Blockchain wallet bitcoin software#
We broke up Standard Oil and Ma Bell for the reason that their interests conflicted with the public good so why is it so hard to consider that Apple isn't serving the US public? Or, for that matter, the international public?īlockchain was in the iTunes App Store for more than two years and had racked up some 120,000 downloads so obviously there was a huge interest in the software but Apple, with the flimsiest of rationales, apparently decided that something was wrong.
There comes a point where a company gets so big and so powerful in controlling its market that its actions have to be evaluated from the perspective of what serves the public good rather than what serves the interests of shareholders. Why does this matter? Because Apple is, without a shadow of a doubt, in a monopolistic position when it comes to iOS apps. Note that all major currencies are " fiat money" and Bitcoin, less a government's support, is no more or less "real" than the dollar or the pound.Īpple took this course of action because of what the company termed an "unresolved issue" which is much like saying "we're not going to tell you" and, interestingly, Blockchain was the last of the Bitcoin wallet apps to be summarily killed off by Apple. Apple's recent removal of the iOS app Blockchain, a digital wallet for the virtual currency Bitcoin, from the iTunes App Store raises some interesting questions.
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