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It's moot because the product is now dead, but if I understood Coin correctly, all of your criticisms are invalid. > If you lose it, you have no money unless y
by smellf 10y ago
It's moot because the product is now dead, but if I understood Coin correctly, all of your criticisms are invalid.
> If you lose it, you have no money unless you have cash on hand or can somehow get money out of the bank
You keep the actual cards at home. So if you lose your Coin, you just go back to your separate cards.
> It is a lot more attractive to thieves / skimmers
The Coin was secured through your phone's passcode/biometrics/pattern, so yeah if they broke that you'd be boned. The same as with GWallet/iPay. A sophisticated mugger could do it I guess.
> if you lose your Coin, that means someone has access to all your cards
Not without the phone.
> you are essentially handing people your entire wallet
No, before you hand it to a waiter or whatever you lock it into the card you want to use.
- koolba 10y ago>> It is a lot more attractive to thieves / skimmers >>The Coin was secured through your phone's passcode/biometrics/pattern, so yeah if they broke that you'd be boned. The same as with GWallet/iPay. A sophisticated mugger could do it I guess. Mugger A: "Give me the wallet!" (Hands over wallet) Mugger A: "Now unlock your phone and give it to me!" (Unlocks phone and hands it over) Mugger B: "Better chop off his thumb too ... might need it to unlock some apps!" (Gulps)
- rpgmaker 10y agoRelevant: https://xkcd.com/538/ https://xkcd.com/538/
- baddox 10y agoThe mugger would also get all of your separate credit cards. Coin doesn't have any disadvantages here.
- TeMPOraL 10y agoHoly shit, you've just convinced me to reconsider having fingerprint unlocking active on my phone...
- DonHopkins 10y agoThat's why I use my toe.
- TeMPOraL 10y agoI'd consider that, but I doubt my cow-orkers would appreciate me taking off my shoes.
- joshbaptiste 10y agoThat's why I use my toe. While I usually try to stay serious while reading HN, That statement really made me lol. I'm rooting more for Samsung's magnetic secure transmission (MST) to be more mainstream then these card replacements.
- thomasfoster96 10y agoSame. Also, my iPhone 5s seems to read my toeprint better than my fingerprint.
- TeMPOraL 10y agoYou guys are joking, right? Right?
- thomasfoster96 10y agoI did it as a joke at first but it actually works quite well.
- imron 10y agoAnd now you know why fingerprints are a really bad security device. They're fine for casual authentication, but really poor for actual security.
- TeMPOraL 10y agoI know the biometrics suck, but I haven't considered casual muggers cutting fingers off before...
- jagerific 10y agoDoesn't work with a dead finger. http://www.engadget.com/2013/09/16/why-a-disembodied-finger-cant-be-used-to-unlock-the-touch-id-se/ http://www.engadget.com/2013/09/16/why-a-disembodied-finger-...
- riskable 10y agoYeah, this--and all the other copycat articles at that time--are bullshit. It absolutely will work with a severed finger. If the first try doesn't work just wet the severed finger with water or take a pencil and color the finger tip with graphite. Example of someone unlocking an iPhone with the latest and greatest sensor tech (on phones anyway): https://youtu.be/2u4ZLGsw1zo https://youtu.be/2u4ZLGsw1zo They had less than a severed finger: A simple silicone copy. Something you can actually manufacturer with a high resolution picture of a fingerprint (as demonstrated by the CCC).