Originally Posted by NanoAkron
I thought Apple was all about groundbreaking innovation.
Bitcoin is the largest innovation in personal finance since the credit card. It is NOT illegal, and therefore claims that Apple removed it because it's currently not legal are just unjustified.
As for the claims that it's only used for drugs - less than 5% of bitcoin passed through the Silk Road. Yet nearly all US$100 bills have trace amounts of cocaine on them, HSBC laundered hundreds of BILLIONS of dollars for Mexican drug cartels, and I go buy heroin in any city using untraceable cash.
The hypocrisy in this thread is astounding - 'nobody is forcing you to have an iPhone, Apple can choose what goes on it.' 10 years ago Microsoft claimed the same defence for packaging IE into their operating system.
Bit coin is ground breaking?
How come no one can get an interview with the creator of bitcoin?
How come the creator won't reveal is identity?
Sounds extremely shady to me.
The only thing that is keeping bit coin alive is rampant greed and the ability to buy illegal goods and services without being tracked
In five years once all the founders of bitcoin make enough money they will shut it down and cash out. That will collapse the entire system (don't forget the founder owns almost 10% of all bitcoins) then bitcoins will be as worthless as Civil War Confederacy Dollars. There will be massive sue jobs. And who will have to foot the bill? The parties with money which would be Apple. Why the F would Apple open itself to this?
Bit coin was worth $25 a year ago. Now it's worth $700. Don't you think it's possible that the creators of bit coin are artificially boosted the value on the open market? It would be easy to do since they own a huge chunk of the total coins. They pump it up until they make billions and then they sell everything and crash the market.
Read this article that shows bit coin is nothing more than a pyramid ponzu scheme
This article explains that 70% of bitcoins are owned by 100 accounts and that these early adapters can hit a kill switch that will allow these top owners to get their money but everyone else gets nothing. Pathetic. Fraud. Pos. greed. Get this crap out go here
One owner has over 150,000 separate accounts. Why? To deceive. This owner is constantly selling and buying bitcoins between his 150,000 accounts to drive up the price. The best thing is the bit coin is not regulated so what he is doing is not illegal.
All you bit coin lovers need to get your head out of the sandEdited by sog35 - 2/8/14 at 8:25pm