Please explain the delay

Alright so this project has been around for a while and I love the idea. But I made a post over at my blog today because this project has become frustrating to me. Can someone please give us an update. What is the hold up and when is the scheduled launch. If the hold up is funding than please hold a fund raiser already. I will gladly give.

Bitcoin card

So I come to the site, but what is the idea? I see a video about the card, but no information on how to get one.

Funding and involvement.

I would be very interested in not only providing funding to the fund, but also bootstrapping my funding by possibly distributing and promoting the cards. Was wondering who and how to contact someone about options of how to become involved?

Modification Suggestions

These where just some ideas I had sitting in my head, and figured why not let everyone see them and see if they are even worth looking further into. Please don't flame me on the ideas, as I was just trying to find ways to better the network. I know defiantly for the card itself, it is its own perfection. I really had my mind spinning around the first 2 ideas since I first heard and started to learn more about Bitcoincard.

[You can find a better formatted version @ ]


  • USB w/ Pre-Installed Blockchain & Updater
    • This is to make it as simple as possible for normal users. Let them just plug in the USB with an active connection and it will auto-launch the update that will automatically search for Bitcoincard devices to sync the network to.
    • The USB device would net at least 4-8GB for potential upgrades to the Bitcoin Network and expansion of the transaction list.

  • 3G/WiFi Pre-Enabled w/ Pre-Installed Blockchain & Updater
    • All the features of the first option, but with the ability to configure a 3G option, or log into the nearest WiFi hotspot to grab the latest chain.
    • Bascially this will be a portable computer (yeah, I get the irony of this) that will have a simple command to connect to the Bitcoin Network and grab the latest blocks (an LED on the Dongle with blink whilst this is downloading). Once finished, an LED on the Dongle will be solid green to let everyone around them that the Dongle/Node/Server is ready to be connected to.
      • If the device goes this far, why not add a small LCD to display how many users are locally connected? It would be interesting to see statistics.

    • Possible side-effects would be having to have a battery just for the server (which may not be a problem, depending on how much power it takes up). If the blockchain is up-to-date, then there won't be an issue with keeping the latest blocks, thus most likely not taking too much of a power hit.

  • Mobile Mod? (iPhone App, Android App...etc)
    • The ability to plug in an adapter to your phone (or use 3G and WiFi-Sharing from the mobile device) to update the Dongle (Server) to the latest blockchain.
    • The app for this mod will only be to update the integrity or the latest version of the blockchain, dependant that it's less than XMb's of space for data-transfer issues.
      • I say 3G to make the Bitcoincard be more diverse more updating within the outer-network (Bitcoin Network) of the Ad-Hoc central.

  • WiFi/3G/Bluetooth? [Mobile Mod] -Horrible Idea, idea-
    • Not sure how bulky this would be, but would it be possible to add an option to allow one of all of these features to the Bitcoincard? My main suggestion is for the WiFi. This would allow users to be able to sync up to the Ad-Hoc network over a WiFi connection. Though, at minimum of 2 users would have to be connected and the data connections might get loaded down with too many people connected to the single phone connection. Actually, this might be a bad idea.

Please re-think your approach to wider adoption...

Howdy -

I've been perusing the "Movement" page of the bitcoincard website (, and I would like to offer some suggestions.  Unusual I know - ;-) - but as a professional writer (and user of bitcoin since 1/11) I may have an insight or two that could be valuable.

As an overall TL;DR I will point out that, while it gives a certain self-satisfaction, dragging people up to your level is proven not to be either as effective or as financially rewarding as lowering yourself to theirs - which is to say that a certain amount of simplification can be useful.  And profitable.

In my opinion, the best line on that long (very much too long, incidentally) page is this:

"Such deep knowledge is not necessary to the actual rider, and in the same way one can enjoy the world of Bitcoin with little more than a healthy curiosity and a bit of practice."

