Apple Pay vs Bitcoins

[aesma]

I don't own anything Apple, never have never will, because they want to control everything, so paying using an Apple thing is just asking for less freedom even.

Google is not different from apple. They are both shit and evil.

I owned both android xperia and iphone and i enjoyed both. (tbh, i liked iphone more) One thing disturbed me with android phones is that they are fliling their phones with so many useless bloatwares and it really fucks up your device. (i know you can install cyanomod or smth but i don't have time for this)

Apple doesn't do that. Because google is a fucking adcompany. It was a search engine in the beginning but lately they turned out into an ad-company. You think apple collects data about every step you do and google does not? Both do that.

And, apple. They were fucking selling 16gb phones until this september. That's fucking evil. I purchased a 64gb 6s 2 months before the Iphone7 promo, and they came with 32gb versions as a starter pack. Fucking shits.

TLDR; Apple=Google=Horseshit

Of course Google stores what you do on the web, but that has nothing to do with Android.

At least with an android phone you can install whatever you want, not just what Apple allows.

[abugseuf]

yes there is nothing wrong to apple pay, that is also too good, but i personally use bitcoin, as i have fully trust on bitcoin, i thin bitcoin never create problem for me, therefore i like to use it for ever.

[mastica]

Phones are something that we do loose walking into the streets, i wouldnt use apple pay because of that, the risk to loose the phone is huge, for other side bitcoin i just use it into the computer and its stored online, the wallet id as well the permission to access my account, i do like bitcoin even with have to wait some minutes to transaction be confirmed.

[Yakamoto]

I personally think that while Bitcoin doesn't have as many merchants that accept it and it takes a little longer, it is far better than Apple Pay. Apple Pay is just Apply trying to involve itself more when it comes to other people's finances and so, and it is another money-making scheme which can effectively just hand over more control to Apple.

[richardsNY]

Phones are something that we do loose walking into the streets, i wouldnt use apple pay because of that, the risk to loose the phone is huge, for other side bitcoin i just use it into the computer and its stored online, the wallet id as well the permission to access my account, i do like bitcoin even with have to wait some minutes to transaction be confirmed.

If you at some point want to pay for your daily needs with Bitcoin in your local store (assuming they accept Bitcoin payments), then you have to take your phone with you as well. And nowadays people don't walk outside without having their smartphone in their pocket. In that aspect this isn't an issue at all.

[jbreher]

The ignorance - it burns. Read more. Bloviate less.

Different things that solve different problems.

[JeffBrad12]

Phones are something that we do loose walking into the streets, i wouldnt use apple pay because of that, the risk to loose the phone is huge, for other side bitcoin i just use it into the computer and its stored online, the wallet id as well the permission to access my account, i do like bitcoin even with have to wait some minutes to transaction be confirmed.

Oh god, that's so pathetic for me. you aren't using the apple pay and already doubt about losing your phone. nice jokes man    So apple pay just providing for accessing  their features just from your phone, dude.

[pooya87]

Phones are something that we do loose walking into the streets, i wouldnt use apple pay because of that, the risk to loose the phone is huge, for other side bitcoin i just use it into the computer and its stored online, the wallet id as well the permission to access my account, i do like bitcoin even with have to wait some minutes to transaction be confirmed.

If you at some point want to pay for your daily needs with Bitcoin in your local store (assuming they accept Bitcoin payments), then you have to take your phone with you as well. And nowadays people don't walk outside without having their smartphone in their pocket. In that aspect this isn't an issue at all.

for any kind of payment, you have to take something with you! it is either cash in your pocket, a card, your phone or apple watch. the main question is which one of these is the shop you are visiting is accepting.

[18thacccount]

Why do you include the confirmation? I think plenty of businesses might take no-confirmation transactions for small purchases particularly those occuring in real life "like the risk of someone buying using a stolen creditcard", Also BTC is a whole system and Apple pay is just a website and an app with a central authority.

[JANGKRIK BOSS]

Why do you include the confirmation? I think plenty of businesses might take no-confirmation transactions for small purchases particularly those occuring in real life "like the risk of someone buying using a stolen creditcard", Also BTC is a whole system and Apple pay is just a website and an app with a central authority.

Compare apple pay vs Bitcoin is not fair and too many factors of different. If we want compare apple pay vs googlepay, the system is same. But if we compare for market capital maybe all peoles know that bitcoin is leader than apple pay or google pay

[drwtsn32]

Good point. But I don't see bitcoin in the future to be a method of payment. Instead, bitcoin targets "investors" more than the "consumers".
I mean, each of them have their own usage.

[gkv9]

Good point. But I don't see bitcoin in the future to be a method of payment. Instead, bitcoin targets "investors" more than the "consumers".
I mean, each of them have their own usage.

