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February 23, 2019, 04:04:55 PM

^ If you can afford a $1K phone you sure can store on it $1K. If the cloud was hacked you would probably be compensated. It would be shitshow not only for Samsung but for us. That being said, the wallet probably has additional encryption layers so even if you get access to the backup you still can't access the plaintext of it. And even if they don't have that right now (remember they are innovating here) that's something that could be added later.

I would not store my whole stash there. Same as I wouldn't go to the bank withdraw all my fiat and carry it on my pocket wallet.

I don't see any problem in storing any amount between $50 to $1K, depending on your needs. Maybe even way more if you are fucking rich. Just an amount you could afford to lose without jumping off a bridge.

It's great news no matter what. An amazing milestone for mainstream adoption.