From Tyler Winklevoss's answer on the Product Hunt page for Gemini:
"Gemini is a New York state limited liability trust company, we did not apply for or have a BitLicense which is a much lower standard. As a limited liability trust company we are a fiduciary, which allows us to accept both individual and institutional customers under New York Banking Law (unlike the BitLicense, which does not convey such fiduciary powers). In short, we can work with both Main Street and Wall Street."
Yeah, another to way to put it is they aim for legitimacy so they can be the bitcoin counterparty of choice for Fortune 500s and wall street. And generally run things like any sane financial institution dealing with volatile securities.
Not running a bitcoin cafe out of customer funds...
> Yeah, another to way to put it is they aim for legitimacy so they can be the bitcoin counterparty of choice for Fortune 500s and wall street.
According to Coinbase, the total value of all Bitcoin is currently about $3.5 billion. This is a tiny, tiny market for "Fortune 500s and Wall Street" and is equivalent to the value of a single (smaller) mid-cap company. Even at its peak, the total value of all Bitcoin was only around $14 billion.
Daily Bitcoin transaction volume hasn't exceeded $100 million since July and has been as low as $33 million recently. For comparison, daily volume in the FX markets exceeds $5 trillion.
Blockchain technology might be important but Bitcoin itself is about as interesting as the Burmese kyat or Gambian dalasi.
If you take the view that Bitcoin is just the start and the popularity of the blockchain to secure financial transactions will grow and become mainstream over time then this has first mover advantage written all over it.
Perhaps 'early' mover advantage might be a better choice of words.
> Major financial institutions invest significantly in technology...
That they may be, but that's no guarantee of success or domination. That's the whole point of the risk of startup. Also the reason for the explosion of interest.
I'm not suggesting that Gemini will win, but they are in the space, at the beginning, unencumbered by old tech (as the larger institutions are) and are making overtures to the established order. We don't know where that will lead.
The most viable opportunity relates to the application of blockchain technology to existing markets that are already dominated by major financial institutions. There is no doubt room for new companies to become blockchain technology providers to these financial institutions, but if you look at the Winklevii's investments and ventures, they are predominantly "Bitcoin as a big asset class" as opposed to "pure blockchain technology."
That's not to say that some of the technology they develop can't be repurposed for resale to other institutions, but a lot of others are already playing in the blockchain technology space and they don't have the burdens of trying to create and manage exchanges, ETFs, etc. for an "asset class" that is miniscule and heading in the wrong direction.
Most of Google's stuff seems to come across the year, not waiting for I/O with updates to core apps like Maps, Mail happening almost every Wed. For example apps like Keep, Spotlight Stories, Inbox, etc. A lot of the APIs come packaged as Play Service updates.
I/O literally feels limited to underlying platform performance improvement announcements.
Side note: I talked to an Apple developer at WWDC and was told that HealthKit data never leaves the device (isn't synced with iCloud). Hence the lack of the iPad app. Given that, if the data is lost, its probably gone forever.
Apple backs up your Health data in iCloud, if you enable it.
"Your data in the Health app is encrypted with keys protected by your passcode, and never leaves your device unless you choose to back it up or grant access to a third-party app. When you do choose to back up your Health data through iCloud, it is encrypted both in transit and on our servers."
"...only in encrypted iTunes backups...", I think certain encrypted data is also stored in iCloud backups as you're required to authenticate the restore before it continues. An iCloud restore recently brought back all my email password settings etc, but an iTunes non-encrypted restore lost them.
Back when I did a lot more web stuff, soft launches were the default way we released features. But I wonder if soft launches are possible or even desirable in the mobile apps world where a lot of press is devoted to "new" (app store sections and even blogs with a recurring "new this week" sections).
You're right it's more difficult to pull off a soft launch on mobile if you're also aiming for a feature in the App Store (Apple seems to favor new-ness when selecting apps for features). I've heard of iOS apps launching into a subset of the regional app stores as a way to soft launch (ie. excluding the US store and thus preventing Apple from featuring there before the developer is ready).
StickNFind or Tile are designed to be sticked to moving objects in order to estimate their location from owner phone.
Estimote is designed to be sticked to fixed location. Think about it as a lighthouse that is broadcasting its presence and location, so smartphones and other smart devices could estimate their relative location and get the context.
So that implies that the app locating these fixed beacons needs some kind of data backchannel to understand what it's seeing? Unless you have a cached map of that particular store and it's beacons already in your device, right?
"Apple’s guidelines for iOS7 developers actually demand we avoid splash screens ‘or other startup experience.’"
This was an interesting line. I had a debate with my designer friend about this who pointed out that this wasn't new. Turns out, the line about no splash screens is part of the Human Interface Guidelines today. The splash screens seems to have been a community driven interface decision rather than an Apple one.
No, it does not take longer to process, in general. If there is a small, well-known set of icons (e.g. traffic signs), then yes, it's easier. Same is true for weather symbols - sun and clouds are well-known.
However, I find really amusing when I (as somebody who considers himself a really experienced user and gadget-fan) can't decide what the icons mean on my smartphone, then I start getting suspicious.
If you haven't seen something many times, then icons are harder to parse, simply because you don't know what they mean.
The filter one is an older convention, common in database applications. I guess it can work from a purely abstract perspective - something narrowing down, implying that you want to narrow down what's in front of you... but still, it is confusing to a new user. It feels like a search magnifying glass would convey the concept better, and simply bundle the filter UI into the search UI if an application offers both features.
Which shows you how terrible all of these absteActions are. Search is a magnifying glass? Would that instead be zoom? Oh wait that is already the case in all photo editing apps, except they usually add a plus or minus.
Convention is just an excuse for repeating bad behavior without question.