Bitcoin Is Superior To Apple Pay

THE PEOPLE HAVE SPOKEN: APPLE PAY LOSES TO BITCOIN BY TKO

If Apple Pay falls by the wayside, as the provided chart shows, Bitcoin has no real competition to wade through. It grows through the market from the grass roots, organically, by word of mouth, as the Internet did 25 years before it. Either way, Bitcoin remains strong and viable both now, and in the future.

Bitcoin should have been vulnerable to a market attack last fall. 2014 was supposed to be this horrible year for Bitcoin, based on not just the drop in dollar price, which is not really of great import. The number of scandals that have befallen the digital currency since Mt. Gox’s collapse in February of last year, plus all the negative press should have left Bitcoin weakened and ripe for the plucking. Plus, the mining companies lost last year due the drop in dollar value made 2014 the most difficult year in Bitcoin’s brief history. Yet, ever since Apple Pay was released last September, Bitcoin has seen new companies, new countries, and new national discussions about its innovations.Venture capital is at an all-time high, and the pump-and-dump exchanges risks that have plagued the market have subsided.

Since the initial press blitz by Apple and the supporting corporations last fall, Apple Pay has had its issues with fraud cases. It has generated no buzz. No businesses, industries, or even online forums have been built around it by consumers. 27% of Apple Pay users said the terminal didn’t work they tried to use Apple Pay in a recent poll. Almost half said it took too long to do a transaction, and over 40% couldn’t get help from a merchant when they ran into problems. Finally, Apple Pay has no original, nascent technology to fall back on. It is just another payment system in a field of payment systems. Apple Pay was not here to innovate for the market, but to try to manipulate a saturated market.Merchants themselves even prefer to use Bitcoin to Apple Pay, so the outcome was fait accompli.

The Internet itself grew from the bottom up. Word-of-mouth carried the Internet to global technology leadership. It wasn’t cast down by multi-national corporations as this technology that you should use to enrich them. If your new tech is good, word will get around. Bitcoin didn’t have anyone writing press releases and media campaigns for it. It just makes sense and has a concept that The People can believe in, and even take part in, personally, through mining operations, big and small. Bitcoin might very well be 5-10 years ahead of its time, but its best days are ahead of it, and it’s not going anywhere, despite the wishes of the establishment and the uninformed.