The audio jack is on the top of the iPhone. What's it hooked up to in that picture?
Looks like an ipod touch to me.
Squareup
41–50 of 158 posts
Re: Squareup
#42Earlier quoted context omitted.
a begger in a big town like NYC can clear 90-120K no problem.
In order to make $90,000 begging, you would have to get $250 every day of the year. This seems highly unlikely. I'd say most beggars make more like $20 a day, but I'm just doing armchair science here.
yes but you have to look at the density of people.
$250 every day = $25/hour if you "work" 10 hours a day. So 1 person donating $1 every 2.4 minutes.
In that 2.4 minute period, there are probably 1,000 people walking by. Is it really that far fetched, that 1 out of those 1,000 people will "give back"? Especially in a city like New York where there are plenty of high income individuals?
Re: Squareup
#43Earlier quoted context omitted.
a begger in a big town like NYC can clear 90-120K no problem.
In order to make $90,000 begging, you would have to get $250 every day of the year. This seems highly unlikely. I'd say most beggars make more like $20 a day, but I'm just doing armchair science here.
I knew a busker who made £20 per hour in a city with 300,000 population, this is around $30 per hour.
Re: Squareup
#44Re: Squareup
#45CEO is Jack Dorsey of Twitter fame.
I don't understand this comment, is this a statement or a swipe at him?
Re: Squareup
#46They also have a github repo up: http://github.com/square
Re: Squareup
#47This sounds like a money grab business to me. They'll launch, make a couple hundred mil, then they'll get hit with fraud, a ton of people will lose money, and they'll be forced to shut down, since noone will want to use the service, in fear of getting defrauded. Since there is no barrier to entry, it'll be like 2 weeks before someone comes out with a black market version, that will look exactly the same, but instead…
I didn't vote you down, but giving them the benefit of the doubt, why don't you think they would address this obvious concern from the start?
Re: Squareup
#48Re: Squareup
#49Does anyone know if this can be used between consumers (like paypal) or if it is vender-to-consumer only?
Re: Squareup
#50This sounds like a money grab business to me. They'll launch, make a couple hundred mil, then they'll get hit with fraud, a ton of people will lose money, and they'll be forced to shut down, since noone will want to use the service, in fear of getting defrauded. Since there is no barrier to entry, it'll be like 2 weeks before someone comes out with a black market version, that will look exactly the same, but instead…
There are regulatory barriers and I'm sure the audio coupler technology they're using is patent-pending.