Bitcoin Forum

Marc Andreessen （the header of Andreessen Horowitz）think BTC  is better than Apple Pay. How do you think about it?

I don't trust Apple with my credit card information any more than I trust Home Depot, Target, JP Morgan Chase, or Kmart.

And also pineApple  ;D ,

however bitcoin is a peer-to-peer electronic cash system  ... what is applePay ? It is only a NFC payment system  ::) .

The answer is they are not even comparable. This is like asking if your company's private intranet is a threat to the HTTP protocol. It's laughable, really. The two are not even in the same league.

https://i.imgur.com/2QJwyMY.jpg

Well JP Morgan will actually be the entity that would create your credit card information (LOL). Although the data breaches associated with all of the above companies were certainly annoying and inconvenient, they did not cause any actual financial harm to any consumers as consumers are not liable for any unauthorized transactions on their credit card. I personally think you should be fine entrusting your credit card information with apple.

The problem with apple pay vs bitcoin is that you have much higher fees (via CC processing fees that will be passed onto you) when you pay via apple pay while you would only pay ~$.04 when you pay with bitcoin

Absolutely.  It's decentralized, and also importantly: not an Apple product! 
I don't think you can compare the two, though I know everyone is.

Pretty much agree with this ^^ . I just don't trust people with my cc.

BTC is better.OK

In terms of adoption to these two products, the ppl are tending to trust Apple who hold creditability in the usability and scurity of its products from them rather than BTC. PPL read too much negative news from the media.

For me no comparison between them two but bitcoin comes as a winner always.

Well of course he would say that, but in my opinion they're two very different methods. Apple is obviously centralised for a start, and I think they'll gain adoption quicker, but hopefully btc will catch up over time.

First of all I believe we are comparing against 2 different things. With apple pay i can only use it at stores that accept the payment system. With bitcoin I can virtually transfer to anyone. Btc itself is a currency but apple pay is just a payment system

Yes is waste of time to camper something that has so little in common.

They are two completely different beasts. Apple pay is just another fiat payment processor whereas bitcoin is something that is completly revolutionary. Sadly Applepay will be adopted much quicker because there's not much that needs to be changed and it has the giant Apple behind it, but hopefully people will see the benefits of btc over time.

You can't compare bitcoins with it. It sure will get more attention to it but it's just like CC and others.

Apple Pay's counterparty risk is smaller, at least for now

Apple fans said Apple Pay is better
Bitcoin fans said Bitcoin is better

But, me personally bitcoin is much more better  :D
I only use Apple Pay if iPhone is very cheap & there are discount if you use Apple Pay  ;D
And Bitcoin have very big potential while Apple Pay don't have big potential as bitcoin

You should ditch your iphone and get another then pay with a bitcoin app. We need more people to move away from Apple until they get the message.

applePay is not a currency or an electronic cash system , bitcoin is ....  bitcoin  ;D.

That's brilliant, favorited/saved.

dream on...

Even if you know a little bit about bitcoins you shouldn't have compared to it.

btc is costlier to use than a CC. I can have 0 interest rate on my balance by paying it, shops take the CC fees, and I am insured. BTC on the contrary? quite expensive... fees, network energy intake, money supply growth, risks etc... but innovation comes at a price and there is alt:). And if you want to be fair, everyone can get a second hand Igadgets almost for free nowadays... who care of a 5s :D.

edit: WTF you have to pay with a fix biometrical data using apple pay... once your biodata is hacked, will see how secure is the thumb... no way - the mark? -

ApplePay will be worshipped as regular Apple product/service. It will be very usefull for it's users, but it's more like upgrade to current banking system, while Bitcoin is (r)evolution.

Really not comparable.

Not comparable. Apple Pay is improvement, while BTC is revolution.

Maybe for some, but not for us. Specially not for me.

A Bitcoin debit card with NFC chip will do the same as apple pay but even quicker.

I've had a NFC chip in my card for over a year now and have been wirelessly paying up to 50 euros without having to sign or introduce any pin code. Much quicker, just tab the terminal with your card and it's paid. Once again Apple pretends like they invented something that has been around for a very long time.

maybe, Apple  pay can use  bitcoin  for payments。so they dont be contradiction.which is better,the the user will give the answer.

https://www.cryptocoinsnews.com/applepay-double-spends-users-money-bitcoin-user-not-affected/

ApplePay Double Spends Users’ Money: Bitcoin User Not Affected

Earlier this week, Apple’s new mobile NFC payment network, ApplePay, went live. From its first few days of life, huge issues are already popping up regarding ApplePay’s security. Multiple users are reporting that using ApplePay has resulted in duplicate charges to their bank statement. CNN Money’s Samuel Burke found out about the double spends after forgoing a card swipe and using ApplePay at several merchants:

    I logged into my debit card account and found that I was charged twice for every purchase I made with ApplePay. A quick search on Twitter found other people with the same problem.

