I suppose I'll have to get some kind of strap or pack to carry my iPhone, as I'd like to wear the Watch when I exercise outdoors. They probably made the right compromises for the tech that is currently available. Adding GPS to the watch would make it huge.
No, no, no. Apple issues the "token"... This was all explicitly described in their digital transactions patent that was shown here and on Patently Apple a while ago. You need to do the basic research before you post.