⭐ Merited by larry_vw_1955 (1)
If you made it this far - we're offering you a 15% discount on the ring bringing the total price including shipping and taxes to $84 (including 4 Ace Cards). Sign up now on http://ringwallet.com/
Website says 84 Euros not US dollars.
I would never pay $90 for some brand new hardware wallet. First of all because I wouldn't even know if all the bugs had been ironed out of its software. No way I could trust it except with very small amounts most likely. Just how it is.
Nice concept though. Carrying an entire hardware wallet on your finger. Using your phone to do transactions and it doesn't even need a battery. Pretty cool.
Also, i can't trust a device where if their app disappeared from the "app store" because of going out of business their device becomes a brick. I've seen that happen with other types of hardware...you say its' open source or something. well, i dont know if that would mean anything...
but you and your partner seem to have the patience of a saint in dealing with some of the people in this thread. that's for sure!
just to give you an idea, i'm looking for a hardware wallet in the $9.99 price range.
Hey, first of all thanks for the kind words. Let me answer what you wrote:
1. Regarding currency, that's based on location, so if you're in US it's $ and if you're in Europe it's Euros. The price includes shipping and VAT as well so hence why it's a bit higher since of that price, depending on exact VAT (as it differs from country to country) of the 84 eur you get left with 66-71 eur and then you have to subtract shipping which is included as well which is ±8 eur on average for EU countries so about 58-63eur of which we then subtract product cost. Most providers show you a price and then on checkout they add VAT and shipping on top but we didn't really want to do that which is why we included it in price.
2. In general, I am aware that it is not the cheapest solution on the market. To be honest, since we're still a startup we don't have the same capacity of manufacturing as many pieces in a single batch and so we have a higher cost of product / item. Over time, as we grow and are able to manufacture larger and larger batches my hope is to be able to eventually reduce the price.
Now regarding the the app disappearing from the app store because the company goes out of business, that's honestly a legitimate concern and it's one of the reasons why we're considering publishing everything open-source (including the apps), in which case even if the company goes out of business people would just be able to for example run their own apk and recover their wallets and move them somewhere else. Even if we end up deciding to publish it as source-available, you would still be able to do that since the company would have gone out of business in your example. With that said, we are gravitating more towards open-source at this moment either way and either way we're going to take a final decision in the coming weeks and publish it here.
Regarding the price range of the wallet you're looking for, I'm not sure if something like that exists at this moment. In the future we do have in plan of creating a more affordable option as well but in all honesty I don't think we could ever reach a $10 price range. If you include shipping then that's like 50-80% of the price, even if we disregard VAT and etc but even if you don't include shipping and VAT, I'm not sure if you can realistically manufacture a secure hardware wallet at that price. There may be a chance to do something in the $25-30 range if you go with something like a card since it's a simpler form factor but not sure if $10 is achievable in the very near future. Maybe years ahead as technology improves and production costs go down.