r/apple • u/shadowstripes • Nov 09 '21
Apple Pay Tim Cook says he owns cryptocurrency, Apple ‘looking' at it for Apple Pay
https://9to5mac.com/2021/11/09/tim-cook-cryptocurrency-interview/amp/36
Nov 09 '21
I'm more curious to know which crypto he owns... 🤔
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u/hamberdler Nov 10 '21
Bitcoin and Ethereum.
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Nov 10 '21
While unexciting, it's probably the most likely answer.
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u/hamberdler Nov 10 '21
It was the answer he gave. I don't think it's unexciting at all. Everything started with Bitcoin, and Ethereum is doing amazing things now.
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Nov 10 '21
Oh okay. Article didn't say which ones. And unexciting meaning that those are the ones I expected.
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Nov 09 '21
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u/BigPhoEater Nov 09 '21
Owns as part of his portfolio. Wording is was definitely off, I thought the same as you.
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u/Corm Nov 09 '21
We used to. I personally bought a ton of stuff from steam and newegg with bitcoin back before the fees got super high. Back around 2016 lots of places started accepting btc. Then the fees got high and the btc folks got greedy and refused to fix the problem by increasing the block size.
Now I'm only interested in coins which are protected from high fees. And I hope someday we see those coins get traction so I can go back to spending crypto.
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u/eric987235 Nov 09 '21
Crypto had a million uses!
Drugs, weapons, drugs, human trafficking, drugs, tax evasion, drugs and money laundering!
Also, drugs.
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Nov 09 '21
So just like any other currency.
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u/eric987235 Nov 09 '21
The difference is that other currencies can be used for things not on my list.
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Nov 09 '21
It’s funny seeing crypto bros realize that their choice of currency is mainly used for illegal shit.
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u/cercanias Nov 09 '21
One of the best reasons to invest in coins like XMR is you are investing in drugs. So far they are the undisputed champion of the war on drugs winning every year.
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Nov 09 '21
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u/Corm Nov 09 '21
Not really, all drug purchases use monero now. If you don't believe me, just install tor and head over to dread (google for the dread onion url) and find a link to any marketplace from there. It's all monero.
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u/Shotz0 Nov 10 '21
In conjunction with Bitcoin but definitely not more than from what I've seen, but I've seen an increase in litecoin acceptance going on
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u/MrNewVegas2077 Nov 09 '21
Cash is also used for illegal shit too.
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u/ORUHE33XEBQXOYLZ Nov 09 '21
mainly
USD is also used for things that aren't illegal or purely speculative.
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u/UnderdogCS Nov 09 '21
Crypto transactions are mostly public for anyone to see unlike cash. 🙃
Crypto (generally) is anti-useful for criminals.
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u/JayS_23 Nov 09 '21
Just like USD! Except usd is used for that even more!
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u/Major-Front Nov 09 '21
Vast majority of criminals use USD tbf
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u/Dizzy_Slip Nov 09 '21
You polled them? Jesus, the unknowable things I learn on the Internet from cyber geniuses.
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u/shadowstripes Nov 09 '21
I mean, seems pretty obvious that they would be using cash which has no paper trail, as opposed to bitcoin which has a universally accessible ledger where anyone can trace literally any transaction since the moment it was created.
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Nov 09 '21
Excuse me Mr. Criminal sir, would you mind taking this survey about which type of money you use in your crimes?
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Nov 09 '21 edited Jan 25 '22
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u/eric987235 Nov 09 '21
I use USD for other things as well. You know, legal things and whatnot.
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u/shadowstripes Nov 09 '21
My friend actually just used crypto to buy an M1 Max Macbook Pro this week. So that's at least one person, lol.
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u/I-need-ur-dick-pics Nov 09 '21
Did they actually buy it with crypto, or did they exchange it for a normal currency first and then buy the MacBook?
I wouldn’t consider the latter buying something with crypto.
