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Author Topic: Apple iWallet?  (Read 983 times)
Splirow
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March 06, 2012, 09:45:20 PM
 #1

interesting........


http://www.streetinsider.com/Corporate+News/Apple+(AAPL)+Said+to+Gain+Key+Patent+for+iWallet+Virtual+Payment+System/7245849.html
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schnell
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March 06, 2012, 09:47:48 PM
 #2

Problem is, they can't sue bitcoin.
Apple will fail.
EDIT: Okay, just read it and it isn't really very much to do with bitcoin, but they might pull a sopa and change it once they have the initial patent.
ArticMine
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March 07, 2012, 03:49:17 AM
 #3

This is excellent news for bitcoin as it effectively creates an "Apple tax" on the competition in a critical market, namely the online purchase of goods and services by adolescents. By the way Apple will succeed here; however their invention has nothing to do with bitcoin. With bitcoin the parent can simply transfer a predetermined amount of Bitcoin to the child, which is no different from giving the child a cash allowance, effectively sidestepping the Apple patent. If on the other hand the parent wishes to use say a credit card then the "Apple tax" will have to be paid.

This is pay Apple or use bitcoin.

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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