Earlier quoted context omitted.
Say you have 10k stolen cards...now its easy to carry them all.
"Flash Memory (up to 20 cards)" Good luck with that.
So you're reducing the number of cards you have on you by 1/20.
Plastc Card
131–140 of 356 posts
Re: Plastc Card
#132What need does this address? Are cards taking up too much room in people's lives? This solution doesn't reduce the height or width of the encumbrance at all, and reduces the depth only by n*.76mm, where n is the number of cards that will be replaced. I don't get it. Also, http://c2.com/cgi/wiki?TheZenOfProgramming
In theory, this could enable one time use magnetic stripe data, which would solve many security problems. I could get this instead of waiting until all merchants support chip and pin (which is never going to happen in the US).
Credit card companies could incentivize merchants to do so by offering better rates on chip and pin, or by only offering worse rates without it the next time a contract is renewed.
Re: Plastc Card
#133Sweet Jesus that was an annoying promo video.
Re: Plastc Card
#134Hmm, I thought this might be what Coin turned into but I see that onlycoin.com is still taking pre-orders for their all-in-one card. I get the consumer appeal but find the appeal for the banks less strong. I would love a one time credit card app where every time you swiped it, it changed numbers. And it seems making the card 'smart' like this could enable that sort of thing.
Has anyone received their Coin? I ordered in December and still have yet to receive it.
They are rolling it out very slowly. You should've received details in your email about the rollout. I have a friend who has received his already.
Re: Plastc Card
#135Totally unrelated, but the model from the Facial Authentication video has beautiful oceans for eyes making everyone want to drown in them...
Re: Plastc Card
#136What need does this address? Are cards taking up too much room in people's lives? This solution doesn't reduce the height or width of the encumbrance at all, and reduces the depth only by n*.76mm, where n is the number of cards that will be replaced. I don't get it. Also, http://c2.com/cgi/wiki?TheZenOfProgramming
It serves the company's need to insert itself into the financial data stream. You know the story: "It's a $2 trillion industry - imagine if we just captured a fraction of that! Step 3: profit." For users, this must be some retro fad jumping the gun. Given the value of the transaction data going through this thing, it should be free at worst.
I think it's safe to say they're charging for it because they haven't raised the money to develop and manufacture the thing.
Re: Plastc Card
#137What need does this address? Are cards taking up too much room in people's lives? This solution doesn't reduce the height or width of the encumbrance at all, and reduces the depth only by n*.76mm, where n is the number of cards that will be replaced. I don't get it. Also, http://c2.com/cgi/wiki?TheZenOfProgramming
This and Vessyl feel like the harbingers of Silicon Valley doom. Products that solve no meaningful problem and cost orders of magnitude more than their 'dumb' alternatives. A waste of good brains.
Is that satire? I'm not kidding... To a British mindset that video on https://www.myvessyl.com/ feels exactly like satire.
Re: Plastc Card
#138The moment they said "you recharge it" I closed the video
Re: Plastc Card
#139Earlier quoted context omitted.
This and Vessyl feel like the harbingers of Silicon Valley doom. Products that solve no meaningful problem and cost orders of magnitude more than their 'dumb' alternatives. A waste of good brains.
Is that satire? I'm not kidding... To a British mindset that video on https://www.myvessyl.com/ feels exactly like satire.
Sadly not. A cup that tells you what you just poured into it is a real product.
Re: Plastc Card
#140Earlier quoted context omitted.
That's exactly what I came here to say - if this can do chip and PIN, then can't we assume chip and PIN is broken? Cloning a mag stripe is trivial, cloning chip and PIN should be as close to impossible as is feasible.
For the record, Chip and PIN is kind of broken... • "Chip and PIN is Broken" (Murdoch/Drimer/Anderson/Bond, 2010) [PDF] http://www.cl.cam.ac.uk/~sjm217/papers/oakland10chipbroken.p... • "Chip and PIN is Broken" (Murdoch, 27C3, 2010) [Video]: http://www.youtube.com/watch?v=Ks_w352BS-Q • "Chip & PIN is definitely broken" (Barisani/Bianco/Laurie/Franken, 2011) [Video]: http://www.youtube.com/watch?v=JABJlvrZWbY ...and s…
In the US, the big benefit of Chip and PIN will be that retailers don't have any credit card information to store.