Quote from: DarkDays on February 06, 2020, 11:06:18 PM

I actually saw a smartwatch that was designed for this exact functionality just the other day;

Check it out: https://bitcointalk.org/index.php?topic=5104019.0

Not sure if it's legitimate though, it's worth doing some background research on it before buying.

I did notice that this is their second generation watch though, which indicates they've been in the game for at least some time. Maybe see if there's any of their 1st gen watches floating around on Ebay to demonstrate that they actually shipped.

Nice. Never thought crypto would get this far. I have to admit that smartwatches are not as safe as a PC or a smartphone. But at least, the idea is there. It's much easier to lose funds on a smartwatch than on any other device for many obvious reasons. Considering that it's a "watch" anyone could steal it with ease getting access to your crypto funds in a blink of an eye. While it's still possible to do this with a smartphone or a laptop, they have been battle-tested over time with many security methods that would prevent unauthorized access. The limited specifications of a smartwatch compared to the previously mentioned electronic devices, makes it hard (if not impossible) to implement a strong security mechanism against internal or external attacks.

Still though, it's possible to make a good smartwatch that focuses on security above all else. If there's demand for something like this in the mainstream world, I don't see why we can't use it for crypto transactions in the first place. The smartwatch from the given link is relatively new, so it's not as tested (and recognized) as other watches. A crypto wallet app for existing smartwatches, would've been a better option though. Just my opinion

Quote from: 20kevin20 on February 06, 2020, 11:07:37 PM

I don't think it'd be very secure due to the connection method (Bluetooth). When you have your smartwatch connected to your phone, you have to keep the bluetooth permanently on. Watches can be exploited and other devices could pair with it if the smartwatch has the option to deny access to unknown devices turned off. I'm no security expert but I am sure that even with all security options turned on, they still pose a risk.

A 2015 test by Hewlett-Packard (HP) resulted in 100% of the smartwatches successfully exploited.
If that's too old, a 2018 Kaspersky security research on smartwatches ended in negative results too.

Smartwatches are cool and all, but they haven't been around long enough yet imo to be considered secure enough to have Bitcoin wallets on them. An idea I would go for though would be an app that would display QR codes for addresses you'd input from your phone on a list. The only risk you'd be exposed to is having your public addresses exposed to a hacker.

If a wallet would be released for these devices, they would become the next target for hackers. And as today I don't think many hackers are focusing on smartwatch vulnerabilities because there isn't much to be extracted from them, such news would make them turn their focus 180 degrees straight to the smartwatches.

That's certainly true, mate. Smartwatches would only be a "gimmick" or a "niche" for crypto transactions than anything else. If you'd use it for crypto, then it's recommended to store a small amount of money instead of your entire life savings. We'll have to wait and see if the smartwatch market matures enough to be able to talk about a crypto-oriented smartwatch anytime soon. If the crypto phone was announced by HTC, then the next big thing would be a crypto watch (if the need arises). Wink