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I feel like some people on HN thrive so much on negativity. I don't even think this feedback is constructive. Look, author has 1 or 2 cards. I have an Amazon c

by kin 13y ago

I feel like some people on HN thrive so much on negativity. I don't even think this feedback is constructive. Look, author has 1 or 2 cards. I have an Amazon card, a Target card, a Debit card, my FSA card, my Company credit card. I have rewards cards that I don't keep in my wallet because I like to keep my wallet thin. Like it or not, Coin presents a hopeful solution to solving this for me. And don't go telling me I need to reduce the number of cards I have and simplify my life. I don't want to hear it. I just want Coin's product to exist and hopefully my pre-order is helping that. On a side note, I'm not used to charge first ship later. Isn't Coin YC backed? I'm surprised they need to rely on pre-orders for funding unless that was their financial plan all along.

loganu 13y ago
I feel like a lot of feedback could be useful if it was framed differently. Everyone talking about the potential to lose multiple cards at once, or fraud, or theft, or the 8-card limit seems to come at it from a position of snark and sarcasm. If you're smart enough to realize potential risks, you're probably smart enough to ask if Coin's considered solutions to that use-case, or offer up a suggestion. They've clearly spent more time thinking this through than we have, and I doubt they've detailed everything on a marketing page and F.A.Q. Personally, I'd be worried about travelling and my phone dying or disappearing and effectively locking my card when that pre-determined time elapses. But I'm sure that could be configured in the app, or workarounds created once this goes live and more feedback comes in. (Web login, a friends' phone, etc.) As for the product itself, I'd love to see it work. It would solve a problem for me, and I'd happily replace my wallet with two of these and my driver's license. Is it the best technology for solving consumer-merchant interactions? Maybe, maybe not. But I'd rather see 15 companies develop divergent ideas until a clear winner emerges than see everyone forced to Bitcoin, NFC, etc.

by kin 13y ago

loganu 13y ago

I feel like a lot of feedback could be useful if it was framed differently. Everyone talking about the potential to lose multiple cards at once, or fraud, or theft, or the 8-card limit seems to come at it from a position of snark and sarcasm. If you're smart enough to realize potential risks, you're probably smart enough to ask if Coin's considered solutions to that use-case, or offer up a suggestion. They've clearly spent more time thinking this through than we have, and I doubt they've detailed everything on a marketing page and F.A.Q. Personally, I'd be worried about travelling and my phone dying or disappearing and effectively locking my card when that pre-determined time elapses. But I'm sure that could be configured in the app, or workarounds created once this goes live and more feedback comes in. (Web login, a friends' phone, etc.) As for the product itself, I'd love to see it work. It would solve a problem for me, and I'd happily replace my wallet with two of these and my driver's license. Is it the best technology for solving consumer-merchant interactions? Maybe, maybe not. But I'd rather see 15 companies develop divergent ideas until a clear winner emerges than see everyone forced to Bitcoin, NFC, etc.