Telegram plans multi-billion dollar ICO for chat cryptocurrency

Post by rmc » Mon, Jan 08, 2018, 1:53 PM UTC

bflesch wrote: post #2

I don't understand: Wouldn't Apple just remove their app from the app once they touch payments? Someone will be bitten by compliance, and if Telegram is able to circumvent that then the bucket stops with Apple. This is what has stopped me from doing payment in my apps until now - you never know when some apple or google employee decides to smash you in the face with the ban hammer.

Post by akerro » Mon, Jan 08, 2018, 1:54 PM UTC

ikeboy wrote: post #6

I fail to see why this is valuable in any way. Why would this raise even a million, let alone half a billion?

Post by kayfox » Mon, Jan 08, 2018, 1:55 PM UTC

rmc wrote: post #11

bflesch wrote: post #2

I don't understand: Wouldn't Apple just remove their app from the app once they touch payments? Someone will be bitten by compliance, and if Telegram is able to circumvent that then the bucket stops with Apple. This is what has stopped me from doing payment in my apps until now - you never know when some apple or google employee decides to smash you in the face with the ban hammer.

I suspect that once you get big enough, Apple is reluctant to touch you. Remember, Uber broken Apple's app rules, and were not banned, merely threatened[1]. If Apple removes the app, then who will people blame? The app or Apple? I suspect Telegram might be betting on that. [1] https://www.usatoday.com/story/tech/news/2017/04/24/ubers-ka...

Post by ceejayoz » Mon, Jan 08, 2018, 1:56 PM UTC

kayfox wrote: post #12

yalogin wrote: post #9

What is preventing every app/service to launch their own crypto currency? It looks like in these times it is in their own interest to launch their own crypto currency than adopting an existing one as they stand to make billions. In that scenario do we say bitcoin and their ilk is failing or succeeding?

Nothing is preventing them. So expect everyone to do it.

Post by weavie » Mon, Jan 08, 2018, 1:58 PM UTC

nihonde wrote: post #8

frabcus wrote: post #4

Earlier quoted context omitted.

I don't really understand the Apple policy on payments. How come, for example, they don't demand their cut from Monzo person to person transfers?

Isn’t Apple only seeking a cut of sales of digital goods? You can sell physical merchandise like a real book, but you can’t sell an ebook without cutting them in.