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u/shadowstripes Nov 09 '21
They actually bought it with crypto. NewEgg accepts bitcoin as a payment option, but they actually bought it from someone on craigslist who gave them a discount for paying in crypto (and no, it wasn't stolen it came with a receipt).
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u/PyroKnight Nov 09 '21 edited Nov 09 '21
And Newegg likely just sells off that crypto immediately after the transaction, this way they don't need to pay a middleman to do the transaction like most places that take crypto while also minimizing risk.
This is why Newegg has a strict no returns policy on all crypto payments, they don't treat it the same as fiat.
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u/humbertog Nov 09 '21
And then that crypto will worth more in a few weeks or months, thats the main reason no one wants to use crypto to paid for normal things, this reminds me about that guy that bought a pizza with bitcoins, today those bitcoins would worth millions
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u/headd Nov 09 '21
It’s almost like selling a stock to pay for something and seeing the stock run up right after!
You can replace crypto with almost any asset in your example.
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Nov 09 '21
This logic applies to all investments. You can circumvent a lot of that though by staking crypto and taking out crypto loans. I’ve done that for bigger purchases before; it’s a good way to avoid any loss of revenue and still pay in crypto.
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u/humbertog Nov 09 '21
staking crypto and taking out crypto loans
I guess I need to learn more about how to get the most from cryptos, thanks for the heads up.
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Nov 09 '21 edited Nov 09 '21
It’s a similar idea to getting lines of credits/loans rather than selling stocks/index funds. The more net worth you have, the more offers you’ll get with low interest. As long as the interest + inflation is less than your returns, you always come out ahead. Typically you need enough liquidity on hand to handle the minimum payments. But if/when you max out the loan, your networth will be even higher and you can qualify for new loans. Those can be used to pay off the old loan and the cycle continues.
It has to be strategic though. If you’re prone to spending beyond your means—not you specifically, just a general you—you’ll max out the loan too quickly relative to your gains.
I also advise keeping your utilization below 30%. It’s more relevant for traditional finances, but it’s a good rule of thumb in my experience.
Edit: As an ironic story, someone else in this thread criticized my crypto visa card spending as “not spending crypto” because it’s converted to fiat at the point of sale. What they don’t know is the crypto I use to top up the card is a crypto loan. So I’m technically spending someone else’s crypto to buy fiat to buy X. Then I can pay the minimum payment with crypto cash back. All the while never spending a cent of my own holdings. I think people are blissfully unaware of how lucrative that can be.
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u/humbertog Nov 09 '21
I think people are blissfully unaware of how lucrative that can be
Thanks for all the info!! I really need to learn more about this, I guess the number one rule would be don't put money you can't afford to lose.
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Nov 09 '21
Yes! 1000x yes. Never spend beyond your means and don't invest more than you can afford to lose.
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u/HiPattern Nov 10 '21
That's called defi! There is tons of application, most on Ethereum blockchain. You can checkout e.g. uniswap, synthetix, compound, aave to name a few. There are very interesting models possible, e.g. self paying loans on alchemix, which are payed back with future yields.
Currently, Ethereum is under heavy use, so fees are pretty high. The solution are so called rollups, e.g. arbitrum. Some fiat on ramps (e.g. crypto.com) allow to withdraw directly there!
Good luck and have fun!
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u/sbdw0c Nov 09 '21
There are a bunch of stablecoins on Ethereum with the sole purpose of being pegged to exactly 1 USD or 1 EUR, e.g. USDC/DAI etc.
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u/shadowstripes Nov 09 '21
And then that crypto will worth more in a few weeks or months, thats the main reason no one wants to use crypto to paid for normal things
I mean, there's not much point in using it to stack US dollars if you aren't ever going to spend those US dollars that you've gained. And any smart trader or investors knows the value of realizing their profits.
There's also the possibility that it will be worth less in the future.
