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March 07, 2012, 03:49:17 AM Last edit: March 07, 2012, 06:57:08 AM by ArticMine |
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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.
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