Sidebar Sidebar
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

Apple Blocks Coinbase Wallet App From Sending NFTs Because of In-App Purchase Dispute

This sounds like Coinbase is lying. Brian Armstrong their CEO is very scammy and very manipulative. The libertarian jet set CEOs like Musk, Armstrong, Sweeney are always trying to stir up trouble with the App Store with deceptive tweets. Elon’s tweets early this week were an example of the false alarms they sound.

Apple can only take a cut from in app purchases that use Apple Pay. Crypto people will be able to transfer stuff on their dumb blockchains just fine as long as it doesn’t involve Apple Pay.
 
  • Like
  • Disagree
Reactions: snek, deckard666, AdonisSMU and 3 others
Macmanrules said:
Um, wtf…this is getting out of hand. 30% apple tax, 35% federal tax on what’s remaining, 10% state tax on that…omg. Wft is going on with this world. Everyone want to put their hands in your pocket. It’s theft, steal from the poor to give to the rich.
Click to expand...
Then 6% on everything you buy (up to 15% in places where they like to pay more), the some amount for the right to own a car (that you already own and paid for), plus some other quite substantial amount for the right to live at the chunk of land that you already also bought and paid for.

Every time I think about “I bought this or I made that income or I own whatever” these thoughts cross my mind and I feel scammed… trying to not pay any of the before mentioned fees or right to own taxes will quickly teach who owns what.
 
Chinch07 said:
I’ve purchased digital goods on eBay. Video game download codes for example. You purchase via eBay and then the seller eBay messages you the code.
Click to expand...
People don't bother to read the App Store guidelines. You can still sell digital goods on iOS and not be subjected to Apple commission. The general rule is if it is a digital good AND can be consumer/used/played in the app then it is subjected to the commission. For example, with Google Stadia app you could purchase games but you couldn't play then within the app. Instead you needed to use the Stadia web app to play the games. Google paid nothing to Apple.
 
  • Like
Reactions: Solomani and deckard666
Assuming Coinbase is being honest, I don't understand how that would work. There's no fiat currency changing hands. Would an extra 30% cut of eth be sent to an Apple address?
If not, then it's a non-starter. This is stupidity at the highest level.

I know this crap is all a scam and ultimately worthless, but I can't imagine looking at this and thinking "Yes, we want 30% of... whatever this 'gas' is"
 
alchemistmuffin said:
Like Steve Jobs said in App Store guidelines when he wrote it, “If you run to the press and trash us, it never helps”.
Click to expand...
That's why they're running to politicians.

enterthemerdaverse said:
This sounds like Coinbase is lying (...) Apple can only take a cut from in app purchases that use Apple Pay.
Click to expand...
...and they allegedly decided that transfer ("gas") fees have to be such an in-app purchase.

Your personal badmouthing of Armstrong, Musk and Sweeney adds absolutely to your argument or prove your point that they "must" be lying.
 
ponzicoinbro said:
No it isn't.

A bank transfer isn't a purchase.

And banks police money laundering and suspect transfers themselves.
Click to expand...
This is about gas fees for transfer, not the purchase itself. Bank transfer analogy makes sense here.
 
MikhailT said:
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.
Click to expand...

What is apple’s investments in my coinbase trading? Should they be taking fees from my E*Trade app I downloaded from the App Store also? They start doing that and I’ll gladly buy a Pixel phone or Galaxy
 
  • Like
Reactions: G725
ponzicoinbro said:
No it isn't.

A bank transfer isn't a purchase.

And banks police money laundering and suspect transfers themselves.
Click to expand...
And charge fees for said transfer, depending on how it's transferred & your account setup/type (usually, the higher-end personal accounts would offer free wire transfers).
 
Because of its security iOS could be the the number one OS to run your crypto applications.
 
Apple probably want to collect 30% commission on bank transfer via iOS bank apps as well if that’s an option. Say you want to transfer $100 to someone else, the other side would only receive $70. That’ll be absolutely wild, even though Apple has no involvement during the entire bank transfer process. Or they are working towards it?

