Post
Topic
Board Speculation
Re: Where else can the price go (in the long term) but up?
by
floeti
on 18/07/2012, 19:24:31 UTC
Nevertheless, I think this problem can be solved by using something like smartcards, which store the private keys and are able to sign transactions (with prior decryption through a passphrase). So the private keys never leave the smart card. Combine this with some kind of dedicated smart card interface-device, that displays the to-be-signed transaction and one should be reasonably safe. This concept is not new at all, but unfortunately not availiable for bitcoin, yet. Expect huge price jumps, if it is announced!  Grin
http://bitcoincard.org/
forum threads about it:
https://bitcointalk.org/index.php?topic=78171.0
https://bitcointalk.org/index.php?topic=85832.0
https://bitcointalk.org/index.php?topic=88645.0
I know about this, but it's not quite what I meant. As far as I can see, there is no possibility to password protect the keys, nor is there a possibility to make a physical backup of the keys. So if the hardware breaks, your coins are lost. So it's not secure enough to store many coins over a longer term. Nevertheless Bitcoincard will be great for everyday use.