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A Bitcoin Debit Card Is Almost Here
- beaker52 12y agoHaving signed up, it appears to be promising a debit card to get people to sign up to what is essentially an affiliate-scheme feeding website. 1) I signed up with only Email, First, Last and a 4-digit PIN for a password. An email address and a 4 digit password on something storing my money? Scary. 2) The site wanted to spam my gmail contacts to "earn more bitcoins". 3) There are loads of survey offers to earn more bitcoin. 4) Preording the card felt like a worthless act with no substance behind it. I did so without providing any extra details, they didn't even ask for my country of residence. I suspect they'll eventually turn round and say "oops, looks like we can't do the debit card".
- h1karu 12y agoThese are all scams. No amount of VC money can solve this problem because it's not a technology problem it's a legal and political problem centered around the legal definition of 'money laundering'. See e-gold, liberty reserve, etc
- Mikushi 12y agoI don't see a chip on that card, move along.
- jordigh 12y agoThis is what a real bitcoin debit card looks like, courtesy of CoinKite: http://www.youtube.com/watch?v=w2nRDFoeQHo http://www.youtube.com/watch?v=w2nRDFoeQHo
- dobbsbob 12y agoNot the 'world's first', been plenty of bitcoin to debit card schemes. I have an ecoin.cc card Russians reload automatically whenever I send BTC/LTC
- Aqueous 12y agoThe debit card shouldn't require any trust. The card itself should be able to sign a transaction, transmit it to the card scanner, and have the scanner propagate it to the network. Obviously, involving a third party exchange is the only way (right now) to spend BitCoin in places that only accept fiat, but at the very least on BTC -> BTC transactions should be direct and not through third parties.
- nvk 12y agoThere are other options, this is just a master card. Look for Coinkite.com thats a real Crypto Card.