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Coin

onlycoin.com

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Re: Coin

#521

Post by unfasten »

dakrisht wrote: post #439
zymhan wrote: post #414

Earlier quoted context omitted.

() Battery issues with digitizing a non-battery product (credit card). Be in no doubt that more than half of users will forget to charge their credit card (as if we don't have enough things to charge). So you'll see people having lunches and presenting a dead Coin. And since you don't have any plastic, well, now you're screwed. Clearly you didn't read the site. Maybe you should pay more attention to things you critic…

As someone who's been actively involved in engineering Bluetooth LE devices, believe me, with constant daily usage, it will NOT last 2 years. There are so many factors involved with BLE, not just limited to usage, but with respect to range, environmental conditions, etc. What's your point? None I actually forgot to add something to my original critique: if your device (iPhone) dies, and Coin isn't authenticated you c…

>Comments on their FAQ like "Should last"

They quite clearly state the usage pattern for the 2 year figure. From said FAQ site (https://onlycoin.com/support/faq/)

    Q. How do you figure that a Coin will last 2 years? What constitutes
    normal usage?

    A. Here’s how we modeled typical usage. On a daily basis, we assume
    you’ll toggle which card you want to use and swipe your Coin 10-20 times
    a day. In addition, you may adjust which cards you want to store on your
    Coin a few times a week. Initially when you’re getting to know your Coin
    you will likely be syncing often. Over time we find that most people
    sync much less frequently once his or her cards are on a Coin. If you
    swipe and sync more frequently on a consistent basis, your Coin’s
    battery will drain more quickly.

Re: Coin

#522

Post by blazingfrog2 »

Anybody else feeling uneasy about committing to spending serious cash immediately for a scheduled delivery 7-10 months away for something that could have many legal ramifications (with the associated delays)?

At $50/card, with anywhere from 5 to 15 cards, it quickly adds up...

Re: Coin

#523

Post by jhandl »

kevincrane wrote: post #201
jhandl wrote: post #190

Earlier quoted context omitted.

I love the idea behind Coin but what I need is a fat wallet. I carry 19 cards, of which 16 are essential. Some of them are not for swiping so they wouldn't benefit from Coin. The solution for me is a wallet that can hold 20 to 30 cards, but as far as I can tell there's no such thing.

Out of curiosity, what do you do that requires 16 cards on a regular basis? At some point, the limiting factor of how many cards you can carry becomes your pant pocket (or purse). My jeans wouldn't stand more than a few cards and far less than 30.

I carry two government-issued ids; one driver's license; two medical ids; three credit cards, two debit cards and two coordinate cards (two-factor auth) related to three bank accounts; my mother's two debit cards and one medical id (she's elderly and I take care af all her needs); and one medical emergency info card. That's 16. Membership and discount cards are the non-essential ones.

I do have all of those cards scanned and stored in dropbox with 1password, but I don't have good 3g coverage so I carry them just in case.

I carry my fat wallet in a fanny pack. Not very elegant, but incredibly practical.

Re: Coin

#524

Post by tonyfelice »

huhtenberg wrote: post #224
tedivm wrote: post #199

Earlier quoted context omitted.

Many credit card companies are starting to issue new cards which are completely flat, making it impossible to make imprint. My new CapitalOne card is an example of this. Is your company planning on refusing to do business with them?

These are "electronic" credit cards, they've been around for years and they are flat so not to be usable for offline processing (that's when they take an imprint, you sign it, they take the imprint to the bank and it settles in a week).

> "for offline processing"

Agree, SUPER clever idea. I'm wondering how this would work to make purchases _online_. I know, I know. I'd use my real card. But it strikes me as ironic that the big idea for this digital card is that I don't have to carry my 'analog' cards around. Unless I want to make a digital purchase. Then I need my analog card.

Re: Coin

#525

Post by delive »

rmc wrote: post #285
Nursie wrote: post #219

Earlier quoted context omitted.

