bitinstant paycard - page 11. | Bitcointalksearch.org

thebaron

sr. member

Activity: 434

Merit: 250

Quote from: Domrada on August 19, 2012, 08:08:50 PM

If (1), I would have to whip out a calculator and load the card with just enough funds 60 mins prior to every transaction. Too much hassle.

The security implications of being a storage wallet-to-instant cash service is probably too big of a liability. Between hacking the servers and someone using stolen card numbers...yeah. A bunch of people are gonna whine about losing hundreds thousands of dollars one day and then Bitinstant is fucked. I don't think it would be a smart thing to stray from their business model of being a currency exchange.

cbeast

donator

Activity: 1736

Merit: 1010

Let's talk governance, lipstick, and pigs.

Quote from: Domrada on August 19, 2012, 08:08:50 PM

Question: Does BitInstant convert the BTC to $$ when you:

1) send the BTC to the address on the card,

or when you

2) swipe the card?

If (2), I love it. If (1), I don't see the point. The attraction for me is being able to keep my cash in BTC until I am ready to spend it. If (2), I can pre-load the card with spending money once a week. If (1), I would have to whip out a calculator and load the card with just enough funds 60 mins prior to every transaction. Too much hassle.

~~Bitpay~~ BitInstant isn't the bank back-end on the card. I think he said that you can load the funds and spend them immediately.

Quote from: Phraust on August 19, 2012, 07:44:50 PM

very, very nice. will we be able to submit our own designs for the cards as well? (pretty please!)

+1

Domrada

sr. member

Activity: 254

Merit: 250

Question: Does BitInstant convert the BTC to $$ when you:

1) send the BTC to the address on the card,

or when you

2) swipe the card?

If (2), I love it. If (1), I don't see the point. The attraction for me is being able to keep my cash in BTC until I am ready to spend it. If (2), I can pre-load the card with spending money once a week. If (1), I would have to whip out a calculator and load the card with just enough funds 60 mins prior to every transaction. Too much hassle.

Phraust

full member

Activity: 206

Merit: 100

Mostly Harmless...

very, very nice. will we be able to submit our own designs for the cards as well? (pretty please!)

PayPal

newbie

Activity: 19

Merit: 0

Bitinstant, u so cool. Can I be like you when I grow up?

minimalB

donator

Activity: 674

Merit: 522

This is fantastic news! I want!

misterbigg

legendary

Activity: 1064

Merit: 1001

This is awesome. It means the possibility of not holding any fiat at all in the corrupt banking system.

oOoOo

full member

Activity: 238

Merit: 100

Is there a way to sign up to be the first in line when this comes out???

I absolutely MUST have this a.s.a.p!!! I'm willing to pay extra $$$ BTCBTCBTC !!

Ivica

full member

Activity: 218

Merit: 100

Firstbits: 19e3fc

Wouldn't mind to get one myself.

bigasic

hero member

Activity: 924

Merit: 1000

Quote from: Ivica on August 19, 2012, 06:29:25 PM

Quote from: bigasic on August 19, 2012, 06:24:13 PM

I have a feeling that this is going to be part of the big announcement in September.. I've been trying to figure out what could help stabilize the bitcoin and faster block authentications certainly would help achieve that..

Quote

1byte: OMG, is this that big announcemnt coming in september? :-O
bitinstant: No, thats something totally different lol
1byte: damn it, you are killing me! Tongue

Well, they didn't clarify if it was bitinstant announcing this card or is it the faster block chain? Bitinstant just said that this wasn't the big announcement in September. It still could be faster block authentication, couldn't it?

But, very exciting, indeed..

AR

All I know is that I will be getting one

Mushroomized

legendary

Activity: 1470

Merit: 1002

Hello!

want

Ivica

full member

Activity: 218

Merit: 100

Firstbits: 19e3fc

Quote from: oOoOo on August 19, 2012, 06:31:44 PM

This is COMPLETELY fantastic!! Is there any info about when this will be ready (a "few weeks" <- is that 2 weeks, 3 weeks, more??) and what documents will be required for europeans??
I sure as hell hope they don't require some kind of "utility bill" because for people who pay their bills online, as is custom around here, this is a real hassle!

Quote from: ?? on ??

Can BTC be bought using it as well?

Um? Pay btc => usd/eur/etc => btc again?

scintill

sr. member

Activity: 448

Merit: 254

Quote from: Coinoisseur on August 19, 2012, 06:21:10 PM

10 minutes is still a long time compared to cash, debit and credit.

Maybe carry a balance on the card for everyday transactions, so you deposit to your card while you're in line, pay with the balance you already had, and by the time you're done eating your balance is back? This could be a pain if exchange rate(s) are moving a lot though.

oOoOo

full member

Activity: 238

Merit: 100

This is COMPLETELY fantastic!! Is there any info about when this will be ready (a "few weeks" <- is that 2 weeks, 3 weeks, more??) and what documents will be required for europeans??
I sure as hell hope they don't require some kind of "utility bill" because for people who pay their bills online, as is custom around here, this is a real hassle!

Ivica

full member

Activity: 218

Merit: 100

Firstbits: 19e3fc

Quote from: bigasic on August 19, 2012, 06:24:13 PM

I have a feeling that this is going to be part of the big announcement in September.. I've been trying to figure out what could help stabilize the bitcoin and faster block authentications certainly would help achieve that..

Quote

1byte: OMG, is this that big announcemnt coming in september? :-O
bitinstant: No, thats something totally different lol
1byte: damn it, you are killing me! Tongue

bigasic

hero member

Activity: 924

Merit: 1000

I have a feeling that this is going to be part of the big announcement in September.. I've been trying to figure out what could help stabilize the bitcoin and faster block authentications certainly would help achieve that..

Coinoisseur

sr. member

Activity: 336

Merit: 250

10 minutes is still a long time compared to cash, debit and credit.

Ivica

full member

Activity: 218

Merit: 100

Firstbits: 19e3fc

Quote from: Coinoisseur on August 19, 2012, 06:16:02 PM

So will faster block confirmations be announced in September? Waiting 10-60 mins to buy lunch would suck.

SO basically, this is what we are thinking
You keep your Bitcoins on your blockchain or Bitcoin Spinner apps
bitinstant, you found it from the database logs?
and then you wanna buy something in a store
right ?
why would you have to send so much money and pay 6%+
With our card, you scan the QR code printed on your card
send 3 BTC to it, only get charged like 1%
buy your lunch
and have a nice day
all happens instantly
and this card can be used worldwide

I think bitinstant mentioned this before, they will wait for 1st confirmation, so you won't wait for an hour.

istar

hero member

Activity: 523

Merit: 500

This means that whenever someone is introduced to Bitcoins and ask. So where can I use them. The answer will be. Everywhere

Coinoisseur

sr. member

Activity: 336

Merit: 250

So will faster block confirmations be announced in September? Waiting 10-60 mins to buy lunch would suck.

SO basically, this is what we are thinking
You keep your Bitcoins on your blockchain or Bitcoin Spinner apps
bitinstant, you found it from the database logs?
and then you wanna buy something in a store
right ?
why would you have to send so much money and pay 6%+
With our card, you scan the QR code printed on your card
send 3 BTC to it, only get charged like 1%
buy your lunch
and have a nice day
all happens instantly
and this card can be used worldwide

Topic: bitinstant paycard - page 11. (Read 26585 times)