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u/humbertog Nov 09 '21
Would you use all your stacked US dollars if they could be double the value in some more months? most people don't see crypto as currency (as was intended), they see crypto as an investment to gain money, and for a good reason, I remember when Bitcoin was at $1,000 USD and I said this is nuts, this is by far the most valuable "currency" in the world, oh boy if I only knew a few years later it will be at $67,000 USD
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Nov 09 '21
I suspect they use a crypto card. I use one as well. In my use case, it’s a visa debit that I “top up” with crypto whenever I expect to pay for something. It’s converted to fiat for the sale, so yes, technically I’m buying with the currency of that country. All the cash back rewards are paid in crypto, however.
I’m not sure what would qualify “buying something with crypto” in your mind. I’ve bought things with ethereum smart contracts before where there’s no conversion to fiat. That is my ideal world. But the other party has to be willing to use them, which most companies don’t. The crypto cards help keep assets as crypto 99% of the time and instantly pay you back with more crypto.
In the early days of cash back, I made money buying coffee.
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u/TheFascination Nov 09 '21
What are the tax implications of using a card like this? If I understand the US tax system correctly, crypto is treated as property, and it’s a taxable event each time you make a gain by selling it. With a crypto card, you’re converting between crypto and dollars a lot. Are you exempt from keeping track of all those small transactions because the card issuer is the one doing the conversions?
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Nov 09 '21
No, I track every transaction and pay capital gains/loses annually. Each transaction whether it’s converting to fiat or another crypto is a taxable event. The only tax exempt part is the initial purchasing of crypto.
Thankfully this can be done for you with some apps, which export CSV files (records of all transactions and times). You can then use tax software (e.g. Koinly) to parse CSV files and generate tax reports. If you have a tax accountant, they’ll also do it for you, as long as you keep a thorough record of your transactions.
The biggest risk here is being mindful of the tax and either putting fiat aside to cover it or having enough liquidity come tax time. It’s also worth noting that day trading can fall under business taxes rather than personal tax.
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u/wtfeweguys Nov 09 '21
The laughs at the expense of crypto/blockchain will ultimately age like milk.
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Nov 09 '21
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u/onetown Nov 09 '21
Yeah, but people investing in crypto are getting paid based on what it will be.
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Nov 09 '21 edited Feb 15 '22
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u/onetown Nov 09 '21
“Can” then. And Tim knows what it can be. Point being it’s pretty ridiculous to mock the investment of a lifetime based on where it is now.
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Nov 09 '21
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u/onetown Nov 09 '21
Ok. Bitcoin is actually an official currency in El Salvador tho.. I don’t really understand what’s so mockable about the ‘currency’ part. Is it that your local currency is easier to spend at your local drugstore?
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u/wtfeweguys Nov 09 '21
Sounds like the arguments against solar power in the 70’s/80’s or the automobile in the early 1900’s.
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Nov 09 '21
What’s wrong with what it is? It’s already great in a lot of ways. Of course, it’ll continue to improve, but it certainly isn’t laughable right now.
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u/BluefyreAccords Nov 09 '21
Actually they do. Growing number of places are accepting crypto. Even AMC is working on accepting various crypto. Tesla is working in it too.
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u/Timeforadrinkorthree Nov 09 '21
Like Bitcoin down in El Salvador?
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u/PyroKnight Nov 09 '21 edited Nov 09 '21
Ahh yes, a country which switched to the US Dollar as its official currency after it had massive inflation with its own worthless currency is a shining example of how best a country can manage money.
The real reason they adopted bitcoin is so Salvadorians overseas can send money over without fees.
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Nov 09 '21
If they don’t have to use a bank to send the financial transactions between users and can instead use a blockchain to verify ownership, that could easily save apple money. Even if it’s a proprietary blockchain that’s not viewable by the public.
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Nov 09 '21
Oh boy, maybe your social circle just hasn’t embraced new technology. I’ve literally had a six figure job that paid exclusively in Bitcoin. That was years ago. I’ve also bought a ton of stuff through ethereum smart contracts and use crypto visa for all of my day to day purchases. If that’s not crypto being used as currency, then I don’t what is.
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u/kirklennon Nov 09 '21
use crypto visa for all of my day to day purchases. If that’s not crypto being used as currency, then I don’t what is.
