Earlier quoted context omitted.
Credit/Debit Card can be replaced on the spot at some bank.
But then I have to go to the bank. I'd rather have a chip in my arm.
I just call the bank and tell them that I need to get a new card :)
Coin: A step in the wrong direction
131–140 of 193 posts
Re: Coin: A step in the wrong direction
#132This makes my wallet thinner. This requires no changes from existing merchants or their infrastructure. I approve.
Re: Coin: A step in the wrong direction
#133Not sure why people on HN are up voting an article putting down a new YCombinator.
Even if it's valid, which I don't think it is it's not really what HN should be about.
It's not constructive criticism since it basically writes a company off.
Even the legal issue is BS. So what if it's not 100% kosher if they get away with it, good on them. All companies when they start take risks.
Re: Coin: A step in the wrong direction
#134Somebody better call Kickstarter...
Re: Coin: A step in the wrong direction
#135I wonder how this will work at places that require a card to be signed. On the back of my cards, it says "Not Valid Without Authorized Signature".
Re: Coin: A step in the wrong direction
#136"Update: I've been currently gagged/banned from responding to HN comments. Sorry." For what it's worth, this is false.
Cool. I didn't know if it was a bug or I was actually gagged/filtered, but my reply button disappeared, then later reappeared. Glad I wasn't banned. :)
There is a gradually increasing delay before the reply link appears, depending on the depth of nesting of the thread. It's intended to create drag on flamewars.
Re: Coin: A step in the wrong direction
#137Earlier quoted context omitted.
> One is this has been done before, exact same approach, and it did not work out because the card issuers didn't buy in The card issuers don't have to buy in to anything. You program the Coin yourself using your existing cards. > I use two cards on a regular basis. I have others but rarely need to carry them with me. So I can reduce two slots in my wallet to one. Doesn't seem like enough of a benefit to me. Ah, the o…
>cashiers have never so much as glanced at my cards Depends on where you shop. Some stores (particularly big box stores -- Best Buy comes to mind) always ask to see the card and ID. If they do, it's a showstopper for it to not be real. There's NO WAY a store with that policy would let you buy something with an anonymous black "card". Not only does this scream "FRAUD!", it almost certainly WILL be used for fraud, almo…
> Some stores (particularly big box stores -- Best Buy comes to mind) always ask to see the card and ID
It seems odd that big stores would require this, since this is explicitly forbidden in the merchant agreements. Also, I've never experienced this myself in the US.
1. http://www.mastercard.us/support/problems-using-mastercard.h... "A merchant must not refuse to complete a transaction solely because a cardholder refuses to provide additional identification information."
Re: Coin: A step in the wrong direction
#138Earlier quoted context omitted.
I'm curious what you need four credit cards for though. I can see maybe a personal one and a business one, but what are the others for?
I have a Delta AmEx that I use to get miles. This card also has my biggest limit. When people don't take AmEx, I use my older Discover card. This has my second biggest limit and second best rewards. When they don't take that, I use my Chase Visa card, which has a pretty small limit and pretty crappy rewards. I also have my first card, a Capital One Visa card, which I keep around because there's a cool picture on it.…
And how are 4 cards a problem?
Honest question. I also have 4 cards. They don't thicken my wallet, they weigh nothing, and.. I never had a problem pulling the one I want on first try.
I mean, even in terms of 'first world problems', turning my 4 cards into 1 would never even have occurred to me.
Replacing them with a card that will one day make me say "Sorry can't pay, looks like the battery in my CC went flat" seems outright ridiculous.
Re: Coin: A step in the wrong direction
#139Earlier quoted context omitted.
Some of the 'hate' is coming from places (eg. Canada) that have already moved on to chip cards (which won't and probably can't work with this) and are now slowly moving on to nfc. It's just already late for this kind of development. 5 years ago? I'd have been all over this. Now? I'm just waiting for Apple to adopt NFC so we can all move forward on better solutions.
Their FAQ says that future versions will support chip cards. https://onlycoin.com/support/faq/
Wow, this is a huge red flag to me that I missed the first time I looked at the site. There is absolutely no way they're going to be able to support cloning EMV cards. Maybe they mean something else, that the'll support EMV in coin so long as the data comes from somewhere else (eg the card issues partner with them). But without stating more details it's very misleading.
Re: Coin: A step in the wrong direction
#140Would you like a faster horse or a horseless carriage?