Coin (not to be confused with bitcoin)
« on: March 22, 2014, 04:19:12 PM »
https://onlycoin.com/

Anyone else think this is a really dumb idea?

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Offline Rushy

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Re: Coin (not to be confused with bitcoin)
« Reply #1 on: March 22, 2014, 04:28:40 PM »
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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Offline Parsifal

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Re: Coin (not to be confused with bitcoin)
« Reply #2 on: March 22, 2014, 04:29:16 PM »
The homepage contains no actual information about what it is, so I lost interest and closed the tab.
when you try to mock anyone while also running the flat earth society. Lol

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Offline Lemon

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Re: Coin (not to be confused with bitcoin)
« Reply #3 on: March 22, 2014, 05:18:57 PM »
Maybe the next pseudo-hipster device can pick an even more awkward actor.
NOTHING TO SEE HERE. IGNORE RAMA SET.

Re: Coin (not to be confused with bitcoin)
« Reply #4 on: March 22, 2014, 05:30:07 PM »
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.

Ghost of V

Re: Coin (not to be confused with bitcoin)
« Reply #5 on: March 22, 2014, 05:47:51 PM »
The homepage is weirding me out.  :o

Offline Blanko

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Re: Coin (not to be confused with bitcoin)
« Reply #6 on: March 22, 2014, 05:50:51 PM »
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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Offline markjo

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Re: Coin (not to be confused with bitcoin)
« Reply #7 on: March 22, 2014, 06:03:24 PM »
Also, lol America still doesn't have chip & pin.
We're just letting you guys beta-test it for us.
« Last Edit: March 22, 2014, 06:05:26 PM by markjo »
Abandon hope all ye who press enter here.

Science is what happens when preconception meets verification.

If you can't demonstrate it, then you shouldn't believe it.

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Offline Rama Set

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Re: Coin (not to be confused with bitcoin)
« Reply #8 on: March 22, 2014, 06:09:31 PM »
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.
You don't get races of anything ... accept people.

Re: Coin (not to be confused with bitcoin)
« Reply #9 on: March 22, 2014, 06:57:23 PM »
I don't think I've swiped a card in years.

Thork

Re: Coin (not to be confused with bitcoin)
« Reply #10 on: March 22, 2014, 07:13:04 PM »
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".

Re: Coin (not to be confused with bitcoin)
« Reply #11 on: March 22, 2014, 09:20:16 PM »
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.

Thork

Re: Coin (not to be confused with bitcoin)
« Reply #12 on: March 22, 2014, 09:22:22 PM »
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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Offline markjo

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« Last Edit: March 22, 2014, 09:33:56 PM by markjo »
Abandon hope all ye who press enter here.

Science is what happens when preconception meets verification.

If you can't demonstrate it, then you shouldn't believe it.

Re: Coin (not to be confused with bitcoin)
« Reply #14 on: March 22, 2014, 09:51:10 PM »
I think if you wanna do this stuff, use a smartphone with near field transmission.

Re: Coin (not to be confused with bitcoin)
« Reply #15 on: March 23, 2014, 03:04:43 PM »
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.

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.