Is Apple Pay a threat to Bitcoin? - page 2.

jbreher

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Quote from: Aemon on October 24, 2014, 02:05:29 PM

No need to insult me at the end of your post either, my mistake on the date.

It was not meant to be insulting. Just calling it as I see it. By putting someone else's words in my mouth, you were being inaccurate. By taking issue with a statement, but not first verifying your assumptions, you were being presumptuous. Sorry to have hurt your feelings.

Aemon

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Quote from: jbreher on October 24, 2014, 01:43:19 PM

Check the date of the post which you have quoted, misattributing it to me. On that date, Apple Pay had -not- yet launched.

I agree that Bitcoin and Apple Pay are different solutions to different problems, and therefore have little to do with each other. Which is why I stated as much in my initial post on this thread.

Presumptuous, little, you are. Too, inaccurate - hmmm?

I did not see the date, I just got this as an updated topic and thought I had read everything to the recent date. I wasn't trying to be mean, I was just more curious as to why you thought Apple Pay hadn't launched.

No need to insult me at the end of your post either, my mistake on the date.

jbreher

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Warning - false quote attribution ahead

Quote from: Aemon on October 24, 2014, 08:50:46 AM

Quote from: jbreher on October 13, 2014, 01:19:46 PM

Apple pay has not officially launched yet, however based on the above I would assume that this attack would be possible.

How has Apple pay not launched yet? It has launched and had a lot of bugs, but this topic is silly anyway because they are completely different things and not related to each other.

Check the date of the post which you have quoted, misattributing it to me. On that date, Apple Pay had -not- yet launched.

I agree that Bitcoin and Apple Pay are different solutions to different problems, and therefore have little to do with each other. Which is why I stated as much in my initial post on this thread.

Presumptuous, little, you are. Too, inaccurate - hmmm?

Aemon

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Quote from: santaClause on October 19, 2014, 11:57:59 AM

Apple pay has not officially launched yet, however based on the above I would assume that this attack would be possible.

How has Apple pay not launched yet? It has launched and had a lot of bugs, but this topic is silly anyway because they are completely different things and not related to each other.

santaClause

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Quote from: jbreher on October 13, 2014, 01:19:46 PM

Quote from: mnmShadyBTC on October 12, 2014, 03:53:27 PM

It does however open up the possibility of additional fraud as people could steal a iPhone, then use the passcode (not a fingerprint) to change the fingerprints that authorize a transaction.

I don't think this scenario is possible. I may be wrong. Now _I_ need to study more on Apple Pay.

I can say that the process for changing the finger prints is to go to "Touch ID & Passcode" in settings then enter your 4 digit PIN (there is not even an option to enter your fingerprint) then there is an option to delete a fingerprint and add an additional fingerprint without any additional authentication. Both before and after a fingerprint was added the selection to use touch ID for "iTunes & App store" remained selected.

Apple pay has not officially launched yet, however based on the above I would assume that this attack would be possible.

jbreher

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Quote from: mnmShadyBTC on October 12, 2014, 03:53:27 PM

It does however open up the possibility of additional fraud as people could steal a iPhone, then use the passcode (not a fingerprint) to change the fingerprints that authorize a transaction.

I don't think this scenario is possible. I may be wrong. Now _I_ need to study more on Apple Pay.

jbreher

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Quote from: evok3d on October 12, 2014, 02:54:41 PM

Quote

can make issues such as the recent Target hack a thing of the past.

So we should trust Apple a company that has no business in the financial sector to hold our personal payment information and monitor all the payments made on Apple Pay so they can prevent a hack that is caused by a flaw in the system to begin with?

I'm not advocating that 'we' do anything other than be honest about what Apple Pay is. When comparing Bitcoin with Apple Pay, let us be accurate about what Apple Pay actually _is_. Creating an inaccurate strawman, and falsely attributing its properties to 'Apple Pay' is counterproductive.

As I said, I think Apple will commit several security missteps on the way to a mature Apple Pay. However, it has the potential to be a significant security improvement over the current credit/debit payment system.

This is not a statement of the relative value of Apple Pay vs. Bitcoin. After all, I don't think Bitcoin yet registers as important in the minds of Apple's management. Yet. This is a statement of the relative value of Apple Pay vs. the existing legacy system.

