141–150 of 203 posts
Earlier quoted context omitted.
If CoreData syncing is discouraged, what is offered as its replacement?
CloudKit? https://developer.apple.com/icloud/
So I guess you have to do those things yourself. Perhaps this is why CloudKit is more reliable -- because it doesn't do the tough parts that Core Data syncing attempted to do?
Earlier quoted context omitted.
If Apple introduces this, it will likely require scalability higher than that of the current blockchain, which allows for roughly seven transactions per second. Peer-to-peer is definitely the way forward, but for now, banks have the infrastructure, and the customers.
Payment channels combined with the lightning network ( https://www.youtube.com/watch?v=8zVzw912wPo ) would allow Apple to create create off-chain transactions and aggregate micropayments into individual bitcoin transactions. However, unless Apple has had a secret bitcoin project going on for the past few years, it's too early to deploy something like this. Their first person-to-person product certainly wouldn't use a…
If 10 million people today used off-chain, their transactions wouldn't complete until 16 days later. If 10 million people then used off chain tomorrow, their transactions wouldn't go through until 32 days later.
t+22 days and you're already waiting a year to get paid in some instances.
Earlier quoted context omitted.
If Apple introduces this, it will likely require scalability higher than that of the current blockchain, which allows for roughly seven transactions per second. Peer-to-peer is definitely the way forward, but for now, banks have the infrastructure, and the customers.
This will be fixed when it's needed. To deviate from the discussion, I don't know why Bitcoin doesn't move to a faster block time. Less time to confirm a transaction, more blocks per minute, more transactions per second.
Remember that the miners profit from increased competition and tx fees on small block sizes, and they control the block size.
It's more probable that banks will use some other system than ACH before bitcoin block size is ever increased.
I'll use Venmo until they pry it from my hands, it's one of the most life-transforming services I have ever used. I'll just repost my comment from the last Venmo thread here: ========================================= Venmo was started by UPenn alums so it was popular among my friends long before it was a phenomenon (one of my good friends interned there and wrote the BlackBerry app). I used to use it exclusively by S…
Venmo still takes several days to transfer the money to your account, and you have to remember to request the funds—they don't even begin the transfer process until you do that. It would literally be faster to write your friend a check. We need instant cash transfers in the United States, like the rest of the world has.
The US is so archaic in banking I'm not surprised that it takes Apple to do something about it, a shame. I'm still sending a paper check to the landlord every month, ha! What is this, the 70's? The rest of the world already has direct, often immediate, free money transfers a few clicks away, and for a long time. We should focus there, rather than inserting more middle-men. When I was in New Zealand, we even paid for…
But if I were a landlord, I'd sadly ask for a check too. A lot of U.S. jurisdictions require a landlord not to accept rent in certain circumstances from a tenant he's trying to evict.
It's well established how to do this with a check: don't cash it, and possibly send it back to the sender certified mail. I wouldn't want to risk paying my lawyer to establish a precedent for what that looks like through a new payment system.
The US is so archaic in banking I'm not surprised that it takes Apple to do something about it, a shame. I'm still sending a paper check to the landlord every month, ha! What is this, the 70's? The rest of the world already has direct, often immediate, free money transfers a few clicks away, and for a long time. We should focus there, rather than inserting more middle-men. When I was in New Zealand, we even paid for…
This still astounds me. I'm Australian but also hold a US account. The difference in ease between the two is insane. I cannot believe how difficult it is to simply wire money from a US bank account. In Australia, you can make a free transfer entirely from web/app and it will be received, often the next day. It's no wonder why Paypal/Venmo are so huge in the US...
In the UK or China, it's minutes/hours, as long as you do the transfer before a certain time.
The US is so archaic in banking I'm not surprised that it takes Apple to do something about it, a shame. I'm still sending a paper check to the landlord every month, ha! What is this, the 70's? The rest of the world already has direct, often immediate, free money transfers a few clicks away, and for a long time. We should focus there, rather than inserting more middle-men. When I was in New Zealand, we even paid for…
I'm a freelancer and I've had happily clients pay me through PayPal, Venmo, Dwolla and other services. But if I were a landlord, I'd sadly ask for a check too. A lot of U.S. jurisdictions require a landlord not to accept rent in certain circumstances from a tenant he's trying to evict. It's well established how to do this with a check: don't cash it, and possibly send it back to the sender certified mail. I wouldn't…
Earlier quoted context omitted.
Where? I bank with Wells Fargo and to make a wire transfer to anyone in the US, I have to physically walk into a branch and it costs $20.
Bank of America and Chase both have it. You can send money to someone using their email address or mobile phone number.
The US is so archaic in banking I'm not surprised that it takes Apple to do something about it, a shame. I'm still sending a paper check to the landlord every month, ha! What is this, the 70's? The rest of the world already has direct, often immediate, free money transfers a few clicks away, and for a long time. We should focus there, rather than inserting more middle-men. When I was in New Zealand, we even paid for…
In China, it is also very convenient to send money by cellphone by scan some code. It's that easy.
The closest US equivalent to WeChat payment is Venmo. But I can use WeChat to pay in McDonald's, not just to send money to friends.
The closest US equivalent to Alipay is Paypal. But with Alipay I can not only pay for online purchases and pay utility bills, I can also see a list of utility bills I have yet to pay.
The US is so archaic in banking I'm not surprised that it takes Apple to do something about it, a shame. I'm still sending a paper check to the landlord every month, ha! What is this, the 70's? The rest of the world already has direct, often immediate, free money transfers a few clicks away, and for a long time. We should focus there, rather than inserting more middle-men. When I was in New Zealand, we even paid for…
I'm a freelancer and I've had happily clients pay me through PayPal, Venmo, Dwolla and other services. But if I were a landlord, I'd sadly ask for a check too. A lot of U.S. jurisdictions require a landlord not to accept rent in certain circumstances from a tenant he's trying to evict. It's well established how to do this with a check: don't cash it, and possibly send it back to the sender certified mail. I wouldn't…