Bitcoins doesn't target anyone, instead "investors" are targeting this currency for their own profits...
And now back to the topic, bitcoins are meant to be used by everyone and not just investors, as you can see that the price stability is also there...
So, it can actually be used as a mode of payment if one really wants to use it, because of its low fees and easy-to-use interface which lets you send your money in a fraction of a second...

[zahra4577]

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

But the problem with Apple pay is that only expensive Apple product users can use it while bitcoin is for everyone.Apple pay is rich people payment method

[rajasumi2]

When you go into a store and want to buy goods. You can either wave your apple watch og iphone at a terminal at the register. It will take you around - 3 seconds.

Or you can pull out your smartphone. Log into your wallet. Scan someones 2D bitcoin code. Send them some bitcoins, wait for the transaction to be verified, and then take your goods and go.. total time 10mins +

Can someone tell me how bitcoins will ever stand a chance?

i have never heard of apple pay .and paying through bitcoin wallet is yet to come and it takes quite a time for any transaction to come..well apple would never allow bitcoin transaction .they will always start a new transaction system  of their own and rarely it can happen that bitcoin transaction will be accepted in buying products until and unless the price of bitcoins at a steady rate and so that security is high enough to be safe always ..kudoos

[ethan_nx]

Honestly until the problem of transaction speed is solved, I do not think Bitcoin will become a common payment method. There are several BIPs on the topic, but there are several factors before (native) Bitcoin can expand to local sellers and a full-stack solution must be developed:

1. A method for fast transactions must be developed and commonly accepted as THE solution (well, one or a few methods). Lightning Network is one of the solutions.
2. Mobile wallets must implement the payment methods.
3. POS terminals need to be created.
4. Someone needs to convince sellers :-)

Each of the points represent a challenge. I did buy a coffee a few times and the coffee shop's POS was accepting 0-confirmation transactions.

0-confirmation payments are not that crazy. The risk someone maliciously double-spends (does a race attack actually) when shopping in a groccery store is pretty minimal.

Other than that, the topic is not new ;-)

[jbreher]

0-confirmation payments are not that crazy.

Indeed. Back when the maxblocksize was big enough that one could pretty well count on any given transaction being included in the next block or so, they were reliable enough for a great many business use cases. Now with chronic backlog and RBF, they are nothing but an invitation to scammery.

[n691309]

Do you want a perfect combination? Link your bitcoin debit card with you apple pay account and you can easily spend the bitcoins in 2 seconds if you want, of course maybe there will be a very small fee but i think it worth.

A bitcoin debit card? Is there even such a ting? It goes totally against the decentralization principle of bitcoin. The idea should be investigated though, but i dont see it happening.

Imagine a terminal that communicates with NFC, that could talk to a bitcoin app on your phone?

Haven't you heard about it before? There are many companies which offer  bitcoin debit card in plastic mode and in virtual mode so you deposit bitcoin there and spend like a normal card, apple pay combined with bitcoin debit card is perfect.

[MingLee]

Apple pay is a considerably more invasive system that just gets deeper into your information and privacy, which means that they're going to have more data on you can they would be able to develop plans around what to sell to you, what you like to buy, your finances, etc. Bitcoin doesn't develop a profile on you or anything. You just exist as an alphanumeric string.

[jerowacik]

Apple pay is a considerably more invasive system that just gets deeper into your information and privacy, which means that they're going to have more data on you can they would be able to develop plans around what to sell to you, what you like to buy, your finances, etc. Bitcoin doesn't develop a profile on you or anything. You just exist as an alphanumeric string.

yes. with these two bitcoin is more promising because bitcoin is not bound to anything. bitcoin system is standalone and is not affected by a variety of other things.

[jbreher]

i have never heard of apple pay

Last month in Tokyo:



Hmm... interesting escalator handrail - what's that?



Suica? It appears to me that Japan's public transport runs on Suica. It's a kind of prepaid/debit NFC card system that operates the turnstiles. Over 5 million Suica transactions are processed daily, if memory serves.

And what's that co-branded with Suica? Could it be ... Apple Pay? I think it is. Right here in Shinagawa station (daily traffic well in excess of 1/3 Million commuters):

https://en.wikipedia.org/wiki/Shinagawa_Station

Co-branding even more prominent at the main gate:



Indeed, one can now use Apple Pay on an iPhone to cross the turnstiles on most public transport in the area.

Incidentally, Apple Pay is now the fifth largest payments platform.

http://1reddrop.com/2016/11/11/apple-pay-now-5th-largest-payments-platform/

I would never claim 'Apple Pay is better than Bitcoin'. In fact, the two serve radically different use cases. But Bitcoin or no, Apple Pay is an important innovation.

To speak to dreamer's inquiry... Bitcoin is safe in the face of Apple Pay, as Apple Pay is merely a better payments channel than other payment channels over which fiat flows. While way better than alternatives in many respects, Apple Pay is still not a non-inflationary currency/commodity and store of value untainted by the financial elite - as is Bitcoin.