This is definitely link bait. Indicate that a YCombinator startup is a waste of time and you are guaranteed to get some hits. Or get upvoted on HN.
> I believe we should be moving away from cards altogether. I think google wallet, square, and other RFID/NFC technologies are thinking about the future, where our devices are consolidated and integrated with the world around us.
That's like, his opinion, man. I personally think that cards are going to be around for a very long time whether we want them to be or not; for one simple reason: infrastructure. There are just too many card readers in the wild to feasibly displace the technology. For example, I can't use Google Wallet in South Africa (even though I would love to be able to) because we simply don't have NFC paypoints here. I doubt there will ever be. Dynamic cards seem like a really clever compromise in the direction of that "perfect world," and when I say "world" I mean it - cards are a world-wide technology. NFC is not.
The author clearly has a problem drawing a line between what is feasible and what he wants. We probably all want NFC payments - the reality is that most of the world won't get them.
If you really think about it all Coin are doing is creating a compatible addon for existing card reader that let you use NFC (or BLE, but the technologies are similar) with any of them.
> Legality of preordering
I am struggling to figure out how exactly this argument means that the cards are a step in the wrong direction. His one commenter (Alec Joy) also points this out:
> For those to lazy, or too trusting of Dan's word to click the link, I would like to present the first sentence of the article he linked to, and suspiciously the ONLY sentence of the response he omitted from his quote.
> "It is not illegal for merchants to charge for a product before it has shipped. "
> I believe we should be moving away from cards altogether. I think google wallet, square, and other RFID/NFC technologies are thinking about the future, where our devices are consolidated and integrated with the world around us.
That's like, his opinion, man. I personally think that cards are going to be around for a very long time whether we want them to be or not; for one simple reason: infrastructure. There are just too many card readers in the wild to feasibly displace the technology. For example, I can't use Google Wallet in South Africa (even though I would love to be able to) because we simply don't have NFC paypoints here. I doubt there will ever be. Dynamic cards seem like a really clever compromise in the direction of that "perfect world," and when I say "world" I mean it - cards are a world-wide technology. NFC is not.
The author clearly has a problem drawing a line between what is feasible and what he wants. We probably all want NFC payments - the reality is that most of the world won't get them.
If you really think about it all Coin are doing is creating a compatible addon for existing card reader that let you use NFC (or BLE, but the technologies are similar) with any of them.
> Legality of preordering
I am struggling to figure out how exactly this argument means that the cards are a step in the wrong direction. His one commenter (Alec Joy) also points this out:
> For those to lazy, or too trusting of Dan's word to click the link, I would like to present the first sentence of the article he linked to, and suspiciously the ONLY sentence of the response he omitted from his quote. > "It is not illegal for merchants to charge for a product before it has shipped. "
Shameless link baiting.