Newsflash: Samsung Galaxy S10 Crypto Wallet ‘Highly Likely’ During Today’s Launch

[Julian_Williams]

https://www.ccn.com/newsflash-samsung-galaxy-s10-crypto-wallet-highly-likely-during-todays-launch

 

[Truckdriver]

That's great news, fantastic even ,  um but 5 days too late just brought the S9 , premature again  You can see its the way of the future , app's on phones for everything  , leave your wallets and purses at home or purely for decorative adornment .

[Julian_Williams]

23 minutes ago, Truckdriver said:

That's great news, fantastic even ,  um but 5 days too late just brought the S9 , premature again  You can see its the way of the future , app's on phones for everything  , leave your wallets and purses at home or purely for decorative adornment .

looks good but I still do not own a wallet.  What happens if you lose your phone?

Edited February 20, 2019 by Julian_Williams

[Flintstone]

@Julian_Williams It’s important to remember that a wallet is just an interface that is used to access your key-pair.

A good example is your email account. You can access it from home, work, a mobile device and on many different browsers - as long as you have the password.

[XRP-JAG]

1 hour ago, Flintstone said:

@Julian_Williams It’s important to remember that a wallet is just an interface that is used to access your key-pair.

A good example is your email account. You can access it from home, work, a mobile device and on many different browsers - as long as you have the password.

In which case, I’m not sure how this works.

Private key is stored on phones secured chip, fine. But what would the recovery process be. Samsung hold your seed words (?) for you elsewhere?! 

[Dario_o]

I think we'll find out the answer soon

https://www.samsung.com/global/galaxy/events/unpacked/

[Flintstone]

1 hour ago, XRP-JAG said:

In which case, I’m not sure how this works.

Private key is stored on phones secured chip, fine. But what would the recovery process be. Samsung hold your seed words (?) for you elsewhere?! 

I’m no techie so not really sure. I’m guessing it’s like Toast wallet etc but native to the phone and not an app or web wallet.

@KarmaCoverage or @Warbler should be able to provide some insight.

[KarmaCoverage]

@Flintstone I cant speak to this with any real certainty. There are more security/technical process folks lurking around here.

But to take a guess, It could be some simi-hosted wallet setup, with a physical NFC dongle that if lost could be replaced because the "hosted wallet" keys could be held by Samsung or a third party like a Microsoft. Maybe the NFC dongle only has half of the key? I'm guessing they have not released an SDK?

I would view at the phone as an account at an Exchange/Gateway. You have to plan to lose account passwords, the device in this case, and maybe an NFC dongle. Having the raw keys on the device and nowhere else sounds like a recipe for disaster.

Anyone know how the Chinese do their payments off of mobile? I'm guessing the "bank" essentially is providing a "hosted wallet" service? Keeping everything "in app" should enable some end-to-end encryption.

Maybe it could use ILP's SPSP https://interledger.org/rfcs/0009-simple-payment-setup-protocol/ to share the wallet's secrete key. If this was a Rippled, you could even do wallet key rotation by changing the Master key every so often.

[Dario_o]

1 hour ago, Dario_o said:

I think we'll find out the answer soon

https://www.samsung.com/global/galaxy/events/unpacked/

I watched the event,

No one has talked about a cryptowallet

[LetHerRip]

This article says it does have a wallet

https://www.coindesk.com/samsung-galaxy-s10-includes-private-crypto-key-storage

[XRP-JAG]

[retryW]

Yeah nah; I'm never accessing my wallet from my phone haha. 

[mandelbaum]

Hope its not the the standard Samsung Bloatware stuff that makes the device act as if it is stuck in mud.

[Truckdriver]

7 hours ago, Julian_Williams said:

looks good but I still do not own a wallet.  What happens if you lose your phone

There's been a few good answers , I've thought once XRP is of some substantial value you would spread your risk , have a few wallets, like a daily use one ( minimal amount) that you would use on your phone,  maybe fingerprint scanner, voice recognition or rechner sensor( for security  ) for access , also this should be tax minimal,  like non existent . A second wallet,  a much larger one with majority of your zerps that's like a savings account that you use a feeder to your other wallets ,only taking out the interest not the principal (that you have set). The longer we wait the more will be developed to help us utilize our asset the best way that suits us not the powers to be. I don't trust banks , politicians or that guy with a cheesy smile , At last a system is apon us that we determine how we look after ourselves to a certain extent,  no more money under the mattress or trusting in the system that's fleecing us every turn. Secure your zerps the best way that suits your comfort level, but make sure they're secure.

[panmores]

Great sign of crypto getting closer to mainstream.

Also, a few years down the road we'll be using one single portable device for all needs. Connect a keyboard and screen and your mobile phone will serve as the main computer, for everything.