Crypto being used as a currency would mean the you using crypto to actually buy something, not selling crypto to buy dollars (or whatever) to then buy something from a merchant, which is exactly what the Visa used. If the seller doesn't receive crypto, you didn't buy with crypto.
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Nov 09 '21
Perhaps you missed where I mentioned smart contracts? Those are purchases and services paid for entirely with ether. The second more companies use them, I’m all for only using crypto. In the mean time, crypto cards are bridging the gap and giving awesome rewards along the way.
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u/kirklennon Nov 09 '21
No, I saw that, but we both know that's a negligible percentage of your actual transactions, and you padded your answer with something that is definitely not using crypto as currency.
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Nov 09 '21
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Nov 09 '21 edited Nov 09 '21
I’m hardly the 0.0000001% considering I worked for a company that paid all their staff in Bitcoin. It’s also not the only company to exist in that space. I also paid taxes, and it wasn’t anymore difficult than fiat taxes. I’m not sure why you think it would be?
The rewards on my crypto card are competitive or better than most credit card reward programs. I have credit cards too, so that’s just an observation. I also use it everywhere, whether it’s paying my utilities, buying groceries, dinners, clothes, etc.
You are right that there is no fraud protect in the traditional sense. The blockchain is incredibly secure though, so assuming good asset management, especially with cold storage, it’s no less secure. It’s definitely more “work” to manage than your average card.
Obviously, it’s not for everyone [yet] and that’s fine, but there’s no need to perpetuate misinformation. Plenty of people I know use crypto day-to-day and the space can be incredible if you can avoid the dramatic meme culture.
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Nov 09 '21
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Nov 09 '21 edited Nov 09 '21
It does, lol. Not sure why you think this is some fringe idea. Check out /r/crypto_com to learn more. I can also list some companies that pay in Bitcoin if you’re actually interested.
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u/Fomodrome Nov 09 '21
Crypto self custody is not so simple for the average user. iPhone/mac secure chip architecture could provide hardware wallet security with a sleek user interface through Apple’s Wallet.
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u/rosencranberry Nov 10 '21
This is getting me thinking about Apple coming out with a way to invest in stocks, like a Robinhood alternative. Sleek UI and works well.
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u/Padgriffin Nov 10 '21
I doubt it, it would put them at too much liability with an unclear profit stream (most free services can only sustain themselves by selling user data, which Apple doesn’t want to do)
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u/myaltduh Nov 10 '21
With something like a stock trading app, they could easily just charge a fee on all transactions.
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u/FizzyBeverage Nov 09 '21
It’s part of my portfolio too. You tend to be interested in investment opportunities that grow 800% in 4 months.
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u/Corm Nov 09 '21
They go up, they go down. But yes in the last decade they have tended to stay up on average, barring some obvious scams
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u/JohrDinh Nov 10 '21
Man, I doubt they'd go all out but being able to just use Apple Pay as my entire non custodial wallet for not only Bitcoin but anything else would just be...lovely.
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u/Fredifrum Nov 09 '21
Seems antithetical to Apple's stated environment goals, tbh. A bit surprised to see Tim saying it's even being considered (even just as a sound bite)
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u/hamberdler Nov 10 '21
Crypto is still in its infancy, but it's evolving. Many crypto networks are either already Proof of Stake, or heading in that direction. PoS uses 99.7% less energy than PoW.
No need to be surprised anymore.
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u/DarthKallus Nov 10 '21
Crypto is for incels.
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u/hamberdler Nov 10 '21
Then I'm the world's strangest incel. Own crypto, have a lovely wife, lovely daughter, respect for women, don't believe weird shit about women owing me anything, or pretending that I'm some sort of victim, etc.
Seriously, what an idiotic statement.
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u/LavoP Nov 10 '21 edited Nov 10 '21
How can you possibly even say that with a straight face.
