Topic: Apple Pay vs Bitcoins - page 3. (Read 2895 times)

i also never use Apple pay but i am sure that bitcoin is much more better than apple pay because bitcoin is acceptable in all countries for shopping or other and we can use bitcoin as investment so bitcoin is very good.

i never use apple pay and therefore i have no idea aout this currency.

Well Apple got a large powerfull position. On 1 hand they got the name and then offcourse the own the chips is millions of phone. And we all know what the internet and online payments can do in terms of sales. I do think bitcoin still holds the advantages because of the fees and anonimity.

Well they are different but we need each other to able to use to pay in any needed banks is for safe place for than bitcoin but if you have bitcoin it  a good investment that you can get benefits from price increase.

Apple Pay




Bitcoin



Nope it will take 2-30 days (sometimes months) for that transaction to clear. Ask anyone who owns a business. With bitcoin a business can ship with complete confidence in less than an hour. Apple Pay is a digital system tacked onto a centralized cupon system which is tacked onto a paper money system. Bitcoin is a completely revolutionary digital system.

I have never in my life "logged into" a wallet? I only scan when I'm buying from my phone and it takes far less time than a magnetic strip or a chip card. I also rarely need to wait for verification. Purchases under say $20 do not really need verification. When you buy a big mac at Macdonald's they have no idea if the transaction is valid. But they know that orchestrating a fake Tx is more costly than a big mac, so they just risk it.  If I were selling a bass boat then I would wait 10-30 mins. Which I'm ok with.


You are missing all the most important features of bitcoin. I dumped my cards in 2010 and have saved thousands of dollars, and increased the security of my transactions by orders of magnitude. I travel the world with one currency now. I don't pay bank fees or worry about identity theft. There is no way I'll ever go back to shitty fiat systems. Bitcoin is the fastest, most secure and cheapest money system ever developed, and that's a fact.

If you don't believe me then let's have a contest! We'll both buy a gold bar.  Unfortunately, you are going to have to pay a lot to use your fancy watch. Your total is $13,198.58, ouch. I will only pay $12,815.40 because I am using BTC. As mentioned above they could ship to me right away, but you are going to have to wait for the Tx to clear Mastercard/Visa... It could be a while. If anyone gets your credit info then you are going to have a mess on your hands. But I could post my account password and it would not help a thief to steal from me.

Lastly, I like to own my money. You only have permission to use the federal reserves money and then only if it's ok with your watch. 




https://www.amagimetals.com/gold/bars/10-oz-pamp-suisse-gold-bar-999-fine-gold

I think bitcoin have greater use as storing our cash rather than spending it. If you consider storing your cash in banks and debit cards is safest place than you are wrong, as your balance amount will be in hand of centralized banks and goverenment who can just empty your balance if you get charged for some illegal activities or those account may get frozen and nobody of yours can use your life savings.

Storing bitcoin will be anonymous as well as you can also hand it over to your relatives and family incase you get arrested or you get into some legal problems.

Based on your analysis of the current situation its very obvious that !itcoin does not stand a chance but don't forget that Apple that you are making reference to didn't get there one day so I believe in few years Bitcoin will get there even the speed of transaction witnessed today is not like that in the earlier years of its existence.

for faster transaction we can use our traditional wallet but bitcoin wallet is only good for heavy transaction and for far away transaction there it will work faster than traditional bank wallet.

bitcoin is useful for online transaction because it takes few seconds before it is successfully verified by miners. but other wallets like Apple pay will do the task much faster. but think of some website that accept bank account and bitcoin so obviously bitcoin wiil do the task faster.

Bitcoin will last for the same reason the new google phone will not be in my pocket.
People still want a little bit of privacy and Apple/Google want to destroy more and more aspects of this till they fully own us.
People that do not put much thought into these things often will just adopt the quickest process with out any thought or concern.

Example of how Apple wants to control and profit. They have eliminated the headphone jack in the latest cell phone and offer wireless headphones to go along with the cell. They know people will be forced to buy their product and not a cheaper version,as nothing currently will work along it. They do this with many aspects,like altering their chargers to force you away from 3rd party chargers. Not perfect but they continually grind the consumer down.
Read that the headphones also can take your temp and heart rate and track your head movements. These are all to make better product or argue that they can fill in more aspects about you.

Apple pay is still technically using credit cards since they still debit the amount that is used to your Visa/Mastercard. In this aspect, Apple pay is still considered as a credit card. They would still be able to chargeback after many days and would likely cause the merchants quite some money. The basic fees for merchants accepting Apple Pay still applies. Bitcoin does not actually require any confirmations other than a few seconds of waiting time if the fee is reasonable, there is no competing transactions and opt-in RBF is not selected. The risk would become negligible.

Hehe I dont use apple pay either. I have a samsung S7 phone
My point is just that these cellphone as well as payment as well as banking solutions, wants to conquer this market.

I can't see where bitcoins fit in the ecosystem, and that worries me a bit.

the differance is in the fundementals, we are talking about apples and pears here.  Apple is using a centralised system controlled by central banks and private banks creating money out of nothing and the other is a decentralised system which has fixed issuance and is controlled by those who use it. 

another point is yes at the minute your central bank money works fine, but what if your central bank money is now worthless and a loaf of bread costs the price of a weeks wages?  your bitcoin at that point is prob gona be worth a fortune compaired to the central bank money your apple watch uses......... at that point waiting 10mins (which it isnt anyway but i will play along)  wont feel so bad......

apple pay i have no idea about that that what is that and how does iti work, i never use and having no account in it, i only use bitcoin and do not lik any other currency,

You're comparing apples to oranges. They aren't the same things. Apple Pay is just an electronic debit card.

That's as ridiculous as when people say Bitcoin can take over banks. They aren't the same things. You may as well say polish kielbasa can take over automobiles.

ROFL

1) the apple method thingy is not available in all countries but you can pay with bitcoin anywhere in the world with no restriction whatsoever.

2) apple watch is ~$350+ but you can buy a smart phone (for bitcoin payment) with half that price maybe even a lot less

3) payment with bitcoin will also take 3 seconds or less. and you don't have to wait for confirmation.

4) the only thing that seems to be good about apple pay is the no fee policy (which i am only quoting from my search not personal experience!)

Yes, it does work in some European countries, but at least in my country (Belgium), the majority of people have an Android indeed.

I'll tell you what none of these method implemented right now if this happen on the future that you are going just to need to log in your bitcoin wallet and scan someones bitcoin bar code to send payments from onlin store and offline stores for goods and services this is good to be true if this happen you dont need to convert your bitcoin into fiat.

I've never Heard about apple pay.. is this a payment source similar to paypal and powered by apple? and which site support it to buy digital goods?
need to google this now.

This is right. because any bitcoin debit card actually have USD not bitcoin. whenever someone go in the card provider's site and fill up the card with bitcoin the site take the bitcoins and fill the card with USD.. they of course reduce their fee. that's why using a card is little costly.

I don`t have an iPhone and i will never have.

In my opinion,if you use Apple pay you are an "Apple slave"  just kidding.

If you use bitcoin you are more independent, but with less convenience.