Some of them were almost in tears when they smashed their phone and realised they'd be stuck with a crappy Android phone. Quite violent people too.
It would be funny if Apple decided to allow the apps back in tomorrow and they'd just trashed their $600 phones. Just for a few days though and then ban them again.
Whatever happened to "Think Different"?
They revised it with one of the changes to the terms and conditions. You didn't agree to it I hope.
While I would fall more on the side of complete freedom to do anything, Apple is free to limit their products as they see fit and it creates a more secure platform. You can't put a bitcoin wallet on an XBox either, nobody is smashing them up. What you are free to do is put an encrypted wallet on a server or home computer and you can access it from your phone.
If someone decides to publish an app that maps houses suitable for burgling, should Apple just look the other way because these people are rebels and misfits? No, they are up to no good. People under 18 can pay for porn, drugs and alcohol with bitcoins. One reason credit cards exist is to verify you are over 18.
They haven't even said officially what the reason is. Their response was that there were 'unresolved issues' with the apps. That excuse is carte blanche to do whatever they feel like but it's their store.
They quoted Apple:
“Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward.” – Apple, Inc.
They inappropriately quoted Apple. They aren't changing things nor are they pushing the human race forward. What they created is less than a company stock. Crypto-currency is like stock in a company without the assurance of confident earnings reports, like Amazon stock basically.
They are trading stocks in the 'company' Bitcoin but the company doesn't do anything, it doesn't make anything of tangible value to back the shares. As the confidence of investors grows, the value of each share goes up and they can split the stocks to 8 decimal places, which allows it to distribute 2.3 quadrillion shares but is only meaningful if the investors keep bumping the price up and up.
We've all seen what happens to stocks. The people in it to sell pump the stock, everything's great, buy, buy, buy. When the value is up and they can all retire, they start the sell-off for tangible assets - the paid off house(s), the big insured bank accounts, the treasury bonds, gold, silver etc.
People point to stock valuations and say that's how much the company is worth but it means that's what people trading the stock think it's worth. Their assurance of that worth is based on the company selling products or services that other people think have worth and part with their fiat currency. It's really just a big circle jerk. With Apple stock, their core value is in their products (tangible value). Bitcoin is just strings of code that have no intrinsic worth.
That doesn't make it equivalent to paper money because paper money is backed by a country's workforce and gross domestic product. If everyone chooses to be paid in bitcoins and everyone pays for everything in bitcoins in every country that can change but that's never going to happen because it's stupid to base the volatility of the trading currency of everyone alive on an algorithm completely out of the control of the people reliant on it. It's ultimately in the control of the people who make the bitcoin protocol so people just move their reliance on an elected government who are held to laws to some random unelected people held to no standards.
Stop giving power to the financial industry. Stop giving power to the banking industry. Stop giving power to the Federal Reserve private banking system. They destroyed our country and continue to only work for the wealthy. Switch to Bitcoins. The more of us that do it the weaker our oppressors will be.
That system won't go away with this. Legal tender is all a government will accept for taxes. This is all a government will use to pay staff (which is a huge workforce) and it's all they will use to pay for mortgages and all the services they will use. Every home buyer in the world who has to take out a mortgage will take it from a lender that deals in fiat currency.
I don't agree with the system in place now, it has been abused but crypto-currency isn't the solution to it. Part of what makes fiat currency safe is that it is protected by the justice department and the military/police. Guess who pays them. If someone steals my money from the bank, I have support. If someone hacks my bitcoin wallet, how would I even prove it belonged to me?
It's currently legal in the U.S. but across the board illegal in Russia and China and all over the map everywhere else.
Its status is the same as if I generated an image or game on my computer and sold it to you. It's just a bunch of computer data that I convince you to exchange for money. It's not legal tender but it's as valid an asset as computer software.