These Are the Six Crypto-Currencies Approved By Apple (softpedia.com) 74
An anonymous reader quotes Softpedia: Anthony Di Iorio, founder of Jaxx, a crypto-currency wallet, claims that an Apple representative revealed to him the six crypto-currencies allowed on the App Store, during a private phone conversation... Di Iorio had this conversation with the Apple employee after the company removed his Jaxx iOS app from the store. The Apple employee told Di Iorio that they had to remove his app because it featured support for Dash, another blockchain technology, touted as an alternative to Bitcoin.
During the conversation, Di Iorio asked what crypto-currencies Apple approves of, so he'd know what to remove from Jaxx's iOS version and get his app back on the App Store. Di Iorio says that Apple is comfortable approving apps on its App Store that handle only six crypto-currencies: Bitcoin, Dogecoin, Litecoin, Ethereum, the DAO and Ripple. Reaction to Apple's list of approved crypto-currencies wasn't positive, at least on Twitter. Most users criticized Apple's decision to limit the list to only six, which they considered might thwart the evolution of other, lesser-known crypto-currencies.
Vitalik Buterin, who helped create Ethereum with Di lorio, tweeted "For the record: despite being a beneficiary of this instance of (private) regulatory protectionism, I oppose it."
During the conversation, Di Iorio asked what crypto-currencies Apple approves of, so he'd know what to remove from Jaxx's iOS version and get his app back on the App Store. Di Iorio says that Apple is comfortable approving apps on its App Store that handle only six crypto-currencies: Bitcoin, Dogecoin, Litecoin, Ethereum, the DAO and Ripple. Reaction to Apple's list of approved crypto-currencies wasn't positive, at least on Twitter. Most users criticized Apple's decision to limit the list to only six, which they considered might thwart the evolution of other, lesser-known crypto-currencies.
Vitalik Buterin, who helped create Ethereum with Di lorio, tweeted "For the record: despite being a beneficiary of this instance of (private) regulatory protectionism, I oppose it."
money laundering apps? (Score:1)
Limiting the currencies to well known, well used currencies will go some-way to stopping people using App Store apps to launder money between different currencies with apple providing the resources to do it.
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People using the App Store to massively dodge taxes is still A-OK though. As long as the people involved are Tim Cook and friends.
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Yep. We don't care about Apple
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He must not be living in glorious Keene, NH?
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If he's using the Aussie dollar he must be living under Ayers Rock
Re:What's the problem? (Score:5, Insightful)
Apple should either allow them all, because it's none of their business how you waste your money, or ban them all, because you are helpless and need to be protected from your own stupidity. This half-assed approach, where Apple gives you the opportunity to screw yourself but only in an Apple-approved way, is the worst option of all.
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According to you, but the masses disagree.
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Why would you want a bunch of apps pretending to support financial operations in pretend currencies on your phone? Even the edging-towards-legit bitcoin is a security and support nightmare.
You summarize exactly why I don't like the iphone concept. I do not want my manufacturer deciding what is and isn't interesting software to put on my phone.
You said it yourself, that the software is probably not popular. And then use that as a justification for your manufacturer to actively reject software from 3rd parties for a small segment of users. And then act like it a plus to have the manufacturer of your device to determine what is or is not important for you to run on it.
You go ahead and keep your
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Apple employees need to get high too.
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I bought some illicit bulk legos (from a small shop on bricklink) this week and we did not have to pay paypal processing fees, it was awesome. Me and my three year old were getting high building a castle.
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I will concede that the major anonymouns coins: dash (formerly dark coin and the topic of this story), monero, and counterparty have shot up in price significantly over the past month, during a period where bitcoin has been mostly flat or fallen in value. I am not sure what is driving the increased price/market cap, but I assume the dark net is involved.
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I will concede that the major anonymouns coins: dash (formerly dark coin and the topic of this story), monero, and counterparty have shot up in price significantly over the past month, during a period where bitcoin has been mostly flat or fallen in value. I am not sure what is driving the increased price/market cap, but I assume the dark net is involved.
It may be the realization that bitcoin is not anonymous but there are newer alt-coins that have addressed that issue.
