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by philbarr
4330 days ago
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So in which situations would you buy something? Not trying to be snarky or anything, I know yours is a common opinion so I'm just wondering what would be a less offensive way to test the waters? Perhaps - do the conversation, leave some contact details, give them the papers but just say, "look, no pressure, I'll leave this with you and let you think about it." Then see how many people get back to you? |
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They showed a video of what the card would do and how it would work. I actually have no idea if it will work, or does work, but it looks like it works in the video. It looks like they have something awesome. And it won't be $2000 to buy one.
They said, it should be ready within a year and you can reserve one now for 50% of the sale price (regular price $100).
So I bought one, even though I am aware that the product might never come to fruition and that my $50 might disappear. A lot of other people bought, too. I have gotten updates and I have no reason to believe I won't get my product and I'm excited that I got in on it.
But...
What did I buy, really?
I saw a guy on a video using Coin, showing how it would work, selecting different options on his card, answering all my potential questions. Man, it sure looks sweet and I can't wait to have one...
except...
did Coin really exist or did they just do a video to show how it could exist? Does it matter? I have pretty good video equipment and coding skills...and I've even hired actors for videos and done pretty well...what would stop me from hiring an actor, shooting a commercial for something like Coin, and then collecting thousands of dollars to fund the actual creation of the product?
Nothing. I just didn't think of it and didn't act on it, and they did. I'm not saying that's what they did at all, I'm just saying that could be done.
That's market validation. They sold thousands of Coin based on their idea. I have no idea if they even had working code or product, or if they were just validating whether it would sell.