LOL. I have a chip card for a few years now, and never had problems. In fact, the only time there's an issue is when a vending machine doesn't accept the chip and tries to read the magstrip (which is severly damaged on my card) instead.
In your case, I don't think you'd have better luck if the ATM was trying to do a finely tuned analysis of the barium signature in the magstrip.
but as soon as somebody figures out your wallet id
That's why you don't keep all your bitcoin in a single wallet. I make a new wallet every time someone wants to send me bitcoin, so until I spend it, there's only a single input into the wallet. And when you spend part of the wallet(s), you can send the change to a new wallet.
Government could certainly try to stop it, for instance by making any service illegal that converts bitcoin into fiat currencies, or make it illegal to buy or sell in bitcoin directly.
Exactly. That's why they sell cups of "fair trade" coffee at a 25 cent mark up per cup, and then end up giving the poor coffee farmer 25 cents more per pound.
Why even respond if you can only grunt ? The chip+pin cards are a lot better than the magstripe cards, and the remaining problems can be solved without having to introduce radical new technology. They just need an upgrade to the protocol to remove the flaws.
No, it's a bunch of whiny, cynical assholes bitching because someone is making an effort to provide consumers choice - a choice that whiny, cynical assholes don't want to look into in the slightest, never mind a choice they'd make.
Offering the choice between conflict and non-conflict minerals to the consumer is like pushing on a rope. The conflict in Congo should be solved by the people there, not by cell phone consumers. Even if the demand for conflict minerals for cell phones dries up, other people will be more than happy to buy the cheaper minerals, and use them for other purposes, or find a way to resell them as non-conflict minerals.
anyone living in a country with the chip+PIN system will tell you
I live in a country with chip+pin, and I'm not telling you. Maybe chip cards aren't perfect, but at least they can be made to prevent skimming, which is what the article is about. And it's a much better solution than chemical analysis of the mag strip.
Phone is a pretty good option. You need the phone and you need a way to unlock it
Except that not everybody has a (smart) phone. Also, it's easy to see what PIN people use when you sit next to them, or guess it from the fingerprints they've left on the touch screen. Or you can just wait for them to unlock the phone and then grab it out of their hands. Phones can also be infected with malware much easier than ATMs or chip cards.
But the article is talking about upgrading the ATM to do a barium analysis on the cards. That seems idiotic if you can also upgrade it with a chip reader which is standard, and much more reliable.
given that the average home internet speed is WAY too slow to care about that sort of data rate
My home internet speed is 100 Mbps, and that's faster than any of the offices I've worked in. But I agree that offices would be a perfect place for this technology.
Yeah, you can transmit data over AC, but the speed will be terrible
Not necessarily, if you inject the signal close enough. Getting access to the wall mounted light switch is easier than to my celing lamps, and then it's only a few meters of copper.
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The problem is it's not just this phone. It's the 12 others they have on stand by, it's the 175 NY has lined up and ready to go -- for starters.
As long as they have proper warrants, I don't see what it matters if there is only 1 phone, or 10000.
If the market is truly open, governmental blessing of any currency matters little.
The reality is that government controls the market.
LOL. I have a chip card for a few years now, and never had problems. In fact, the only time there's an issue is when a vending machine doesn't accept the chip and tries to read the magstrip (which is severly damaged on my card) instead. In your case, I don't think you'd have better luck if the ATM was trying to do a finely tuned analysis of the barium signature in the magstrip.
If citizens demand that the government has no jurisdiction of digital currency eventually the government must bends it will to the masses.
You're so naive, it's cute.
what matters is whether someone else deems it valuable enough to accept it as payment
You also need an open market to trade, and government blessing certainly has an effect there.
but as soon as somebody figures out your wallet id
That's why you don't keep all your bitcoin in a single wallet. I make a new wallet every time someone wants to send me bitcoin, so until I spend it, there's only a single input into the wallet. And when you spend part of the wallet(s), you can send the change to a new wallet.
Bitcoin can be divided into units of 1/100000000 bitcoin, which are called Satoshis.
Bitcoin fixes the biggest problem with gold: gold is hard to divide into smaller bits, and hard to make sure it's real and the correct amount.
Government could certainly try to stop it, for instance by making any service illegal that converts bitcoin into fiat currencies, or make it illegal to buy or sell in bitcoin directly.
Exactly. That's why they sell cups of "fair trade" coffee at a 25 cent mark up per cup, and then end up giving the poor coffee farmer 25 cents more per pound.
Why even respond if you can only grunt ? The chip+pin cards are a lot better than the magstripe cards, and the remaining problems can be solved without having to introduce radical new technology. They just need an upgrade to the protocol to remove the flaws.
Thank you captain obvious.
No, it's a bunch of whiny, cynical assholes bitching because someone is making an effort to provide consumers choice - a choice that whiny, cynical assholes don't want to look into in the slightest, never mind a choice they'd make.
Offering the choice between conflict and non-conflict minerals to the consumer is like pushing on a rope. The conflict in Congo should be solved by the people there, not by cell phone consumers. Even if the demand for conflict minerals for cell phones dries up, other people will be more than happy to buy the cheaper minerals, and use them for other purposes, or find a way to resell them as non-conflict minerals.
Because this version is modular, do you understand what that word means?
Yes, it means when you want a better phone, you'd have to upgrade all the parts rather than just one phone.
At the same time, maybe they'll do electronic bank transfers and git rid of personal cheques.
anyone living in a country with the chip+PIN system will tell you
I live in a country with chip+pin, and I'm not telling you. Maybe chip cards aren't perfect, but at least they can be made to prevent skimming, which is what the article is about. And it's a much better solution than chemical analysis of the mag strip.
Phone is a pretty good option. You need the phone and you need a way to unlock it
Except that not everybody has a (smart) phone. Also, it's easy to see what PIN people use when you sit next to them, or guess it from the fingerprints they've left on the touch screen. Or you can just wait for them to unlock the phone and then grab it out of their hands. Phones can also be infected with malware much easier than ATMs or chip cards.
A suitably strong encryption would be enough to prevent skimming attacks, even assuming that the perps could insert a man in the middle.
US still use mostly the strip
But the article is talking about upgrading the ATM to do a barium analysis on the cards. That seems idiotic if you can also upgrade it with a chip reader which is standard, and much more reliable.
You don't think the tattoo is easily duplicated ?
Why not use a chip card instead ?
WiFi isn't really fast in a crowded office.
Why couldn't you use reflected light ?
given that the average home internet speed is WAY too slow to care about that sort of data rate
My home internet speed is 100 Mbps, and that's faster than any of the offices I've worked in. But I agree that offices would be a perfect place for this technology.
Yeah, you can transmit data over AC, but the speed will be terrible
Not necessarily, if you inject the signal close enough. Getting access to the wall mounted light switch is easier than to my celing lamps, and then it's only a few meters of copper.
You can use WiFi for the return traffic, and you can use powerline technology to get the bits to the lamps.