Apple Looking for a Manager With Experience in Cryptocurrency

[strwrsfrk]

lmao.

The devs, mining pools and exchanges are The Leaders and they are a very small, concentrated and colluding gang of people who pump and dump, create fake volume, wash trading, price manipulation, bribe influencers, fill the internet with bots and trolls.

Worst part is that something around 80% of the coins are owned by a tiny amount of people. They either stole them, earned them with illegal activity like human trafficking and drugs and ransoms, had a mining monopoly subsidized by dictator regimes.

So you all “investors” are just fighting for the few scraps like beggars in Mad Max Fury Road who are given some milk to drink once a week. You are controlled by them and making them your Lords.

Source for... Any of this? The distribution of decision-making and transaction verification is what I mean by leaderless, not that there is a flawless egalitarian split between every possible entity on the network.

SOURCE - Wikipedia

I've been active in the Bitcoin community for over 7 years and none of the tokens I've moved or purchased were through criminal enterprises or activity. This argument baffles me, as if cash or other traditional methods of wealth distribution are not used for criminal activity to a staggering degree.

"Fiat used 800x relative to crypto for laundering" (SOURCE - Tap)
"Criminal activity accounts for only 0.34% of transactions on Bitcoin network" (SOURCE - CNBC)

 

[strwrsfrk]

Thanks for those points.

It may not be a Ponzi scheme by the exact definition. However, the fact that early adopters benefit far more than newer investors is a large similarity.

Bitcoin is a very risky investment for a number of reasons.

1. It has no inherent value. If everybody lost interest in it, it would just be a bunch of encrypted data. A stock is a percent ownership in a company that makes and sells goods and/or services. Currency may not have inherent value, but it is backed by a nation‘s government. As you said, “Bitcoin is leaderless,” meaning nobody backs the currency.

2. A massive breakthrough in computing could decimate its value. If somebody came up with a very fast computer that could mine it at a rate far faster than what is possible today, it could lose value very quickly.

3. As mentioned before: there is no insurance like there is with a holding you have at a bank. If it gets lost or stolen, you’re up the creek.

To be honest, I agree with everything you say here. It's just that these arguments define a speculative investment (overall) more than a Ponzi or pyramid scheme.

To your second point, I hope this happens! Bitcoin mining by design drives efficiency in computing in a way that directly improves blockchain development (by reducing the block rewards every ~4 years, SOURCE - Invedtopedia). I'm a believer in blockchain first and Bitcoin second, and if Bitcoin goes to $0 while the underlying blockchain technology efficiency improvements speed up the network and adoption/development of greener computing, that's a great thing!

 

[shplock]

Bitcoin: consuming more electricity than Argentina to allow criminals to thrive.

In that case I suggest you attack fiat currency first because of all the wars it starts and all the debt and poverty it creates, just so a handful of ultra wealthy people can become even more wealthy.

 

[shplock]

It's hard to fathom a company which prides itself on environmental awareness wanting anything to do with crypto currency

Because like most things in life it depends on how you use something.
Apple could in theory create a new crypto currency that uses less energy to mine and can be created with renewable energy.
Just as a guy recently bought a farm and is going to plaster it with solar cells and use the renewable energy to mine BTC, which is a good thing though you obviously will still complain about it somehow.

 

[strwrsfrk]

It may not be a Ponzi scheme by the exact definition. However, the fact that early adopters benefit far more than newer investors is a large similarity.

Shoot, I forgot to respond to this.

Early investors profiting from successful enterprises moreso than later investments is inherent to every investment from companies (series A, B, C, etc), mining operations, and even theatre productions. The difference between these and pyramid schemes is the latter rely on direct upward redistribution of funds such that the people "on top" make money from the people "on the bottom." It's a direct function of how many people a participant recruits, NOT the overall success of the Enterprise in question.

 

[shplock]

At this rate, TSLA stock value will be down to $150 per share by the end of the year. So Elon can either start working at McDonald's, or at Apple.

At the rate Tesla will be up to over $1000 by next year and Elon can start working on colonising Mars faster than planned.

