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This gadget looks cool: Coin

Posted on 2/4/14 at 3:24 pm
Posted by Captain Ron
Location: Ted's
Member since Dec 2012
4340 posts
Posted on 2/4/14 at 3:24 pm


Basically a replacement for multiple cards (Debit/CC).

Reduces what you have to carry around.

LINK
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96003 posts
Posted on 2/4/14 at 3:25 pm to
yeah its been talked about a lot. it's kinda overpriced imo.
Posted by Captain Ron
Location: Ted's
Member since Dec 2012
4340 posts
Posted on 2/4/14 at 3:25 pm to
When I first saw the ad, I was thinking cryptocurrency.

Posted by Geauxld Finger
Baton Rouge
Member since Jan 2005
31676 posts
Posted on 2/4/14 at 3:26 pm to
get robbed = they got everything
Posted by Captain Ron
Location: Ted's
Member since Dec 2012
4340 posts
Posted on 2/4/14 at 3:26 pm to
quote:

get robbed = they got everything


They get it anyway when they steal your wallet.
Posted by boom roasted
Member since Sep 2010
28039 posts
Posted on 2/4/14 at 3:26 pm to
I'd rather carry 3 cards than trust that thing.
Posted by EarthwormJim
Member since Dec 2005
10063 posts
Posted on 2/4/14 at 3:27 pm to
quote:

get robbed = they got everything


How's it any different than getting robbed now?
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 2/4/14 at 3:28 pm to
Posted by Geauxld Finger
Baton Rouge
Member since Jan 2005
31676 posts
Posted on 2/4/14 at 3:28 pm to
quote:

They get it anyway when they steal your wallet.


i never carry it all in there
Posted by 10Percenter
Member since Feb 2009
1925 posts
Posted on 2/4/14 at 3:28 pm to
what prevents the waiter from pressing the stupid button and overdrawing my expense account?
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62850 posts
Posted on 2/4/14 at 3:28 pm to
quote:

get robbed = they got everything


Are you saying that when someone robs you of your things, they now possess all of the the things they took from you?

Posted by Captain Ron
Location: Ted's
Member since Dec 2012
4340 posts
Posted on 2/4/14 at 3:29 pm to
It looks real simple for someone to quickly swipe and add someone elses CC to their coin.

1. Waitress has a coin, the iphone app and swiper.
2. Swipe every CC she gets in one night.
3. Profit.

This post was edited on 2/4/14 at 3:30 pm
Posted by Mo Jeaux
Member since Aug 2008
58549 posts
Posted on 2/4/14 at 3:31 pm to
It's intriguing. I will consider. How do you prevent, say, a waiter from accidentally pressing the button and choosing a different card than the one you intended?
Posted by boom roasted
Member since Sep 2010
28039 posts
Posted on 2/4/14 at 3:32 pm to
quote:

iAmBatman
Here we go...
Posted by Tigerfan7218
Baton Rouge
Member since Nov 2010
14251 posts
Posted on 2/4/14 at 3:34 pm to
Read something that there is a feature that will lock it to whatever card you want it on if it's out of range of your phone (no clue what the range would be though). I think it's an interesting concept, been going back and forth on pre-ordering one. $55 isn't terrible
Posted by Mo Jeaux
Member since Aug 2008
58549 posts
Posted on 2/4/14 at 3:36 pm to
quote:

Read something that there is a feature that will lock it to whatever card you want it on if it's out of range of your phone (no clue what the range would be though).


Interesting.

quote:

I think it's an interesting concept, been going back and forth on pre-ordering one. $55 isn't terrible


Yeah, I will look into it more and consider it.
Posted by Captain Ron
Location: Ted's
Member since Dec 2012
4340 posts
Posted on 2/4/14 at 3:41 pm to
I read an article on CNN from November..

LINK
Posted by ClientNumber9
Member since Feb 2009
9312 posts
Posted on 2/4/14 at 3:42 pm to
quote:

get robbed = they got everything


I store my cash in an 8 inch black dildo and body carry that sucker around everywhere I go. They may get my wallet but my money is safe.
Posted by ULSU
Tasmania
Member since Jan 2014
3931 posts
Posted on 2/4/14 at 3:47 pm to
quote:

I'd rather carry 3 cards than trust that thing.


this. if it malfunctions one day, you are fricked on all your cards. Gets stolen? Then what. I leave 2 cards in my car or house since I don't need 3 credit cards with me at all times.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
62850 posts
Posted on 2/4/14 at 3:48 pm to
quote:

It looks real simple for someone to quickly swipe and add someone elses CC to their coin.


This would actually be a benefit to having one of these, rather than giving out an actual card.

It seems like it would make easier to be caught (assuming the coin is associated with an account on the app).

1. Associate coin used in fraudulent purchase to the account owner through the app
2. Jail profits
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