Bitcoin Forum
May 08, 2024, 07:20:19 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: [LIST] Phones with Built-in Wallet (and other blockchain-related applications)  (Read 339 times)
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3013


Welt Am Draht


View Profile
October 28, 2019, 09:56:10 PM
 #21

Entrusting your crypto wallet on your phone would be the worst and the dumbest thing an enthusiast could do. Mobile phones are by far the most vulnerable hardware devices ever made because of its portability and size, it could be lost within just a snap. SO I guess this mobile phones with built-in blockchain-related apps shouldn't make you feel excited because just the idea? it's so risky.

Erm, obviously you back up your seeds first and have passwords and pin numbers on the device itself to restrict others from accessing it.

Using a Windows PC for your crypto is the equivalent of leaving your phone open on the bus and hoping no one picks it up and has a rummage.

As for this new crop of phones, unless they're open source and have a lengthy track record free of problems I won't be bothering. There are phone wallets that have been going for many, many years now with very few reported issues.
1715196019
Hero Member
*
Offline Offline

Posts: 1715196019

View Profile Personal Message (Offline)

Ignore
1715196019
Reply with quote  #2

1715196019
Report to moderator
1715196019
Hero Member
*
Offline Offline

Posts: 1715196019

View Profile Personal Message (Offline)

Ignore
1715196019
Reply with quote  #2

1715196019
Report to moderator
1715196019
Hero Member
*
Offline Offline

Posts: 1715196019

View Profile Personal Message (Offline)

Ignore
1715196019
Reply with quote  #2

1715196019
Report to moderator
Activity + Trust + Earned Merit == The Most Recognized Users on Bitcointalk
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715196019
Hero Member
*
Offline Offline

Posts: 1715196019

View Profile Personal Message (Offline)

Ignore
1715196019
Reply with quote  #2

1715196019
Report to moderator
deadsilent
Hero Member
*****
Offline Offline

Activity: 1148
Merit: 500



View Profile
October 28, 2019, 11:23:33 PM
 #22

I don't know what's the use of these cryptocurrency backed phones. Can someone explain this to me? Why not just download the application on google? What are the benefits of cryptophones? Because for me, it doesn't make sense if you can just download the application and use it. And I don't think it's safe.
malevolent
can into space
Legendary
*
Offline Offline

Activity: 3472
Merit: 1721



View Profile
October 29, 2019, 06:41:38 AM
Last edit: October 29, 2019, 01:25:39 PM by malevolent
 #23

I don't know what's the use of these cryptocurrency backed phones.

Typically enriching the vendor through capitalization of the blockchain/altcoin hype. Cryptocurrencies are mainstream enough that addressing the cryptocurrency user demographic is worth the phone companies' time.

Signature space available for rent.
Lucius
Legendary
*
Offline Offline

Activity: 3234
Merit: 5643


Blackjack.fun🎲


View Profile WWW
October 29, 2019, 12:10:26 PM
 #24

I see no reason why anyone would buy a smartphone just because it already has something preinstalled? Maybe because he trusts the manufacturer more than himself, or finds it too complicated to download some trusted wallet from PlayStore. When I buy a smartphone, first of all, the hardware and appearance of the phone are most important to me. The next thing is OS, and how often the manufacturer sends an update to the phone.

If you have a good smartphone with a fingerprint/PIN lock, some AV protection and a trusted mobile wallet with an extra PIN, the risk of irreversible crypto loss is insignificant. Of course, in the event of loss or failure, backup plays a key role in wallet recovery.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
malevolent
can into space
Legendary
*
Offline Offline

Activity: 3472
Merit: 1721



View Profile
October 29, 2019, 12:24:40 PM
 #25

If you have a good smartphone with a fingerprint/PIN lock, some AV protection and a trusted mobile wallet with an extra PIN, the risk of irreversible crypto loss is insignificant. Of course, in the event of loss or failure, backup plays a key role in wallet recovery.

A 0day exploit or a malware which the AV can't yet detect and the person who decided to forego using a hardware/cold wallet is out of their coins.

Signature space available for rent.
audaciousbeing
Hero Member
*****
Offline Offline

Activity: 1330
Merit: 569



View Profile
October 30, 2019, 11:55:21 AM
 #26

The growth of crypto apps on mobile devices is good for crypto currency ecosystem because it will bring crypto to more people, but using phones or mobile devices to store crypto, and trade is one of worst things crypto enthusiasts can do, in my opinion.

Firstly, you can more easily lose your mobile devices (by absent-mindedness), much more easily compare to laptops due to smaller size of mobile devices.

Secondly, most of people don't pay too much attention on security of their mobile devices (AV softwares).

Thirdly, when phones broken technically, you are nearly not be able to fix it yourself, and have to bring them to Maintenance Officies. It is another risks. With computers, people can fix issues themselves, or at least don't leave important data to others.

I only dedicate very small funds on mobile devices, and most of time, wallets are empty. Whenever I hang out and have plans to do something, I send a few bitcoin to mobile wallet, just in case in need to use it with urgent need.

Yes the growth of crypto apps on mobile phones are good development but what phone manufacturers are doing are not making any much impact for several reasons based on my evaluation.

1. There are several trusted third party app developers that have made their software open for download on either playstore or AppStore which over the years have become trusted by people. So, I don't see any crypto enthusiast who will buy a particular brand of phone simply because it has inbuilt crypto wallet. What about the support or private key security that is germane to any wallet holder.

2. Now for those new people buying those brands that we might think seeing the crypto app on their phones can lead to their curiosity which might then push them to crypto. Today, I have seen several apps on phones that serve no interest to the users because he does not understand its functions which could have been deleted if there is a way. So, without understanding of what crypto is all about, the app will be fully useless.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!