 

[SuperMatt]

Because like most things in life it depends on how you use something.
Apple could in theory create a new crypto currency that uses less energy to mine and can be created with renewable energy.
Just as a guy recently bought a farm and is going to plaster it with solar cells and use the renewable energy to mine BTC, which is a good thing though you obviously will still complain about it somehow.

The solar power would be better utilized for replacement of current power needs instead, IMHO. But if somebody wants to do that, seems like it at least will do no harm.

 

[shplock]

I would be happy to see all cryptocurrency outlawed worldwide. They are good for criminals and bad for the environment. We don’t need them.

I would be happy to see actual currency banned worldwide as it starts wars, creates and fuels debt and tips people in poverty not to mention all the criminality it enables.
last time I checked, drug lords do not accept payment in crypto, nor do street dealers!

 

[shplock]

A pyramid scheme mixed with money laundering. Need to move money out of authoritarian countries? Cryptocurrency!

Fiat currency is far far worse.
It creates wars, keeps the drug business going and keeps people trapped in poverty not to mention all the other criminality that it enables.

 

[shplock]

Mining Cryptos using lots of electricity and not good for the environment. If Apple going to green, not a good idea to support cryptos.

Might be a good idea to do some research first before posting, because like most things in life ir depends how you use something.
if you placed PVs all over the Sahara for example then there would be no problem mining BTC !

 

[shplock]

Transferring large sums of money into and out of most countries is illegal unless you inform the relevant authorities which is why crypto is so popular with criminal gangs.

I can see your point but a currency that can rise or fall by 30% in one day is more of a gamble than a lifeline for ordinary people.

Maybe a regulated dollar based digital currency would be better. It would need to be policed to keep out the criminals whilst providing a safe haven alternative to the local currency in countries with hyper inflation.

Real currency gets transferred in and out of countries in large amounts each day with money laundering that has nothing to do with crypro!
take a look at the big name banks that keep getting caught out for money laundering from HSBC to Deutche bank!
Fiat currency is used by far more criminals than crypto and is also responsible for creating more damage/harm than any crypto ever can.
Take a look at the never ending drug underworld that has been going on for decades, Long before BTC came along.
So you can hate on crypto all you like because you missed out but please attack real currency first as it does more harm each day of the week than crypto does all year.

 

[shplock]

Apple’s green credentials are totally out the window if they were to accept or support crypto.

No! Read up on crypto currencies and learn that they are not all the same and there is something magical called renewable energy that enables mining for crypto for free with no dirty energy used!
Fixed it!

 

[shplock]

Dear Apple, please don’t start accepting crypto. If you did, it will validate current cryptos. While I appreciate block chain as a technology, it’s current implementation on popular cryptos is nothing short of a modern technology scam.

Wrong! Sorry but you are just plain wrong so please stop with the FUD. I am sorry you missed the boat with BTC.

 

[shplock]

This big dump literally happens every year and they wipe out almost all the newbie poors and the long time rich people keep getting richer because they hold nearly all the coins and they control the exchanges. Don’t try to play games with misinformation because these pump and dumps, manipulation and control of the supply are well known.

There are ZERO banks who run payment on blockchain because it’s inefficient, doesn’t scale and isn’t private.

Dont play games with misinformation. We aren’t stupid like crypto cult members and casino addicts.

Sorry but not all crypto is bad and evil. learn about it before posting.
Real money is many orders of magnitude worse than any crypto ever could be!

 

[shplock]

The Internet turned out to have an abundance of terrific use cases.

Cryptocurrency / blockchain has yet to produce a single one.

It has, it is just you refuse to see them!
Look at Tesla for one using blockchain in their manufacturing to enable better tracking of cars and car parts should a recall need to happen for example.

 

[shplock]

It’s not really “missing the boat” if you deliberately don’t go to the dock or buy a ticket because the boat is called “titanic 2” and the route is via the North Pole.

Or more likely that it is the rocket that is going to Mars that has been fully colonised and gets there quickly and safely.
Can always tell those who missed their chance to make money with crypto because they post comments like yours trying desperately to make out they are not bothered when they are bothered big time!

