Seems Apple is planning to release a currency of their own.

[johnyj]

At a higher abstraction level, everyone with some valueable asset could issue some money that is backed by that asset

The problem is that no one oversee how much money they issue, and no one knows if those assets are kept intact. Besides, those money could only be used to redeem their asset, thus do not have the universal equivalence property

And forget about apple, Iphone5 has proved that after Jobs left, no one can create something that has Apple's spirit, and this market is already very saturated

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[oakpacific]

This could explain the price drop of Bitcoin yesterday.
Apple releasing an eCurrency does sound like a possible threat.

However; if it turns out to be just another digital 'gift-card', then it might even be good news for Bitcoin in the end, because of the expected increase in media attention for eCurrencies.

Of course it's just another 'gift card', or are you telling me that Apple will somehow allow you to get their coins, wait for the price to go up, then come back to buy their products at 1/3 the price?

[Gabi]

Their coin is a threat to bitcoin exactly like iOS is a threat to Android: Android is kickassing iOS 

[lexxus]

Please somebody launch a new trash-fork alt currency AppleCoin 

[PrintMule]

why do you need apple bitcoin wallet, better off with some online wallets.

Imagine having to download blockchain over 3g

[tokeweed]

why does apple need a patent for just another "gift card"?  this has to be something big.

some people here are underestimating apple's plans and overestimating bitcoin's invulnerability.

do not forget, apple has been hoarding cash and has over 100 billion usd in its war chest.

[gog1]

Apple will go the way of the Blackberry in 18 months.

Read this: http://www.coindesk.com/apple-to-create-virtual-currency-imoney/

What do you think?? I think they should thread really carefully with this. They block bitcoin related apps in App Store and then they go and do this.

I am an Apple fan and have some apple products but this..... Well. Not sure...


What do you think?



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