So current hardware solutions like visa and debit are secure because they use a trusted 3rd party. And not anonymous.
Bitcoin traded trusted 3rd party for trusted cloud (its p2p nature) and so was still not really anon if you put in any effort.
This is supposed to be 3rd party-less, fully anon. So thats a lot of trust in the hardware. It does seem uniquely vulnerable in ways we haven't before seen with visa and debit or bitcoin.
I believe the target for strictly-hardware transactions is to keep them low-monetary value. For example a digital replacement for the $10 you keep in your wallet to buy lunch from a hot dog vendor.
Not saying the potential for a hardware exploit resulting in a money tree isn't there...
So current hardware solutions like visa and debit are secure because they use a trusted 3rd party. And not anonymous.
Bitcoin traded trusted 3rd party for trusted cloud (its p2p nature) and so was still not really anon if you put in any effort.
This is supposed to be 3rd party-less, fully anon. So thats a lot of trust in the hardware. It does seem uniquely vulnerable in ways we haven't before seen with visa and debit or bitcoin.