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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 th
by 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.