I suppose people might buy it exactly for the reason you are mentioning... money. What's the cheapest phone plan out there to be able to text someone? If an ad hoc network combined with gateways and servers could pull it off then a small initial investment would easily be justified if you used text. The problem as I see it is needing other users for the ad hoc network to work.

And if they do how would it work? Would you just generate a new wallet with a private key and have it be shared with the marchant and then the merchant would simply deduct funds from that wallet on whatever timed schedule they have? 

+1

It may not be a good idea... but I think raw milk is more about common sense. Think of all the indigenous people that have lived off of raw milk without problems. So thats extrapolating others experience to a whole market.  On the same vein I find it a little bit weird that people are okay with legislation that is based off statistics. Considering that studies are largely flawed and inadequate and biased. They aren't controlled experiments. How easy is it to manipulate statistics your way? Pretty easy I think.  For instance of those who got sick from raw milk... what was the diet of the cows that they drank the milk from? What were the cows living conditions? That information is crucial and yet it's not there.  The same thing goes with meat... You hear studies all the time about how meat is bad for you and yet there are societies on earth... that have lived happily for thousands of years eating meat(and raw milk). So in these studies do they account for the diet of the animal? You are what you eat but you also are what you eat eats. Do they account for how the meat is cooked? Rare meat is healthier than overcooked meat. Raw milk from a healthy cow is actually more resistant to bad bacteria contamination than pasteurized milk is. So if someone does get sick from raw milk there is probably another reason.... the health of the cow.

The question is why would non bitcoin users start using it? Well free texting and sending of pics/data sounds good. Right now cell phones plans are still pretty damn expensive. imagine it being done for free...... that would setup infrastructure that bitcoin could use to help succeed

I wonder if you can make backups of your wallet though. it says your key cannot leave the device. So if you lose the card you lose what is on it.

Just a couple of random thoughts:

Will 3d printers make it possible to have ATM "kits" that you can get and assemble for cheaper production costs?

Another thought........... if a bitcoin atm actually sold bitcoins for cash and bought bitcoins for cash it might have less maintenance than an ATM that just did one of those jobs since if there was a balance then it wouldn't need to be emptied/filled of cash as often

It seems like that should work. Usually companies reel in the best employees by offering the best wages and perks. Same thing haha

I'm skeptical of that. I think we should fear what the government will do but them outsmarting us is not the method I was actually fearing.

I wholly endorse this and hope you succeed. Just out of curiosity when models are paid bitcoins what percentage of profit goes to them?

if this card was successful it seems like it could have massive implications. What are your opinions on it? It seems an incredibly bold venture. But I also have this bad feeling. The reason why I am somewhat skeptical is because they say "in order for it to work you only need 3 people per block" . That seems like a problem to me rather than a good thing.

The only way I can see it working is if they first start in some highly populated city such as new york(or some Japanese city) or something where there is an actual movement of people that they know will use it. It can spread from there. But if they try to pan it out to the entire world all at once in the beginning I just see it as being something that will fail because not enough people would be in close proximity to others that also use it.

still if it does succeed it could be an incredible thing for bitcoin.

http://bitcoincard.org/

thankyou. It's still a work in progress. I found this quote "Bitcoin is useful for all the same reasons that any currency is useful: it is a medium of exchange. The advantage of being decentralized is that you do not have to rely on a third party for security. Thus, bitcoin is more useful than digital dollars for the same reason that digital dollars are more useful than paper dollars, or paper dollars are more useful than gold: it is just easier to pay people with them. No banks means less headaches, in the same way that no gold means there is a lot less weight you have to lug around. Bitcoin is thus a better answer to a problem humanity has been slowly solving for millenia: how do we remove barriers to payment?
 "

I want to incorporate it somehow.

This is just a first draft on something I am writing up so bear with me.

    In the coming future... maybe it will be 1, 2 or 3 years you will see a media attack against something called bitcoin. The reason why you will see this is because residing in bitcoin is one of the most powerful tools of freedom mankind has ever had. It may seem an exaggeration when I say this considering that it is still relatively unknown and new, but it's potential as an instrument of freedom is comparable to the internet itself. Bitcoin is a new form of money born of this internet age. No one owns it and there is no controlling entity. It's decentralized and therefore out of the power and hands of governments and in the power and hands of regular people. Because of that governments and banks will not like it.

