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Fact is, I won`t be upgrading to the iPhone 3GS and I don`t think I`ll be paying for anything like that.
It looks more like you just wanted to point out that Australia has less debt per capita than the US. And? The US has bigger guns than Australia. Equally invalid and pointless, but true nonetheless.
Anyways, I would never trust any individual, and especially not my drug dealer, if he stopped tapping away on his iPad, pulled out his iPhone and said, "Nah man it`s cool, I do this all the time."
I actually really like this idea, and if they can find a way of making it more secure, then I would consider getting an iphone (not soley for that, but it would certainly add to the reasons why I should).
That being said, it`s not very hard to steal peoples credit card information if you have enough time/commitment, The Real Hustle showed that it could be done.
"Because electronic money is traceable"Yes, but most transfers done via shops, or ATMs will tell you what happened (it does on mine; telling me where I bought stuff, how much I payed), but it doesn`t say /what/ you bought. It would make finding the people slightly easier, but only slightly.
I see your post and raise you...
Fred, Age 9: "So... when is this comming for Genesis?"
Fred, Age 20: "So... When is this comming for PC?"
Fred, Age 22: "So... When is this comming for Android?"
Perhaps a step into future technology, but we just shouldn`t do it with our current cards.
Do you know why drug dealers use cash?Because electronic money is traceable. Your bank, the IRS, the NSA and every 2. class cracker know (or can get to it) what you bought, where, when, from whom, what you payed.
besides that, i think this product has flaws, but a good idea nonetheless.
Exactly. If you see anything unusual near the card reader the next time you use an ATM or pay at the pump, don`t use it.
Five minutes later, I have all the porn on the internet payed for, and a one way ticket to Guam.
I was just thinking something similar. The fact that this is -so- easy frightens me as well.