Marc Andreessen (the header of Andreessen Horowitz)think BTC is better than Apple Pay. How do you think about it?
Here are my thoughts:
- Comparing BTC to Apple Pay is like comparing USD to Apple Pay. BTC is a currency, Apple Pay is a transaction processing system. They're incomparable.
- As far as BTC use in retail vs. Apple Pay, I think Apple Pay could hinder BTC transaction adoption at the consumer level. For instance, Apple Pay would hurt BitPay and other BTC transaction systems.
- It's true, Android has had NFC for years, but they have lacked wide-adoption. Apple doesn't necessarily bring a new idea to the table, they just execute better. Hopefully Apple Pay will help broaden use of NFC as a whole, and with that, hopefully it will make BTC usage easier in the future. So it's not really BTC vs. NFC - it's more like Apple Pay and NFC could be a the stepping stone to mass BTC usage.
Lastly, Marc Andreessen is heavily invested in BTC, so it's obvious he would say that. He should have said that BTC is incomparable because it's a currency, but he wanted to make a broad (and stupid) statement I guess. My point being - read between the lines. He's biased. It's like Tim Cook saying Apple Pay is better than BTC, well no shit.
Yes is waste of time to camper something that has so little in common.