Applepay resulting in over 1,000 doublespends........

catena5260

sr. member

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Merit: 501

At least everything can be un-done, and no damage has been made and no one got injured

The number 1 directive of software is fail in the worse possible way they can whenever they can

Eisenhower34

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Quote from: cbeast on October 25, 2014, 12:23:36 AM

Quote from: PenAndPaper on October 25, 2014, 12:13:32 AM

It's beyond ridiculous for bitcoiners to celebrate because apple pay is having technical issues.

1. Apple pay and bitcoin don't compete with each other. Bitcoin isn't a company nor a product. It's a technology. For all we know apple pay might start using bitcoins in the background in a few years.
2. It would be a blessing for the bitcoin community if apple manages to shift consumer's behavior on how they pay for things.

We're not celebrating Apple's failure, we're laughing at it. Okay, so putting a camera on a phone was pretty cool, but putting all my account information online with a portable device is just silly. Apple had security issues in the past. They should stick to adding functionality to phones like TV remotes, walkie talkies, or Star Trek Tricorders.

Well, in theory, their security issues have nothing to do with their phones, only their (optional) services they offer for the phones they sell. They claim that the phones have encryption that cannot be broken by law enforcement. Although the fact that they allow a 4 digit PIN to be used for your password would make it so that there are only 10,000 potential passwords (actually 9,999), plus the fact that your finger print can be used as a password would make it easy for an attacker to force you to unlock the phone for them (they just need to force you to put your finger on the fingerprint scanner

bigbadwolf111

newbie

Activity: 31

Merit: 0

Quote from: cbeast on October 25, 2014, 12:12:09 AM

Apple really jumped the shark with ApplePay. It will be hard to ever take them seriously again.

Why? Is applepay a flop?

LiteCoinGuy

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Activity: 1148

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In Satoshi I Trust

its fun to clean that mess up when you made 10 purchases Roll Eyes

i sold my apple phone when they blocked the bitcoin apps. good old times

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: PenAndPaper on October 25, 2014, 12:13:32 AM

It's beyond ridiculous for bitcoiners to celebrate because apple pay is having technical issues.

1. Apple pay and bitcoin don't compete with each other. Bitcoin isn't a company nor a product. It's a technology. For all we know apple pay might start using bitcoins in the background in a few years.
2. It would be a blessing for the bitcoin community if apple manages to shift consumer's behavior on how they pay for things.

We're not celebrating Apple's failure, we're laughing at it. Okay, so putting a camera on a phone was pretty cool, but putting all my account information online with a portable device is just silly. Apple had security issues in the past. They should stick to adding functionality to phones like TV remotes, walkie talkies, or Star Trek Tricorders.

PenAndPaper

sr. member

Activity: 252

Merit: 250

It's beyond ridiculous for bitcoiners to celebrate because apple pay is having technical issues.

1. Apple pay and bitcoin don't compete with each other. Bitcoin isn't a company nor a product. It's a technology. For all we know apple pay might start using bitcoins in the background in a few years.
2. It would be a blessing for the bitcoin community if apple manages to shift consumer's behavior on how they pay for things.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Apple really jumped the shark with ApplePay. It will be hard to ever take them seriously again.

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Quote from: L.Detweiler on October 24, 2014, 05:49:45 PM

Title says it all.....relayed to me by Nick Szabo Cool

Not even ghash could mess Bitcoin up that bad!

http://mobile.bloomberg.com/news/2014-10-22/bank-of-america-customers-double-charged-in-apple-pay-snafu.html

Gotta love one of its comments:

"Apple customers are used to paying double, so they didn't even notice."

Billbags

sr. member

Activity: 280

Merit: 250

Brainwashed this way

It sucks for the people who couldn't pay rent or car note until they get reimbursed. Those late fees can be hundreds of dollars and I bet they don't get that back along with their money that got doublespent using centralized payment systems with unreliable 3rd parties.

Eisenhower34

legendary

Activity: 906

Merit: 1002

Quote from: the article in the OP

“We apologize for the inconvenience and are correcting this issue immediately and all duplicates will be refunded,” Tara Burke, a spokeswoman for the Charlotte, North Carolina-based bank, said in a phone interview. Burke declined to say how many accounts were affected or on what network the transactions were processed.

This is not quite the same as a "double spend" in Bitcoin terminology. Also customers are not actually inuring any financial loss as a result of this as they are being reimbursed for the 2nd charge

yayayo

legendary

Activity: 1806

Merit: 1024

What a disgrace for a company with over half a trillion market cap! One may get the impression that Apple's top priority is just getting the design right with all things beneath the surface barely working.

Compared to Apple Pay, Bitcoin Core as beta software which is totally underfunded looks like a fortress of security. All what's left to do for Bitcoin is getting the "design right" to appeal to mainstream. Oldschool Paypal-clones like Apple Pay are not here to stay, because the box of cryptocurrencies has been opened.

ya.ya.yo!

cr1776

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