29 Jul '16, 5pm

#bitcoin

#bitcoin

Here’s a scenario where this device could be used. You want to buy a car with Bitcoin. You go to the seller with an OpenDime, and begin negotiations. You try to haggle the price down to the exact amount that is on your device, but the owner won’t budge. He’s a stubborn jerk from New Jersey. You agree to his price and get your wife to add the missing funds to the address of the OpenDime you are carrying. She does this from her phone in Saint Petersburg. You go to the car owner’s computer, plug in the OpenDime. He sees that the Bitcoin is there, you shake hands, give him the OpenDime and the deal is done. He breaks the tongue on the OpenDime, and transfers the Bitcoin to one of his addresses so he can pay bills and do car dealer things. You now own the car.

Full article: https://medium.com/@beautyon_/exquisite-opendime-ad1195a2...

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