Coinbase Onramp Now Supports Buying Crypto With Apple Pay

Somewhere there's a joke about using Apple Pay to buy tulip bulbs, but I'd rather not invite the ire of the masses who are no-doubt enjoying the latest "valuations".

Historians aren't going to be kind when they write about us.

Go ahead...let the 'thumbs down' begin...I promise not to be a jerk on the way down, I just ask people not to be a jerk on the way up. Enjoy the ride for what it is.

Apple is too slow jumping on the crypto and AI bandwagon, bunch of dinosaurs in charge

It's because it's gambling disguised as currency ;)

Apple is too slow jumping on the crypto and AI bandwagon, bunch of dinosaurs in charge

I think in 10 years time with hindsight we'll look back and consider Apple brilliant for sidestepping both overhyped disasters.

Ew, crypto

It’s good to learn more about crypto

Learning more about crypto is what led me to my negative comments on crypto. Don't equate negative comments with people who just haven't heard the Good News.

Crypto is not an investment. It is not mainstream, though proponents desperately want it to appear as though it is so they can encourage more dupes to buy in. The only source of value in crypto is other people's principal. There is no source of growth beyond the initial ante.

It is not an investment so much as it is a currency that can buy nothing but other currencies.

It is absolutely gambling. You are betting that you will be able to time the market better than other people. It is a slightly less than zero sum game-- any money made by one person is necessarily lost by another while everyone is constantly losing a little bit in maintenance fees to the miners recomputing the ledger.

It's not even a currency because very few places will accept it in exchange for 'real' goods and services.

When you use your dollars to buy UK Pounds, you are directly buying another currency that can be used to buy goods and services in that country (you are swapping one currency for another). When you buy Crypto, you are giving someone USD to transfer their already owned crypto to your wallet. The only thing you can do with that crypto is sell it in the future for hopefully more than you paid for it. As the crypto itself has no use, you are relying on your 'buyer' to believe the value of the coin will go up. As soon as that belief vanishes, people won't buy the coin at any price during the slow decline; because they know the price won't ever increase and any amount of money they pay for the coin will be lost.