This is a true and easy-to-grasp statement.  Bravo.  If it had been used as the Mission Statement for the page, all would be well.  Unfortunately, less than 200 words later the dread word 'fungible' rears its ugly head.  *sigh*  Somebody should really run a 'Search and Replace' script on that one word, on every website wherein the word bitcoin appears, inserting NOTHING in its place.  Nobody cares, except the mixers.  The word is not only redundant in the extreme - I mean; calling bitcoin a currency imparts the same information: a dollar is a dollar is a dollar - but is almost designed to make an average reader feel linguistically (and therefore intellectually) inadequate.

I am quite aware of Margaret Mead's often quoted take on small groups of dedicated people being the only way the world is ever changed - and it is true.  But that's a truth which only applies to the beginnings of things: it completely fails to take into account what happens after that small group expands its reach into the world at large.  We are past the beginning of bitcoin.  Now we need wider adoption.  Therefore:

We need to be speaking to a wider audience.  Perhaps even an audience that doesn't keep a thesaurus tab open in their browser at all times.  Does this make sense?

Here, I will point out that this post is not intended to deconstruct every sentence in your 'Movement' page - I'm only offering a brief critique, and trying to get a point across.  OK?  And please forgive me if I seem a bit heated at times.  That's life on the internet, I guess.

"It is theoretically impossible to make a fake Bitcoin (to fully understand why this is true, one needs to study cryptography and fairly advanced mathematics)."

Oh good lord, stop talking down to people.  What about: "Unlike cash, Bitcoins cannot be forged."  Nobody wants to hear about theory.  Nobody wants to hear about how the energy output of an average galaxy relates to cracking SHA256.  Weaseling out of mathematical certitude is for peer-reviewed papers in "Nature Magazine."  It's MONEY.  Folks just want to buy a couple of shirts and a bong on the internet.

This is what I'm talking about:

"You don't need a name, an address, a Social Security/Slavery [n.b.:  you could remove the 'Slavery' snark] number, or any personal information of any kind. Nobody "approves" you for Bitcoin. It's free and open-source software. You get it from"

That's good.  Did more than one person write your "Movement" page?  And was it somebody else who wrote the paragraphs immediately following that quote?  More math.  More cryptography.  Bleah.

The "How does it work?" section isn't bad.

But then... politics.  I find it difficult to express my utter dismay at how politics is brought into this issue.

Oh, you "...wouldn't expect Krugman to "get it"," wouldn't you?  Allow me to inform you what the world thinks Paul Krugman 'gets'.  Mr. Krugman is a winner of the Nobel Prize - one of only 69 men in the world, and one woman, who has done so.  Mr. Krugman has a column in the New York Times with a readership (dead tree + internet) in the millions.  He is endlessly quoted, linked and discussed everywhere that people have an interest in money.  Mr. Krugman (in response to sarcastic jibes about insolvent economists) has a personal net worth that satisfactorily approaches the entire market cap of bitcoin.

That's what the world knows about Krugman.

And you, right now today, are just some guy on the internet with a website and a gadget that will be in production 'any day now.'  Forgive me - but I think a bit of humility, even if only as a recognition of political reality, might be in order here.

And then:  "As any Austrian economist can tell you..."  Jesus effing christ on a crutch.

Here:  I will roll it all up into a little ball that you can bounce down the sidewalk...

You can take every person on earth who thinks Krugman is mistaken (and by the way, I am in that camp, for what it's worth), and every person who has even *heard* of the Austrian school of economics; and if every single one of them combined decided to adopt bitcoin, bitcoin would die a slow and withering death.  That's how tiny those two cohorts are.

You are trying to sell a gadget, with the goal of increasing bitcoin adoption.  Nobody cares about your deeply-held philosophical beliefs.

Again, the "Being careful with money" section is pretty good, except:

"Concept 4 Liberty advocates love free markets."  PEOPLE love free markets, hmmm?

