natrius

59 ms·

541.
by natrius 12y ago
They say this supports chip-and-PIN, but I don't believe them until they explain how. If I have a chip-and-PIN card from my bank, the chip has an unreadable secret used to generate one-time cryptograms to verify the authenticity of the
542.
by natrius 12y ago
Hm. There's a chance that your contactless card sends a different token that isn't your credit card number when you pay that way. I'm not sure. If so, you're right that it's basically the same level of security. How
543.
by natrius 12y ago
EDIT: I think this might be wrong, FYI. Sure, you never hand the card over when you pay with NFC, but that card number is being sent through computer systems that current events prove are very vulnerable. NFC and Chip-and-PIN protect the m
544.
by natrius 12y ago
That whitepaper is from 2012. The tokenization there is for merchants to be able to keep a token on file for a customer instead of keeping a card on file. It's like getting a Braintree or Stripe token to use for payments, but instead,
545.
by natrius 12y ago
EMVCo payment tokenization is more secure and more private than Google Wallet. With Google Wallet, two people know your card number and purchase history: Google and your issuer. With EMVCo tokenization, just your issuer knows your card numb
546.
by natrius 12y ago
"claims that make no sense like "it may very well be the safest way to make any type of credit card payment" yeah, except those dozens of other identical systems we already have, and have had for at least a year!" Paus
547.
by natrius 12y ago
My apartment building uses Yapstone's RentPayment.com, which charges me a flat $24.95 fee to use my credit card. I wonder what they're doing to get around processor fees that RadPad isn't.
548.
by natrius 12y ago
You don't have to hold bitcoins to spend bitcoins and take advantage of the network's properties.
549.
by natrius 12y ago
Merchants who use BitPay and Coinbase to accept Bitcoin usually choose to let those processors convert the funds to dollars on their behalf. Neither PayPal nor the merchants will typically touch Bitcoin during a transaction.
550.
by natrius 12y ago
Crowded places aren't currently a significant source of Ebola infections.
551.
by natrius 12y ago
If Ebola sticks with its current mode of transmission, stopping it is straightforward. Isolate patients, find their recent contacts, isolate them. Rinse[1] and repeat. It's easy to track down contacts in the western world: credit cards
552.
by natrius 12y ago
There will be no such fracture. Insofar as voice becomes a useful interface for services, smart watches will proliferate. They don't need to be unlocked as long as they're on your wrist. They eliminate the problem of talking to an
553.
by natrius 12y ago
There's no incentive to build and run a free Uber/Lyft competitor the traditional way. If someone were to build a Stellar-like decentralized market that matched drivers with riders who pay with the market's internal currency,
554.
by natrius 12y ago
Apple Pay gets a token from your card issuer and uses that to pay. Google Wallet pays with their own card and charges your card the same amount. Only difference I see is that Google knows about every transaction you make. Apple doesn't
555.
by natrius 12y ago
I never said anything would be free forever. I said "we'll see" in reference to credit card-like fees.
556.
by natrius 12y ago
Debit cards cost half of what credit cards do. Bitcoin will be at least that cheap. Miners will be compensated plenty by mining rewards for the foreseeable future. Bitcoin service providers will charge fees that they don't today, but t
557.
by natrius 12y ago
ACH is slow, so taking out the Bitcoin steps isn't possible today. Bitcoin wasn't required for this flow. PayPal had all the pieces, but they didn't put them together the right way.
558.
by natrius 12y ago
We'll see. In the near term, merchants can accept Bitcoin for 0%. Customers can send Bitcoin for five cents, and some wallets pay that for you.
559.
by natrius 12y ago
We only do this because card networks have used their network effects to force merchants to pay for a month of credit for their customers. When merchants have a viable alternative, they'll give customers discounts to use it.
560.
by natrius 12y ago
Holding bitcoins isn't required to spend money using the Bitcoin network. Services can let you purchase bitcoins when you're making a payment and send them instantly. (They need your credit card as a backup payment method in case
561.
by natrius 12y ago
Merchants are paying 3% or so to accept money from their customers today. There are zero-fee, instant conversions for customers and merchants to use Bitcoin (Circle and BitPay, respectively). Once the user experience is right, customers wil
562.
by natrius 12y ago
People have been saying that NFC will take off any day now for years. I've used Google Wallet with NFC. It's worse than handing over my credit card.
563.
by natrius 12y ago
Ha. The problem in such places isn't transportation regulation, it's basic rule of law. Kidnapping is already against the law, as is charging more for a service than you advertise.
564.
by natrius 12y ago
It's not a credit card.
565.
by natrius 12y ago
The incentive to use Bitcoin is near-zero transaction fees. Merchants can and do share those savings with customers. Any future where Bitcoin fails will still have near-zero transaction fees because the technology exists to enable that toda
566.
by natrius 12y ago
A real-world use is a recent proposal to make Bitcoin block propagation faster: https://gist.github.com/gavinandresen/e20c3b5a1d4b97f79ac2
567.
by natrius 12y ago
My mom used it to send me money. It's the only way I send money these days to people who aren't on the Bitcoin bandwagon.
568.
by natrius 12y ago
As someone who hasn't been paying attention to semantic versioning orthodoxy, the author's suggested alternative of ferver[1] is what I thought semantic versioning already was. So yeah, do that. All I care about is breakage, not w
569.
by natrius 12y ago
This same story is playing out across the country. Governments mandate low supply in high demand areas, which creates a bidding war that the wealthiest win every time. This is our generation's version of redlining. It is an injustice a
570.
by natrius 12y ago
I wasn't suggesting that Stellar would've made MtGox unwind any differently. I was pointing out that transmitting money doesn't require you to trust anyone but the place that's storing your money. The $10 still gets sent

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