 

[shplock]

cryptocurrency fails the worst at the one thing a currency needs to be successful, stability.

It is in its infancy days and is getting more stable.
Fiat currency lacks the one thing that money needs which is tracability!
Fiat currency causes more harm and destruction than any crypto can or ever will!

Drugs, wars, debt are all created and funded by fiat more than any crypto!

 

[shplock]

Wow I really hope that Apple keeps crypto “currency” out of Apple wallet. I was very upset when Venmo included it recently. You shouldn’t call something that goes up and down by 40-50% in value daily a currency anyway.

You totally miss the point and can not see the woods for the trees with respect.

 

[shplock]

Question: say Apple begins taking bitcoin, and I go and buy a $3000 iMac for 0.08 btc. A few days later, Musk tweets the kind of things he tweets, and bitcoin plummets by 50%. Also, I decide I don't like the iMac anymore, and I want to return it for a refund (which I'm entitled to). Would Apple give me my 0.08 btc back or 0.16 btc?

Have you heard of inflation?
You think that $1 you have in your pocket is worth $1 all the time?
HELL NO IT IS NOT!

 

[shplock]

Well put and agree about the blockchain technology being good but crypto in itself hard to tell and could be a scam.

No it is not, it is real money that is the biggest scam, from trickle down economics which does not work (it's creator admitted it recently) to quantitive easing, we keep getting scammed and the wealthy get wealthier while we get poorer whilst being told by the media we can get rich as well...sounds like a scam to me!

 

[SuperMatt]

No it is not, it is real money that is the biggest scam, from trickle down economics which does not work (it's creator admitted it recently) to quantitive easing, we keep getting scammed and the wealthy get wealthier while we get poorer whilst being told by the media we can get rich as well...sounds like a scam to me!

Currency isn’t a scam if you really understand it. It’s not a perfect system of exchange, but it’s pretty decent. Who knows if blockchain will be a replacement for it someday or not. With its current volatility, Bitcoin is not a good currency right now. It should only be seen as a risky speculative investment at the moment.

I agree that trickle-down economics is a scam though. It’s been shown to be false over and over, but since Reagan said it, people seem to believe it.

 

[shplock]

Using Bitcoin and sustainable in the same sentence is a joke, surely?

Bitcoin is a pyramid scheme that's wrecking the environment.

No! Try again!
There are more cryptos than just BTC and more and more miners are using renewable energy like the guy who bought a farm and will put PVs al over it to mine for crypto!
Crypto is in it's early days and is getting better as it gets developed better whereas real money is still total scam and joke!
We keep getting told by the media that we the poor can make money and get rich, what a load of ****ing bull****!
Did you hear about Gamestop ????????
The average Joe used the same rules as Wallstreet to play their game against them and Wallstreet and the media threw a temper tantrum and shut them all down.
You even had billionaires like Len Cooperman cry on the news at the thought of ordinary people making some money!
So please do not make me laugh with your nonsense!

 

[shplock]

Almost all your assertions are flawed, no matter how many buzzwords you use.

Fiat currency is flawed and supports the rich and wealthy whilst keeping the poor, poor no mater how much you love it!

 

[Stephen.R]

whereas real money

At least you’re acknowledging that crypto scams aren’t real money.

the first step is admitting you have a problem.

 

[chucker23n1]

It has, it is just you refuse to see them!
Look at Tesla for one using blockchain in their manufacturing to enable better tracking of cars and car parts should a recall need to happen for example.

You probably mean supply-chain transparency.

While it's true that the end result is tamper-proof, it isn't particularly "consistently verifiable". What are you verifying?

• you can't verify that the person who inputs data is honest
• therefore, you can't meaningfully verify the underlying data, only the metadata
• you can't even verify that that person works at a supplier. What if they used to, and took the key with them?
• you can't verify where the keys come from, unless you make a central key management, making blockchain largely moot
• you can verify that the data isn't altered after the fact, but given that you can't verify the data in the first place, that's a geeky curiosity, not a useful property

But yes, I appreciate that it's a nice hype that produces some useful contracts for consultants. Good for them.