[quote name=“fjærmynt” post=“49999” timestamp=“1388938506”]
Thanks for enlightening me about the Apple App ban, I wasn’t aware of that. Here’s an article for those that are interested: [url=http://www.wired.com/wiredenterprise/2013/12/coinpunk/]http://www.wired.com/wiredenterprise/2013/12/coinpunk/[/url]
I highly doubt that a company of Apple’s stature would fail to recognize Bitcoin and everything that comes with it.
There are probably several sound reasons from Apple’s point of view for such a ban:
a) It gives them monopolisation of how crypto-currencies will flow within the whole “iEcosystem” of theirs. They could create an App, call it iMoney and have it work as a hub/wallet for all currencies. I guess that would be something similar to Ripple.
That wouldn’t be a surprise to anyone really, and it’s usually the trend of how business’s act and apply themselves.
Maximize profit to add to the profit, just for the profit + Minimize the availability of that profit to others = Power.
b) They’ve addressed it the wrong way and see it as a threat because their stocks are backed up against the dollar, all their payments are done with fiat using protocols such as Visa and Paypal. It comes down to being blinded by the fear of losing what they have.
c) Mixture of a & b.
I find it strange and kind of silly… This ban seems to be a law within Apple. So how far do they want to stretch this ban? [url=https://coinpunk.com/]https://coinpunk.com/[/url] seems to act more or less like an app through your browser. Are they going to ban web browsers because they have access to wallets online?
d) In all the ridiculousness of copywriting and patenting, Apple sues themselves for letting the iPhone be an iPhone. Demands a hefty sum and that iPhones be taken off the shelves. Their stocks start to plummet, so they reach an agreement to settle. The settlement figure would be too high to pay off by revenue and they solve the issue by cashing in (internally) on their stocks. They do this by creating iCoin and trade it for USD with their stockholders; meaning stockholders get to keep their shares which are now valued in iCoin.
As for the value of iCoin, Apple decides that it’s backed up against the iPhone. So the value of 1 iCoin would be how much of an iPhone it gets you. Making the currency less volatile and more stable than other digital currencies, which in hand convinces stockholders to go for the iCoin-USD trade.
FAKE EDIT: Haha, after a quick search Google tells me iMoney and iCoin exists.
Also this: [url=http://www.forbes.com/sites/jonmatonis/2012/06/13/why-apple-is-afraid-of-bitcoin/]http://www.forbes.com/sites/jonmatonis/2012/06/13/why-apple-is-afraid-of-bitcoin/[/url]
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No prob. It is quite interesting and it will eventually pass. Few other thoughts:
1. They allow wallets, e.g. Paypal and Google wallets on iOS just fine. Not sure why they won’t allow a digital currency but the reasoning seems to be that it could be used for bad unregulated activities.
2. Coinpunk should be fine as being a browser inside an app. Other apps like that that can potentially just format and display browser information are allowed; e.g. Craigslist app (but they banned display of adult images), any browsers besides Safari allowed, etc… they just have to prompt the +17 year old warning as a Mature/Adult app potentially - this would need to do the same to be approved potentially in the App store even though it has nothing related.
But then again, they as a private company have the right to do whatever they want. Their gain/loss.
-T
