Topic: ApplePay doesn't solve this. [US DOLLAR vs BITCOIN super simple visual] - page 2. (Read 3974 times)

Yes, I think it gets the point across. We can get all technical on it but it's just to show something visually. I think people really GET this picture.

Feel free to spread it and share it wherever you want. I had good results on my FB page.

That is very true, but it still gets the point through though.

Before this meme takes off the image should be changed so it is realistic. The inflation rate shown for USD is exaggerated and the deflation rate for BTC is under represented.

We can make a compelling case without distorting the facts.

That was extremely powerful,  should upload that to 9gag

Applepay is designed to introduce a technological jump.

USA is faced to upgrade their CC system and improve the security.
This means, as far as im not in USA and if i remember correctly, that USA is facing a big challenge because law has passed to force the security improvment.

No more magnetic track card, the future is the chip card, says the law.

But the chip card, is not US technology, and major builder of POS in america are pretty retarded to deal with chip card technology.
A lot of foreign patents also exist into the chip card industry and none of them belongs to USA.

So is it a good idea to continue with CC industry as far as 99% of player are from Europe where chip card are standard (and in France most advanced use in term of security) ?

So the applepay initiative is the answer of US industry to this challenge: it simply says "we dont need CC anymore"

And from my perspective they are right.

The future is in mobile payment application.

And the main point also which is in this deal, is that bank will promote apple technology: apple endorses the cost of fraud. This is the biggest point of the deal.

Also in the backoffice of payment industry, its a major change.

Usually all known protocal are basically ASN1 derived or inspired and modern are Binary TLV.

SEPA which is the future standard of payement in europe is already DEAD XML is so 90.

The future in term of cost, deployment, scalability, is just JSON RPC, all mobile device embedding a webkit which manage http connection.

And the funny part is that its the final customer who will bear the cost of possessing the device.

Apple Pay is not designed to combat inflation. Neither is it designed to compete with Bitcoin. It is designed to make traditional point of purchase--via credit card and other bank methods--more convenient. And secure.

I think it will succeed soundly on the first point. I even think they'll eventually get the security nailed, though there may be some disasters early on.

Heck, I think that Apple will likely integrate Bitcoin into Apple Pay at some point.

The majority of people even in the so called first world struggles to keep up with day to day expenses. They don't have money to invest or even to save... They take loans to study, start a small business etc..

You believe the CPI numbers published by the govt?

Haha, that was a funny comment.

The reason people don't worry about the effect of inflation on their savings is because they are generally able to earn more in interest and investment returns then inflation will eat away. Look at long term returns on the stock market for example, it has historically allowed investors to earn ~7% on their investment after accounting for inflation

It is a commercial. They always exaggerate.



So in USA guy with biggest head became president?

PenAndPaper and jbrnt:
In answer to both of your posts wondering about the connection, there were concerns when ApplePay first came out with its new digital wallet that it would be competition for Bitcoin. ApplePay claimed to speed up transaction times with traditional payment methods, and created a digital wallet which is payable from your phone (two qualities which are commonly boasted about Bitcoin).

Because of these similarities, Bitcoin appeared to initially loose a little bit of its uniqueness. I know others wondered the same thing because I saw articles on this very subject, comparing the two. I too was initially concerned that this might be competition for Bitcoin (or make it seem less desirable), but once I thought about it, I realized that nothing has changed as far as the actual basic problem with fiat.

I just wanted to do my part and help share this crystal clear image and viewpoint to others who might have happened to wonder about this themselves. It's all about increasing awareness and spreading the knowledge anyway.


You are correct, ApplePay is simply a payment system, kind of like PayPal. And theoretically ApplePay could support Bitcoin payments easily, just as PayPal could and is doing.

ApplePay is a payment system and it is not designed to combat inflation. So I don't see why you are tying these two together. Bitcoin has beaten inflation in the past, but it may not stay the way. If (big if) stayed at the $400 mark for many years and start declining due to lack of interest, bitcoin purchasing power will drop too.

Apple pay doesn't have anything to do with bitcoin in the first place... It's like making a thread about inflation - deflation, fiat - bitcoins etc and having as a title "toshiba ssd disks don't solve this"...

Haha thats great. I guess that does work when you take btc on a 5 year time period.  I am all for BTC, but its price stability still seems to be a ways out, whether thats up or down from here, hard to say.

I couldn't agree with you more though about USD inflation, meat prices up something like 60% in the last year and still going up.  Government not helping with $85bil/month I think printed.  I dont really think inflation has started to set it like its going to in the next few years...

jcoin200:

I hope you don't mind, I loved your idea so I ran with it and modified the OP post image.

Alot of ppl didnt even realise the real inflation rate. They usually just take what ever the rate central banks said in public.

In 2000, a bag of milk (3L) cost $2.50, today the same bag cost $4.30

^ lol.

Except your image should say "volatility" instead of "inflation"

oh thats right, BTC solves this! haha!

I think that majority of people just complain in their free time. You can never please everyone.
I have not considered even looking at ApplePay. After all it has 'Apple' in it, a company which enjoys sitting on a ton of cash and enjoys 80% profit margins.
They really care about the consumer.