ApplePay doesn't solve this. [US DOLLAR vs BITCOIN super simple visual] - page 3.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: colinistheman on September 26, 2014, 08:46:56 AM

http://www.janethull.com/healthynews/wp-content/uploads/2013/06/Inflation.jpg

I think this image sums up why ApplePay is NOT going to replace Bitcoin.

Very very great reflection Wink

, and you're right : applePay isn't replace bitcoin ... BITCOIN replaces applePay Grin

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Klestin

hero member

Activity: 493

Merit: 500

Inflation is an issue, but the image is absurd. Items costing $20.00 in 2013 would have cost $13.99 in 1998.

Eotnak

member

Activity: 117

Merit: 10

yup, I hear all the time when someone sells something on craigslist or feebay, "I sold it for the same price that I bought it for, and that was 20 years ago" and they think they made out.

yayayo

legendary

Activity: 1806

Merit: 1024

You're right, but most people don't care about inflation - they don't even realize its existence. The majority does not consider the effects of inflation on savings. Also, ApplePay is built to offer an easier way to spend money, it's not a savings account. That said, I doubt you'll be able to convince ApplePay users to switch to Bitcoin, because they don't even see inflation as a problem.

That will change when inflation accelerates (eventually reaching hyperinflation) and becomes an important factor to consider in purchase decisions. Then a lot of people will regret not having bought Bitcoin.

ya.ya.yo!

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

Didn't need that image to know myself filling a shopping trolley price has gone up dramatically even over the past few years. Best thing to do is time your shop when the supermarkets offload the most reduced products.