    Making a propaganda attack usually goes as follows: if you want to take down something good then try to slander it or make an association to it with something bad so that it also seems bad. For instance, let's take a 20 dollar bill and slander it. It's not bad or good right? And yet, quite frequently 20 dollar bills are actually used to do "bad" things. Buy some drugs. Gamble at poker. Strippers... but does that mean a 20 dollar bill is evil?

    This is essentially the slander attack they will use on bitcoin. Bitcoin was created to be a better form of money than what was before it. Because it is better people will use it. That includes good people and bad. So just like the 20 dollar bill it can be used to do what some people consider is wrong. Yet the reason why the media will go after it is not because bitcoin is wrong or evil (since that is logically flawed), but because governments don't control it.

    Lets consider another example... cell phones. Do criminals use cell phones? Probably. Why does a criminal use cell phones and not morse code through the telegraph system? Because cell phones are a better and more convenient form of communication which is why they replaced corded phones which replaced the telegraph system. Just like bitcoins are a better form of money than what we currently have.

    So you may be wondering how it is better or an "instrument of freedom". There are several examples. 1: No one can print more bitcoins therefore if you earn bitcoins or have them your wealth can't be confiscated through the printing of more. 2: Payment processors and credit card companies have the power to shut off the funding to anything they deem undesirable. 3. With bitcoins you can store them in a variety of ways... and you can completely avoid the need for having a bank if you wish. You can send your money to another part of the world at little to no cost, whether that money is $100 or $100,000 dollars. It's a borderless, global and secure form of payment and it beats the heck out of using something like western union and paying for exchange rates into other currencies.

    

Just curious on what you guys think. I didn't buy one :T

Maybe it's just my browser but that site seems a bit broken. I'm using chrome. Also I'm not sure where it said you can actually take money.. it said you sell an item to earn credits which you use to purchase another item. so it keeps whatever you earn from selling on the site. Is that how regular penny auctions work? Plus it accepts paypal. what if someone buys an auction but issues a reversal? Each time you bid I assume you are charged something so people could just start reversing those transactions.

I think a completely bitcoin oriented site would be better

lol!

Shipping drugs is actually probably a lot easier than shipping milk products too.

If I ran a dairy farm though......... i'd use bitcoin anyway. because it's awesome. And I'd also probably just put a disclaimer on everything "for pets only" . as far as I know if it's for pets it isn't regulated the same you can ship it anywhere you want.

disclaimer1: I used to own a cow share and had it for a few years. I never got sick from drinking the milk. In fact I never felt stronger. I only stopped my share because I have cut down dairy since it causes me to be congested.

disclaimer2: anyone who thinks raw milk should be illegal is an idiot.  The only thing you are doing by letting a government decree that you can't order raw milk for yourself is you are removing choice from the consumer. You are saying that the government should treat people like idiots because they are not capable of making their own decisions. That is automatically wrong because the government is an idiot already.

Ultimately you could sell raw milk on silk road I guess. But I don't think it would be a popular thing to do... despite what some may think people who drink raw milk like to research where their cows come from and sometimes even visit their farm. Plus you can already order raw milk online from places I think......... organicpastures

Actually... I bet they wouldn't want that to show lol. Because right now they claim hundreds of thousands of dollars in damages when really it's probably just very little.  If you have a movie that costs 20 dollars a certain amount of people will buy it. If someone gives that movie away illegally for 0.... and 5 million people take it then they claim that there is a 100 million dollar loss. The problem is as the price goes down to nothing people would watch it who would not have otherwise.

It would not be a good idea. If someone did that...... if you started buying up the coins the price would go up. It would be expensive and bit coin users would get rich. In the end even if you got them all and destroyed them all you would manage to do is prove that people can get rich by using these alternative currencies. Another would rise in it's place as fast as lightning.

That's why I think ultimately banks should embrace bitcoin. If they do that then at least they can control it somewhat more than if they try to kill it. If they try to kill bitcoin through any means then another system will simply pop up in it's place. But if they all the sudden integrated banks with new bitcoin exchanges they could take control from mtgox and make money.

Some people think it's too risky to invest right now after this recent surge in price. I think it's to risky not to be invested. Sure the price may go down. The bubble may burst. What if it's only a 3 dollar bubble?
I can sleep better at night if I have a stash of bitcoins. Even if the price is going down... better than I could sleep if I didn't have any and the price was rising, lol.