Apple removes all bitcoin and other coin apps from its store

Genx87

Lifer
Apr 8, 2002
41,095
513
126
The large variation in currency valuation would make it difficult to sell something imo. Imagine if the dollar flucuated double digit %s over a short amount of time.
 

Lithium381

Lifer
May 12, 2001
12,458
2
0
The large variation in currency valuation would make it difficult to sell something imo. Imagine if the dollar flucuated double digit %s over a short amount of time.

i don't think they were accepting bitcoin as payment, i think they took any app that had to do with bitcoin out of the appstore
 

AViking

Platinum Member
Sep 12, 2013
2,264
1
0
They got rid of it because they don't want to be associated with what is mostly a pyramid scheme and something used for drug dealing and money laundering. It's not good for their image.
 

Lithium381

Lifer
May 12, 2001
12,458
2
0
They got rid of it because they don't want to be associated with what is mostly a pyramid scheme and something used for drug dealing and money laundering. It's not good for their image.

because the US dollar has never been used for that. . .

pyramid scheme ? i bought my first bitcoins this week. . . paid $25 for .024
 

Rakehellion

Lifer
Jan 15, 2013
12,182
35
91

Rakehellion

Lifer
Jan 15, 2013
12,182
35
91
They got rid of it because they don't want to be associated with what is mostly a pyramid scheme and something used for drug dealing and money laundering. It's not good for their image.

Pretty much. Bitcoin is just a scam and not a legitimate business entity.
 

Lithium381

Lifer
May 12, 2001
12,458
2
0
Of course they do, those are based on SOLID GOLD, those aren't fiat currencies. . . not like bitcoin!
 

Rakehellion

Lifer
Jan 15, 2013
12,182
35
91
Do you pray to the Fed before meals and before bed? a legitimate business entity? legitimized by whom?

Legitimized by common sense.

Apple also disallows gambling and sweepstakes apps because those are also ways to scam users out of their money.
 

Rakehellion

Lifer
Jan 15, 2013
12,182
35
91
Legitimized by an actual entity, IE the government.

But Bitcoin is legitimized by Mt. Gox who have firm stranglehold over what's supposed to be a decentralized currency. You want prices to spike? Shut down your servers for a few hours.
 

zzuupp

Lifer
Jul 6, 2008
14,863
2,319
126
But Bitcoin is legitimized by Mt. Gox who have firm stranglehold over what's supposed to be a decentralized currency. You want prices to spike? Shut down your servers for a few hours.

magic the gathering online exchange :biggrin::biggrin:
 
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