The Flat Earth Society
Other Discussion Boards => Technology & Information => Topic started by: Lord Dave on March 22, 2014, 04:19:12 PM
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https://onlycoin.com/
Anyone else think this is a really dumb idea?
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Yeah. I heard about this a long time ago. Just about everyone agreed that having one electronic vehicle for all of your finances is all kinds of dumb.
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The homepage contains no actual information about what it is, so I lost interest and closed the tab.
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Maybe the next pseudo-hipster device can pick an even more awkward actor.
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The homepage contains no actual information about what it is, so I lost interest and closed the tab.
As near as I can figure from the FAQs, you use a smartphone and magnetic stripe reader to copy the data from a card onto this device. The device then writes the data to the magnetic stripe based on what card you choose from it's menu.
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The homepage is weirding me out. :o
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I wouldn't say it's dumb, it just has very niche appeal.
Also, lol America still doesn't have chip & pin.
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Also, lol America still doesn't have chip & pin.
We're just letting you guys beta-test it for us.
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Also, lol America still doesn't have chip & pin.
We're just letting you guys beta-test it for us.
Beta was over a couple years ago. Its all about tap to pay now.
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I don't think I've swiped a card in years.
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I'm assuming that because it sends out a low power Bluetooth signal and has the little button and selector screen it uses power. Does this mean you have to charge it? Imagine being in a restaurant and saying "Sorry, I forgot to charge my credit card".
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I'm assuming that because it sends out a low power Bluetooth signal and has the little button and selector screen it uses power. Does this mean you have to charge it? Imagine being in a restaurant and saying "Sorry, I forgot to charge my credit card".
It can't be charged. You are required to send it back and buy a new one.
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I'm assuming that because it sends out a low power Bluetooth signal and has the little button and selector screen it uses power. Does this mean you have to charge it? Imagine being in a restaurant and saying "Sorry, I forgot to charge my credit card".
It can't be charged. You are required to send it back and buy a new one.
And that's the end of that.
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https://onlycoin.com/
Anyone else think this is a really dumb idea?
Apparently CNN and NY Times do:
http://money.cnn.com/2013/11/17/technology/innovation/coin-startup-credit-card/
http://bits.blogs.nytimes.com/2013/12/10/be-careful-with-coin/?_php=true&_type=blogs&_r=0
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I think if you wanna do this stuff, use a smartphone with near field transmission.
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Meh. We've struggled with the concept of electronic currency and payment for ages now. This is just another iteration.
We already have "contactless" payment cards in the UK. (http://www.barclays.co.uk/Helpsupport/Barclayscontactlessdebitcards/P1242561764200)
But I suggest you, Usamerica, get chip and pin first before you go swanning off with some weird uber card with a casio digital watch built in.