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How else do you think this could possibly work? >you lose the psuedo-anonymity of Bitcoin (the card has your name on it) Nobody would ever allow anonymous card
by soared 11y ago
How else do you think this could possibly work?
>you lose the psuedo-anonymity of Bitcoin (the card has your name on it)
Nobody would ever allow anonymous card transactions. The security risks with that alone are ridiculous.
> It's a "debit" card, so it also has none of the protection of a normal credit card (eg: if someone steals my card or over-charges or whatever, my actual money is not touched).
Nope. Debit cards have protection, as does a coinbase account.
>It's not even real Bitcoin, it requires a Coinbase account
My credit card isn't even real money either!
>where, from what I understand, they manage your private key, so really own your bitcoins
Thats not how that works.
Its a transition between traditional cards and to new forms of money like crypto-currency.
- ajarmst 11y ago"Its a transition between traditional cards and to new forms of money like crypto-currency" by removing all the distinguishing characteristics of crypto-currency, which I think is the OP's point.
- CPLX 11y ago> Nobody would ever allow anonymous card transactions. The security risks with that alone are ridiculous. Sure they would. The gift card and reloadable/prepaid debit card market is huge. In theory they try to avoid anonymous usage but in practice they don't.