Coin

Discussion in 'Community Discussion' started by sdilley14, Nov 18, 2013.

  1. sdilley14, Nov 18, 2013
    Last edited: Nov 18, 2013

    sdilley14 macrumors 65816

    Joined:
    Feb 8, 2007
    Location:
    Mesa, AZ
    #1
    https://onlycoin.com/

    Has anyone else seen this? It's gotten a bit of traction on my Facebook feed the last couple days. I have a few friends that are placing orders for one. Sounds like a cool idea, looks like a cool product. I'm actually a bit surprised something like this hasn't already come out. Though I wish NFC had picked up more than it has and I would prefer to have all of my "cards" embedded in an NFC chip in my phone (select "card", swipe, pay, go), this seems like an interesting alternative to cut down on the number of cards I have to carry in my wallet.

    Thoughts? I'm tempted to pick one up.

    Edit: Sorry, I didn't realize the initial link I posted was a referral link, I just grabbed the link that my friend had posted on FB. Sorry.
     
  2. Shrink, Nov 18, 2013
    Last edited: Nov 18, 2013

    Shrink macrumors G3

    Shrink

    Joined:
    Feb 26, 2011
    Location:
    New England, USA
    #2
    I'm not generally tempted by stuff like this...but this one interests me.

    It seems to have security issues fairly well covered (it is disabled in a few minutes if left behind), and will hold 8 cards.

    Here is an article about it.

    I, too, would be interested in comments by those with more technical expertise than I...which means just about anybody!:D

    Here are 2 more articles, this one with some question, and this one with possible problems discussed.
     
  3. roadbloc macrumors G3

    roadbloc

    Joined:
    Aug 24, 2009
    Location:
    UK
    #3
    If it works in the UK, this might be an interesting buy. It seems like a better solution than NFC.
     
  4. Nermal Moderator

    Nermal

    Staff Member

    Joined:
    Dec 7, 2002
    Location:
    New Zealand
    #4
    Are there still that many magnetic cards around in the US? They're almost dead here so Coin would be near useless in NZ… what about other countries?
     
  5. Kissaragi macrumors 68020

    Joined:
    Nov 16, 2006
    #5
    Anything that slims my wallet is very welcome!
     
  6. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
    #6
    It looks interesting. But since I keep my wallet in a back pocket, I wonder how it will hold up with me sitting on it.
     
  7. TheAppleFairy macrumors 68020

    TheAppleFairy

    Joined:
    Mar 28, 2013
    Location:
    The Clinton Archipelago unfortunately
    #7
    I pre-ordered it last week. This weekend I found out that it is good for 2 years. I think it's because the battery last 2 years. Hope they can make it rechargeable somehow.
     
  8. Portaluk Guest

    Joined:
    Oct 10, 2009
    Location:
    England
    #8
    Looks unlikely as we use chip and pin this looks like it copies the information stored on the magnetic strip. Good idea though.
     
  9. sdilley14 thread starter macrumors 65816

    Joined:
    Feb 8, 2007
    Location:
    Mesa, AZ
    #9
    Magnetic cards are still very much alive and well in the US. I would say 95% of my "offline" transactions are done using some type of debit/credit card.

    ----------

    I was wondering about the battery life and if it was rechargeable or what. Thanks for the info. I would imagine they will eventually come out with some type of "mat" you could set the card on and recharge it (not sure how you could go about "plugging in" something like this to give it a charge).
     
  10. Squilly macrumors 68020

    Squilly

    Joined:
    Nov 17, 2012
    Location:
    PA
    #10
    About to preorder. Amazing idea. Just wish it could store more cards and was available sooner.
     
  11. Shrink, Nov 18, 2013
    Last edited: Nov 18, 2013

    Shrink macrumors G3

    Shrink

    Joined:
    Feb 26, 2011
    Location:
    New England, USA
    #11
    From the website FAQ...

