Topic: Meanwhile in lower Manhattan..... - page 2. (Read 11780 times)

Was that beer purchased with that card? 

http://blog.bitinstant.com/blog/2012/8/23/the-press-and-the-paycard.html

I thought Mastercard shot down these rumors in August.

The card will be associated to a single, static address?
If someone finds out my card address, s/he will be able to know how much I've put and will put in the card?

I hope you implement a way of generating disposable addresses to fund the card. The static printed address might be practical in some situations, but its use should be avoided - you should also explain why to your clients.

Despite that, congratulations for your development! You're already a valuable resource to this community, and it gets better by the day.

I would be interested in a real update with dates for example.

I use to have chronic fingernail biting habits like him.  I still do actually but I try really hard to hold myself back.

That's a too good posting, you must be a sockpuppet! :-)

Cheers!

Ente

As elux was saying, there is a myriad of differences between the two companies - this is reason enough.

In addition to that, BitInstant provides services; they don't produce products. BFL do. When BFL say "we have this technology, please preorder", it is right for someone to ask for evidence (though an absence of evidence doesn't mean there are no conditions under which that is judged to be an acceptable choice); especially when it is something that hasn't been done before. When BitInstant post a photo they aren't asking for money, they're just saying "look at what we're working on", and yes, it is still right to ask for evidence - who doesn't want that - but at the same time this lack of evidence doesn't mean as much because there is less value (for the individual) in the truth of BitInstant's claim (IE: that they have a bitcoin debit card in the works).

The point of all this is not that you should or shouldn't be satisfied with what has been provided (that is, of course, up to you), but that there is certainly room for someone to not demand as much evidence from BitInstant as they would from BFL. Since such a position is not inherently contradictory the argument falls down.


It allows you to save in bitcoin and use them very easily and very quickly. If nothing else, it is moving bitcoins faster in the economy, which is brilliant.

Furthermore, yes, bitcoiners need to talk to others about Bitcoin (and the bitcoin) and encourage them to accept the bitcoin as they do money other currencies; however, in the mean time this is an excellent compromise - it, at the very least, sponsors the movement of bitcoins through the economy (albiet in a needlessly complex way that involves fees and such and so is not as good for the economy as 'true' business in bitcoin), which is better than not at all.

What's the point? It is a bridge. Something that is useful to the bitcoin economy, but not as good as we'd like. Process is important, and this simply helps that along (for an analogy, think of why "half a wing" is in fact useful evolutionarily).

Anyway, just my 20 mBTC

Sorry if I offended you

Of course it did. And no, the bartender did not wonder at all if "Cardholder Name" was a real name or not.

Yes. When a lot of ppl ask the grocer if they accept bitcoins he will, likely, pay more attention to Bitcoin.

Looks good. Did it pay for the beer?

Great idea. So next time someone asks me if they can buy anything in the real world with Bitcoins, I'll just tell them that if they want to buy a head of lettuce, they have to work on convincing the grocery store to begin accepting Bitcoins.

Enmaku: Should BitInstant do an EXTREMELY SHADY MAKEOVER, like say,
move to an unknown address, list a fake office on their webpage,
fire their secretary (and replace her with a cell phone number),
refuse to answer questions from anxious customers (See: Town Hall thread),
hire Inaba to make funny, evasive jokes instead of addressing the worries of customers,
and also take ten million dollars (or something) in pre-orders,
THEN, I should say "cry havoc and let slip the dogs of war!"

In the meantime, as long as their core business stays healthy,
and doesn't also look like it's intentionally set up to be able to one day disappear completely,
or is also run by convicted felons, then yeah, BitInstant can do pull whatever stunts pleases them.

The differences between the two companies are pretty obvious and pretty stunning.
BFL could do well to learn a thing (or a thousand) from BitInstant.

Btw, what's the point to use Bitcoin-based debit cards? To convert bitcoins into dollars? Nonsense. Bitcoiners would better focus on encouraging others to accept bitcoins.

While this doesn't give me a hard-on (it's close though  ) it's a great teaser for what we may see in the future. Can't wait to see it happen.
I don't understand all the hate in this thread. It is just a picture, no claims => marketing at it's best.

could you show we more detail?
it's interest and good job!

The purpose was to generate discussion over a graphic that was already posted three months ago on their blog. Just more vaporware, and outrageous marketing tactics, like the "proposal to mitt romney" article on their blog. More vaporware ...

MODERATORS: How is this not SPAM when nothing specific has been announced, the MAIN bitcoin discussion thread was used to post a picture that has been on their blog and other news outlets for months now?