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A comment on Alleged Coinomi exploit shows how easy it is to have Bitcoin stolen. Parent comment

Re:Alleged Coinomi exploit shows how easy it is to have Bitc... by mindcandy on Wednesday February 27, 2019 @11:47AM (#19264454)
Try to think outside of the US/Eurozone. At least a billion unbanked individuals still have cellphones.

Meanwhile in SF, the homeless all have cell phones. They are also frequent customers of Bitcoin ATMs according to an convenience store clerk that I asked because he watches over one.

[ Parent | on HN ]
Re:Alleged Coinomi exploit shows how easy it is to have Bitc... by knorker on Thursday February 28, 2019 @05:24PM (#19275895)
1) Why can't the cellphone connect to a bank? Or ANY central database?

2) How exactly is it a good idea to have your wallet on a cellphone?

As for homeless & Bitcoin ATMs. Yes: 3) That's how I'd launder money too. Pay off a homeless person to go to a bitcoin ATM. 4) That's how I'd conduct drug deals too if I were homeless and in the drug trade as buyer or seller.

You can't just say "homeless people use bitcoin ATMs therefore bitcoin is good for homeless people".

(no, I'm not saying homeless = drug related, and you know I'm not)

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