I don't know why the US hasn't adopted EMV. It's not perfect, but it has cut down fraud massively here in Europe. They're very hard to clone (I won't say impossible, but attacks against EMV have not generally been of this nature) and the transaction records at both ends will tell you whether the actual, real card was there. The liability is more clear-cut as a result. If the customer claims the charge was unauthorise…

Americans going to Europe: Remember that your credit card might not work as often in Europe. Be prepared for hearing "We only take chip & pin cards here" in shops etc.

I've had the same issue in the past which can be frustrating (though now I always travel with enough cash).

I actually called Visa about it and they told me that any vendor accepting Visa transactions is required by their contract with Visa to accept swipe transactions. She said it was there because the US was still rolling out chip and pin cards.

Re: Coin

#526

Post by daemin »

taude wrote: post #250
kevincrane wrote: post #201

Earlier quoted context omitted.

Out of curiosity, what do you do that requires 16 cards on a regular basis? At some point, the limiting factor of how many cards you can carry becomes your pant pocket (or purse). My jeans wouldn't stand more than a few cards and far less than 30.

Here's my list: * Costco membership card * three loyalty shopper cards for my common stores (I need the physical card because none of the apps I've tried using that scan the bar codes work with store scanners) * a card to pay for my train rides, * bank debit card for ATMS * business credit card * personal credit card * medical insurance card (this one would be easy to just use a photo of) * AAA card (would be easy to…

So far I can recommend a wallet from SaddleBack leather. solid construction and it does get soft after half a year of use.

Though because of the size I keep mine in my front pocket, also handy as I believe it lessens the chance of having it pick-pocketed.

Re: Coin

#527

Post by jhandl »

pbreit wrote: post #235
jhandl wrote: post #190

Earlier quoted context omitted.

I love the idea behind Coin but what I need is a fat wallet. I carry 19 cards, of which 16 are essential. Some of them are not for swiping so they wouldn't benefit from Coin. The solution for me is a wallet that can hold 20 to 30 cards, but as far as I can tell there's no such thing.

16 "essential" cards? And most/all are mag-stripe and could go on coin? I have a DL and a credit card. Everything else can be easily stored on my phone.

Answered elsewhere but the Coin is not a good idea for reasons also answered elsewhere (merchants wouldn't take it, your account could be flagged, etc).

Re: Coin

#528

Post by btgeekboy »

tonyfelice wrote: post #524
huhtenberg wrote: post #224

Earlier quoted context omitted.

These are "electronic" credit cards, they've been around for years and they are flat so not to be usable for offline processing (that's when they take an imprint, you sign it, they take the imprint to the bank and it settles in a week).

> "for offline processing" Agree, SUPER clever idea. I'm wondering how this would work to make purchases _online_. I know, I know. I'd use my real card. But it strikes me as ironic that the big idea for this digital card is that I don't have to carry my 'analog' cards around. Unless I want to make a digital purchase. Then I need my analog card.

Wouldn't you have the image of the card in your phone anyway? So, your analog card would still be in the drawer at home, just as before.

Re: Coin

#529

Post by brotchie »

bloopletech wrote: post #503
Nursie wrote: post #219

Earlier quoted context omitted.

I don't know why the US hasn't adopted EMV. It's not perfect, but it has cut down fraud massively here in Europe. They're very hard to clone (I won't say impossible, but attacks against EMV have not generally been of this nature) and the transaction records at both ends will tell you whether the actual, real card was there. The liability is more clear-cut as a result. If the customer claims the charge was unauthorise…

In Australia, we've even moved beyond EMV; the majority of merchants now accept Visa PayWave and MasterCard PayPass for tap-and-go. [edit: Oh, and all my debit/credit cards are now paywave/paypass enabled, and they are all from the big 4/5 banks] The Coin page doesn't mention this at all; does it have this? If not, it sounds like a step backwards.

I was thinking the same thing. A full 60% of MasterCard and Visa transaction are now paywave/paypass. That's pretty impressive uptake, and I'd imagine it will be just as quick one introduced en-mass overseas. Would love to know Coin's development path for this eventuality!

"Australia leads the world in contactless payments, which have grown from almost zero three years ago to more than 35 million transactions a month and now account for 60 per cent of all MasterCard and Visa credit card transactions, according to Westpac."

http://www.theland.com.au/news/agriculture/agribusiness/gene...

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