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I think Coin is going to be wildly successful. I was looking at my wallet the other day, and wondering why i can't slim it down even further to carry one digit

by lmg643 13y ago

I think Coin is going to be wildly successful. I was looking at my wallet the other day, and wondering why i can't slim it down even further to carry one digital card instead of multiple. i even thought it would make a good startup. and here we are. the only drawback in my mind's eye regarding coin as a business is that there will be no reason to have "swipes" anymore if you can just scan a smartphone, as with the starbucks card. however, the widespread use of scan technology is years away, whereas the swipe is ubiquitous now. ergo, IMHO, coin will be a success if they can execute on the product.

jonstjohn 13y ago
My problem is that I tend to wear out card before I get a replacement. For example, my debit card currently requires 3-4 swipes to get it to work. I'd probably keep a backup card in my wallet if I decided to get Coin, just in case, but really like this idea.
untog 13y ago
But how many of the cards in your wallet could be replaced by Coin? For me it's maybe three. If it can't replace nearly all of them it seems pretty pointless to me - I'm still going to be carrying my wallet, it'll just have two fewer cards in it. Yay? In any case, it does seem odd to build a business around something that is virtually guaranteed to be extinct in a few years time.
- bennyg 13y ago
  What about bars? A lot of bars I go to hold onto your card until you tab out. I'd hate to keep getting notifications about losing my card every time I'm out on the town. When you go back up to the bar, they ask what your name is to tab out. I didn't see anything on the Coin to do that. I also wouldn't want the bartender to press the button and change to a business account or something similar. I'm not being a hater, this is just an occurrence where this might not work well. I still think it's an awesome idea though, and I'd like to get one.
  - schrodinger 13y ago
    I've been to a bar recently where they didn't have to hold my card to keep a tab open. So much more convenient!
    - bennyg 13y ago
      Yeah they always go both ways here - I guess too many people run off without signing in some bars.
      - schrodinger 13y ago
        No, that's the point... they held a tab by swiping my card up front, and then didn't need it to close out. They still could have charged it if I ran off. It's probably like a gas station authorizes your card for a certain amount before pumping, but then actually charges the specific amount you pumped at the end.
    - dakrisht 13y ago
      We are all deeply moved by the future of bar tabs not holding credit cards :) In all seriousness, most bars hold a CC and ID for a tab.
      - signed0 13y ago
        I don't think I've ever been in a bar that held my ID, just my CC.
  - dakrisht 13y ago
    Very good point. Add another item to the list of problems.
  - yread 13y ago
    Wow! Is that common in the US? I've never seen that here in EU. And I go to bars A LOT!
    - 13y ago

by lmg643 13y ago

jonstjohn 13y ago

My problem is that I tend to wear out card before I get a replacement. For example, my debit card currently requires 3-4 swipes to get it to work. I'd probably keep a backup card in my wallet if I decided to get Coin, just in case, but really like this idea.

untog 13y ago

But how many of the cards in your wallet could be replaced by Coin? For me it's maybe three. If it can't replace nearly all of them it seems pretty pointless to me - I'm still going to be carrying my wallet, it'll just have two fewer cards in it. Yay? In any case, it does seem odd to build a business around something that is virtually guaranteed to be extinct in a few years time.

bennyg 13y ago
What about bars? A lot of bars I go to hold onto your card until you tab out. I'd hate to keep getting notifications about losing my card every time I'm out on the town. When you go back up to the bar, they ask what your name is to tab out. I didn't see anything on the Coin to do that. I also wouldn't want the bartender to press the button and change to a business account or something similar. I'm not being a hater, this is just an occurrence where this might not work well. I still think it's an awesome idea though, and I'd like to get one.
- schrodinger 13y ago
  I've been to a bar recently where they didn't have to hold my card to keep a tab open. So much more convenient!
  - bennyg 13y ago
    Yeah they always go both ways here - I guess too many people run off without signing in some bars.
    - schrodinger 13y ago
      No, that's the point... they held a tab by swiping my card up front, and then didn't need it to close out. They still could have charged it if I ran off. It's probably like a gas station authorizes your card for a certain amount before pumping, but then actually charges the specific amount you pumped at the end.
  - dakrisht 13y ago
    We are all deeply moved by the future of bar tabs not holding credit cards :) In all seriousness, most bars hold a CC and ID for a tab.
    - signed0 13y ago
      I don't think I've ever been in a bar that held my ID, just my CC.
- dakrisht 13y ago
  Very good point. Add another item to the list of problems.
- yread 13y ago
  Wow! Is that common in the US? I've never seen that here in EU. And I go to bars A LOT!
  - 13y ago