BOOM! BREAKING: Apple to allow bitcoin transmitting apps in AppStore

[BawsyBoss]

This sounds great. However, I won't truly believe it until I see a BTC app in the app store.

[medUSA]

It is good news. It will not make much difference though. Apple is not accepting bitcoin as a payment for apps, they are merely allowing bitcoin apps to make transactions. iPhone users have been using Blockchain Wallet for the past anyway. Allowing a bitcoin apps will make the use of bitcoin a little bit easier, but not by much.

[williamevanl]

It is good news. It will not make much difference though. Apple is not accepting bitcoin as a payment for apps, they are merely allowing bitcoin apps to make transactions. iPhone users have been using Blockchain Wallet for the past anyway. Allowing a bitcoin apps will make the use of bitcoin a little bit easier, but not by much.

Seriously though, you have to realize what this will do for adoption. It's not really about the tangible things that come immediately out of it, it's about the sentiment that comes with them conceding that they are OK with Bitcoin.

[freedomno1]

I will look forward to seeing the apps that were previously removed from the Apple App store seeing a rapid revival
Also I wonder how this affects blockchain since they purchased something related to that the Zeroblock app
http://blogs.wsj.com/moneybeat/2013/12/26/doing-ma-with-bitcoin-blockchain-buys-zeroblock-app/

[Mythul]

Omg mega vertical climb incomming. This is going to be one hell of a ride.

[bitcon]

mooning "soon-ish"

[ElectricMucus]

Rocket fueling...

The good news for bitcoin is converging....expect a big uptick in price in the next 2 months.

TO DA MOOOON!

lol if you unironically post like that.

[Mervyn_Pumpkinhead]

Funny to read how people react to the news here.

Apple dis-allowed bitcoin transmitting apps in AppStore - No one cares about apple, blah, pure FUD, won't affect the price for sure.

Apple allowed bitcoin transmitting apps in AppStore - BOOM! BREAKING!! M-M-M-MEGANEWS!!! THE PRICE WILL NOW GO THROUGH THE ROOF, THEN TO INFINITY AND BEYOND!!!!1

[btc6000]

Funny to read how people react to the news here.

Apple dis-allowed bitcoin transmitting apps in AppStore - No one cares about apple, blah, pure FUD, won't affect the price for sure.

Apple allowed bitcoin transmitting apps in AppStore - BOOM! BREAKING!! M-M-M-MEGANEWS!!! THE PRICE WILL NOW GO THROUGH THE ROOF, THEN TO INFINITY AND BEYOND!!!!1

That's because most people, and even more so investors, are naturally optimistic. You see the same behaviour in any share/ finance forum. Theres also a psychological barrier to shorting, as it doesn't feel natural to make money when the price is falling.

It's human nature, get over it.

[chanz]

That will be awesome, but i still not buy their over priced shit.

[okthen]

Fasten your seatbelt, we are going vertical !

It won't reach the vertical stage until at least 5 digits.

We're still all early adopters.

When it reaches the vertical stage, how much do you think it will rise per day? (on average). When will we hit moves of over $100 per day?

The "vertical" stage just means that the exponential rise is coming to an end. If you take an exponential rise (and smooth away the booms and busts) and plot in on a liner scale, it will ALWAYS look vertical.

On average, bitcoin has been doing this:
rising roughly 10x per year
doubling every 100-ish days
increasing by 22% (ish) per month
increasing by two-thirds of one percent per day

That means we'll expect to hit $100 per day when the price itself hits about $15,000, which should be a little over a year from now.

Caveat: I'm calculating assuming a smooth rise, and of course there's lots of superimposed noise that places lots of room for error in those calculations.

Hmm I think we're about to reach the vertical of another bubble. Not the definitive vertical that will take us to da moon, but maybe one step further.

[Mervyn_Pumpkinhead]

Funny to read how people react to the news here.

Apple dis-allowed bitcoin transmitting apps in AppStore - No one cares about apple, blah, pure FUD, won't affect the price for sure.

Apple allowed bitcoin transmitting apps in AppStore - BOOM! BREAKING!! M-M-M-MEGANEWS!!! THE PRICE WILL NOW GO THROUGH THE ROOF, THEN TO INFINITY AND BEYOND!!!!1

That's because most people, and even more so investors, are naturally optimistic. You see the same behaviour in any share/ finance forum. Theres also a psychological barrier to shorting, as it doesn't feel natural to make money when the price is falling.

It's human nature, get over it.

Yes, stupidity is part of human nature, and I don't want to get over it, since I enjoy reading things that are funny

[master-P]

Does this really make much of a difference? I see more and more people nowadays choosing cheaper alternatives over iPhones. I guess we'll be seeing developers making bitcoin IOS apps soon, but don't really expect this to have much of an effect on the adoption rate of BTC.

[gentlemand]

I guess the average Apple user is more affluent and tech savvy/brainwashed than one of them Android losers. I'm a WP8 so no one loves me.

[Mitchell]

I guess the average Apple user is more affluent and tech savvy/brainwashed than one of them Android losers. I'm a WP8 so no one loves me.

Average Apple users more tech savvy then Android users? In what alternative universe do you live?

[gentlemand]

My own lovely one. Tech savvy as in being keen to spend stupid amounts on the latest gadgets and staying on top of the latest developments.

[Mitchell]

My own lovely one. Tech savvy as in being keen to spend stupid amounts on the latest gadgets and staying on top of the latest developments.

Oh, I see. Yes, that describes Apple users quite well. Just don't see how the loser part fits with the Android users. I'm an Android user myself and I wouldn't describe myself as a loser, nor the OS itself.

[gentlemand]

An Apple user would. I watched a documentary recently about Apple obsessives who refused to date non Apple users. That's how desperate it is.

Anyway I can only dream of Android. I would prefer to die than suckle on the Apple teat.

[DolanDuck]

My own lovely one. Tech savvy as in being keen to spend stupid amounts on the latest gadgets and staying on top of the latest developments.

Oh, I see. Yes, that describes Apple users quite well. Just don't see how the loser part fits with the Android users. I'm an Android user myself and I wouldn't describe myself as a loser, nor the OS itself.

Apple and Android aim at two different types of costumers.
If you like to be able to fully customize your phone and are more of a tech geek, then I would go for the Android.
If you prefer a smartphone that's simple and gets the job done, then I would go for Apple.

[the_sunship]

Apple is smart and have excellent products. Having said that, they've convinced their users to stick with them even though a good windows machine can be used 3 times as long even with multiple os updates.

It's more than just buying tech, it's also fashion and status symbol. I have friends who seem to be buying a new Mac every year just because they want it, not because they need it. That's just fantastic marketing. Bitcoin will certainly be helped by those who are "apple only". Many people are, no need to fight them.