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Apple Blocks Coinbase Wallet App From Sending NFTs Because of In-App Purchase Dispute
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Isn't it more like an art dealer taking a cut? I thought it was specifically NOT currency.
there's a collector born every minute.All thesuckerscollectors who bought NFTs at ridiculously inflated prices are trying to offload their NFTs to the nextsuckercollector
How do you know somebody is into NFTs? They'll let you know within seconds of meeting them
If only Coinbase’s CEO was a famous thin-skinned billionaire jerk, he could get a personal tour of Apple Park from Tim Cook and assurances that the usual App Store policies won’t apply to Coinbase.
No not at all. Again assume the NFT was purchased elsewhere, not on the apple app store. Okay, I own the nft and i put it in my coinbase wallet. Now let’s say I want to give it to you. I’m not charging you a cent, i’m gifting it. For every transaction on the block chain there is a small fee, again like a wire fee if you were to wire money from your bank. Apple is saying they want their 30% of the blockchain fee for me to send you the NFT.
Many folks here are just being obtuse and saying “NFT bad, crypto is a scam etc” without seeing the real issue here. Does apple take 30% of the paypal fees when i make a purchase via paypal on my phone? Of course not. Do they take 30% of the wire fees when i wire money to people? Of course not. This is exactly the same.
I like this reply. Agree with most of this - I just think that crypto in general tries to play both sides as certain bad actors build pyramids. I feel like there's got to be more to the story than Coinbase's side here. I'd like to hear more from Apple. Coinbase is totally in the **** right now so it's hard to know what's spin.
And Coinbase app removed from the App Store by Apple and developer account terminated in 3…..2….1……
Like Steve Jobs said in App Store guidelines when he wrote it, “If you run to the press and trash us, it never helps”.
You're using Apple's "investments" to pay for that other investment.
And it's often not free to "gift" someone else something you already paid for. In fact, in many places, you're or the recipient may actually be required to pay taxes on that gift as well but that's another story and even more complex laws.
Apple Pay nor Apple Store backends are not free for them to run, it cost them money, so they want to be paid for it.
I disagree with Apple's 30%, it should be lowered to 10% at max for everything.
I don't enjoy seeing people lose money but crypto collapsing will be the least surprising thing.
Agreed. It will make a fine addition to the collection I keep in my dadabase.
Some of the comments here are interesting and clearly indicate they've got no clue what an NFT is. First of all the clue is in the name; it is a Non-Fungible Token. Non-Fungible It is just proof of ownership and doesn't have fungibility. As such there really shouldn't be a digital service fee associated with it at all.
Also NFT is not crypto currency, and with the recent news and event that against clearly shows that crypto currency isn't the issue, its bad business practices. What ever widget you use doesn't matter the bad business practices is to use customer and company money as your own, and selling effectively IOU's. Plain and simple fraudulent behaviour that happens in any industry and has nothing to do with crypto per sé.
It is just proof of ownership and doesn't have fungibility. As such there really shouldn't be a digital service fee associated with it at all.Also NFT is not crypto currency, and with the recent news and event that against clearly shows that crypto currency isn't the issue, its bad business practices. What ever widget you use doesn't matter the bad business practices is to use customer and company money as your own, and selling effectively IOU's. Plain and simple fraudulent behaviour that happens in any industry and has nothing to do with crypto per sé.
Yeah we've all heard this sales pitch from every enthusiast. It is still a scam.Some of the comments here are interesting and clearly indicate they've got no clue what an NFT is. First of all the clue is in the name; it is a Non-Fungible Token. Non-Fungible
Also NFT is not crypto currency, and with the recent news and event that against clearly shows that crypto currency isn't the issue, its bad business practices. What ever widget you use doesn't matter the bad business practices is to use customer and company money as your own, and selling effectively IOU's. Plain and simple fraudulent behaviour that happens in any industry and has nothing to do with crypto per sé.
Every time I see someone try and explain NFTs and/or crypto, I imagine a guy next to a whiteboard sweating with his hair disheveled and his tie on a slant basically trying to explain how this pyramid scheme isn't a pyramid scheme.
I am a long term apple user, but this is going too far. If you think using a payment app, your banking app or any cash exchange app will always be free and never subject to Apple's 30% required fees you will be surprised what's coming. Apple has gone way too far to keep their stock price up and it's going to be the end of apple if they don't relax on these required fees. Obviously just my opinion, but if this gets taken down or I get banned it's to prevent free speech obviously.
??? What is a scam, you've got to be a bit more specific. Lot's of real business is running on the blockchain and using crypto. Interbank settlements are taking place using it. Central Banks are using it. Its everywhere and it is here to stay.
Exactly, unless its an NFT
Come on then, please do explain how recording immutable proof that you own an asset (as in the case of an NFT) is a pyramid scheme?
Good luck my friend. I am 100% serious when I say I hope it doesn't fail and you're a millionaire from it one day. I hope that for everyone invested in it.
What? It's always fun paying $9500 for un ugly GIF last year, only to realize it's now worth $820 this year. But still an ugly GIF.
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