There is no way they’re sleeping on Crypto. You don’t make it to that level if you’re stupid. Sooner or later the market is going to force their hand.
Adapt or die.
Decentralized, cryptographic counterparts and competitors to each of these are already under development, and in many cases, in full beta. They have the market-share, mind-share, and resources to integrate and benefit massively. We can only speculate as to what they’re waiting for.
As if Jeff Bezos doesn’t know that Bitcart is a thing. As if Mark Zuckerberg has never heard of Steemit. Facebook is great, but doesn’t pay content creators, and has a reputation for censorship. Can FB afford to remain rigid and out of touch? AOL used to be the dominant player. So did Blockbuster, Kodak, and even Bitcoin. But while the Bitcoin developers squabble and bicker, their competitors work. While they debate, argue, and raise prices, their competitors take notes, and work.
Are there any players in the space that could benefit more from Ethereum than Alibaba, Amazon, and eBay? Is there any better way for them to expand their offerings and better serve their customers and users? For we, mere mortals, trading and speculating on price movement, the benefits and gains to be had are trivial. For major conglomerates and international operations, the intrinsic value cryptocurrency could add to their operations is difficult to quantify.
If Mark, Jeff, Jack, and Reed, would get in the game, they would likely be among the first trillionaires on record. But they seem content to ignore the 800 pound gorilla that is only getting closer and closer to blowing apart their entire business model.
Progress is not linear. It took cryptocurrency 8 years to hit a $100 billion market cap. It will not not take another 8 to hit $200 billion. For my money, I’m betting we will exceed $1 trillion before another 8 years has passed.
But who knows. Maybe I’m completely wrong about all of this...
I think Facebook has many many features, so that it is hard to actually replace them with Steem or other blockchain. Therefore, they can keep playing their game for a while, earning billions. If someday the business stops working, well... I don't think Zuckerberg and their friends will have a bad time anyway. So where's the big issue for them now? Anyway, they are curious people, so probably we'll hear from them soon...
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You're definitely right. I just see so much potential not being tapped. They have so much technological talent at their disposal, God only knows what they could do if they would just get on the bus...
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those talents can fly away very fast. Coinbase has just lost it's Director of engineering.
Charlie Lee shift
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I'm going to shift my focus to Litecoin now. T… twitter.com/i/web/status/8…
Disclaimer: I am just a bot trying to be helpful.
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My guess is: not much more than it is actually happening (which is a lot already) and it seems better for them not to contribute to the development of decentralized things.
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That's a good point.
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good question. I think Amazon is pretty fine, but FB should think a lot.
As of $1 trillion mcap, it could be question of months. The main obstacle has been passed already - premature volatile market. I think crypto market reached the point of stable liquidity and blockchain proved it's function. Today it's technology to get advanced - what we are waiting for.
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I'm interested to see how this goes. Since it's still in its infancy, companies like Ebay (paypal) pride themselves on protecting the consumer. If a currency is "anonymous" how would that work?
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That's a really good point. But when you are dealing with customer accounts that involve shipping addresses, ID verification, etc., the anonymity thing is addressed that way. Many of these currencies can be anonymous when dealing with individuals directly. But if transacting through sites and platforms like those I mentioned, you can still enforced KYC/AML standards, and use escrow style smart contracts to protect buyers and sellers.
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Good deal, I learned something. Thanks for the reply.
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They will probably be formulating strategies for keeping control, those that may know what they are aren't saying.
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I completely agree. They are definitely keeping their future plans under wraps. But the way I see it, is that history tends to favor innovation over dominance.
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Maybe, but with their resources and no doubt some excellent programmers they could be working on the next "faster/better" version. While slowly taking over the existing cryptos.
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And FB is one of, if not the biggest investor in virtual reality development. For all we know, they are building the actual Matrix haha
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Probably testing the beta version now
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I am also wondering what Google might be doing in relation to cryptocurrency and blockchains. Google thrives on user info acquired through free sites and apps. They wont let this fly away just like that.
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Google would absolutely crush it if they integrated auto-payments and routing via a blockchain ecosystem. But they have so much cash, networks of satellites, Sergey Brin just built a frickin' blimp for fun...
Any they have Android pay! Part of me suspects it is the large investment/commercial banks, which control massive portions of the common stock, and from that, voting power in corporate affairs. The banks are probably keeping them on a tight leash because they know if the likes of Google, FB, etc, get on the bandwagon, it's game over for the fiat cartel.
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Excellent point of view of the emerging cryptoeconomy movement @frenemies thar is disrupting/ will disrupt business models that dont adapt . Look for us at #guld we are game changers . Upvoted. Resteemed and Promoted.
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Thanks for the love my friend!
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