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Vitalik Buterin against Apple – Co-founder Steve Wozniak for Ethereum [ETH]

Ranjitha Shastry



Vitalik Buterin against Apple - Co-founder Steve Wozniak for Ethereum [ETH]
Source: Unsplash

There are a lot of applications that Apple rejects from publishing on their app store and its driving developers crazy every time. This is ultimately helping to drive to the Android platforms. Vitalik Buterin, co-founder of the Ethereum, posted yesterday on his Twitter page criticizing Apple for its “restrictive app store policies”.

Vitalik’s tweet suggests that there have been no complaints made from the developers despite the strict app store policies. Submissions for mobile apps for iOS are subject to approval by Apple’s App Review team. Some statements show that applications have been rejected based on the functionality of toolbars and vibration features.

Apple lately updated its developer guidelines to avoid cryptocurrency “mining” on iOS devices. The new rules restrict any apps that drain the battery, generate excessive heat, or put needless strain on device’s resources — all of which happens in cryptocurrency mining. Apple said on its website:

“Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.”

The irony is that Apple has specially mentioned guidelines to avoid cryptocurrency “mining” but Apple’s Co-founder has all delightful things to discuss about the crypto world. Steve Wozniak, recently at the NEX technology conference in New York said:

“Wozniak highlighted Ethereum as having the potential to outlive the hype because of its use case, and ability for programmers to build their own related projects. Bitcoin, which Wozniak has called digital gold, despite being down more than 50 percent this year, is still just amazing.”

JeremyBrace, a business owner and a Twitter user commented:

“Purpose is to secure the eco system and prevent bad actors. Also to enchance user experience. It’s also a private company. Users are free to leave the system whenever they want. With government regulations, it’s mandatory and difficult to change in most instances etc.”

To this Buterin replied:

“Installing a VPN in most countries that have national firewalls (or self-imposed ones, like sites blocking EU voluntarily due to (GDPR) continues to be not that difficult.”

DougPolkPoker, founder at CoinCentral commented:

“Because people love their iPhones.”

Dan Robinson, a Lawyer and a Twitter user commented:

“At least from a legal perspective, the main reason this isn’t considered an antitrust concern (but Microsoft’s platform was) is that the iPhone’s market share is technically not that high. I’m not sure if that’s the reason people complain less. But consumers really do have the ability to choose not to use the iPhone”

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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.


Ampleforth could help create next-gen synthetic commodities for portfolio diversification, claims Blockfyre report




Ampleforth could help create next gen synthetic commodities for diversification of portfolios claims new Blockfyre report
Source: Unsplash

Ampleforth was the first token to successfully complete an IEO on Bitfinex. This IEO caught the attention of a lot of users in the cryptospace, as the $5 million hard cap was sold out within the first 11 seconds. A new report by Blockfyre details how Ampleforth could pave the way for a new asset class for portfolio diversification in the future.

The report also highlighted a feature of Ampleforth that allows a flexible supply that adjusts to the market demand, while price simultaneously finds equilibrium. The token also aims to tackle the strong correlation that most cryptocurrencies share with Bitcoin.

Synthetic Commodity

Ampleforth project has the ability to create synthetic commodities that are disconnected when it comes to price fluctuations due to correlations, which is a common problem faced by both cryptocurrencies and traditional asset classes. Although Bitcoin was created to tackle problems that fiat currency inherently has, it still has some correlation issues.

In a world where traditional assets are widely affected by macroeconomic and global political scenarios, Ampleforth aims to create a new asset class, Synthetic Commodity, to tackle this problem.

The report stated,

“BTC as a synthetic commodity doesn’t show correlation to traditional markets such as stock stocks and bonds. Thus it reflects a potential good investment for portfolio diversification, in order to tackle macro-economic recession”

Although BTC is an uncorrelated asset, other cryptocurrencies are widely correlated to it. Ampleforth’s protocol introduces synthetic assets that “will always find a price-supply equilibrium by adjusting the price due to demand.” The report added,

“It needs to be emphasized, that these price-supply information will always be distributed amongst all token holders, so the supply of all token holders will decrease / increase. As a result, the overall cut of the total supply for each person will always remains the same.”

The report further said that if successful, Ampleforth will directly compete with Bitcoin’s $145 billion market cap and also against traditional asset market-based in fiat.

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