I didn't really read that as making it not possible to transfer between users, but that could be the case. Still awaiting more info.

The bitcoin cards could both store a copy of the signed transaction and the first to connect to a gateway could broadcast it to lock it in.

Subbed.

A)I believe I have missed something. I've read through 6 pages of post. I don't see anywhere where it verifies the person sending you the bitcoins actually has them. Can I make a copy of my wallet at one point in time, clone it to a second SDCARD, put it on 2 ellets and send money to 2 people? It doesn't store the blockchain. So if you are in a place with no wireless and no cellular, I can't possibly see how you can't clone your wallet and spend twice. I mean hell, someone can find a way to open one, kill the antennae, and just walk around spending a bucket load of money at say a trade convention. Lets go a step further. Find the spectrum this uses and kill it with a jammer. You could walk around all day just going "oh look, no signal here. Have 30 bucks" and disappear into the shadows.

B) As others said. The name isn't very good, but whatever. It doesn't flow if you ask me.

C) This will be hacked. Saying it can't, just makes you a bigger target. This deals with money, you already have a large mark on your back. See: iphone, onstar, etc

D) I'd say an app I can put on any phone I'm already I'm carrying in my pocket would be a huge plus. I'm not opposed to another device, depending on the size. When you carry a gun in one pocket, earbuds,gum,cellphone in another and a wallet in one back pocket, you really don't wan't to have leave an implant in the other cheek.

E) If you can get it to the right size and display the time, this would make a great watch replacement. Heck, I still might build a strap to keep it on my wrist, no worries about theft under a long shirt then.

EDIT:F) Accept credit cards. I got a square up device a bit ago. This is awesome for me when I'm at shows. Instant payment that everyone already has, especially when they don't carry around a few $100 in cash. As for the fee, I add it to their total.

Cheers to that. I actually like this concept for even selling locally to non friends.

As far as "A" goes you mis understand how transactions are proccesed with lite bitcoin clients. This device verifies from multiple servers to increase confidence and will output the level of confidence it has when sending,recieivng or checking balances. Something bitcoindcard dosent have the proccessing power to check for(although that is an assumption about bitcoincard specs i could be wrong)

Although this post is on a Bitcoin forum and the title says "The world's first handheld Bitcoin device", this is not in fact being marketed as a Bitcoin device to the outside world (which is arguably why it will succeed). Bitcoin is just one of many currencies usable.

As mentioned before, I don't want to get into technical specifics as things can change during the manufacturing process and some options and features may no longer be viable, while new ones may present themselves.

The only payment service I can absolutely guarantee will be on it will be Bitcoin. Everything else will need to wait until the formal press release. Thanks for your patience.

The keys do not have to be on the server for the device to be snappy. Try BitcoinSpinner for android or the Ellet once it is publicly available.

Update: Added the following update to the first release statement.

• Connectivity -- The Ellet can connect on the go to any mobile network around the world, no need for any additional mobile accounts, bothersome SIM cards, or the purchase of any external repeater systems. It also works on Wifi too to provide you with uninterrupted signal to suit your needs.