NFT is pretty stupid In general, but we will see how this pans out.
 
The number of corporations that Apple is obstructing is mounting. Eventually, a few of them will incentivize the right people to start an antitrust case against them. The wall will fall.
 
  • Like
Reactions: AppliedMicro
Shirasaki said:
Apple probably want to collect 30% commission on bank transfer via iOS bank apps as well if that’s an option. Say you want to transfer $100 to someone else, the other side would only receive $70.
Click to expand...
Not on the amount transferred - just on the transaction fees.
 
  • Like
Reactions: deckard666
alchemistmuffin said:
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”.
Click to expand...
If this attitude still exists then it certainly justifies Apples market position being investigated.
 
So when is Apple going to charge us 30% for every banking transactions we do?
 
deputy_doofy said:
These people are too busy lumping crypto with "crime and drugs" to actually understand even the basics of blockchain tech. So thankful the dollar was never used for crime and drugs. lol

As a side note, I think NFTs are awful. Crypto, in general, still has a long way to go.
Click to expand...

Not all NFTs are awful. Stupid Ponzi PFP projects are. With their buyers lying to each other and posting how "stoked" they are for joining a project when in reality they are sharing it in the attempt to dump on the next naive buyer.

If you want an NFT with real utility, look into ENS. And this isn't shilling since I make 0 money off you minting or buying your own Web3 identity.
 
  • Like
Reactions: cyb3rdud3
baking soda said:
Not all NFTs are awful. Stupid Ponzi PFP projects are. With their buyers lying to each other and posting how "stoked" they are for joining a project when in reality they are sharing it in the attempt to dump on the next naive buyer.

If you want an NFT with real utility, look into ENS. And this isn't shilling since I make 0 money off you minting or buying your own Web3 identity.
Click to expand...
Exactly, there is so much more to the technology and utility of NFT's than ugly monkeys. But the press and most people on here don't seem to get that at all.
 
  • Like
Reactions: baking soda
ProfessionalFan said:
I prefer my monkeys to be fungible, but that's just me.
Click to expand...
And that is the awesome thing about NFTs, your monkeys can be fungible whilst the NFT provides the evidence that they are your fungible monkeys! And when you sell your fungible monkey its ownership provenance is indisputable...Just as one use case...
 
enterthemerdaverse said:
This video is perfection and it is also why gamers are very aggressively against NFTs coming anywhere near their favorite games.

Click to expand...
Oh dear oh dear, so many inaccuracies there and generalisations. Sure in any industry, including traditional financial institutions, car sales, butchers (yup really, typically a cash business with value added tax exemption) there are nominals who use it for such purposes. The possibilities are endless for those who are wilfully uncompliant and they keep changing their game. Doesn't mean those who are not all fall in the same category. Criminals will be criminals, not unique to crypto projects and initiatives.
 
Smartass said:
"bUt ThEn YoU dONt oWN iT!🤪"
- Garry Wee probably
Click to expand...
Hahahaha! Right? As a crypto enthusiast, I'm the first to admit we still have a LONG way to go. NFTs may need a new name in the future. What I mean is, the concept behind the NFT is great. It could be used for car and house notes, mortgages, concert tickets, movie/tv/album ownership, etc. But a f###ing picture? Nope. And the term NFT will always be linked to "pictures of apes." 😆🤣
 
baking soda said:
Not all NFTs are awful. Stupid Ponzi PFP projects are. With their buyers lying to each other and posting how "stoked" they are for joining a project when in reality they are sharing it in the attempt to dump on the next naive buyer.

If you want an NFT with real utility, look into ENS. And this isn't shilling since I make 0 money off you minting or buying your own Web3 identity.
Click to expand...
I just responded to someone else in a similar way. I should have clarified that the current popular use of NFTs is awful. I don't care about ape pics. When they start being used for real world stuff -- movies, TV, music, mortgages, house and car notes -- people will come to understand the usefulness of data stored on the blockchain. The term NFT may need to change, though.
 
  • Like
Reactions: baking soda and cyb3rdud3
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom
Back