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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
skeptical article on Finney phone: https://www.androidauthority.com/sirin-labs-blockchain-phone-803530/
April 5 Article on Finney Update: https://www.coindesk.com/electronics-giant-foxconn-to-build-sirin-labs-blockchain-phone/
SirinLabs Website for Finney: https://sirinlabs.com/
Manufactured by Foxconn announcement: https://www.cnet.com/news/foxconn-to-manufacture-first-blockchain-smartphone/
Coindesk Article: https://www.coindesk.com/electronics-giant-foxconn-to-build-sirin-labs-blockchain-phone/
Chipin Article Explaining Finney’s Specs: https://www.chipin.com/finney-sirin-labs-ico-blockchain-smartphone/
Bloomberg Article: https://www.bloomberg.com/news/articles/2018-04-04/foxconn-to-manufacture-blockchain-phone-from-sirin-labs
The name Finney comes from a man who helped facilitate the development of Bitcoin, Hal Finney. If you don’t know who this is, might I suggest checking out my past video which goes over his life, accomplishments and contributions to this world of cryptocurrency.
SirinLabs held an ICO back in December of 2017 for their token called SRN. The proceeds from this ICO are now being used to develop this new kind of cryptocurrency-centric cellphone. Actually, they raised enough money through that ICO to also develop a Finney PC.
I’ve always upheld the precautions of keeping anything about cryptocurrencies off of my own cell phone. I’ve never used a mobile wallet, or even any kind of portfolio tracker. Reason being that we all know now iPhones have backdoors installed. Even though the government justifies this with their age old defense that it helps them get the “bad guys”, these backdoors can be accessed by anyone with the appropriate knowledge and motivation to get your information.
Because of this, I’m looking at this new Finney phone with a bit of skepticism. Here are some of my own questions that I think are worth considering by anyone who is interested in using this new phone:
* What is the history behind Sirin labs?
* What kind of security measures will be implemented for this phone?
* What is the reputation of the company which will be manufacturing these phones?
If you’re interested in the answers to these questions, as you should be… I have provided links down in the description where you can find some explanations and answers.
You might think I’m being paranoid, but when it comes to anyone manufacturing products that are designed to involve people’s personal use of cryptocurrencies, it’s better to be safe than sorry.
Ok, moving on to what this phone will actually offer. This phone will be running an open source operating system called Shield OS. Which is pretty cool, this means as a user you would be able to take a look at the system and possibly make changes if that’s what you’re interested in doing.
This operating system will support decentralized applications, or dApps. Shield OS will also facilitate a cold storage wallet. This cold storage wallet option will also be something worth looking into in regards to its actual security protocols.
You’ll also have fully encrypted messaging and secured access to exchanges.
The phone itself will have 8 GB of RAM and a whopping 256 GB of storage.
The security measures for unlocking and using this phone will include options like an iris scanner, fingerprint reader, or the regular, old fashioned password.
According to an article on Chipin.com, The Finney network will be run on IOTA’s Tangle so if you’re not 100% on IOTA, this is something to take note of.
The Finney is also being said to give you the ability to “rent out” your own local hotspot as a way to earn some cryptocurrency.
If you want to purchase the Finney, you’ll need to do so using the SRN token. That also goes for in-app purchases, upgrades and repairs also.
If for whatever reason things don’t pan out for the Finney, there are others who want to be the first to supply the public with a “blockchain” phone. Also keep an eye out for other options like BitVault and Zippie.
Finney release date is released
SRN price crashed from $2 to $0.20 ;((
It's a Scam ..don't go any further
Great info and point of view, many thanks! I'm skeptical too, especially on how they will treat the user's phone calls and media content. My question would be: will they storage everything in the blockchain?
Heidi, you are not being paranoid in the slightest. Being careful and maintaining a healthy dose of skepticism is something we should all do. Clearly you have invited the right type of adventure into your life (travel / culture, new technological and social frontiers) and no need to invite unnecessary dramas. I just recommended my two teenagers watch your show.
Do you have a similar concern about the Ethos Universal wallet?
Every time you try to buy the BitVault they are out of stock, makes me wonder. Also have not had any luck with the installation of the embedded vault from the same company as the BitVault. Plus no reply from their support
What kind of stupid and dumb statement is that: "We all know iPhones have backdoors". Please do not tell lies in your videos. In fact, smartphones are one of the safest devices to have a wallet on.
Wow amazing??
Hi, can you review about npcoin?
Sirin Labs/Finney have Leo Messi on board, sure we'll see him promoting the phone at some point
Keeping us up to date as always:) really enjoy the beautiful background scenery.
The earth doesn’t curve.
Phone specs look amazing. Just wondering how much it will cost?
Foxconn makes all I-phones. I love the concept, but until these devices are made elsewhere, I will be cautious.
Why is it called a "blockchain phone"? Are all of your call logs/texts stored on a blockchain? How does an immutable database factor into this?
Sippi yD
<3
Heidi can you do a video later how to use bisiq
Love the view and the great info.. Keep it up!
Nicely done. Thanks for the info!
This is the video that got me excited. I have been looking into Sirin labs and the Finney phone since they partnered with Cardano. I love that they credited Hal Finney and are stepping up to the bar with parterships with the iPhone makers. This all points towards good things BUT as you pointed out and as we all know phones are vulnerable hence why we mostly all use cold storage wallets.
Whilst this excites me its not because I am planning on running out and buying one but more due to the fact that this is the type of thing that will enable mass adoption and convenience by millions of people. They already have crazy publicity from their crazy expensive previous smart phones and are now getting good publicity and attention here too. Anything that helps to onboard the public is a win, I really hope the security can be implemented in such a way that newbies into crypto dont get hacked and lose their money. Onboarding is good but onboarding masses who have a bad experience right away is not going to do us any favours. I have been thinking about it and maybe a good approach would be to have a totally separate, non communicative discreet circuit board / processor plus a lower res secondary screen on the rear of the phone. This could then utilise just power from the phone but act as a totally indipendent cold storage wallet. Even if the phone was compromised and key loggers / screen grabbers were installed they would only grab info from the main keyboard and screen. The cold wallet would have its own LED display on its own circuitry with no hard wired or radio comms links. There would also have to be a secondary set of keys and a connector purely for this wallet BUT it would be secure and a way of always carrying a cold storage wallet holding private keys that can be used daily with ease. People may be thinking well what would be the point in such a device if there is no connectivity or online functionality. It would in essence be a multi currency, battery powered, ledger nano but would mean not having to carry a separate device or cables around and ideally would be more convenient to use and support vastly more assets. It would be secure and convenient plus given the size it would be possible to implement an independent NFC chip to enable tap to pay after a code has been entered using the dedicated keys built into the rear facing screen.
PS although my idea may be strange the Finney PC was a weird idea too lol
The smartest woman n the space I've come across so far!!!
Bali ?
I like the enjin wallet
You are absolutely correct to be a skeptic. Whey not just hand over private keys when purchasing the phone. Aloha.
Love or hate him, that John Mcafee privacy phone looked like it should have been the only remotely private mobile ever made until Mcafee suddenly broke ties with the company 1 month before their stated commercial release this last February.
hi
Foxconn is building the phones so you should expect an Iphone with blockchain features. Security should not be an issue because every Foxconn product gets hacked to oblivion. But then the concept of a decentralized phone flies out of the window when you have 1 manufacturer.
are you always traveling or do you just live somewhere beautiful?
@bitMEXaltsCHATboxchatJOIN Check out the chat awesome people
ok time to buy?
And love the new photo Heidi! One of my favorite crypto channels.
First