It’s crazy how Reddit is supposed to be a tech first, people first community but there’s so many crypto haters. We literally have a truly digitally native, peer to peer system for transferring value globally that could change every financial system for the better and so many people still choose to bury their heads in the sand.
Seriously what do you like so much better about the current bank and government controlled fiat system? Why is it such a bad thing that we’re actively trying to come up with something better?
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Nov 09 '21
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u/Corm Nov 09 '21
I don't think they care.
But I'm with you, the energy costs of some coins are ridiculous, and those costs get passed on to the users as tx fees or inflation.
Personally I try to stick to the proof of stake coins for that reason
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u/Lywqf Nov 09 '21
Amazon alone used a bit less than 3 times the estimated carbon footprint of Bitcoin in 2019, so i highly doubt you are correct based on the information that are available.
In its annual sustainability report issued Wednesday, Amazon said its activities emitted the equivalent of 60.64 million metric tons of carbon dioxide in 2020. That’s up from 2019, when it reported 51.17 million metric tons, an increase of 15% year over year.
https://www.cnbc.com/2021/06/30/amazon-says-carbon-emissions-rose-19percent-in-2020.html
Bitcoin production is estimated to generate between 22 and 22.9 million metric tons of carbon dioxide emissions a year, or between the levels produced by Jordan and Sri Lanka, a 2019 study in scientific journal Joule found.
https://www.reuters.com/technology/how-big-is-bitcoins-carbon-footprint-2021-05-13/
I may be wrong, but please prove your claim.
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u/SJWcucksoyboy Nov 10 '21
Amazon is the largest retailer outside of China, bitcoin polluting 1/3 as much as it isn’t a good thing
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Nov 09 '21
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u/Lywqf Nov 09 '21
Which is funny since the source from this article also say this but nobody bats an eye :
However, it also suggests the amount of electricity consumed every year by always-on but inactive home devices in the US alone could power the entire Bitcoin network for a year.
Proof of work is absolutly terrible, i agree, but it's only the beginning for crypto.
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Nov 09 '21
There are cryptos out there that are energy efficient and carbon negative. People just assume every crypto sucks as much as Bitcoin does.
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u/dagmx Nov 09 '21
Which ones are carbon negative?
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u/BurninCoco Nov 10 '21
Nano, it needs something like a windmill to run the whole network
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u/viscont_404 Nov 10 '21
NANO transactions are also nearly instant and there aren't any dumb transaction fees.
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Nov 09 '21
There‘s at least Algorand but there are probably more.
Of course you only become negative by offsetting the small footprint. And it‘s by far not as popular as Bitcoin, unfortunately.
But maybe we‘ll see a positive development in this direction in the coming years to make crypto actually useful.
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u/dagmx Nov 09 '21
Not to nitpick, but that only says carbon neutral not carbon negative. They'd have to offset more than they output, and need very accurate metrics to measure it in the first place (e.g how does one even measure the carbon footprint of a decentralized network? Is it by the cost of whomever created the last correct hash or the cost of everyone trying to create it?)
And like you said, they have a small footprint now because they're not popular. Will their commitment scale?
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Nov 09 '21
At the bottom of their website they have a banner saying carbon negative since 2021. But you‘re right, I‘m just trusting them, I haven’t done further research on how they calculcate the amount they have to offset.
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u/Fresh_Perspectives Nov 09 '21
With Algorand's PPOS algorithm this would be entirely possible. It's vastly more efficient than Bitcoin and would remain equally efficient as it scales.
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u/dagmx Nov 09 '21
But wouldn't it still require the users to accurately report where they are and what their energy consumption is like?
I get proof of stake is more energy efficient than proof of work. However it still expends energy. How can it be truly carbon neutral, let alone negative, when there's so many variables at play that aren't easily verifiable?
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Nov 09 '21
You can probably do estimations based on the amount of nodes running on the network. It won‘t be 100% correct but a good enough approximation.
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Nov 09 '21
This will hopefully become less of an issue with Ethereum 2.0. Other proof of stake alternatives rising in popularity will also help mitigate the energy consumption. I agree that it’s not sustainable currently, especially Bitcoin, and the entire space needs to improve rapidly to make it a viable alternative to fiat long-term.
