Hate the dumbed down nature of the video (do you really need to explain "credit-card size" so much). The only thing you need is a smart card, like the openPGP card, that stores a small wallet in secured storage and that can make transactions. (Wallet on smart card can be smallish and should be backed up to your desktop so you can move money on and off the card)
Here is how it would work:
1) POS terminal connects to smartcard telling it the amount and the address to send to
2) Smartcard makes transaction and gives it back to the POS terminal (smartcard could be made with a small display for amount and a confirm button so user could verify request before proceeding)
3) POS terminal verifies that it is valid (inputs have the necessary amounts to cover outputs, etc) and uploads transaction to Bitcoin network
4) Profit! <-- Literally
Topic: bitcoincard.org - page 16. (Read 29276 times)
Correct me if I'm wrong but Ad-hoc Bitcoin blockchain is MintChip.
Nah... it just needs private keys and a way to check balances and send transactions. You could have a few trusted servers that sign all messages to verify they haven't been altered.
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Charlie said he used the device, he didn't say it even sends/receives bitcoins. It's a really cool concept but it's not going to work for bitcoin, and the fact that it won't work for Bitcoin is probably why you don't see anything on their website but a video that doesn't refer to bitcoin at all.
Correct me if I'm wrong but Ad-hoc Bitcoin blockchain is MintChip.
Correct me if I'm wrong but Ad-hoc Bitcoin blockchain is MintChip.
I hope this happens.
-vaporware. why can't anybody just release product anymore without creating hype first
1. People with capital to make a product reality rarely innovate.
2. People who innovate rarely have the capital to make the product a reality beyond a few demo devices.
3. Investors are freaked out right now, and it's going to get worse before it gets better.
4. If you can show enough interest (note the "sign up" link),you can convince investors you might have a shot in this rough economic scenario.
5. Even with interest, I would think this would be a tough sell since it needs a huge density of users to be effective. Unless they can give them away and make money from transactions or something I don't see it happening. If they can give them away, I would like 1000 to give away, as well as 10 or so ethernet bridges for people to give internet connectivity to the ad-hoc network.
-vaporware. why can't anybody just release product anymore without creating hype first
Do you have a better way of getting investment money without working??
Awesome except
-zero technical info given, none of us can determine what kind of MITM or potential spamming can be done with it
-hinted at possible tracking and user data mining in the video
-says transactions are 'encrypted' but no info about the text messages
-FCC is impossible to deal with, which is why wireless and radio chip manufacturers in Asia have to come up with binary blobs to deliberately sabotage their own hardware in order to comply with FCC rules, so will probably never be released in the states
-vaporware. why can't anybody just release product anymore without creating hype first
-zero technical info given, none of us can determine what kind of MITM or potential spamming can be done with it
-hinted at possible tracking and user data mining in the video
-says transactions are 'encrypted' but no info about the text messages
-FCC is impossible to deal with, which is why wireless and radio chip manufacturers in Asia have to come up with binary blobs to deliberately sabotage their own hardware in order to comply with FCC rules, so will probably never be released in the states
-vaporware. why can't anybody just release product anymore without creating hype first
more information how is work is here and join the discussion any suggestion welcome
"Dedicated bitcoin devices - dealing with untrusted networks"
https://bitcointalksearch.org/topic/m.865040
"Dedicated bitcoin devices - dealing with untrusted networks"
https://bitcointalksearch.org/topic/m.865040
Great, a Bitcoin tracking device. I wonder which government agency is funding this.
Watching the video, I assumed this was just a stock promo from the card manufacturer, but if you look closely it actually says "bitcoincard.org" on there. So that's interesting.
And I'm going to have to also request pics because this looks like complete vaporware.
Watching the video, I assumed this was just a stock promo from the card manufacturer, but if you look closely it actually says "bitcoincard.org" on there. So that's interesting.
And I'm going to have to also request pics because this looks like complete vaporware.
Agree. "Pics or it didn't happen!" This is too good to be true.
Great, a Bitcoin tracking device. I wonder which government agency is funding this.
Watching the video, I assumed this was just a stock promo from the card manufacturer, but if you look closely it actually says "bitcoincard.org" on there. So that's interesting.
