[dtube] Will Tech Giants (Google, Facebook etc) Create Their Own Cryptocurrencies?
Fat Crypto Whale says "Which coin will probably be the one to be adopted by big tech gians (Apple, Amazon, Alibaba, Google...) or will they create their own?
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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I pretty convinced there's no reason to think that a corporation such as Google... would buy or use someone else's tokens on an exchange rather than making their own. I think when it comes to payments or store of value bitcoin has the biggest chance to survive or being used but these companies at some point. Thinking about future of payments. I think if steemit grows at the rate it does, there will be so many people exchanging Steem which eventually could lead to actually doing a business between people on its platform. Imagine future of 1bil steemiens working together and exchanging Steem as an upvote for products or services. The same thing will happen with google and other companies. Competition will eventually force them to give people some kind of compensation whether it’s in form of coins or an upvote.
I already see facebook moving its threads to join blockchain and it will really be great for the amount of confidence it will give to the currency for new investors.
And you can also be that Kevin Weil, will leave the role of vice president of Instagram to join the blockchain team under the command of Marcus.
The only detail that is will want to be centralized in order to have better control and offer more security.
I think both. They will probably accept the popular coins whatever they might be, Bitcoin, Ethereum, etc. And they might also have their own coins which can only be used on their websites for payments and as a loyalty scheme.
Machine learning trading data as your friend said will definitely become the future. When it comes to cryptocurencies in companies like google, Apple... that’s just a matter of time when it happens. They also have far more resources available. It is possible they even can create better blockchains than the vast majority of cryptocurrencies out there. Competition is a huge factor for these companies and they will eventually have to start compensate people for their informations. Crypto and blockchain technology is in its first stage only. It’s inevitable when it becomes one of the every day’s payment options and it’s slowly happening already. There are many companies accepting bitcoin as a sort of payment.
It’s possible. There is actually already a decentralized search engine on the blockchain. It’s called BitClave and it compensates users for their data using their token (CAT).
Blockchain is very applicable to storing data, so it’s very likely that Google has at least given the idea some thought at this point.
If they ran on steem, that will be awesome, but i think they will want to create a crypto on top of a blockchain like EOS, or better still make theirs as it will enable them acquire more profit more than being on an existing crypto.
I think they will want to take opportunity of the early adoption and create their own
We have to consider the the kind of business model facebook and these other companies operate are centralised, therein lies their limitations to adopt cryptotech.
great interview
Decentralization is kinda complex but easy to understand, getting to understand this concept, then one can definitely make own coin. I think steem and I hope steem
They have all the resources to make their own crypto, would be a very nice deal in the market having all these giants trying to get in the top 10, would not be a bad idea.
I think Google and Amazon will likely do this first. Amazon's patent to trace Bitcoin and their AWS will aid in this.