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Author Topic: 2013-05-09 TechCrunch: Mobile Gift Card App Gyft Partners With BitPay To Start  (Read 2156 times)
Kikkerdril (OP)
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May 09, 2013, 02:40:53 PM
 #1

2013-05-09 TechCrunch: Mobile Gift Card App Gyft Partners With BitPay To Start

http://techcrunch.com/2013/05/09/mobile-gift-card-app-gyft-partners-with-bitpay-to-start-accepting-bitcoin-payments-on-its-android-app/

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Gyft allows you to purchase gift cards at over 50,000 retail locations in the US, including: Brookstone, Lowes, GAP, Sephora, Gamestop, American Eagle, Nike, Marriott, Burger King and Fandango. So, technically, you’ll now be able to use bitcoin to pay for a Whopper. That’s progress, right?
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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leemar
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May 09, 2013, 03:19:54 PM
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"So, technically, you’ll now be able to use bitcoin to pay for a Whopper. That’s progress, right?"   

Nice
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May 09, 2013, 03:50:13 PM
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I can't figure out how to use this app... help?!
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May 09, 2013, 03:54:26 PM
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... The fact that it’s Android-only shows that we’re still a long ways off for bitcoin in the mainstream, as it’s going to take a lot for Apple to one day accept any type of wallet integration into its own apps.  ...

This is not true. The fact that Bitcoin apps have not passed the Apple censor board does not mean that Bitcoin is not mainstream, it does mean, however, that in the process of becoming mainstream Bitcoin may have to take down Apple since Apple's primary business model based upon censorship, control and stifling innovation.  The biggest obstacle in the way of Bitcoin is not "the state" or "the banking system" but rather the lockdown of people's computing devices with DRM by companies like Apple.

One simply cannot have truly disruptive innovation in an environment where one has to get permission in order to innovate.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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