My Take | Apple seeks a piece of the bitcoin frenzy

Apple wants a piece of the bitcoin frenzy, and the virtual currency community is angry.

I mean, how dare Apple jump on the bitcoin bandwagon created by the mysterious Satoshi Nakamoto.

The simple fact is the bitcoin community fears Apple will make it obsolete.

Honestly, Apple can pour money into projects and do them in a safer, bigger and better way.

Apple filed a patent in the United States in January for a digital wallet system that is a "method to send payment data through various air interfaces without compromising user data". This filing occurred days before it removed the last-remaining digital wallet application (that digitally sends payments instantly) without warning. This salvo is seen in the eyes of the company Blockchain, which made the app, as a "threat" to Apple's plans.

Let's compare: Apple, a multi-billion dollar tech giant, hugely successful at creating technology that works. It has an unblemished reputation and a strong track record and popularity. On the other hand, few trust bitcoin since in a short lifespan it has been tainted by multiple security breaches.