For security’s sake, Apple doesn’t keep any identifiable data for transactions, this means that this automatic error that has effected so many ApplePay users can’t be changed by Apple. Of course, Burke went to customer service at both Apple and Bank of America and was unsurprisingly directed from one to the other again and again. Burke was able to get the transactions reversed by his bank, Bank of America, only after an hour on the phone in a three-way call with both Apple and Bank of America. The money was charged twice by the merchant paid with ApplePay, meaning the issue is most certainly on Apple’s end. The issue seems to be isolated to users using ApplePay in conjunction with their Bank of America Debit Card, a very common occurrence. Burke heard from a source that Apple would be fixing this issue with their banking partner, and likely API, today on Wednesday. Apple declined to comment on the issue.

If you do not have credit card or money in the bank, BTC is better than Apple Pay.

Of course it is better than Apple Pay.
There are many kinks to workout with Apple Pay as it is Apple; they don't test prior to release...

That is right. How can you get an iphone if you do not have the money in the first place.

If this situation applies to you then you will likely not have money to buy bitcoin in the first place. Generally speaking people without money in the bank have very little money/assets in the first place, and the marginal benefits of bitcoin would be very little to these people

EDIT: as mentioned above, it is a good point that if you do not have money in the bank you will likely not have the means to buy an iPhone in the first place

Simple, bitcoin is better. You know why? Because of the community it has created in this years. And because of this strong community bitcoin is not going fall to any threat.

For me the btc is definitely better than apple pay.

BTC is a currency, Apple Pay is a transaction processing system.They're incomparable.

But one of the best things about Bitcoins is that you can work for them online, or sell things for them online. There is a a more clean-cut way of getting Bitcoins than trying to buy them straight out. My first Bitcoins (besides the minuscule amount of Satoshi from faucets) were from a graphic design job on here.

I found Bitcoins to be a lot easier to get then fiat money. Of course I needed internet first to find people who will pay in Bitcoins. But internet is a lot cheaper than an iPhone/service plan.

If someone doesn't want to use a credit card for personal reasons, or doesn't have money in the bank, but can work for Bitcoins, or sell products for Bitcoins, they are much easier to use.

As far as comparing them, I agree that Bitcoins are a currency and Apple Pay is not and it is silly to compare them in that light.

Bitcoin is a transaction processing system (with its own currency). If you disagree, then please tell me the purpose of the block chain.

Apple’s decision to get involved in the payment processing industry will certainly have repercussions for Bitcoin.Apple is beating bitcoin in terms of the customer experience. Its ecosystem is exceedingly user friendly and customer focused.

You can get and earn traditional fiat money just as easily online.
Apple pay is designed for people who have enough money for an iPhone and will likely be targeted to the more affluent crowd.
??? You are stating the obvious.

Apple is my favorite brand, I can't believe my life without apple. So apple is best for me.

The both are not comparable.

I think Apple Pay (even though I use apple products) is just another corporate scheme to make money off peoples laziness or ignorance. Most likely the latter.

I'm not sure why you're responding to me. I was posting to Eisenhower34, who said, "If this situation applies to you then you will likely not have money to buy bitcoin in the first place."

I was pointing out to them you don't need to buy Bitcoins to have them and use them.

I would say that it is a way to get more people to upgrade to the iPhone 6 then what would otherwise upgrade. The fact that the iPhones are proving to last longer then apple anticipated, owners of the iPhone have little other reason to upgrade other then apple pay

Bitcoin is a really new payment system,while the Applepay is the one built on the old payment.

There are a lot of people who have a lot of problems with apple. The fact that apple is such a large company, there are a lot of opportunities to create negative customer experiences. This is not possible with the decentralized nature of bitcoin

But i think, the ease to use them is the most crucial thing that BTC system still need to resolve.
don't mean to compare, but see the OS battle, every store owner still uses 'that' OS instead of that one which is open sourced and which should has better things.

My own experience, before i know how to use BTC, i need to know so much technical term (keys, wallet, blockchain, offline, cold storage, signing, address etc..) they are overwhelming at first, and may presents some 'obstacle'. Yes, there are services who make it easy for merchants to receive the bits, but i do hope that the store owners will not always directly exchange them to fiat currency