Topic: Introducing the Pain Series (Read 1007 times)
Listed. Keep them coming
Card cloning
the ability to grab information from the magnetic media or chip of a debit/credit card to gain access to funds. this can be done by fitting a thin slip of electronics into the card insert hole of ATMS, and using a miniature camera, to see the pin number entries an ATM user presses
Real Life Examples
this happens hundreds of times a day, all around the world and unless the ATM user is carefully examining the card insert hole or the plastic surround of the ATM for something out of place, they would be none the wiser
Can Bitcoin or CC Derived Technologies Resolve It?
bitcoin does not have this problem and CC companies would have to totally remove the weakness, which is the pin number that people dont change often
If so How?
upgrading ATMs to sense if 'alien' devices are inserted,
change the whole pincode system to something that cannot be easily abused using a recording device or a glance over a victims shoulder during use.
the ability to grab information from the magnetic media or chip of a debit/credit card to gain access to funds. this can be done by fitting a thin slip of electronics into the card insert hole of ATMS, and using a miniature camera, to see the pin number entries an ATM user presses
Real Life Examples
this happens hundreds of times a day, all around the world and unless the ATM user is carefully examining the card insert hole or the plastic surround of the ATM for something out of place, they would be none the wiser
Can Bitcoin or CC Derived Technologies Resolve It?
bitcoin does not have this problem and CC companies would have to totally remove the weakness, which is the pin number that people dont change often
If so How?
upgrading ATMs to sense if 'alien' devices are inserted,
change the whole pincode system to something that cannot be easily abused using a recording device or a glance over a victims shoulder during use.
Lol, that didn't work so well. Ok post them there and I'll port over.
now i have clicked the link, i think my point has been proven.... hmmm maybe i should have kept my mouth shut and not inspired the trolls
id say its better to put idea's here and the port them across, rather then allowing global editing powers. as the global power would be abused by trolls "graffiti'ing" the document with random messages and deleting topical messages that did have meaning
In the document, I forget to allow global editing power. Here is also fine if you'd like, I just have to port them over.
Do you want contributions on the doc or here? You were still editing the document when I opened so I wasn't sure.
Now that I'm back at the helm of BEP full time, we will be producing a crowdsourced series of youtube videos called the pain series. The purpose is to discuss some of the pain points of the world's existing financial system from corruption to inefficiencies and how Bitcoin or cryptocurrency related technologies can resolve them.
Here is a link to the google doc we are using:
https://docs.google.com/document/d/13EHI77xRzZengos4til3f_i5Wd31ZWrmzfUHgPRMjEE/edit?usp=sharing
You can edit it freely and it contains instructions on how to write up a contribution. Feel free to list anything you can think of or provide edits and comments. Eventually these will be converted into 3-5 minute videos on youtube.
Here is a link to the google doc we are using:
https://docs.google.com/document/d/13EHI77xRzZengos4til3f_i5Wd31ZWrmzfUHgPRMjEE/edit?usp=sharing
You can edit it freely and it contains instructions on how to write up a contribution. Feel free to list anything you can think of or provide edits and comments. Eventually these will be converted into 3-5 minute videos on youtube.
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