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Author Topic: You'd better sell when APPLE competes with bitcoin..  (Read 5622 times)
negafen
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September 05, 2014, 03:44:37 AM
 #81

Apple has nothing innovative left for their pretentious customer base *except* this new technology. If Apple bought Trezor and included it into iPhones, it would be their biggest win. They could sell high priced POS systems for their computer boutiques where customers can by a coffee for the price of what a poor asian family needs to eat for a week.

If they pull this new technology off. They don't need another innovation for at least 5 years.

Integrating their user based and making it easy for consumers to pay on star buck and McDonald is huge. Even bigger than the the integrating of Ebay and paypal.
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September 06, 2014, 02:45:21 AM
 #82

Apple has nothing innovative left for their pretentious customer base *except* this new technology. If Apple bought Trezor and included it into iPhones, it would be their biggest win. They could sell high priced POS systems for their computer boutiques where customers can by a coffee for the price of what a poor asian family needs to eat for a week.

If they pull this new technology off. They don't need another innovation for at least 5 years.

Integrating their user based and making it easy for consumers to pay on star buck and McDonald is huge. Even bigger than the the integrating of Ebay and paypal.

Sure a few more iPhone versions will come out, not to mention the iFap, posited to introduce Teledildonics to the masses.

Fortune cannot take away what she has not given.
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September 06, 2014, 02:32:19 PM
 #83

People is pretty stupid, but i dont think they are enough to buy iMoney  Roll Eyes
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September 06, 2014, 02:45:24 PM
 #84

how can apple compete with bitcoins, bitcoins are decentralized
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September 06, 2014, 04:25:51 PM
 #85

Funny thread title on Reddit:

Apple can't protect our pictures, so lets have them protect our money instead!
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September 06, 2014, 04:45:55 PM
 #86

You are confusing apples and oranges.
BCEmporium
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September 06, 2014, 05:10:28 PM
 #87


Makes me sick to read Apple explanation.
They failed miserabily by not setting password policies and then pin their fault on the total newbies that are their users.
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September 06, 2014, 05:27:08 PM
 #88


Makes me sick to read Apple explanation.
They failed miserabily by not setting password policies and then pin their fault on the total newbies that are their users.

I've just read that there was no time-lock for brute force attempts. Classical Apple.

Fortune cannot take away what she has not given.
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September 06, 2014, 05:40:44 PM
 #89

In my mind, and I think most others, Bitcoin is in competition with fiat, not with certain fiat-processors.

VISA, Mastercard or whatever is great for using fiat. However, fiat is not a viable long term solution for humankind.

I think Monero (XMR) is very interesting.
https://moneroeconomy.com/faq/why-monero-matters
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September 06, 2014, 06:51:04 PM
 #90

I completey with the title of this thread.  I strongly suggest all of you start so slowly sell your apple stocks..  Time has come and the writing is on the wall so put the money into bitcoin so you now crying later.  Thanks for the great advice OP. Wink
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September 06, 2014, 07:54:47 PM
 #91

I completey with the title of this thread.  I strongly suggest all of you start so slowly sell your apple stocks..  Time has come and the writing is on the wall so put the money into bitcoin so you now crying later.  Thanks for the great advice OP. Wink

Going short on AAPL may well be a smart move in this market, especially when one considers the utter incompetence and complete disregard for user's security demonstrated by Apple in the "celebrity nude photos hack". I mean allowing the brute forcing of passwords with no account lock-down period. This is 2014 not 1964. My thoughts are that going long on XBT is the way smarter move just as was the case in early September 2012.

