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RE: Still seeking answers why the crypto markets crashed in 2018? Tom Lee says there are two main reasons why...

in #crypto6 years ago

Is there a company that produces hardware wallets and can be bought as shares? If so I will take a look at those companies. Interesting idea, I don't know why this did not come to my mind yet, thanks.

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I was thinking mostly, protecting our coins with a hardware wallet instead of keeping on an exchange. But yes, someone has to build these 4B hardware wallets for sure.

But I think we will quickly get sim cards with embedded crypto wallet. That would be neat and cheap.

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"But I think we will quickly get sim cards with embedded crypto wallet. That would be neat and cheap."
I am no fan of that. I would not carry a gold bar in public or when walking through the city, so I also would not like to carry my wallet on my sim card when the crypto on it is worth a lot of money.
I might lose the phone, or somebody steals it, or the sim card gets destroyed or somehow unreadable...
When you are your own bank, you need to be able to store it as safely as your bank would.
Thats one reason why I like steem. It is locked up and even I can't get to it fast, if I wanted to.

Yep, I don't think people want to be their own bank when it really comes down to it. They like they idea, but they don't want to have to worry about the same level of security that banks do... again custody is still a major issue.

Yes it is. The first person to develop a safe storage(and/or custody solution), which is useless to anybody else but the owner of the crypto, is going to be a very rich man.
They have to make being your own bank easy and comfortable, or it will be very hard to establish a future world free of banks and middlemen.

Its called samsung. They built it right in their phones.