung then it would have been another company like Huawei, in my opinion. This is surely great, especially because we see Samsung being the first mobile company that supports cryptocurrency and not some Chinese company, even though that wouldn't be necessarily bad.
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February 21, 2019, 12:16:42 AM
 #3

This is great, after much speculations. Samsung been a household name, with their crypto incorporation. this will in no doubt lend credence to doubters. I wonder what some of my friends who are critical of crypto but lovers of Samsung will say or do now. Maybe this will just be a game changer. I am blessed to be alive at this moment of time, and to know the direction of money.
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February 21, 2019, 12:24:30 AM
 #4

A lot of people are excited again to witness the new smartphone flagship of samsung. Few hours from now and they will reveal it.  Smiley

One of the best rumor is that, S10 Smartphone will be equip by a private cryptocurrency key storage, and it makes speculators think about that much.

https://www.coindesk.com/samsung-galaxy-s10-includes-private-crypto-key-storage - here’s some link to
More about this rumor.

I think its confirmed, and honestly it made me goosebump because it looks like most of the big companies are now  supporting cryptocurrency. This is the beginning, we will benefit a lot from this market.  Smiley
Samsung is acting smartly before other competitors take leadership in crypto related apps or smartphones. IMHO they want to be ready for possible adoption if it gonna happen before 2020.
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February 21, 2019, 12:37:10 AM
 #5

This is becomes a great step  for cryptocurrency, when one of the largest electronics companies in the world is interested in adopting digital assets. Furthermore, we only need to wait how the new smartphone can have a positive impact.

The main key to success is in the value of assets that are getting more valuable. Recommended Crypto Trading platform Binance.com
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February 21, 2019, 12:45:15 AM
 #6

This is indeed a great news, I do love Samsung and now I can safely store my keys with them. Though I think there must be clear explanation on where they will put your private keys since it is very important for every investors to protect it. Nevertheless, this is still a good news and many big phone companies will follow this one, who know Apple might also introduce this kind of features this year.

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February 21, 2019, 12:52:27 AM
 #7

A lot of people are excited again to witness the new smartphone flagship of samsung. Few hours from now and they will reveal it.  Smiley

One of the best rumor is that, S10 Smartphone will be equip by a private cryptocurrency key storage, and it makes speculators think about that much.

https://www.coindesk.com/samsung-galaxy-s10-includes-private-crypto-key-storage - here’s some link to
More about this rumor.

I think its confirmed, and honestly it made me goosebump because it looks like most of the big companies are now  supporting cryptocurrency. This is the beginning, we will benefit a lot from this market.  Smiley
I got notification about it few minutes ago and seems good news. I also read that the first version will only belong to Ethereum, if I remember correctly.

Does Samsung concern anything other than earnings? Can you imagine how many cryptocurrency enthusiasts will get this phone?
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February 21, 2019, 01:09:37 AM
 #8

With cryptocurrency who enters the market at the earliest will serve as the leader. In this Samsung is very strong with technology adoption as well supportive measures. From last year quite often we get to have news relating cryptocurrency and Samsung. Earlier it started with the manufacturing of mining chips, later the wallet, now once again it has revealed its inbuilt cryptocurrency wallet on the smartphone S10.

Samsung being one of the leading contributor in the global smartphone market each and every service added to it will be explored by its consumers. With this people who haven't known about cryptocurrency will also try to find what it is, and the same questioning will make them users of cryptocurrency. This way through different way it has been adding value to cryptocurrency network.

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February 21, 2019, 01:38:35 AM
 #9

I read about it a couple of hours ago and I'm so happy about the news. We are on course for another bull run as the largest phone manufacturer is basically helping cryptocurrency go mainstream. They will have Galaxy S10 be built in with "defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services." The fact that private keys is mentioned along with the wallet is a good sign. I actually might consider buying an S10 if it doesnt cost me a kidney. Cheesy

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February 21, 2019, 01:39:10 AM
 #10

Gradually Samsung is making inroads into cryptocurrencies using the new smartphone having done a case study and are now successfully launching the phone, this is a welcome development and a leeway for Cryptos enthusiasts to have more options in storing their coins and probably will paveway for more adoption of Cryptos.

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February 21, 2019, 02:41:07 AM
 #11

Some source says it costs $1,980 but there's also another source that says it's price costs $1,600. Well, regardless of the price the most important for the crypto market is its feature. Big companies aren't ignore the potential of crypto's now.

It's Samsung that include this feature so people will have now the confidence that crypto isn't a scam. Let's all see if other telco giants will follow what Samsung it. What will be Huawei, Apple and other big tech telco companies reaction on this?

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February 21, 2019, 02:41:40 AM
 #12

So I guess this was the reason behind a slight bump in the prices of most coins? Not that I really care about speculation but I guess it's not a small impact.

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February 21, 2019, 02:51:24 AM
 #13

So I guess this was the reason behind a slight bump in the prices of most coins? Not that I really care about speculation but I guess it's not a small impact.

