Topic: [ANN] [COINO] KGW ACTIVATED - WALLET UPDATE ▬► COINO -(O)- ◄▬ The fastest Coin - page 22. (Read 233804 times)

yes the article is true..

and now in crypto rush COINO just 380 satoshi..
https://cryptorush.in/index.php?p=trading&m=COINO&b=BTC
its to hard for comeback...

Issuer's are licensed by Visa or Mastercard to issue cards.  You could make prepaid cards through an issuer and many have done that before.  But, that isn't what the roadmap promised.  It made specific mention of you putting Coino into an account and then as the transaction happens it converts and pays. 

To accomplish the roadmap, you would need to be an issuer.  That does mean dealing with Mastercard and having a substantial volume.  When all the Coino in the world is worth $25,000USD it going to be hard to raise the application fee.

I suggest you just call up Mastercard and become an issuer.  The world will beat a path to your door when you do.

Let me know how that goes for you.

It's not Mastercard or Visa you deal with directly, you go to an issuer to make the cards. I could make a Mastercard that says "cumbucket" on it and still not even talk to mastercard.

That would be a very good future.  We don't ask more than that of our fiat.  We want to use it to get what we want, when we want it.  Not an hour later.

The miracle it needs is someone taking it as payment for something useful.  It is on enough exchanges already.  

There isn't much room left before it hits 1 satoshi.  Once that happens, its a big problem for a come back.

An interesting article today:
http://www.cryptoscribe.com/market-trends/premature-multi-listing-destroys-new-coin-prices/

Then the only future for this coin is to be a fast transaction vehicle, and nothing else.

EDIT : Visa and Mastercard don't issue the cards as far as I know, it is the local bank that does. Surely they would facilitate such a venture? If not, then this coin's future is the toilet.

so deep, so drama.. every time rate low and low..
we just can look and hope for a miracle..
lets pray... ckckck

There are a bunch of reasons why this will never, ever happen.  Not the least of which is the fact that digital currency is a direct competitor of Visa and Mastercard.  Anyone dreaming of a day when coino cards carry a Visa or Mastercard logo can just stop.  It simply won't happen.

If you need a longer list of compelling reasons why this was never realistic, PM me.

Congratulations, bgade, for your work.

Well that's not exactly true about the coino cards not working world wide. It would be a Mastercard issued card which would work with any mastercard POS system, which is world wide. I'm with TD Canada Trust and if I went somewhere like Australia, TD offers a world wide service so I can use my card at any ATM/POS system, for a fee of course. I also wanted to do something with Coino but the Devs haven't gotten back to me yet after I initially shared my idea with them.

I wouldn't say Coino is dead YET, I'm waiting until the first week of April to see if they deliver on their roadmap timeline with the online wallet and payment gateway.

Good luck with that.

The more likely scenario is we swallow the loss.
We know there are 2 million pre-mined coins and we factor in the fact that they will be dumped at some point in the future and that will drive down the price again for a short period.

The best scenario would be for the dev's to dump now while the price is low, sell to a big community holder or distribute the coins amongst the community somehow... Not sure how this would happen as trying to devise a fair method for this is always going to piss off a lot of people.

The main problem will be trusting any new dev to hold 2 million coin(O). They have to go into a wallet somewhere - so who owns that ?

My preference : Dump them now... Everybody gets a chance to buy a chunk of them cheep

As I said, if this does not happen we ALL need to be prepared for the scenario that they will be dumped at some point in the future, possible when the value has risen significantly. If we cannot accept this, then we may as well leave now.

If we take coin(O) forward without the current dev's we need to make it ABSOLUTELY clear and upfront to everybody staying with or joining Coin(O) in the future that this is a possibility and thus a risk.
Two million in the grand scale of things is a risk I would be willing to take.

And if the dev abandoned this coin, he must part with the premine. Pass it on to the new dev or a formed steering committee for this coin.

