[ANN] The world's first handheld Bitcoin device, the Ellet!

[Xenland]

nothing on it -> can't make ecdsa signatures -> can't send bitcoins.

Load everything from from microsd card or paper

seed-on-paper approach -> steal paper.

Store half of seed on the device, and other half on the paper and the other half is your password you manually type in.

or store nothing on the device, store half the seed on paper(QRcode or microsd card) and the other half in your brain that you manually type in upon wanting to load.
(This is obviously not the one size fits all solution as everyone has different security preferences but since we are down this road)

[cytokine]

Wow, where can I buy some equity in this Matthew guy? He is quite an entrepreneur.

[Garr255]

[...]rivaling even the iPod.

Such ambition! I can't wait

[Raoul Duke]

In 6 months you'll know more.
Printed with smudgy ink

[Bitcoin Oz]

Two words - App Store 

[Raoul Duke]

Two words - App Store 

2 words: kicked out

[LightRider]

Apple will be implementing their own version of the bitcoin software on their devices, and only let you spend it on approved products and services. They wouldn't give that up to the likes of us.

[notme]

Store half of seed on the device, and other half on the paper and the other half is your password you manually type in.

So the seed has 3 halves?  Sounds complicated.

[rjk]

Store half of seed on the device, and other half on the paper and the other half is your password you manually type in.

So the seed has 3 halves?  Sounds complicated.

"Introducing... the One Point Five system! Three halves to be 1.5 times as secure! Coming to a pocket near you, as long as you have a good memory."

[Portnoy]

Two words - App Store 

2 words: kicked out

Perhaps CCM is referring to this section of the OP:

The Ellet can also update automatically from the Ellet store, and wireless download Ellet plugins like margin trading plugins for Kronos.io.

If the intention is to follow Apple's "crystal prison" business model, I would want nothing to do with this device. 

[Xenland]

Store half of seed on the device, and other half on the paper and the other half is your password you manually type in.

So the seed has 3 halves?  Sounds complicated.

Like I implied only for "serious" purchasing security that would be required to prevent large amounts of bitcoins being stolen in the event that you get the device stolen.

[bc]

About 2,120,000 results (0.15 seconds). That's the point I was trying to bring home.

2nd and 3rd entries:
http://lmgtfy.com/?q=ellet+wallet


That's good enough for a start. Imagine if/once it actually ships.

[notme]

About 2,120,000 results (0.15 seconds). That's the point I was trying to bring home.

2nd and 3rd entries:
http://lmgtfy.com/?q=ellet+wallet


That's good enough for a start. Imagine if/once it actually ships.

It's already up to 1st and 2nd.

[Xenland]

About 2,120,000 results (0.15 seconds). That's the point I was trying to bring home.

2nd and 3rd entries:
http://lmgtfy.com/?q=ellet+wallet


That's good enough for a start. Imagine if/once it actually ships.

It's already up to 1st and 2nd.

I love how SEO' specialists always try to relate high amount of search results with the "difficulty" of reaching the top rank.... lol

[MoneyIsDebt]

Cool initiative!
Some comments on the comments:
I have spoken with people at f-secure that say phones viruses, worms and exploits are plentiful. For smartphones, doubly so. Much easier to compromise a wallet on a phone.
And why worry about the keys on this device if it is physically stolen? Will you even carry more btc on it than the device itself costs? And if you have the wallet backed up you have a chance to empty it before the thieves do.

Question: How would the process be, of me transferring btc to a friend or stranger who also carry such a device?
This is something a bitcoincard wouldn't be able to do, but which is necessary to emulate cash.

[rjk]

This is something a bitcoincard wouldn't be able to do,

What makes you say that?

[bitcats]

I want to go on record in stating that I don't dislike the name because of the way it sounds or looks (in fact, I'm intrigued by the word), but  I am against naming the product such from a marketing standpoint. Unless the domain ellet.com is own by the team, of which I seriously doubt,

In German and in French, it doesnt sound appealing: Ellet

[Ente]

Many valid questions here were never answered.
I, personally, won't hold my breath. But subscribing to this thread should be ok..

Ente

[giszmo]

Ente

Ja, glaub auch, dass das eine Ente ist

[Matthew N. Wright]

Ente

Ja, glaub auch, dass das eine Ente ist

Die einzige Ente hier bist Du!