Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dasein
on 13/10/2014, 22:02:25 UTC
for all who have not read it yet
http://www.coindesk.com/apple-pay-threat-bitcoin/

$10 incoming!! Grin

Gotta say, that article seems incredibly misguided to me.

I think BTC might have issues with confirmation time right now that prevent a ton of in-store user adoption, but the long-term important advantage that BTC has, in my view, is transaction cost.  Apple isn't going to reduce transaction cost one iota for anybody in the chain, from what I can tell, but somebody pleae correct me if I am wrong.

For ordering online for next-day ship, fo airline tickets, for anything that doesn't require immediate change-of-possession, there is a 4%+ advantage to using BTC.

I just wish somebody would integrate a BTC wallet with gasoline pumps and come up with a way for me to put gas in my car while saving that 4%+, then split that savings with the merchant.

Apple just provides a slicker interface for using the same system of usury.

Apple Pay will always only work on Apple devices, thus limiting its ability to take the whole mobile payments market. Meanwhile it will build out NFC payment infrastructure and get the consumer used to mobile payments, paving the way for BTC.