And I'm going to have to also request pics because this looks like complete vaporware.
Watching the video, I assumed this was just a stock promo from the card manufacturer, but if you look closely it actually says "bitcoincard.org" on there. So that's interesting.
And I'm going to have to also request pics because this looks like complete vaporware.
So when can we expect the first real life video of this?
Umm...I've actually used the product, held it, and met the creators...a few days ago
I think you'd understand if we all said "pics or didn't happen".
Heh, of course.
If you check twitter https://twitter.com/#!/search/realtime/bitcoincard you can see people who tweeted it while the presentation was being shown.
In addition, Tony from Bit-Pay was there, Jered from TradeHill, Patrick from Intersango, and a few others were there.
...Just ask them
rofl yes the card that knows everything about you and sells your information to the lowest bidder has great appeal to the average bitcoin nerd
Umm...I've actually used the product, held it, and met the creators...a few days ago
I think you'd understand if we all said "pics or didn't happen".
whoa!! i couldn't even have dreamed of a cooler device!!
if it transmits wirelessly it'll probably get hacked pretty darn quick, but i guess if this card is advanced enough to change the firmware that could be fixed..
if it transmits wirelessly it'll probably get hacked pretty darn quick, but i guess if this card is advanced enough to change the firmware that could be fixed..
Well yeah, don't get excited too quickly. Because to me, that technology seems vaporware - someone who doesn't really understand how to build technology has gotten couple of really cool ideas, and has made this video. And now he/she is looking for funding. It is all good, but the card is _very_ unrealistic to me.
Umm...I've actually used the product, held it, and met the creators...a few days ago
All the advertising shit at the end pisses me off. I hope that is strictly opt-in, and can be disabled. However, I recognize that that is probably the only thing that will sell it to big businesses. 
whoa!! i couldn't even have dreamed of a cooler device!!
if it transmits wirelessly it'll probably get hacked pretty darn quick, but i guess if this card is advanced enough to change the firmware that could be fixed..
if it transmits wirelessly it'll probably get hacked pretty darn quick, but i guess if this card is advanced enough to change the firmware that could be fixed..
Well yeah, don't get excited too quickly. Because to me, that technology seems vaporware - someone who doesn't really understand how to build technology has gotten couple of really cool ideas, and has made this video. And now he/she is looking for funding. It is all good, but the card is _very_ unrealistic to me.
Yankee (BitInstant) says its for real
A few Bitcoiners and I are meeting the guys behing BitcoinCard in Europe at the end of the month to talk about US Distribution.
Will keep you all updated!
are you saying this card is for real?
sounds like something out of science fiction movie!
Oh its for real! I was playing around with it at Future of Money Summit on Monday.
The dudes are super cool and LOVE BITCOIN.
Here is his twitter https://twitter.com/#!/shurakuzmin
whoa!! i couldn't even have dreamed of a cooler device!!
if it transmits wirelessly it'll probably get hacked pretty darn quick, but i guess if this card is advanced enough to change the firmware that could be fixed..
if it transmits wirelessly it'll probably get hacked pretty darn quick, but i guess if this card is advanced enough to change the firmware that could be fixed..
Well yeah, don't get excited too quickly. Because to me, that technology seems vaporware - someone who doesn't really understand how to build technology has gotten couple of really cool ideas, and has made this video. And now he/she is looking for funding. It is all good, but the card is _very_ unrealistic to me.
whoa!! i couldn't even have dreamed of a cooler device!!
if it transmits wirelessly it'll probably get hacked pretty darn quick, but i guess if this card is advanced enough to change the firmware that could be fixed..
if it transmits wirelessly it'll probably get hacked pretty darn quick, but i guess if this card is advanced enough to change the firmware that could be fixed..
A few Bitcoiners and I are meeting the guys behing BitcoinCard in Europe at the end of the month to talk about US Distribution.
Will keep you all updated!
are you saying this card is for real?
sounds like something out of science fiction movie!
Oh its for real! I was playing around with it at Future of Money Summit on Monday.
The dudes are super cool and LOVE BITCOIN.
Here is his twitter https://twitter.com/#!/shurakuzmin
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