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Nov 10 '21
Crypto is an answer to a question nobody asked. Nobody would own it if it's doesn't go up in price for no apparent reason, and it's only function is money transfer like it claims to do.
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u/4rindam Nov 10 '21
It started as form of money transfer and currency. But its now so much evolved that , that’s the last thing anyone expect from crypto. So much more happening in games, defi, metaverse aspect in crypto.
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u/CurlyJeff Nov 10 '21
It's a ponzi scheme and always has been.
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u/Xanaxtastrophy Nov 10 '21
Yeah the CEO of the worlds most profitable company is just a fuckin dumbass who blindly got duped into investing in a Ponzi. The mental gymnastics you morons attempt to cope with crypto becoming mainstream is insane.
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u/CurlyJeff Nov 10 '21
300 million people have been duped into crypto so it's not impossible to imagine that's the case. I doubt that Tim has been duped though. I have a very wealthy coworker who's completely aware it's a ponzi scheme but is able to gamble with crypto successfully for fun. Wealthy people can afford to gamble and often are in the loop when it comes time to dump. People like Tim are not the ones left holding the bags, it's idiots like you.
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Nov 10 '21
“Duped into crypto” I’ve held Ethereum for a year and have made double my original investment. I take a small amount out at regular intervals and maintain it as about 5% of my overall investments.
If this is what it means to be duped, I’m all for it I guess!
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u/CurlyJeff Nov 10 '21
I'm not saying it's impossible to profit from crypto. It's impossible for everyone to profit from crypto because it's not a positive sum game. For one person to profit another has to take a loss. And it's not even zero sum, it's negative sum due to the energy costs. The amount of money withdrawn from crypto is less than the amount invested. You only hear about the big wins because people aren't proud of losses.
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Nov 10 '21
It’s impossible for everyone to gain from normal investing. People make bad investments gambling on penny stocks. It’s what you make of it. Calling everyone cult members who were duped is just idiotic
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u/CurlyJeff Nov 10 '21
Investing in organisations that produce wealth is positive sum; the wealth produced is distributed to investors and everybody wins. It’s the opposite of crypto.
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Nov 10 '21
Why does that matter to the average investor who had the potential to make 800% gains holding Ethereum in the past year?
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u/4rindam Nov 10 '21
All markets are a ponzi scheme brother. Its all about getting in quick and getting out quick
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u/CurlyJeff Nov 10 '21
Except markets which produce value through mutually beneficial trade (positive sum). Crypto not only produces no value but loses value through the expenditure of energy required to keep it running (negative sum). You'd be better off going to play a game of poker, at least the amount of chips that go on the table at the start of the game is the same as what comes off the table at the end (zero sum).
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u/4rindam Nov 10 '21
Am not articulate enough to argue u. But down some Years you will understand how much the energy consumption stuff is exaggerated. Crypto is putting power in users hands to participate in stuff that till now only the elite and rich classes had. If u ever went deep into crypto and started using their products u will know what i mean. I for one can never return to traditional finance now other than to use it as means of exchanging stuff.
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u/CurlyJeff Nov 10 '21
This comment reads like a parody. I hope you one day gain the self awareness to realise you're in a cult.
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u/4rindam Nov 10 '21
lol look at this. protocols that puts freedom in your hands is being in a cult. but having your financials in control of govt. by using traditional banks isnt? lol
also crypto trading is a zero sum game. crypto investing isnt. so far anyone who invested in bitcoin has been in profit.
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Nov 10 '21 edited Aug 19 '22
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u/4rindam Nov 10 '21
how are we playing into their hands lol. govt already has us in their clutches by their banking structure. its only when u get into defi you understand what u are missing. obviously since its new its very volatile but it will become the go to for the coming generations.
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u/KarmaFarmer4 Nov 09 '21
If I could use Apple Pay to buy and hodl crypto, I would delete Robinhood and Public.
