11–18 of 18 posts
How does the EMV compatibility work? I thought the point of EMV is that you couldn't copy/forge it.
I backed Coin on kickstarter, and am yet to get mine. It was supposed to be in my hands in November after delays, and now it is nearly January and haven't heard a word from them.
I actually just got a shipping notice for my "Beta Coin" yesterday. So at least something is happening.
Five years ago, these would be futuristic. Now, compared to a pure-phone solution, they're retrograde: an extra thing to carry, perhaps useful to interface with legacy, insecure magstripe-readers. "A day late and a dollar short."
I like it when internet folk comment about current technology as legacy because some tiny fraction of its market now uses something new and shiny.
Five years ago, these would be futuristic. Now, compared to a pure-phone solution, they're retrograde: an extra thing to carry, perhaps useful to interface with legacy, insecure magstripe-readers. "A day late and a dollar short."
Do you honestly shop at only places w/ NFC readers? Do you not eat at restaurants? Do you not take cash out at ATMs? I mean - sure Apple Pay is slicker and maybe more secure - but I can not imagine anyone now ditching plastic to go 100% Apple Pay, Google Wallet, whatever. I like it when internet folk comment about current technology as legacy because some tiny fraction of its market now uses something new and shiny.
http://money.usnews.com/money/personal-finance/articles/2014...
I backed Coin on kickstarter, and am yet to get mine. It was supposed to be in my hands in November after delays, and now it is nearly January and haven't heard a word from them.
Five years ago, these would be futuristic. Now, compared to a pure-phone solution, they're retrograde: an extra thing to carry, perhaps useful to interface with legacy, insecure magstripe-readers. "A day late and a dollar short."
Do you honestly shop at only places w/ NFC readers? Do you not eat at restaurants? Do you not take cash out at ATMs? I mean - sure Apple Pay is slicker and maybe more secure - but I can not imagine anyone now ditching plastic to go 100% Apple Pay, Google Wallet, whatever. I like it when internet folk comment about current technology as legacy because some tiny fraction of its market now uses something new and shiny.
Carrying tons of magstripe cards when there were no other options – 5-10 years ago – is the only problem these seem to solve.
I'm fully aware I'm buying into a rather risky and possibly disappointing piece of tech with Coin. That's a risk I was aware of when I paid up, because the potential gain for me is pretty big. I'm always forgetting gift cards, my card looks just like a bunch of my friends, making mix-ups common, and I like to carry as little as possible in my pocket — generally I leave the house now with my license, one card, and a t…
This kind of talk is what bothers me about investment in this industry -- I've never seen anywhere else where people are so OK with no ROI. This is where all the dumb money in SV is coming from.
We've got a couple choices. 1) Wait for companies that have enough R&D budgets to develop something that doesn't directly cost consumers or 2) fund another company to do so.
For #2 it doesn't differ much if that comes from a VC firm or crowdfunding campaign besides the VC firms adding a layer of abstraction.
I agree that we don't see this kind of money flowing around in other industries but you also don't see much change on most industries.
I'm not advocating the VC model or saying that SV spends money on what I believe are the most important problems. But I'm also not seeing how it's dumb money.
Earlier quoted context omitted.
I actually just got a shipping notice for my "Beta Coin" yesterday. So at least something is happening.
Note. Shipping notice does not actually imply actually shipping, as I just discovered from their customer service agent. It just means they've created a shipping label for you and some time in the future (exactly when he didn't know) it will be used to ship you your coin.