I'm pretty sure this is not the reason. Even though Samsung makes a device that support crypto wallet, it doesn't boost any crypto adoption tbh. We already can manage our crypto with Coinomi or something similar.

This phone is way too costly, even if I'm a die hard fans of cryptocurrency I won't spend $2k just to buy this phone. Pretty sure their target market is not so different with S9+, middle class up to rich people who can easily spend $2k for a new phone. Does this mean Bitcoin will be used or adopted by more people? Not really I bet.
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February 21, 2019, 03:02:57 AM
 #14

This indeed a good news, but I'm bothered of our private keys, wouldn't get compromise? If it got stolen, I don't think the thief knew what's in their like PK but what if they sell it to people that have at least a knowledge in crypto. I think we're all fucked if that's gonna happen.

Well that's an assumption lol. I read the samsung article however they didn't emphasize the private key storage. But really the features are damn impressive. Read the full article https://news.samsung.com/global/samsung-raises-the-bar-with-galaxy-s10-more-screen-cameras-and-choices

I actually might consider buying an S10 if it doesnt cost me a kidney. Cheesy

Don't worry it will just cost you one kidney. The release price will be $750, that's for Galaxy 10E their cheapest haha.

Happy Coding Life Smiley
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February 21, 2019, 03:18:31 AM
 #15

This indeed a good news, but I'm bothered of our private keys, wouldn't get compromise? If it got stolen, I don't think the thief knew what's in their like PK but what if they sell it to people that have at least a knowledge in crypto. I think we're all fucked if that's gonna happen.

Well that's an assumption lol. I read the samsung article however they didn't emphasize the private key storage. But really the features are damn impressive. Read the full article https://news.samsung.com/global/samsung-raises-the-bar-with-galaxy-s10-more-screen-cameras-and-choices

I actually might consider buying an S10 if it doesnt cost me a kidney. Cheesy

Don't worry it will just cost you one kidney. The release price will be $750, that's for Galaxy 10E their cheapest haha.

I also agree that with this feature we will be exposing our private keys to samsung and in future if the hacker finds a way to hack the wallet then it will be very hard to save it. As all samsung mobiles will be exposed. So this news is good and bad also. hope future will be good enough for this success.
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February 21, 2019, 03:22:28 AM
 #16

Some source says it costs $1,980 but there's also another source that says it's price costs $1,600.  What will be Huawei, Apple and other big tech telco companies reaction on this?
I doubt it will cost 1980$ or even 1600$ just because they have added something related to crypto. S9 price was a bit over 700$ when it was released so for S10 the maximum price I expected to be is 1500$ but even that seems much. It will probably be somewhere around 1000-1250$.
Honestly I don't expect other big companies to be very excited about this. Even though this is something new and Samsung is the first company to implement cryptocurrencies into a smartphone there is still enough time for it to be developed. Probably IPhone could come up with something better then they will start fighting for who's better in cryptocurrency technology  Grin Grin Grin
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February 21, 2019, 03:43:24 AM
 #17

We always say this is beginning for cryptocurrency when there are some company which supports the development of cryptocurrency. Whereas there were many companies have received and supported cryptocurrency well before. Such as Dell, expedia and Beepi has received bitcoin well, but it's always strange why everyone when finding the latest information always says this beginning, I guess 10 years is not a new place/new technology bitcoin is worthy of being called a technology which can be calculated for its function.

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February 21, 2019, 04:09:08 AM
 #18

I'm still not buying this, too expensive to be honest. I'm an old school as you can get so I would rather buy hardware wallets as they're way more cheaper plus you still feel safe. I'm not saying that the Samsung phone is bad, but we all know our smart phones are always online, so there is the risk than your wallet can be expose and your coins can be compromise, just saying.

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February 21, 2019, 04:21:16 AM
 #19

I think its confirmed, and honestly it made me goosebump because it looks like most of the big companies are now  supporting cryptocurrency. This is the beginning, we will benefit a lot from this market.  Smiley
It is a really exciting news for everyone involved in the market without a doubt and i would like to see the review on how it is and their security features, will i be purchasing a phone to store my coins in the wallet provided by samsung, for small amount i might store in that wallet but i will not risk big amounts since mobiles are the most insecure devices to stores all these sensitive data and that too which cannot be backtracked and decentralized.  Wink
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February 21, 2019, 04:34:37 AM
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I'm still not buying this, too expensive to be honest. I'm an old school as you can get so I would rather buy hardware wallets as they're way more cheaper plus you still feel safe. I'm not saying that the Samsung phone is bad, but we all know our smart phones are always online, so there is the risk than your wallet can be expose and your coins can be compromise, just saying.

i am still not sure about this. i think i have to wait until it is actually released to see what it is doing. at this point it mostly seems like the infrastructure that allows storage of private keys in a secure manner in the phone's hardware and it is not a wallet but you have to build wallets on top of it yourself. if that is the case then it can be a good thing in my opinion although it still is a bit strange to be honest.

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