    (Emphasis added)
     
  12. Squilly macrumors 68020

    Squilly

    Joined:
    Nov 17, 2012
    Location:
    PA
    #12
    I wonder if they're using graphene batteries. It's pretty hard to get a normal battery that small to last two years, regardless of the battery-saving technology behind it.
     
  13. roadbloc macrumors G3

    roadbloc

    Joined:
    Aug 24, 2009
    Location:
    UK
    #13
    My watch battery has been going strong for five years now.

    A shame. I had no idea the US were still on magnetic strips.
     
  14. Arran macrumors 68040

    Arran

    Joined:
    Mar 7, 2008
    Location:
    Atlanta, USA
    #14
    I watched the video. Clever tech, but I'm not sure I'd let the waiter take it out of my sight. That's all my cards right there.

    For that matter, even if I don't have a "coin", I'll never let any waiter take any plastic card out of my sight: Copying credit cards just became instant and easy. Anyone who has access to your card for a few seconds can now make a fully working copy.
     
  15. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #15
    What the hell are you all carrying in your wallets? I carry a debit card, a credit card, a driver's license and health insurance card. What else does one need?
     
  16. heehee macrumors 68020

    heehee

    Joined:
    Jul 31, 2006
    Location:
    Same country as Santa Claus
    #16
    This will work well for my wife, she seems to have 25 credit / debit / points cards. That will work out to $1/card/year.

    I have 2 credit cards and 2 bank cards. Pass for me.

    Edit: Oh wait, it can only store upto 8 cards. What's with all the hype?
     
  17. Arran macrumors 68040

    Arran

    Joined:
    Mar 7, 2008
    Location:
    Atlanta, USA
    #17
    You have a point.

    I'd add the following to your list:
    • Corporate card (mag stripe)
    • Costco card (mag stripe, but physical card needed for entry to the store)
    • Library card (barcode)
    • Cash

    What does everyone else carry?
     
  18. sdilley14 thread starter macrumors 65816

    Joined:
    Feb 8, 2007
    Location:
    Mesa, AZ
    #18
    I carry cash, a few "punch cards" from different restaurants/stores, driver's license, 1 debit card, 4? credit cards, and 3-4 gift cards/rewards cards. My wallet isn't excatly bulging from all the cards I carry, but I think this would be a neat, convenient "luxury" item. Do I *need* it? No. But it sure looks cool and I think it'd be a handy little item to have.
     
  19. mobilehaathi macrumors G3

    mobilehaathi

    Joined:
    Aug 19, 2008
    Location:
    The Anthropocene
    #19
    Well I don't know about need, but, umm, 2 CC, 1 Debit, DL, work ID, public transit pass, museum membership card, 3 rewards cards, frequent flyer card, health+dental+vision insurance (thin paper things). Perhaps ironically, I rarely carry cash...

    Hmmm, that seems like an awful lot now that I write it out. :p
     
  20. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #20

    All my loyalty and airline cards are stored in an app on my phone.
     
  21. Nermal Moderator

    Nermal

    Staff Member

    Joined:
    Dec 7, 2002
    Location:
    New Zealand
    #21
    I have quite a few cards (bank, work security, driver licence, multiple loyalty cards)... but only one of them is magnetic. Technically my Visa card is magnetic too but if I swipe it on a terminal with a chip reader (which is pretty much all of them) then it tells me to use the chip instead.
     
  22. mobilehaathi macrumors G3

    mobilehaathi

    Joined:
    Aug 19, 2008
    Location:
    The Anthropocene
    #22
    Which app? Wouldn't mind experimenting a bit to slim down...
     
  23. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
    #23
    Did you read the entire FAQ? If not, here are a couple of good ones...

     
  24. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #24

    Key Ring
     
  25. mobilehaathi macrumors G3

    mobilehaathi

    Joined:
    Aug 19, 2008
    Location:
    The Anthropocene
    #25
    Cheers, I'll check it out.
     

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