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Samourai Wallet announced the release of a new app update on September 28 that removes fiat values for wallet balances and transaction fees. Instead, the wallet now shows only satoshis (sat), the smallest unit of bitcoin, for all values. In the announcement, the bitcoin wallet provider knew that the change could cause some frustration among
The post Paradigm Shift: Samourai Wallet Removes Fiat Values in Favor of Satoshis appeared first on CCN
Bitcoin wallets come in different shapes, sizes, and with very unique flavors. Samourai Wallet has been a very interesting creation in this regard, primarily because it does things very different from traditional offerings. The following five aspects make this wallet unique and well worth checking out for those looking for such specific features.
One of the more interesting aspects of Samourai Wallet is how the wallet no longer provides fiat balances for Bitcoin users. Instead, the firm is confident users need to look at BTC as a native currency, rather than sticking to the use of Dollars, Euros, et cetera. Although it is rather unlikely anyone will begin using Bitcoin as their native currency because of this decision, it still shows the cryptocurrency industry may require a different mindset altogether.
In what could be construed as calling the casual enthusiast’s bluff, BTC maximalists at the Samourai project announced, “All fiat currency conversions have been removed from Samourai Wallet. We understand this may inconvenience some, it may even be enough to cause us to lose some users, but we believe it is fundamental that our existing and future users understand that when they transact within the Bitcoin network, when they participate in the Bitcoin economy, they are transacting with the token native to the Bitcoin network, BTC, and nothing else.”
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Cryptocurrency wallet Samourai Wallet has released an update which removes fiat currency balances in a move it says stops users using Bitcoin with a “crutch.”
In a blog post September 28, Samourai revealed its latest 0.98.87 wallet release would no longer feature any fiat references, instead giving users the options to transact in BTC or satoshis (SAT), Bitcoin’s smallest unit.
Explaining the impetus behind the decision, executives said that users would “never be ready” to abandon fiat, but spurring them to do so would make them “understand” what it means to use Bitcoin better.
A 2-wallet Samourai Stowaway offers to make transactions private by masking user identity while keeping funds safe.
Bitcoin (BTC) 00 transactions are often described as anonymous because users can exchange the cryptocurrency without providing any personally identifying information.
However, Bitcoin transactions are pseudo-anonymous. The history of each Bitcoin transaction is permanently stored on the blockchain. And, anyone can track and view this information.
The abstract of BIP0069 describes the issue of the leak of private information, as follows,
Samourai Wallet is collaborating with goTenna, a Brooklyn-based company specializing in off-grid communications, to produce txTenna, an Android app that combines mesh networking with Bitcoin transactions. The app will allow users to pair their phones with goTenna’s portable antennas in order to broadcast transactions.
goTenna produces consumer-grade hardware to facilitate mesh networking — a concept that echoes much of the decentralization ethos that we see across the cryptocurrency domain — which operates by allowing peers to connect directly to one another for the purpose of routing packets, sidestepping the need to rely on an ISP or cell tower.
The post Samourai Bitcoin Wallet Review: A Software Wallet that’s Focused on Privacy appeared first on 99 Bitcoins.
Looking for a good Bitcoin wallet for your phone? I was too, before my recent overseas trip to 99Bitcoins’ headquarters. (Each of us works from a different country.) I needed a secure, reliable wallet—ideally one with an effective stealth mode, which would keep my bitcoins hidden from prying border guards and sneaky pickpockets. True to […]
