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Nice work! Use it to cash in on my Buried Keys! Seriously though, the smartphone/brain wallet combo has so much more potential. This is a great start!
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I can quit Bitcoin anytime. I just don't want to right now.
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So now this uber light and slim card needs a dongle to function properly? The vapor thickens.
And the maximum range of the dongle is 100 metres according to the website. Presumably the card-to-card mesh communications will have, if anything, an even shorter range. I can't imagine this working terribly well somehow. Most likely the "mesh" functionality will end up being something that looks good on the spec sheet but isn't actually practical - at least not for Bitcoin payments - and the entire thing will be dependent on the fixed access points to work properly. I guess that would depend on population density. Though I wonder that since this is very low bandwidth communications, perhaps "dummy nodes" consisting of walletless transceivers couldn't be embedded everywhere from utility poles to business signs to mailboxes, etc. |
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Have you thought about publishing Coineer with Createspace using a full color 8.5"x11" format? You can then make it available on Amazon and B&N as well as Kindle.
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We want to get filthy stinkin' rich. No seriously, we do. Heh! There are many threads on the subject here. Good luck with the research.
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I wonder what he would have thought about Bitcoin? He would have liked the idea of Brain Wallets.
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I like both names, Bitdex and Ellet. Why not Bitelletdex?  |
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If it's only what, $50 for a node dongle? I'll buy some.
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Even if this is total vaporware, it is still worth a kickstart.
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This is such a non-issue, but I thought I'd chime in. If you are a vendor and someone wants to spend tainted bitcoin at your store and you refuse them, your competitor probably will not. Bitcoin theft is going to happen. There are numerous ways to prevent it, but some people will not take necessary precautions. This is a good niche for banks to fill. People that want someone else to take care of their security can pay a premium. This premium will cover an insurance policy for any amount that is stolen from you. Your premiums will increase the more you lose. Eventually you better learn to cover your assets or barter eggs.
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I hope we can get a booth with these at the next 99% rally.
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Walker has won fair and square. I don't care for his policies, but the people have spoken. No worries, being a rich white man means I will personally benefit from republicans being in power.  Not true. My family's industrial real estate has lost 75% of its value in Wisconsin. I would never start a business in Wisconsin. |
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There are PNB branches in the States. I would like to see if I can get a Bitcoin exchange account linked to a PNB account. I don't think it would be directly linked to the Philippines, but it should make it easier to transfer money.
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That's awesome! Will I be able to use it at Barnes and Nobles to buy Bitcoin Magazine?
Rofl. The only way you'll be using any Bitcoin enabled payment device to buy the Bitcoin Magazine in Barnes in Noble is if you're buying it off our website while simply happening to be in Barnes and Noble. I will definitely buy your magazine when it hits the bookstores in Dallas, TX with or without Bitcoin. I don't usually post useless and offtopic posts, but... I want one. No, actually I want 2 and I want them NOW !
Ditto! |
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Now that they are getting rid of unions, I expect that pensions and social security will be eliminated.
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Green energy is about the same cost as carbon. When carbon taxes raise the costs of carbon energy by 4x, then green energy will be 4x cheaper. If you choose to use carbo energy, then you are forcing yourself into poverty. Save me the conspiracy theories. Show me how the taxes affect wind, water, nuclear, and solar power.
Post sources for your information please. The electricity consumer has absolutely no choice between carbon based electricity and non-carbon based electricity. What? You can go online and buy solar panels. Sure, it's about 1.50 per watt or so, and payback time isn't for years, but DAMN.. might as well. Green power companies use much more efficient power sources than consumers. But you can ask any German about using solar cells when there are incentives for private homes to install them. |
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mattewN when are we getting more information about that bitdex?
After Iceland I'll be flying to the USA for the next few months to work on it there with other projects as well. The prototype is already available, we're just working out the mass manufacturing. It's basically a money issue at this point. Making something of the magnitude we're planning (50,000 units at $30 a pop) will take about $1million cold and it won't move without $100k down, not to mention the fact that $100k is easily eaten by redesigning UI, debugging, molding, plates, PCBs, etc and any mistakes at the manufacturers. Not to mention marking and advertising budgets to get it into every store in the USA as a payment device. This shit is big, but it has to be done right. I believe wholeheartedly that Bitcoincard is being done wrong in every way (advertising, branding, marketing, funding, design, technology, infrastructure, etc). We'll gladly let the free market decide though. The kickstarter goes up soon, but everything in this post is completely unofficial and nonbinding. That's awesome! Will I be able to use it at Barnes and Nobles to buy Bitcoin Magazine? |
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I am curious how this will be used for purchases without a camera.
Or a functional infrastructure i.e. way to connect to the actual blockchain. Both functions are provided for in the same way, a 'sensor' mesh network that permits such devices to talk to each other, as well as an access point wireless dongle that permits all of these type devices to talk to the Internet at large. That makes a lot of sense if it can talk to my Bluetooth phone with a built-in camera, smartphone, or whatever. What makes no sense is to need to interface with your phone in the first place. It's like trying to sell a sports car that is pulled by a horse. I didn't say anything about bluetooth. No, the video said unlicensed radio. I do not know what that means in every country. I have a pretty good idea, and a cell phone is unneccesary. OK, I see it uses ISM bands. Bluetooth also uses ISM bands, so while it may not be Bluetooth, it seems to be using the same concept. |
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A billionaire would try out bitcoins. He would buy maybe a few hundred thousand dollars or maybe even a million dollars worth of BTC, such as 190,000.00000001 BTC. Just for fun.
When he sees that it used to sell for $4 and now it sells for $6, he'd either get excited about the 50% increase, or he'd get bored and cash out since his other business ventures make more money both in absolute amount and in relative percentages.
Yeah, billionaires will totally whine about how the "early adopters" who got bitcoin at $0.01 are rich now and bitcoin can go nowhere now but down in price.  |
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Yes
1. Small government is good government.
2. He's going to win.
Republicans are all about Big Government though. |
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