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Apple pisses me off for real. Google should see this as an opportunity to once again show iOS is a too limited platform. It's not like Bitcoin will die at this stage, and Androids already passed iPhone - another reason to not get an iPhone.
Why not just build this as a web app instead of a native iPhone app?
It would also make it much harder to send Bitcoins to other devices/people. With a native app you could for example detect other Bitcoin clients in near proximity via BT/same Wifi to make it much easier to transfer money, with the web you're stuck typing a long cryptic address.
Earlier quoted context omitted.
We don't have 'money' anymore, we have currency. USD is not money, it's currency and fiat currency at that. US Dollars are backed by an obligation to give you more US Dollars in the future. If you had liberty dollars then you'd have money. To directly answer your question, money becomes currency when you transfer representations of value instead of value. (eg. A piece of paper obliging the barer to receive something…
Wikipedia defines money as: "Money is any object or record, that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context." This is in line with most actual usage of the word. Bottom line, you're just playing silly semantic games. It is useful to understand the differences between different types of money, but claiming that something is "not really mo…
Most people think that playing the lottery is an investment strategy for retirement, I would not trust what most people think when it comes to economics. Little semantic games are hugely important to people. Look how pissed everyone gets when MS describe the MSPL as 'open source'.
Actually, my own private definition does add to the discussion, when enough people connote a word to have a different meaning it changes the definition of a word, all based on their own little private definitions of words.
Your views on semantic contexts are 'fantastic'. I'd suggest you look that one up on the OED if you want to understand the definition I'm using, most people would get it wrong.
This really should not be a surprise to anyone. If Bitcoin is not already illegal (and I have reason to believe it is due to most states' money transmitter laws), it's almost guaranteed that it will be soon.
By that argument, EVE Online's PLEX should be illegal as well, as it is transferrable and exchangeable for something of monetary value (a subscription).
As far as alternative currencies go, my understanding is that they're illegal under US law but you can get away with them on a small scale. The moment they reach a large scale or start getting used for money laundering, though, expect to start having legal problems, because the US Federal Government has reserved to itself the right to print currency.
Apple is wise to stay out of it, with the potential for legal trouble outweighing the potential profit from app sales.
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By that argument, EVE Online's PLEX should be illegal as well, as it is transferrable and exchangeable for something of monetary value (a subscription).
Again we're running into the geeks-trying-to-understand-the-law problem -- they always expect the law to be as sensible and self-consistent as geometry. But the law has no patience with reducito ad absurdum, and judges and lawmakers are quite happy to declare that X is legal and Y is illegal even if in some sense Y is really analogous to X . As far as alternative currencies go, my understanding is that they're illega…
Well, there's only one solution then—we need to get more geeks in office.
Edit: Real geeks, not the "I own an iPad" that passes for geekery in Washington.
On the very same topic udibr states it's not clear whether it will be accepted by Google for Android as they removed tethering apps quite recently.
Earlier quoted context omitted.
Again we're running into the geeks-trying-to-understand-the-law problem -- they always expect the law to be as sensible and self-consistent as geometry. But the law has no patience with reducito ad absurdum, and judges and lawmakers are quite happy to declare that X is legal and Y is illegal even if in some sense Y is really analogous to X . As far as alternative currencies go, my understanding is that they're illega…
"Again we're running into the geeks-trying-to-understand-the-law problem -- they always expect the law to be as sensible and self-consistent as geometry." Well, there's only one solution then—we need to get more geeks in office. Edit: Real geeks, not the "I own an iPad" that passes for geekery in Washington.
"Precisely how far from the end of my nose does your right to swing a fist end?"
Earlier quoted context omitted.
Again we're running into the geeks-trying-to-understand-the-law problem -- they always expect the law to be as sensible and self-consistent as geometry. But the law has no patience with reducito ad absurdum, and judges and lawmakers are quite happy to declare that X is legal and Y is illegal even if in some sense Y is really analogous to X . As far as alternative currencies go, my understanding is that they're illega…
"Again we're running into the geeks-trying-to-understand-the-law problem -- they always expect the law to be as sensible and self-consistent as geometry." Well, there's only one solution then—we need to get more geeks in office. Edit: Real geeks, not the "I own an iPad" that passes for geekery in Washington.
If they choose to make BitCoin illegal, due to anti-laundering laws, etc, should your iPhone game not be allowed to use credits either, even though it's so small nobody would bother abusing it?