Blockchain’s Response to Apple(blog.blockchain.info) |
Blockchain’s Response to Apple(blog.blockchain.info) |
However, outrage is what it takes to get them to give ground. Take the ban on cross compilers and interpreters in apps for instance. It took substantial protest and outrage to get them to ease the restrictions.
http://allthingsd.com/20100614/apple-gives-ios-developers-a-...
Sure, I can switch to Android but A) I don't really want to do that and B) losing a handful of Bitcoin enthusiasts to another platform is really not going to dent Apple in any way.
Bitcoin people are not a random demographic, they are early adopters, many are entrepreneurs, most are young.
I doubt they could care less.
And then move to palm, windows, webos.. because moving to android will just make you do the same thing to google in a couple months.
Well, that, and a bunch of media, law enforcement, and legislative attention.
> Bitcoin’s use for international payments from family members sending money home to support entire communities in the developing world and for charity fundraising and fund distribution will be severely affected by this decision.
Can't they just use their web browser?
Normal currencies and online currencies suffer from these same 3 issues though.
The reason Apple has issues with other payment methods on their App Store is that they can't control them. Meaning, they can't ensure the user experiance they would like to, and when things go wrong, they can't fix it.
Apple's userbase is so large and diverse now that users blame things on Apple that shouldnt (e.g. they loose money through bitcoin they used with an iPhone app, Apple gets blamed ). This is their way of minimising that.
If you seriously think regulators care about money laundering, ask yourself why HSBC laundered hundreds of billions of drug cartel dollars, got a slap on the wrist and nobody went to jail.
Money laundering is the new "think of the children" or "terrorists!" bullshit.
This is capitalism. They provide services that they expect you to use, and if you want to do business on the platform they control, you play by their rules. If you don't like it, you're free to leave.
If you don't like that you probably aren't using apple products already.
There is no rule that says a currency has to be backed by a government, since people have traded without government backed currency since the dawn of man.
Regulators DO care about money laundering they have just been completely incompetent at regulating it.
I think that WE should care about money laundering.
I think that WE should care about the HSBC situation.
And consequently I think that everyone should care about the potential for Bitcoin to be used for money laundering.
B) Since Apple is so hostile towards Bitcoin, many people have switched to better alternatives and simply don't care about Apple's private North Korea with an insane leader.
What are some examples of in-app purchases that would be good for this kind of thing?
Apple will not let Fandango (or anyone) sell a real-world item through IAP. That is why PayPal is acceptable. It's clearly stated in the app guidelines that IAP must be for virtual / digital items only.
I worked on an app that let you buy drinks at bars. In-app purchase was clearly out, so we integrated PayPal and Stripe. Apple allowed that and it's been in the store, with periodic updates and their reviews, for years.
I can't tell from a casual reading of Blockchain's site if they are doing anything that would require state licensing or not. It seems that they hold a backup copy of their user's Bitcoin wallet. If that is just a backup for the "real" wallet on the mobile devices, or just used for syncing copies of the wallet between the user's multiple devices, my current vague understanding of the rules is that this would not be money transmission. However, if their servers are acting as intermediaries between the user and third parties for the exchange of Bitcoin (for goods, services, or real or virtual currency), then I think that would make them a money transmitter (or even make them a bank, which also opens up a huge regulatory can of worms).