That is alot better than what we had a week ago. Some progress.

Who here knows Visa/Mastercard or has contacts with them so that a deal can be brokered, as the whole point of the visa/mastercard card system is the ability to be used worldwide.

If we can get this working, this will be killer. It would go right at bitcoin's throat.

Someone, somewhere must have the ability or the connections to be able to set this up. I dont have any such connections, but if I had, they would have been invoked already.

vote for coino in new trad every 30minute..
https://www.icurrex.com/coin_poll

Well, not exactly.  See... I don't think there ever were "Coino cards" like the roadmap promised.  I mean it sounded good and its somewhat where I got the idea to use Coino for the POS machine... but the dev's coino cards don't exist.  They really can't as they explained them.  They were to be magic debit cards based in Germany that just happen to work everywhere in the world.  That isn't possible.  You can't even take a debit card from Canada to the USA and have it work, much less one from overseas. 

I wish they had never listed it as part of the roadmap.  It only confuses matters.  Its almost worth switching the POS project over to a different coin just to get away from it! 

I have a stack of Coino Cards sitting beside me now, but they have nothing to do with the Dev and their roadmap.  They are cards we created to work with our machine.  They don't work anywhere but our machines and never will.  There is no magic in them, they are just cards that contain either a magstrip that equates to a stored private key or a chipcard that holds an actual private key. 

The POS machine just gets that information to the backend server which then does the transactions on (or off) the blockchain. 

The simplest way to consider the POS is as a mobile wallet that only holds the keys as long as the card is inserted.  It is PCI compliant in that if you attempt to disassemble the unit to modify it / hack it to insert something to read those keys as they pass through, it destroys the shared key and can no longer communicate with the server.

Thats the same as modern day Visa and Mastercard POS machines.  If you mess with them, they don't work anymore.

It would be simplest if the old dev simply disappeared and didn't come back.  If they do, they will no doubt lie some more about their idea of "coino cards" that don't exist.  That will only further confuse matters.

I did try several times to talk with the dev about the project.  I wanted their blessing and wanted them on board.  I thought it would be a nice way for them to deliver on their roadmap.  But, they have never responded to any of my attempts.  The backend server is up and running and processing transactions without any input from them. 

If there is never any input from the dev again... it won't affect the project. 

Any coin that offers the low transaction time that Coino does would be ideal for the POS project.  Coino just happens to be the one I picked back when it looked like it was going someplace.  Now that its dead in the water, it just makes getting more Coino a lot cheaper to play around with the project.  I do regret when we purchased $500 of coino to have a pile to play with as we work on this project.  But that is a drop in the bucket compared to the equipment investment!

If our project takes off... and big if... stays using Coino, it would no doubt add value back into Coino.

There is already a similar project that does this with Bitcoin.  The idea isn't really new.  Its about doing it faster and cheaper while also making the equipment good for something other than digital currency.  I believe doing those three things better than the original POS project will make this a winner.

Dedicated Coino Mining Pool!  Running on the latest wallet..

http://www.coino.info  

So you're just as stuck with this as the rest of us? I'd assume you couldn't move forward with this POS system without the coino cards right?

Its being developed and tested to work with Coino.  Nothing would stop it from working with the flavor of the week coin type as long as you added support to the back end system. 

Think of it as a different kind of exchange, the same steps that allow an exchange to add another coin type will allow another coin type on the machine. 

The reason Coino was picked to be first was simply about the transaction speed.  Waiting around ten or twenty minutes for bitcoin just doesn't work.  Thirty seconds isn't all that bad...

Even with a slow coin - you just have to decide if you are willing to trust a transaction to complete without waiting around for it.  For low value, maybe you do.  In the current design, most transactions are instant and only those that fall outside of the "trust rules" wait to be fully processed on the blockchain.

I love you all guys

Keep up the good work... I'm getting excited now...

Is this POS for coino only or will it be good for multiple coin types?