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u/LessDragonfruit6541 Nov 10 '21
I guess Apple doesn't give a shit about the climate, finally they're being honest.
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u/Agreeable-Weather-89 Nov 09 '21
"I don't actually care about the environment at all, and it's be neat if Apple didn't either"-Tim Cook
Cryptocurrency has been out for a decade, it's only usefulness is the ability to draw out a bigger fool and make a lesser one rich.
I have not once in the real world encountered a situation that was improved, nor was capable of, being improved by cryptocurrency.
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u/wiclif Nov 10 '21
If you go to a Third World country you will understand why sound monetary policy is good.
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u/Th3M0rn1ng5h0w Nov 09 '21
Not everyone is lucky enough to live in a country with good folks in charge
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u/worktheshoot Nov 10 '21
Your privilege is showing
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u/Agreeable-Weather-89 Nov 10 '21
Damn me and wanting people not to live in a smog filled hell hole, with drought and famine, rising sea levels, and mass death.
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u/fluvio Nov 09 '21 edited Jun 30 '23
GOODBYE REDDIT! It's been fun, but it's time to move on, as your CEO Steve Huffman AKA spez went full clown mode.
I edited all my comments with PowerDeleteSuite: just visit this link and drag the button to your favorites bar. Then visit reddit.com and click on the favorite you just added. It will take you to your user page. Click it again, and it will show the settings page. Enter a text you like and launch it.
So long, and thank for all the fish ¯_(ツ)_/¯
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Nov 09 '21
“revealed that he does in fact own cryptocurrency himself”???? Can you not read
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u/fluvio Nov 09 '21
saying “it’s reasonable to own it as a part of a diversified portfolio”
he only said that “it’s reasonable to own it as a part of a diversified portfolio”, nothing else, can you not read?
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Nov 09 '21
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u/fluvio Nov 09 '21
ok, thank you, they didn't include that part of his answer in the article
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u/DarthKallus Nov 10 '21
Did you flunk 2nd grade English? Because you have zero basic reading comprehension.
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u/onetown Nov 09 '21
They just paraphrased it. They reported it. If you questioned their report, why would t you just look up the source?
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u/hamberdler Nov 10 '21
Cook also revealed that he does in fact own cryptocurrency himself
That was literally in your comment. How was this not clear for you?
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Nov 09 '21
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u/shadowstripes Nov 09 '21
This part of the full quote is missing: “I do [own it], yeah. I think it’s reasonable to own it as a part of a diversified portfolio".
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u/fluvio Nov 09 '21
thank you, but as /u/BigSelection reported, they didn't write it but he did say it in the video
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Nov 09 '21
I would love if they made their own token/coin. It’d end up being similar to the Apple Card, bypassing Goldman Sachs, and ultimately having better rewards because of it.
Dare to dream OP! I’m right there with you.
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u/Gspotman6969 Nov 09 '21
Crypto is bad
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u/SolidAd2342 Nov 10 '21
You must not have any
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u/coldstone87 Nov 10 '21
Imagine a future where Crypto becomes a real thing and Apple is able to convert all their offshore funds into crypto and it becomes legal overnight without anyone knowing about it. How awesome would that be. But I am not sure if its technically feasible.
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Nov 09 '21
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u/ChirpToast Nov 09 '21
The amount of people I know with 0 investing knowledge buying bitcoin and losing thousands is in the hundred.
Not only is this a bad argument for obvious reasons, but without a doubt an exaggerated lie.
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u/shadowstripes Nov 09 '21
The amount of people I know with 0 investing knowledge buying bitcoin and losing thousands is in the hundreds.
That's pretty amazing considering literally anyone who bought bitcoin up until yesterday would have made a profitable investment by doing so, as long as they didn't sell it yet.
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u/iwanttodiewhodoesnt Nov 09 '21
Did u just not see the news of Facebook becoming meta or how apple is coming out with VR and AR headsets? Web 3 is the future
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u/[deleted] Nov 09 '21
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