"Concept 5... This means under no circumstances should people invest money in Bitcoin which they cannot afford to lose."  Try to stay on the same page when you're on... ummm... the same page.  Bitcoin is money, or it is an investment commodity.  Pick one - I'd go with money - and stick with it.

Lose Silk Road.  I have no problem with it - but people who have an interest will find it.  You're trying to sell a gadget to my mother.  Silk Road does not help you to do that.  Donations and gambling (especially gambling) are great.

Just delete "Bitcoin vs. The State".  Really.  And edit "Bitcoin and Disruption" down to about three paragraphs, after re-titling it.

Please, please, please - try to keep in mind that you want adoption to increase.

In closing, I'll say this:

The only people who want revolutions are revolutionaries.  Everyone else has the innate understanding that revolutions are messy, and unpleasant, and make it tough to find a decent bottle of scotch.

The primary job of any revolutionary is to force government to take things away from people that they use and like - that is what brings a revolution to critical mass.  Always.  So it follows that - FIRST - in the case of bitcoin and its revolutionary potential, people must like it and use it.

Try to focus on that.  Let the revolution happen as it will.

Thank you.


Managing your geo-tags

Dear Bitcoiners,

Please note that you can manage your geo-tags (and participation in the Fund) in your profile (login-link at top).
Logged in users can obviously post any ideas here as well. 

Bitinstant Reviews The Bitcoin Card, It’s Real: Small, Thin, and Smart

Original article at Siliconangle


Earlier this month SiliconANGLE got wind of a new piece of technology being developed to revolutionize mobile cash transactions by giving people the ability to store and transfer bitcoins via a device as small and thin as a credit card. Not just the usual smartcard, but a pretty impressive piece of technology that combines networking, power generation, and super-thin computing called “The Bitcoin Card” powered by Mycelium.
Part of the team from Bitinstant caught up with “the Bitcoin Card” developers in Vienna to speak with them about the nature and expectations of the technology:
This card is what’s known as a “smart card,” and has the explicit purpose of acting as a secure, convenient Bitcoin wallet and payment system. Alex Squared, through their company, Megion Technologies GmBH, have been developing the technology behind this card over the past five years – even before Bitcoin was in existence. Originally, the card was intended to be used for various community currencies around the world, but when Bitcoin came out, they were smart enough to pivot the device to be Bitcoin-exclusive, custom-tailoring it for the new revolutionary global currency.
The takeaway of this device is very similar to the previous piece we ran (based on a slick marketing video of the underlying technology) but the same highlights still stand out of what we can expect it to do for us. Currently, the Bitcoin Card is expected to act as a secure storage for Bitcoins and provide the platform for financial transactions without opening the user up to vulnerability. It’s also designed thin and small (about the size of a credit card) so that it can be easily transported in a wallet.
Interesting elements of the card include the fact that it has no interface other than wireless—no USB or even power. For power, the card will use a solar cells (covering the back of the prototype) and can even run when drawing power from those cells. The developers believe that casual consumers won’t need to worry about leaving it out in the sun as it should be able to keep itself charged through general use. They’re also planning to add the ability to generate electricity from the flexing the card might receive from being in a wallet or from button presses themselves—this can be done by harnessing the piezoelectric effect.
Another part of what makes these cards so remarkable is that they’ll build an ad hoc mesh network with other cards and merchant dongles (a USB device merchants will use for point-of-sale transactions.) Since Bitcoin itself uses a peer-to-peer network to confirm and verify transactions and the Bitcoin Card will create its own peer-to-peer mesh network (between other cards and dongles) will be able to enable access to that peer-to-peer confirmation network when transactions happen.  Transactions with merchants will always work (I expect at least, if they can access the Internet from a point-of-sale); but between people will require enough people also with cards around to form a suitable network.
According to the Bitinstant team the device is expected to go into production around January 2013 and that a single card will cost the consumer within a range of $10-$25.
Looking at the current mobile market, this sounds like its more than cheap enough to make these devices easily accessible by those who might want to use them.
For more information about the Bitcoin Card and Bitinstant’s excellent technical examination be sure to read further at their blog.

