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Author Topic: Apple's War against Bitcoin means they want to create their own Crypto  (Read 3029 times)
tkbx
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March 10, 2014, 06:02:00 PM
 #41

No way this would happen. Too inconvenient for their users, too much work to develop, no real benefit for them.

If they did, though, it would certainly be:
a) centralized, or
b) closed-source and backdoored to start a miner botnet
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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March 10, 2014, 07:15:13 PM
 #42

I doubt the decision came from cook.  Mostly likely a compliance/ legal decision made from someone at least several layers down from Cook.  I doubt its even on his radar and probably not important enough for the APP store managers to bother him with.
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