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Author Topic: Meanwhile in lower Manhattan.....  (Read 11751 times)
Yuhfhrh
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October 08, 2012, 10:23:29 AM
 #81

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.

Yeah, the card's purpose is not at all anonyminity or even safety.  It is designed to do two things, which it will do very very well:  first, to allow people to instantly sell btc for fiat and be able to access that fiat instantly (yeah yeah, we'd all like to use bitcoin to buy things, but in the meantime, this is a good solution); and second, it is a great conversation starter for introducing people to bitcoin.  Now they know about bitcoin, and they also know it's as easy to spend as "real" money.  Now they might get interested... (And hopefully, they'll learn enough to wish they didn't have to use a card to convert back to fiat!)

That card is a great thing for bitcoin, anonymity and security be damned!

Exactly.
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niko
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October 08, 2012, 07:11:30 PM
 #82

What card? I haven't seen any cards yet.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
matmar10
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October 11, 2012, 09:01:16 AM
 #83

FWIW, launching a card product is complex and experiences many unforseen, unavoidable delays. Even if you have hundreds of millions of dollars in the bank, the wheels of big corporate bureaucracies seem to move painfully slow from the perspective of those used to moving at internet Bitcoin speed. There's so many different entities involved, each with critical paths and potential disruption points; at a bare minimum you have: BIN sponsor, issuer-processor, card network, card bureau (manufacturer), and program manager. Shocked

Plus, card networks have all these strange "blackout" periods throughout the year where nothing is allowed to get done. If you slip a milestone and some important component falls into one of those windows, your whole project timeline stretches out like salt water taffy on a hot summer day. Even once you have everything approved and locked-and-loaded, you can miss a manufacturing window and get delayed additional months, etc...

Having personally project managed a card product from beginning to end, I can sympathise with the lack of being able to provide a firm date.  Cry
Ente
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October 11, 2012, 09:05:10 AM
 #84

FWIW, launching a card product is complex and experiences many unforseen, unavoidable delays. Even if you have hundreds of millions of dollars in the bank, the wheels of big corporate bureaucracies seem to move painfully slow from the perspective of those used to moving at internet Bitcoin speed. There's so many different entities involved, each with critical paths and potential disruption points; at a bare minimum you have: BIN sponsor, issuer-processor, card network, card bureau (manufacturer), and program manager. Shocked

Plus, card networks have all these strange "blackout" periods throughout the year where nothing is allowed to get done. If you slip a milestone and some important component falls into one of those windows, your whole project timeline stretches out like salt water taffy on a hot summer day. Even once you have everything approved and locked-and-loaded, you can miss a manufacturing window and get delayed additional months, etc...

Having personally project managed a card product from beginning to end, I can sympathise with the lack of being able to provide a firm date.  Cry

Thank you for those insights!
Yes, we surely are used to some pace here.. ;-)

Ente
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