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Mint now lets users keep track of their Bitcoins

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Re: Mint now lets users keep track of their Bitcoins

#31

Post by damon_c »

jacalata wrote: post #22
damon_c wrote: post #3

Earlier quoted context omitted.

Ha, yes... and support for not counting money transferred from savings to checking as income would be nice too.

Is your savings account tracked by mint? Because I do this all the time and I don't see it listed as income, it's a transfer.

Maybe it depends on specifics. Mint must have some heuristics that attempt to discern whether or not a transaction is a symmetric internal transfer and they work for some and not for others. It's not an easy problem, given the zillion variables and different banks etc. but after all these years and witnessing the choices they've made on where to allocate resources it's hard to give them the benefit of the doubt.

Re: Mint now lets users keep track of their Bitcoins

#32

Post by cddotdotslash »

lowglow wrote: post #5

Does anyone think there is room for a new mint-like service?

If you're serious about financial tracking and don't mind paying $100 a year, there's a site called PocketSmith [0] that's a beautiful, clean, and fuller-featured version of Mint. They have a free version but it only supports credit card accounts and 12 budget categories. I just started using it two days ago and it blew me away.

[0] http://pocketsmith.com

Re: Mint now lets users keep track of their Bitcoins

#33

Post by epaladin »

higherpurpose wrote: post #12
DLarsen wrote: post #10

Earlier quoted context omitted.

As a hobby project, I'm working on a tool to help improve spending habits. I'm not crazy enough to imagine I'd ever reach feature parity with mint, but I personally know plenty of folks who use the well known personal finance tools yet seem to make a lot of careless purchases they later regret. And while mint is fine for what it does, I don't think it really points you in the direction of disciplined, thoughtful spen…

I think gamification of "saving habits" would be very interesting - something to encourage you to save more. But it shouldn't take a lot of time to set-up or be confusing. If it would be automatic, even better.

The set up time is important- it seems to take too long to really get Mint set up to the point where it's useful, and then you still spend a lot of time recategorizing transactions so that you can know where your budgets really stand. I know that's not an easy problem to crack, but something with less detail that can encourage better overall spending/earning/savings trends would be pretty useful.

Re: Mint now lets users keep track of their Bitcoins

#34

Post by orblivion »

EdJiang wrote: post #15

This integration is NOT SECURE. Mint asks for your API key, which Coinbase implements rather poorly. Your API key will grant any application FULL ACCESS to your Coinbase account, so if Mint gets compromised, the attacker can send your Bitcoin to another account. And Bitcoin transactions are irreversible. Yes, you do give Mint your bank account credentials, but if someone steals your username/password and use it to se…

Why do they need Coinbase? Just give them your address, which is public information anyhow.

Re: Mint now lets users keep track of their Bitcoins

#35

Post by WesleyJohnson »

ilyanep wrote: post #11
usaphp wrote: post #9

Earlier quoted context omitted.

And the money withdrawn from PayPal account to bank account.

And realizing that my credit card bill that's due Feb 2nd was paid a month ago.

This is my biggest issue with them: bill payments. They don't match up bill reminders with transactions. So, as you said, something you've paid still shows up as due and once the due date goes by, if you haven't paid it, it just disappears off your list even though it's still outstanding. They really need to fix this.

Re: Mint now lets users keep track of their Bitcoins

#37

Post by deskamess »

orblivion wrote: post #34
EdJiang wrote: post #15

This integration is NOT SECURE. Mint asks for your API key, which Coinbase implements rather poorly. Your API key will grant any application FULL ACCESS to your Coinbase account, so if Mint gets compromised, the attacker can send your Bitcoin to another account. And Bitcoin transactions are irreversible. Yes, you do give Mint your bank account credentials, but if someone steals your username/password and use it to se…

Why do they need Coinbase? Just give them your address, which is public information anyhow.

I think if you are using an exchange your coins are not really in a known address. The exchange probably stores your coins, along with others, in many of its wallets.

However I do see how the ledger comes into play for your personal coin addresses. That is actually a powerful concept and pretty cool.

From a Mint perspective adding meta-data for coin transactions would be a good start to help categorize coin spends/receives. Another approach would be well known receive address sets. For example 'Grocery Store X' would have one (or multiple) well known 'receive addresses' that Mint could categorize appropriately.

Re: Mint now lets users keep track of their Bitcoins

#40

Post by phoen »

esamek wrote: post #39
lowglow wrote: post #5

Does anyone think there is room for a new mint-like service?

www.hellowallet.com If anyone is interested in an account with us for user research, leave a reply. It's normally $100 a year. I'll circumvent that.

I'd like to give it a go.
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