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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September 06, 2014, 09:08:32 PM
 #92

All Apple is doing is reinventing the credit card.  The benefits of BTC are that because it's decentralized, it's cheaper than any other payment method could be and can't be censored.  Good luck sending $10,000 to somebody on the other side of the world for no cost in seconds with Apple's currency Wink

Not to mention the fact that if they get hacked then your CC information could be stolen.  With BTC you are the only person in charge of your money, and that is a huge benefit in today's world with hackers always looking for a way to make a quick buck

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September 06, 2014, 09:14:42 PM
 #93

All Apple is doing is reinventing the credit card.  The benefits of BTC are that because it's decentralized, it's cheaper than any other payment method could be and can't be censored.  Good luck sending $10,000 to somebody on the other side of the world for no cost in seconds with Apple's currency Wink

Not to mention the fact that if they get hacked then your CC information could be stolen.  With BTC you are the only person in charge of your money, and that is a huge benefit in today's world with hackers always looking for a way to make a quick buck

But Apple is one of the premier consumer technology companies in the world, their products could never get....oh wait
grappa_barricata
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September 06, 2014, 09:40:11 PM
 #94

Oh my god... I just realized that iMoney will be backed by Frappucinos.

Fortune cannot take away what she has not given.
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September 07, 2014, 01:04:46 AM
 #95

All Apple is doing is reinventing the credit card.  The benefits of BTC are that because it's decentralized, it's cheaper than any other payment method could be and can't be censored.  Good luck sending $10,000 to somebody on the other side of the world for no cost in seconds with Apple's currency Wink

Not to mention the fact that if they get hacked then your CC information could be stolen.  With BTC you are the only person in charge of your money, and that is a huge benefit in today's world with hackers always looking for a way to make a quick buck

This is true only if one uses a Free Libre Open Source Operating Software system such as GNU/Linux to store and / or enter the XBT private keys. If one uses a propriety operating system infected with DRM and linked to a cloud service such as those sold by Apple and Microsoft then the risk that the XBT private keys suffer the same fat as those celebrity nude photos still remains.

Edit: By the way the same applies to fiat banking credentials, so this is less a fiat vs crypto-currency issue than a propriety software vs FLOSS issue.

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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September 07, 2014, 01:08:53 AM
 #96

All Apple is doing is reinventing the credit card.  The benefits of BTC are that because it's decentralized, it's cheaper than any other payment method could be and can't be censored.  Good luck sending $10,000 to somebody on the other side of the world for no cost in seconds with Apple's currency Wink

Not to mention the fact that if they get hacked then your CC information could be stolen.  With BTC you are the only person in charge of your money, and that is a huge benefit in today's world with hackers always looking for a way to make a quick buck

This is true only if one uses a Free Libre Open Source Operating Software system such as GNU/Linux to store and / or enter the XBT private keys. If one uses a propriety operating system infected with DRM and linked to a cloud service such as those sold by Apple and Microsoft then the risk that the XBT private keys suffer the same fat as those celebrity nude photos still remains.

Edit: By the way the same applies to fiat banking credentials, so this is less a fiat vs crypto-currency issue than a propriety software vs FLOSS issue.
Bitcoin needs to be so secure you can use it at an internet cafe.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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September 07, 2014, 01:13:46 AM
 #97

Its not avaliable on computers, or other smartphones so its only avaliable through apples walled garden. Since its apple, there will probably be ridiculous fees as well.

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September 07, 2014, 01:24:42 AM
 #98

...
Bitcoin needs to be so secure you can use it at an internet cafe.

The current reference Bitcoin client running on GNU/Linux meets this requirement.

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
williamj2543
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September 07, 2014, 01:26:41 AM
 #99

...
Bitcoin needs to be so secure you can use it at an internet cafe.

The current reference Bitcoin client running on GNU/Linux meets this requirement.
It's secure if you use 4g, I highly doubt big communications providers will be stealing your bitcoin

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September 07, 2014, 01:38:59 AM
 #100

...
Bitcoin needs to be so secure you can use it at an internet cafe.

The current reference Bitcoin client running on GNU/Linux meets this requirement.
It's secure if you use 4g, I highly doubt big communications providers will be stealing your bitcoin

Quote
"Encryption works. Properly implemented strong crypto systems are one of the few things that you can rely on. Unfortunately, endpoint security is so terrifically weak that NSA can frequently find ways around it."
Edward Snowden Read more: http://www.businessinsider.com/edward-snowden-email-encryption-works-against-the-nsa-2013-6#ixzz3CabvH0t2

The weakness is in the end points which more often than not are DRM infected propriety operating systems sold by Apple or Microsoft or a data centre controlled by some large corporation. The network itself does not need to be secure if the crypto is implemented properly, and the end points are secure.

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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