The BitcoinCard : Vienna, Austria Workshop

Sample Transaction

Below is a summary of bitcoin wallets and transactions shown in the video.

Participants (wallets):
  phone: 1252sHDMTuQNa6hjzLYqijaPmmgn6x6AgD
  card OWL: 1K5XZhjCwbLYHwys86FvepaHt6tFiWb35T
  card POOH: 1Q4VVTsx6vgYth7iD9WnAgHvAj239PMaoL
  laptop RABBIT: 19MN9uj6HWNKYdeKhTkA4BbAyMCpgZPN9

  Phone -> OWL: 0.002 + 0.0005 fee:
  OWL -> POOH: 0.001 + 0.0005 fee:
  POOH -> RABBIT: 0.0005 + 0.0005 fee:

How many bitcoincards should be produced within the first batch?

Geo-tagging future cards gateways 

Dear Bitcoiner!

Please help us estimate how many bitcoincards should be produced within the first batch in few months.

The Bitcoincard moves economic interaction offline, which significantly expands both turnover and the target audience. But, most importantly, it makes the clustered local growth of a new free economy possible. Everything starts from the small and mundane, from the things that we encounter on the street everyday. All we need to do is to try to live while using each others' services directly, without the participation of outside agents such as the dollar, and everything will be smooth sailing.

We need local leaders. In effect, anyone who uses a USB gateway for bitcoincards is a local leader of the new economy. He can design and launch new software that will help him to increase his earnings. It makes no difference whether it's through advertising or some other way; what is important is that he will be motivated to develop the surrounding network of bitcoin users. When all is said and done, all of us, as a society, need this.

So, please 
pick the approximate place on the map to locate your re-transmitters (in an ordinary urban setting, USB gateways have a range of 100 meters maximum), and point it with a marker.

Estimate the approximate number of people who pass this place from time to time (not necessarily that often, weekly sessions of on air meetings lasting seconds are sufficient). That is "B".

Think how many of them you could give a card (for starters, free of charge!), on the condition that they will conceivably start to use them on a daily basis. You may need to do a bit of explaining, of course. That is "A".

That way we will soon see the project reach the necessary size, and can optimize the expenses of the bitcoin mutual fund for production of the first batch.

The Bitcoin card should be promoted through the bitcoin mutual fund

Looking for a bitcoiner/corporate lawyer in one.

Dear Bitcoiner!

If everything continues to go the way it is now, in six months time we’ll be able to produce the first batch [of cards]. We already have the funds required for preproduction, but we do not yet have enough for the first large-scale batch.

We are convinced that the positions of fiat currencies and the financial sector will be challenged (sooner than many think) by the decentralized protocols of direct economic interaction. This process clearly offers tremendous opportunities for early adopters. You could exchange dollars for Bitcoins, but it is better to participate in Bitcoin projects. Our project is large enough to accommodate everyone who is currently interested in Bitcoin. We are confident that the red carpet has already practically been rolled out for the project.

To prevent the project from being endlessly hashed out at the early stages (by the rules of today’s financial sector, which is exactly what we plan to supplant), everything must be organized in Bitcoin’s traditional straight forward and unassailable manner: the method for keeping the register for the first bitcoin mutual fund must be arranged. The conventional money of ordinary VC will completely restrict our freedom.

On June 4th we (i.e. the project participants and engineers, along with a number of Bitcoiners/Bitcoin users) will converge on Vienna, Austria for a full reconnaissance session.

We are in dire need of someone who is well versed both legally and in Bitcoin, to plan out how the fund will interact with the everyday world while performing its singular task of producing and distributing cards. Write us, nominate candidates (yourself, if you want), and tell us who we need and why.