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Until there's a system that works for consumers 98% of the time or more, consumers will continue to reach into their wallets for a plastic card. Proprietary sof

Until there's a system that works for consumers 98% of the time or more, consumers will continue to reach into their wallets for a plastic card. Proprietary software vendors are never going to hit that rate of acceptance, and for the most part, they're all wasting their time with these half-baked implementations. As soon as a universal open standard of payments becomes accepted by the big merchants, that's when these mobile payment space will take off. No one wants to embrace Bitcoin for all the obvious reasons, but there is no other competing solution, so it'll clearly be the inevitable, if not reluctant, winner in this market.

quonn 12y ago
More likely, Apple and Google will cooperate if they have to. Or Apple will revert to their old policy and remove Bitcoin apps from the App Store.
- brighton36 12y ago
  ISPs in the 90s never cooperated to form a neutral standard for content design and layout because there was never a standard that could possibly serve any one of their interests without coming at an expense to every other member in a coalition. This early mobile payment space is highly comparable to that industry. Further, there's a lot more providers in this space than Apple and Google. Those two have already merged onto a fairly similar NFC standard, which is about as far as they could go without support from merchants. Meanwhile, merchants are fairly rapidly adopting Bitcoin.
  - luma 12y ago
    > ISPs in the 90s never cooperated to form a neutral standard for content design and layout because there was never a standard that could possibly serve any one of their interests without coming at an expense to every other member in a coalition. Could you explain this further? What standard would ISPs be developing in the 90s for content and layout?
    - brighton36 12y ago
      There never was one, which is the point. Compuserve had a weird compiled binary format. AOL had a similarly weird proprietary format, Prodigy was a vector based system that could never work with anyone else, and there were countless others (Genie, etc). Meanwhile, HTML came along over PPP, and that's when the entirety of corporate america, and residential dial-up users joined the network. The same thing is happening now with the mobile payments industry.

quonn 12y ago

More likely, Apple and Google will cooperate if they have to. Or Apple will revert to their old policy and remove Bitcoin apps from the App Store.

brighton36 12y ago
ISPs in the 90s never cooperated to form a neutral standard for content design and layout because there was never a standard that could possibly serve any one of their interests without coming at an expense to every other member in a coalition. This early mobile payment space is highly comparable to that industry. Further, there's a lot more providers in this space than Apple and Google. Those two have already merged onto a fairly similar NFC standard, which is about as far as they could go without support from merchants. Meanwhile, merchants are fairly rapidly adopting Bitcoin.
- luma 12y ago
  > ISPs in the 90s never cooperated to form a neutral standard for content design and layout because there was never a standard that could possibly serve any one of their interests without coming at an expense to every other member in a coalition. Could you explain this further? What standard would ISPs be developing in the 90s for content and layout?
  - brighton36 12y ago
    There never was one, which is the point. Compuserve had a weird compiled binary format. AOL had a similarly weird proprietary format, Prodigy was a vector based system that could never work with anyone else, and there were countless others (Genie, etc). Meanwhile, HTML came along over PPP, and that's when the entirety of corporate america, and residential dial-up users joined the network. The same thing is happening now with the mobile payments industry.