Has Apple just committed a blunder of historic proportion?
When Apple pulled the Blockchain.info wallet app from the Apple store yesterday, Blockchain drew a line in the sand and came out swinging – calling Apple out for trying to use its monopoly power to take for itself what is generally believed to be the inevitable migration toward digital currency payment systems. Many thought (myself included) this to be a huge blunder by Apple because the centralized handling of all things Apple (think “iCoin”) is at fundamental odds with the premise of the BitCoin protocol’s trusted consensus achieved via a de-centralized highly distributive network. It’s hard to believe Apple doesn’t get this.
This article well articulates why Apple may be destined to loose this fight.