There’s No Logic Behind Most Crypto Economics

Ursprünglich erschienen auf: https://www.reddit.com/r/CryptoCurrency/comments/ei4pnc/theres_no_logic_behind_most_crypto_economics/

the more I learn about cryptocurrencies, the more I can't understand their logic. Look at the biggest altcoin foundations. Ethereum foundation, litecoin foundation, IOTA foundation, and even a for-profit Ripple company. Like, literally, every single one of them has a very flawed business model. Their entire existence depends on dumping their own tokens. I mean, WTF. what makes them think this is a sustainable business model?

Imagine if Microsoft's business model is just dumping MSFT stock, would they survive? Imagine if Apple's business model is not selling iphones but AAPL stock. That's how cryptocurrency companies work. Dumping their own tokens to the bagholders without any consistent source of income. WTF…

Why can't they think of a better business model?

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Ethereum Gets Solid Support from Ernst & Young: What to Expect

Ursprünglich erschienen auf: https://cryptocurrencynews.com/ethereum-ernst-young-support/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

The past few days have been quite difficult for the crypto space due to the continuing poor performance by some of the leading tokens; however, major cryptocurrency Ethereum received some boost today. In a new development, consultancy giant Ernst & Young announced a new source code that could make the ETH blockchain far more efficient and secure.

How Important is This?

The development comes at an interesting time since ETH is all set to upgrade its network in order to control costs significantly and promote efficiency. This is a development that could have a far-reaching effect …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

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Ethereum Gets Solid Support from Ernst & Young: What to Expect

Ursprünglich erschienen auf: https://cryptocurrencynews.com/ethereum-ernst-young-support/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

The past few days have been quite difficult for the crypto space due to the continuing poor performance by some of the leading tokens; however, major cryptocurrency Ethereum received some boost today. In a new development, consultancy giant Ernst & Young announced a new source code that could make the ETH blockchain far more efficient and secure.

How Important is This?

The development comes at an interesting time since ETH is all set to upgrade its network in order to control costs significantly and promote efficiency. This is a development that could have a far-reaching effect …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

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Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple

Ursprünglich erschienen auf: https://thebitcoinnews.com/coinbase-wallet-removing-mobile-dapp-browser-to-comply-with-apple/

It’s been a busy couple of weeks for bad news in crypto, with Youtube’s removal of hundreds of videos, Google Play’s removal of Metamask, and now Coinbase mobile wallet users facing an announcement their app is losing its dapp browser, reportedly due to restrictive policy requirements from Apple. Some are calling the announcement “the last straw,” and even Coinbase leadership appears none too pleased.

Also Read: Google Bans Crypto App Metamask From Play Store

Defi Takes a Hit

The great Youtube Christmas purge. Google Play’s banning of Metamask. Recent events have proponents of decentralized finance and cryptocurrencies asking themselves just what exactly is going on. Now it appears Apple’s policy is next to come under fire from the crypto community, as the Coinbase mobile wallet on the App Store appears to be in the process of removing the built-in decentralized app (dapp) browser.

In a December 28 Reddit post, one user shared a screenshot supposedly from the iOS mobile app which read:

Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple

Coinbase CEO Brian Armstrong replied in the thread saying:

Coinbase CEO here. This is really unfortunate to see. Apple seems to be eliminating usage of Dapps from the App Store.

Armstrong went on to state, “If Apple customers want to be able to use Dapps, we may need to make this request know to Apple in some way. This is an important area of innovation in finance, and many developers and early adopters of this technology have millions of dollars worth of crypto tied up in these financial applications, which they will no longer be able to use on Apple mobile devices if this app store policy continues.”

Dapp-Related Information Missing

A comparison of the Google Play version of the Coinbase wallet and the App Store version reveals that there’s now almost no language mentioning dapps on the App Store version, while the name of the wallet on Google Play remains “Coinbase Wallet — Crypto Wallet & Dapp Browser.”

App Store screenshots.
Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple
Screenshots from the Google Play Version.

Capabilities for browsing dapps within the Apple version of the application already appear to be missing at press time, when news.Bitcoin.com opened the app for review.

Community Reactions

“This is the final straw for me and I will never be buying another apple product,” one Redditor proclaimed. Another answered: “Google is doing the same thing with metamask mobile. There is nowhere to go.” Some in the crypto space think big names should band together and push back against the perceived anti-defi moves of mega corporations and vested tech sector interests. Redditor decibels42 wrote:

Will the leading companies in this space (Coinbase, Gemini, Consensys, etc.) work together on this and fight back? Whether it’s anticompetitive law suits or in other ways, if the industry just rolls over and allows censorship of Web 3, or allows Apple/Google to make dapps/wallets extremely difficult to access (removing the dapps/wallets from their stores) and/or to be discussed (censoring crypto videos on YouTube), this tech will never get adopted by the masses.

Ampleforth co-founder Brandon Iles tweeted, “The news that @Apple is removing Dapp browsers like @Coinbasewallet from the app store, while disappointing, shouldn’t surprise anyone. Terms of service have been clear since the beginning and I’m mostly surprised it took this long. Not saying it’s a good decision, though!”

It’s clear that Apple’s crypto guidelines and the uncaged world of decentralized applications are foundationally incompatible. How the decentralized finance industry and individual crypto users react to these changes could say a lot about the trajectory of crypto use and innovation into 2020 and beyond.

What are your thoughts on the removal of dapp-related capabilities from App Store applications? Let us know in the comments section below.


Image credits: Shutterstock, fair use.


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The post Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple appeared first on Bitcoin News.

 

source: https://news.bitcoin.com/coinbase-wallet-removing-mobile-dapp-browser-to-comply-with-apple/

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Ethereum Gets Solid Support from Ernst & Young: What to Expect

Ursprünglich erschienen auf: https://cryptocurrencynews.com/ethereum-ernst-young-support/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

The past few days have been quite difficult for the crypto space due to the continuing poor performance by some of the leading tokens; however, major cryptocurrency Ethereum received some boost today. In a new development, consultancy giant Ernst & Young announced a new source code that could make the ETH blockchain far more efficient and secure.

How Important is This?

The development comes at an interesting time since ETH is all set to upgrade its network in order to control costs significantly and promote efficiency. This is a development that could have a far-reaching effect …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Read More