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> I am not sure what is driving the increased price/market cap,
That's pretty simple. Bitcoin has a hard cap on block size of 1 MB. This was originally put in many years ago by Satoshi Nakamoto to limit spam attacks that would DDOS Bitcoin nodes. By the middle of this year actual user transactions were pushing the 1 MB cap, and the developers of the "Core" version of Bitcoin have refused to raise it. There are various theories about *why* they refuse to raise it (stupidity, financial conflicts of int
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You do realise there are other places in the world other than Keene, NH--quite a few of them, in fact?
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Apple should ban cryptocurrencies altogether. They're not used to purchase legitimate goods because nobody accepts them. The highly variable exchange rates virtually guarantee that nobody will want to accept them. They are, however, frequently used to purchase illicit goods and services through websites like the former Silk Road. Apple should do the right thing and ban cryptocurrencies altogether.
Yes, also ban guns, baseball bats and cars because they can be used for crimes too. Especially guns. They can kill people.
P.S Why do you want to increase street violence levels by making it harder for sites like Silk Road to operate?
Revealed to him... (Score:2)
Anthony Di Iorio, founder of Jaxx, a crypto-currency wallet, claims that an Apple representative revealed to him the six crypto-currencies allowed on the App Store, during a private phone conversation...
Is it my imagination, or did this remind anyone else of the story of Joseph Smith [wikipedia.org]?
Or perhaps the story of John Ballou Newbrough [wikipedia.org]?
(Gordon Stein in the book Encyclopedia of Hoaxes (1993) noted that the revelations of Apple have not been taken seriously because they were revealed to contain "many factual errors and unfulfilled prophecies.")
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I'll have you know that these proclamations were channeled directly from The Great Steve In The Sky using a 60" iPad prototype as a ouya board and Steve's own Newton as a planchette.
Re: Revealed to him... (Score:1)
Steve hated Newton and killed it soon after NeXT acquired Apple.
The Hexalogue (Score:4, Insightful)
It reminds me more of this story:
https://en.wikipedia.org/wiki/... [wikipedia.org]
But the literature is full of men who have been given special information secretly from on high and then endeavor to bring it to the masses. In this case, the deity happened to be Apple.
Six Ways (Score:3, Informative)
That's six ways to lose all your money when the exchange gets robbed.
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Indeed! That's why I keep all my cash in my mattress! Those evil capitalistic swines will never get their hands on my property!
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But when a bank gets robbed (or more likely, when a bank loses money on investments) then every taxpayer loses.
Also, pro tip: don't keep your life savings in an exchange.
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Banks insure depositors by paying into the FDIC insurance fund. Most of the time when a bank goes belly-up, the insurance covers it. It's only when many banks get in trouble at the same time, as happened during the Financial Crisis a decade ago, that the Federal Reserve and Treasury stepped in to bail them out.
As of July 2016, The Treasury's Troubled Asset Relief Program (TARP) has collected about $8 billion more than it paid out, representing about a 2% profit on the $400 billion disbursed. The program
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That's six ways to lose all your money when the exchange gets robbed.
A crytocurrency exchange gets "robbed", and because it's "digital", those in charge quickly label it a crime, and look to go after and prosecute the offenders to the fullest extent of the law.
World Bankers collude together on lending practices creating a global economic crisis, and because it's "politics", those in charge dismiss any discussions about criminal wrongdoing, and instead impose slap-on-the-wrist fines that penalize 0.01% of the profits turned from immoral and unethical activity.
I'm so glad you
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...But seriously, every crypto currency is just plated wall to wall with scams, and some of them are JUST scams. Apple's position is reasonable.
Apple's position is "reasonable" because there's simply no way in hell that their six choices are political, right?
Your ignorance is showing.
Coming Soon: Gas Stations and Department Stores (Score:1)
"To protect its users, Apple has decided to limit purchases with its Apple Pay product to Target and Mobil, after receiving numerous complaints about customer experience at Walmart and Shell."
You wanted a walled garden, you got a walled garden. Enjoy it.
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I'll have you know that I have many thousands of Dogecoins, currently worth dozens of american dollars.
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That doesn't mean it hasn't done real things though: Josh Wise and the Dogecar [wikipedia.org] being one of the more notable. It has also provided clean water in Kenya and sent the Jamaican bobsled team to the Winter Olympics (source [wikipedia.org]). So yeah - it's a joke. It's a good one though, and has done some good things.
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Forget your Coinye, what about my Flappycoins?