Tangem Ring HW - The Lord of the Rings?

[Pmalek]

What I can't stand are these partnerships HW wallet manufacturers enter into (Ledger went way overboard with that), and even some software wallets like Trust have done it as well.

I don't like it either, but I understand why they do it from a business perspective. Why have the users move the funds they want to exchange from the hardware wallet and into a third-party exchange if we can create the same type of service and have them do it on our terms? Plus, we earn a small commission from it. I also don't buy the marketing hype of how it's cheaper than doing the swap directly through the 3rd-party exchange.   

[dkbit98]

Tangem just announced that limited pre-sale for their new Ring device started, but I was not happy when I saw the price of $160 (+shipping), that is more expensive than other popular hardware wallets.
Even if you pay for Ring wallet now they won't be able to send them to customers for months, they plan to start shipping in the end of October, and that usually means in November or December.
Tangem doesn't show any information about source code so I guess it's going to be closed source, and I wouldn't waste my money on that.
https://tangem.com/en/ring/#ring-order

[DaveF]

Tangem just announced that limited pre-sale for their new Ring device started, but I was not happy when I saw the price of $160 (+shipping), that is more expensive than other popular hardware wallets.
Even if you pay for Ring wallet now they won't be able to send them to customers for months, they plan to start shipping in the end of October, and that usually means in November or December.
Tangem doesn't show any information about source code so I guess it's going to be closed source, and I wouldn't waste my money on that.
https://tangem.com/en/ring/#ring-order

From their site:

The Tangem Ring is functionally the same as the new Tangem Wallet cards, except for its different form factor.

So I would guess it's just the RFID and stuff from a card put into a ring. Can't see the firmware or software being any different.

The $160 price is a ring + 2 cards so more or less it's one of their 3 card sets but one of the cards is in a different format.

-Dave

[PrivacyG]

Now that Samsung is making their own Smart Rings that will most likely become pretty main stream, what is your opinion on wearing the Tangem Ring?  Is it a good thing that Smart Rings are becoming more popular for Tangem owners or is it not?

I am kind of skeptical for a few reasons.  One being that once Samsung Rings become more widely known and used, wearing a dark ring on your fingers could trigger specific negative Events.  Authorities seizing it from you, getting it checked and or seized at the Airport or even becoming the target of thieves.

I have seen people with dark rings on their fingers before, but I never thought of it as an expensive item.  Pretty much the opposite instead, as it looks like a regular metal or stone ring.  The launch of Smart Rings could change this.

[SFR10]

Tangem just announced that limited pre-sale for their new Ring device started, but I was not happy when I saw the price of $160 (+shipping), that is more expensive than other popular hardware wallets.

From their site:

The Tangem Ring is functionally the same as the new Tangem Wallet cards, except for its different form factor.

Considering that it doesn't bring anything new to the table while it's almost triple the price of the two Tangem Wallet cards ^{[or double the price, if we remove the two backup cards from the equation]}, it doesn't make sense for Tangem users to upgrade to this HW ^{[especially since the only way to get it to work is by removing the ring from our fingers]}!

• For those who might be interested, the thebitcoinhole's promo code for Tangem Wallets also works for this ^{[it'll be $144]}.

[dkbit98]

So I would guess it's just the RFID and stuff from a card put into a ring. Can't see the firmware or software being any different.

There are already manufacturers in China who are making ring devices like this, so I guess they just made a deal to make them custom device with Ring logo.
Even with two added cards in package I think that it is not worth that much money for this.
Little bird told me that open source alternative ring wallet will come out soon and it's going to be cheaper than $160.

[satscraper]

I would prefer to inject under my skin  the subdermal crypto wallet , the stuff  like this Apex Flex developed by    VivoKey Technologies, rather than wear the ring on my finger, which explicitly identifies me as BTC holder. Those who will wear Tangem Rings automatically  become to be very attractive to $5 wrench.

[SFR10]

I would prefer to inject under my skin  the subdermal crypto wallet , the stuff  like this Apex Flex developed by    VivoKey Technologies, rather than wear the ring on my finger,

I had no idea such a thing existed ^{[quite interesting]}, but I did some digging and it appears that it could suddenly stop working ^[1:06].

which explicitly identifies me as BTC holder.

What I'm about to say is going to sound like I'm trying to defend them ^{[I'm not]}, but I strongly disagree with the above line... There are a lot of other low-profile smart rings in the market and AFAIK, almost all of them are some kind of fitness tracker and the rest are just normal rings.
^{- FWIW, I don't think Tangem will have a lot of customers for these rings!}

[satscraper]

. There are a lot of other low-profile smart rings in the market and AFAIK, almost all of them are some kind of fitness tracker and the rest are just normal rings.

However, contrary to Tangem Ring,  those stuff that are  "just normal things" are not stabbed (constantly) at  smartphone. Thus, I still believe that persons with wallet in the ring form-factor can be easyly spotted and tracked.

Besides, any  ring stuff has a tendency to get lost.

[dkbit98]

I would prefer to inject under my skin  the subdermal crypto wallet , the stuff  like this Apex Flex developed by    VivoKey Technologies

This must be one of the worst thing ever imagined.
Nobody is going to inject anything under my skin ever.  

I am not defending Ring wallet, but people are wearing rings for a very long time, and they are not attracting that much attention, no matter if they are gold, silver, ceramic or any other material.

Besides, any  ring stuff has a tendency to get lost.

I don't know anyone who ever lost a ring, it's not something you often take off.

[satscraper]

I don't know anyone who ever lost a ring, it's not something you often take off.

Hm, I suppose you don't wear such stuff.

My wife lost three of them, very expensive gold ones, one even with diamond. I myself have lost my ring , just misplaced it but not remembering where.

People commonly take them off when take a bath. Besides,  wearing ring for a long time results in the dermal irritation thus you are bound to take it off.

People will lost them, Tangem Ring including.

This must be one of the worst thing ever imagined.

Your instance didn't convince me, sorry.

Nobody is going to inject anything under my skin ever.  

Even If, God forbid, something goes wrong with your cardiac valve? ( Not exactly under skin, but still  into your body)

[SFR10]

However, contrary to Tangem Ring,  those stuff that are  "just normal things" are not stabbed (constantly) at  smartphone. Thus, I still believe that persons with wallet in the ring form-factor can be easyly spotted and tracked.

You have a point, but I don't think it'd make sense to use it in a public space because of the fact that in order to make it work, we have to remove it from our fingers first ^{[even with a privacy screen protector on our phones, it'll surely attract a lot of attention (especially by snatchers)]}.

Besides, any  ring stuff has a tendency to get lost.

Another reason why I think it's not going to have a significant sales volume.