Post
Topic
Board Speculation
Re: Apple Pay -- A Reason to Expect the Worst
by
Newbie1022
on 03/11/2014, 03:14:30 UTC
http://www.bloomberg.com/news/2014-11-02/apple-pay-to-fuel-chatter-new-products-at-money-20-20.html

It's not that ApplePay is better than Bitcoin -- it's not. It's not that ApplePay directly competes -- it does not. It's that Apple has a tendency to absorb all of the oxygen of anything even within a dart's throw of it. Money 20/20 being centered on ApplePay rather than cryptocurrencies like Bitcoin is just one demonstration of how the show has moved on to the next fad.

People who compare Apple Pay to Bitcoin as though they're direct competitors are idiots that either don't know much about bitcoin or don't know much about Apple Pay.  Or they're just click-baiting with titles to get traffic to their sites/threads.

Apple Pay is to Bitcoin as a Car is to Fuel.  Would you talk about how some car is better than a fuel?  Google Wallet is also another type of 'car'

Stop looking at Apple Pay as the enemy.  What if Apple decided to allow bitcoin transactions through Apple Pay?  What if Google Wallet followed with that adoption?  

Imagine how massive that would be.  

Yes, in the meantime, Apple Pay will steal a bit of thunder from Bitcoin as far as retail transactions go, but Bitcoin was never that close to being in retail locations at such a scale anyway.  I think we need NFC payments on a massive scale before bitcoin can ever hit that many retail locations.  

NFC used massively nationwide, will most definitely be followed by bitcoin used massively nationwide via NFC.  The whole QR/scanning is a joke and too much of a hassle.  Bitcoin is too early and needs to wait for proper hardware to be established first.

Keep trashing Apple all you want, but they're seriously paving the way.

Reading... it's fundamental. You more or less wrote the same exact post as me and yet wrote it in contrast. dur dur dur!!

LOL, dur dur yourself.  I wasn't disagreeing with you, I was disagreeing with people who make that comparison.  Sorry if it came off that way.  The only point where I disagreed with you is:

http://www.bloomberg.com/news/2014-11-02/apple-pay-to-fuel-chatter-new-products-at-money-20-20.html

It's not that ApplePay is better than Bitcoin -- it's not. It's not that ApplePay directly competes -- it does not. It's that Apple has a tendency to absorb all of the oxygen of anything even within a dart's throw of it. Money 20/20 being centered on ApplePay rather than cryptocurrencies like Bitcoin is just one demonstration of how the show has moved on to the next fad.

Without NFC, bitcoin will not reach the scale it needs for mass adoption.  Apple Pay / Google Wallet must succeed as predecessors to bitcoin in retail.  You called them a fad apparently, and that's why I wrote more to explain why there needs to be a stop to this antagonist view of everything non-bitcoin.  I don't think NFC payments are a fad, they're the future before the bitcoin future.


Fair. Sorry for the dickish response now that I know what you meant.