Quote

I am not sure what to make of it, but if people keep falling for these idiotic applications rather than real solutions that for example Bitcoin offers then we are going to be in a lot of trouble.

In a world where credit and debit cards will inarguably continue to exist, and have widespread use, for the foreseeable future, Apple Pay is far from an 'idiotic application'. Sure, it ain't Bitcoin. Get over it. Don't let the perfect be the enemy of the good.

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I can see the benefits of Apple Pay and such but to me the cost and consequence is not worthy of the benefit. We can do without.

As far as the masses are concerned, Apple Pay is most certainly worthwhile.

Quote

Apple Pay is merely a payment gateway as i said and I agree that it cannot be compared to Bitcoin at all as it attempts to solve a completely different issue. Where as Bitcoin offers to solve that and many more issues.

Agreed in full. I thought I had already been clear that I believe that Bitcoin is far and away a more important 'thing' than is Apple Pay.

Inedible

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What doesn't kill you only makes you sicker!

Quote from: redsn0w on October 13, 2014, 08:00:00 AM

Quote from: Daniel91 on October 13, 2014, 07:57:03 AM

LOL very interesting comparison but this is not true any more.
Value of bitcoin has fallen heavily since the beginning of the year and still we can't see the end of this trend.
Bitcoin still didn't become mainstream, and its value is very unstable.
So, yes, Apple pay can be a threat to Bitcoin.

In the beggining the value of bitcoin was 0.10 -0.30 $ Grin

, so yes : bitcoin is a payment system/coin deflationary ( that's sure Wink

).

The volume of Bitocoin has inflated.

Aemon

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Aren't these 2 completely different things? Isn't this basically saying like Best buy is a threat to Gander Mountain?

Or the grocery store is a threat to the gas station!

RenegadeMind

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No.

wangjin098

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★Bitin.io★ - Instant Exchange

Yes, but the Apple Pay won't make BTC disappear, because of the anonymity with bitcoin!

so you can keep your BTC ,and don't warry!

ytr8

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The critics on net say that Apple Pay will Beat the BTC. will it ?

crunchynut

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it's not a threat at all. east-european scammers will stay loyal to bitcoin because bitcoin is more than only an inconvenient payment method and "heard i can get rich here" scheme.

redsn0w

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#Free market

Quote from: Daniel91 on October 13, 2014, 07:57:03 AM

LOL very interesting comparison but this is not true any more.
Value of bitcoin has fallen heavily since the beginning of the year and still we can't see the end of this trend.
Bitcoin still didn't become mainstream, and its value is very unstable.
So, yes, Apple pay can be a threat to Bitcoin.

In the beggining the value of bitcoin was 0.10 -0.30 $ Grin

, so yes : bitcoin is a payment system/coin deflationary ( that's sure Wink

).

Daniel91

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Quote from: Inedible on October 12, 2014, 05:27:18 PM

Quote from: colinistheman on October 12, 2014, 05:18:30 PM

If only there were a higher resolution time series. Then we could see the Bitcoin cart vary wildly between booms and busts.

LOL very interesting comparison but this is not true any more.
Value of bitcoin has fallen heavily since the beginning of the year and still we can't see the end of this trend.
Bitcoin still didn't become mainstream, and its value is very unstable.
So, yes, Apple pay can be a threat to Bitcoin.

angeloanggam

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Ace of ♠♠♠♠

I think not..

Quote from: H4M24 on October 13, 2014, 07:29:55 AM

apple pay has no change against Bitcoin

And why would you say that? In a company as stable as Apple, nothing is impossible.

MF Doom

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Its a threat because Apple already has millions of loyal minions who are obsessed with their products. If they can get these people to start using apple Pay right now they wont want to switch over to using bitcoins.

H4M24

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apple pay has no change against Bitcoin

boumalo

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Quote from: Diabolicus on October 13, 2014, 06:21:57 AM

Hmmm, Apple Pay ....!

Yummy

Quote from: colinistheman on October 12, 2014, 05:18:30 PM

This is why ApplePay is not a threat to Bitcoin. ApplePay does not solve the core problem with government issued currency:

Exactly it still uses the centralised currency which is printed at will

Diabolicus

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Hmmm, Apple Pay ....!

Topic: Is Apple Pay a threat to Bitcoin? - page 2. (Read 5742 times)