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Which phone (secure computing platform) do you trust to securely store your wallet key? All it takes to lose is an update to the wallet app that sends the key t
by easymovet 8y ago
Which phone (secure computing platform) do you trust to securely store your wallet key? All it takes to lose is an update to the wallet app that sends the key to a server.
- drb91 8y agoWhy would you want the wallet with you at all times? How often are you transacting? Seems like more of a risk than a benefit here.
- atq2119 8y agoThere's clearly a demand for people having their old-school credit card or equivalent on their phone and debitable wirelessly. I personally find that more risk than benefit, but traditional banking's security mechanism seems adequate for many people. If crypto currencies cannot offer the same level of convenience/security, then how can they compete in the mass market?
- deleted 8y ago[deleted]
- ikeboy 8y agoYou can install from an apk and not get updates. Besides, if all you're doing is some kind of chain of authority you could do it through fdroid which enforces a constant key. No need for a standalone phone which will anyway have the same components as any other phone.
- easymovet 8y agoThat sounds very reasonable, is there an equivalent chain of authority possible on iOS?
- RL_Quine 8y agoSounds like a perfect watering hole attack to make a "cryptocurrency phone". Think of it like selling a mail-order gold bar cozy. 100% of your customers have a physical item that's vulnerable to crowbar enhanced recovery.
- zanny 8y agoAssuming everything goes as planned probably the Librem 5 when it comes out or anything that can run Replicant (or any other similar radio isolating fully open OS).
- justaj 8y agoAren't its baseband and wifi drivers still proprietary?
- kojeovo 8y agoDefinitely not the one made by some shitty startup with no track record.
- mcintyre1994 8y agoIf I had to choose a phone, iPhone. I doubt they can build anything close to it in terms of security. Not that I would use any phone I have with me the majority of the time for it, but I doubt they can do better in that form factor.
- dragontamer 8y agoIIRC, Apple was banning actual BTC wallets because they recognized BTC was a competitor to their App Model. You could use BTC online wallets on Apple Phones, but it was difficult to find one where your iPhone itself stored the wallet.