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Maybe he got confused, the 2040 year figure gets thrown around a lot, but usually saying ~90% will have been generated by then yadada.
He's not wrong though, less than 21 million will have been made in 2040...
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Can you buy the cards with fiat preloaded in different denominations? That's the only way I can see them having much value at this time.
No. We don't want to mess with banks and fiat only to get our accounts closed once everything starts to run smoothly. That is why we love Bitcoin. Ouch at those prices i'd rather stick my coins on a usb stick & stick it in my banks safety deposit box....
Prices are way to steep guys unless of course u have over 100btc or more!
First generation with no competition yet. The normal card only costs double what a new VISA card would cost to me and in many countries either customers or merchants will pay 1+% per transaction. Fimp takes 9% for his fiat/BTC exchange at BitcoinNordica yet gets millions from customers. I don't think we are being unreasnoable. OK. Trusted original developer is an important title to have. Also, will you be selling the cards ready to be programmed, and provide the required hardware to program the cards themselves? Just to clarify, I can continually fund the card right? It isn't like a paper wallet?
There is no special hardware required only a cable and we will have source available on the site. The dev tools can be downloaded from ZC. Yes it can be funded and reused as much as you want. |
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With no display or buttons the functionality is not going to be as good as an android app or as safe as a paper wallet. This needs a computer/phone to be useful, why not just use a USB stick type device instead?
A usb solution would be more expensive and potentially much less secure if you think about it. Further such a device does not exist yet. Our smart cards are under continual development by ZeitControl and have top notch security. Once NFC terminals become commonplace we can easily transition to that technology. Wait I didn't pick that up. You are going to have access to the private and public keys of everyone's cards? I don't like that.
Here's a suggestion: Why not use some form of Elliptic Key Cryptography (Seen in Split-Key vanity address generation) to generate our addresses? We give you a public key, you generate a private key off that public key with no definite prefix, and we can enter our private key in a secure manner to program the card, however such a method of sending that data couldn't be intercepted by you.
We are programming the cards. We could program them to wait until you have a large balance and then make a TX sending all your money to us no matter the key generation scheme. Its a similar trust-model as with Casascius coins except - you could use the open code to program your own card however you like. This is why becoming the "trusted original developer" is a part of our business plan. this is not a credit card, this is a bitcoin spend card.
10,000 pin number tries to get around the pin number. and have it so that they cant reverse engineer the terminal to remove the lockout feature I keep telling my CMO. I'll get it fixed. (don't know if regular people will care though) The lock feature is on the card not terminal. The terminal is assumed unsafe in all use cases. |
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So your price points look good to me, assuming safe storage of the card makes it at least as secure as a paper wallet? No one at your company could access my funds, right?
I'm gonna ask "when?"
Yes that is correct we will delete data on your card after making it and sending it to you. We intend to have a business model partly consisting of being trusted to keep this promise. "When" depends on interest, if we get ~100+ pre-orders approximately 3 months, otherwise we expect maximum 6 months. I'm going to ask about the usability of the card and your usage of "terminal" on your page. By terminal, do you mean any standard payment unit in any US store? Or are you going to provide terminals to merchants via a partnership with BitPay? Your explanation of the payment process isnt explained enough.
The "terminals" will consist of a smart card connector and a program/app. These will be available from our site and elsewhere. We will look into explaining the payment process more. Why are there a 0.2% card/miner fee and a 0.01% card/miner fee when the tx can be pushed for a minimal/no miner fee?  You will be able to program your own cards. The fee is so we can make money and will be lowered when there is more competition. Is this meant to be used at POS locations only, or as a offline storage too? (where the user possibly purchases a card reader etc) Both. Is it possible for the user to import his own addresses and keys to prevent any trust issues? I'm interested in a Vault card as a secure way of handling my escrow transactions if everything works out. No, but you can program your own card using our source code. |
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In practical sense, what exactly are these cards good for? Ok, so I have a card with 10BTC, how is this different from a paper wallet?
- A normal paper wallet has no protection from anyone who gets access. Our card could be stolen for months and submitted to hacking/cracking/brute-force attempts without you needing to worry. - Our Vault card can be used in a company so that say both CEO and accountant or board chairman must authorize transactions. This brings easy and secure Bitcoin use to the masses. |
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We are proud to announce the first true Bitcoin card. Our card follows the spirit of Bitcoin: It is open source, global and has low fees. The card handles only bitcoins, this is not just another debit card with a Bitcoin sticker on it. (Note: The pre-order is non-binding and we will not ask for payment until ready.) YouTube video: http://www.youtube.com/watch?feature=player_embedded&v=G4z4-lTo7yAWe are ready for pre-orders. Visit our webpage here: http://blochstech.com/or click the logo:  Pre-order nowPre-order nowFeatures:- Down to 0.01% miners fee
- On card signing – maximum security
- Open source
- Acceptable by Androids and Pcs
- Can be used globally
Technicalities:- Uses the ZC BasicCard
- Stores data for offline transactions
- ECDSA and SHA256 on card
- Light-client terminal
- No-trust model through-and-through
Product list:- Vault Card – high quality, high security and minimum fees
- Normal Card – cheap, ease of use and medium fees
Technical detailsRead more technical details now. Images of the credit card   We are determined to deliver our product and you can follow our progress directly in our GitHub project here: BlochsTech source pageNote that we have left out some non-essential features for our commercial products and that we have a local branch that may be ahead of the GitHub branch. Pre-order nowPre-order now |
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How about:
1. A P2P version of localbitcoins.
2. with trustrating built into the system.
3. And global price averaging (average seller and buyer posted prices if trust is good).
4. Both user and exchanger accounts must be bought, the revenue is destributed to the miners of the P2P exchange chain.
5. Only exchangers accounts can post offers and their accounts cost more.
This would allow people to exchange coins forever easily, under the radar and know global price average without mtgox.
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A similar mechanism could be used for pensions where it forces you to not spend the money until you are ~60.
It would be best to update the Bitcoin script system a bit, but otherwise you could program a smartcard to have the 50% tx behavior aswell as a timelock.
Of course if you died before expected the card would remain locked until the time you set.
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The deloitte part was pretty awesome.
As for MasterCard guy, he kind of shot himself in the foot saying that "being frictionless" was important.. Bitcoin is like THE king of frictionless.
I don't believe him when he says they are not worried, unless he is really thick.
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Since the new update will make it impractical so send one "Satoshi" it looks like the lowest practical amount to send will be: 0.0001 BTC Many people have come to me saying they like bitcoin but find the fractions hard to deal with. Is there a name for one tenth of a "millibit" If not, can we think of a new catchy name? "One Andresen"?  " BTC10 Kilo Satoshi" or " BTC10 KS" |
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What (if any) uses/benefits can the Bitcoin currency offer to improve both the care people receive and reduce the overall cost? Seems like every country has a unique approach to healthcare and I am wondering if the unified currency model can benefit the adaptation to and improvement of healthcare in a variety of countries. Anything is fair game here, just looking for ideas or input. Everyone needs some kind of healthcare and everyone needs some kind of currency. Why not combine two universal needs to make both stronger for all people? Ideas/Discussion - GO  Use SilkRoad for cheaper copy medicin = afford life saving medicin you otherwise could not. |
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If we have swarm clients then yes. And we will at some point. So yes.
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Hi Dan,
It all seems viable enough, you're doing some things right here:
1. WiFi air bridge/point to point connection - Cheap and fast.
2. Take advantage of Seasteading, the ability to move to an optimal location - and you chose to place BlueSeed in a very expensive
neighborhood + you can provide looser visa restrictions.
3. Renting a ship - rather than trying to build/buy something which would likely kill your project.
So I have known about BlueSeed for like a year or more and been involved with seasteading myself and I'm basically just waiting to see you pull this off, the idea is sound enough.
So I guess all I can ask from another seasteader is this:
Any idea yet how to economically seastead the open oceans considering all the cheap farm land, deserts and cheap actual (albeit remote) islands?
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Smart cards, see sig  |
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What a bunch of Buffett ass-kissers in here...
Have you people forgotten that that old bastard makes pretty much all of his money by using the state against us?
It is my understanding that Buffet invests in real industry, has criticized various present US policies as inefficient/unfair AND has not bribed any politician into lowering pollution standards or taxes for his businesses. The man is probably no angel, but he sure sounds better than a whole lot of other CEOs like Romney investing in fetus disposal while campaigning for anti-abortion and destroying other companies for quick profits. The Koch brothers are even worse I have heard... I truly hope that he never holds a single bitcoin and will one day be looked upon as a state-loving loser that simply cannot understand the present world. He might die before the total of Bitcoin surpasses just his wealth, so I doubt you will get your wish... |
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This must be blocked.
Ever heard of the HTML protocol limiting web pages to a certain maximum or minimum size? No? Because its ridiculous for what is supposed to be a universal protocol!
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Warren Buffet, to my knowledge, has a strategy to stay out of things he doesn't understand. He doesn't understand IT and he also stayed out of the DotCom bubble.
This doesn't mean he is saying "Bitcoin is bad", its more like he is saying "not my area of expertise".
All prudent enough really.
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How can a nation tell who's using crypto currency? Isn't there a level of anonymity that will make it cumbersome trying to pinpoint who to tax?
Yes. That is why this news just makes me smile. I'm looking forward to the failures, trials and salty tears of so many politicians in coming years. Do you have any idea how long time, I have hated these ignorant lying bastards? Finally we get to f*ck them back. |
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