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nvK (OP)
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January 24, 2014, 03:23:25 PM
Last edit: January 24, 2014, 03:44:31 PM by nvK |
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One of our customers sent us (Coinkite) this video: http://www.youtube.com/watch?v=w2nRDFoeQHoThis terminal also accepts payment from any other wallet by printing a QR code invoice/bill. |
It's the bitcoin incentive that makes the "blockchain" technology work, stupid.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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hilariousandco
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January 24, 2014, 03:42:51 PM |
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I guess this would be a good video to show to people who always ask " But how can I buy a coffee? What about the confirmation times!? Deal done in under a minute. |
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nvK (OP)
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January 24, 2014, 04:37:16 PM |
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I guess this would be a good video to show to people who always ask " But how can I buy a coffee? What about the confirmation times!? Deal done in under a minute. It's pretty cool, we let the retailer choose the amount of confirmations he wants and the terminal lists on screen the open transactions. |
It's the bitcoin incentive that makes the "blockchain" technology work, stupid.
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gadman2
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January 24, 2014, 04:40:17 PM |
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I don't know why, but I see a lot of beauty in this...
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nvK (OP)
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January 24, 2014, 04:53:35 PM |
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I don't know why, but I see a lot of beauty in this...
The beauty is in the simplicity. One of our customers sent us this message: Even simple things like printing your balance are a blessing. It is quite
surprising actually. In "theory", the terminal doesn't sound like bringing
much: one can already print paper wallet, scan QR codes, create watch
accounts, use a mobile device to carry around etc. But "in practice", the
terminal brings it all together in one convenient package (no computer, no
WiFi and no mobile phone needed). It is very functional. It is a very
powerful package and you "feel" in control of your finances. |
It's the bitcoin incentive that makes the "blockchain" technology work, stupid.
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gadman2
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January 24, 2014, 05:26:05 PM |
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Let me ask, do the cards have the QR code on them so someone can pay you directly from their phone? Aww, from seeing this it made me extremely excited. But then I saw the fees. 10.79$ a month...  |
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nvK (OP)
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January 24, 2014, 05:32:07 PM |
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Let me ask, do the cards have the QR code on them so someone can pay you directly from their phone? Aww, from seeing this it made me extremely excited. But then I saw the fees. 10.79$ a month... Yes, the cards have a QR on the back. We are not a free service, because we don't play with your money, its allocated, we don't display ads and we don't sell your information. |
It's the bitcoin incentive that makes the "blockchain" technology work, stupid.
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gadman2
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January 24, 2014, 05:50:01 PM
Last edit: January 24, 2014, 06:05:55 PM by gadman2 |
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I don't think many respected services that are much cheaper do either. Maybe eventually it will go down. Don't get me wrong, I support it... I just can't afford to spend money...........to spend money...
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nvK (OP)
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January 24, 2014, 06:56:44 PM |
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I don't think many respected services that are much cheaper do either. Maybe eventually it will go down. Don't get me wrong, I support it... I just can't afford to spend money...........to spend money...
We do have an account that is 0 per month and 1% only on withdrawals, so if you are mostly saving, its pretty. good  Cost money to develop hardware and software, inventory, and grow the business. Prices will lower as we grow. |
It's the bitcoin incentive that makes the "blockchain" technology work, stupid.
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chaoticbrain
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January 24, 2014, 07:18:07 PM |
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The problem I would see is that 99% of bitcoin owners already own plenty of dollars to buy coffee with. This could probably be more useful in the future.
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hilariousandco
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January 24, 2014, 07:23:40 PM |
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The problem I would see is that 99% of bitcoin owners already own plenty of dollars to buy coffee with. This could probably be more useful in the future.
That's not the point though. If you believe in Bitcoin as a currency you want to be able to buy everything you can with fiat. This is how it should be. |
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doingdoing3000
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January 24, 2014, 08:13:10 PM |
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really nice, but i think it still takes too long time. half the time for paying would be nice. possible?
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hilariousandco
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January 24, 2014, 08:47:57 PM |
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really nice, but i think it still takes too long time. half the time for paying would be nice. possible?
Seriously? It took about 30 seconds. It took him longer to cross the street. And it's probably quicker than using chip & pin. |
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zeetubes
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January 24, 2014, 09:06:05 PM |
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Sweet. That's pretty much the way the traditional debit/atm cards work in asia. Hmmm, I thought the guy was going to get run down by one of the cars.
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Lethn
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January 24, 2014, 09:14:28 PM |
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This stuff seriously needs mass producing, it looks just like what you'd do with a debit card and people would love that especially if you didn't have any third party getting in the way.
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hilariousandco
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January 24, 2014, 09:22:27 PM |
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Sweet. That's pretty much the way the traditional debit/atm cards work in asia. Hmmm, I thought the guy was going to get run down by one of the cars.
Haha me too. He probably got hit on the way out  . This stuff seriously needs mass producing, it looks just like what you'd do with a debit card and people would love that especially if you didn't have any third party getting in the way.
I don't think users will even need third parties; that's the beauty of Bitcoin. I'm sure it'll be pretty easy to create your own cards etc. |
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nvK (OP)
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January 24, 2014, 09:33:04 PM |
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This stuff seriously needs mass producing, it looks just like what you'd do with a debit card and people would love that especially if you didn't have any third party getting in the way.
We can ship as many as we get orders. All supply chain lined up! |
It's the bitcoin incentive that makes the "blockchain" technology work, stupid.
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Enkel
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January 25, 2014, 03:11:20 AM |
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So, you basically entered a pin or something into the terminal? How many confirmations were required for the transaction in the video? When did it last update the exchange rate? (I'm assuming the clerk entered a US Dollar amount into the terminal). On your site you have this: How many bitcoins and litecoins can I withdraw at a time?
Full liquidity: all your funds are available to you at 24/7 with no limits! Unlike our competitors, we designed our security systems around dedicated HSMs and so we are able to let you have all your funds out at any time. Yes, that means no matter how much, you can withdraw 100% in a single transaction. Would you consider allowing customers to set daily limits on their card? I would hate to think of someone's kid getting their card and being able to wipe it out entirely. Also, in the US, transactions over $10k USD sometimes require more documentation ('cause you know, anyone with $10k is a terrorist or a drug lord here in the US) This looks really cool. |
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bit.alex
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January 25, 2014, 03:24:03 AM |
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Amazing! Bitcoin is indeed in a need of simplification to acquire new users
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fryarminer
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January 25, 2014, 10:39:42 AM |
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This is amazing. You need to boost your marketing, it seems the more terminals that are installed in department stores, the more people will come to know/use/love BTC.
Imagine if Walmart or Target had these! Bye bye credit cards!
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