[dtube] Will Tech Giants (Google, Facebook etc) Create Their Own Cryptocurrencies?

therealwolf (75) · 7 years ago

I honestly believe that blockchain as a technology will be improved a lot over the next years and then find their place in every sector of our society.

And that of course - includes Google, Facebook, Amazon, Tesla etc. who will have their own public and private blockchains.

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3 votes

milano1113 (58) · 7 years ago

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.

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bearmaster (47) · 7 years ago

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.

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engchitchat (51) · 7 years ago

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.

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rothberg (58) · 7 years ago

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.

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tomilolafadipe (62) · 7 years ago (edited)

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.

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mistakili (69) · 7 years ago (edited)

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.

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markjackson1989 (53) · 7 years ago

great interview

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olumideolowoyeye (65) · 7 years ago

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

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donaldlove (48) · 7 years ago

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.

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wstanley226 (58) · 7 years ago

I think Google and Amazon will likely do this first. Amazon's patent to trace Bitcoin and their AWS will aid in this.

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adeboy1 (44) · 7 years ago

This is possible, there is post going viral on tweeter with hashtag #DeleteFacebook this is a enough for this social network to decentralized there network by introduced Airdrop which users can benefit.

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smithandy (42) · 7 years ago

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olvio (49) · 7 years ago

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markkujantunen (74) · 7 years ago

Proprietary cryptocurrency is an oxymoron. The crypto part of cryptocurrency exists because a decentralized consensus protocol relies on cryptography. There is no need for a consensus protocol in a proprietary currency, that is, a currency controlled by a single entity. Why would any of these giant corporations release their own currency when they can easily use any existing world currency acting as a middleman for their customers? Perhaps to ride the coattails of the crypto hype?

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skycornish (55) · 7 years ago

It's only a matter of time!

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magic8ball (47) · 7 years ago

To the question in your title, my Magic 8-Ball says:

Outlook not so good

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

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realestatecoach (54) · 7 years ago

Fascinating question. It may be apple just because the phone is a natural platform as a wallet.

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jp295m2 (36) · 7 years ago

So far why they don’t have one? Who knows there will be no coins but only the technology...

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damiondreemer (25) · 7 years ago

i think, its better to mine gridcoin...
there, most of your computing helps out develop new tecknolegies...
for more informations see:
https://www.grcpool.com

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muhasib (53) · 7 years ago

yeah they will definitely go for cryptocurrency, easy money transactions, the world is going digital now...

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farhad3322 (51) · 7 years ago

I think there is a problem with their head, they are great than making their own, a great exchange has a great opportunity to buy someone else's tokens or use the standard Bitcoin store for life, at any stage of these companies. Thinking about the future of payment will be citizens in exchange for steam

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rakibulislam55 (45) · 7 years ago

All these apps will be used well. If not, no one will be responsible for this app. According to my knowledge, we can use these apps like Google alibaba, etc.

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moon-girl (44) · 7 years ago

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.

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rhyscn (49) · 7 years ago

The problem for these companies are that people are moving to cryptocurrencies to escape the dominance of these big companies. They can create their own blockchains/cryptos but they are missing the point.

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tusharraina23 (48) · 7 years ago

Well blockchain is so amazing as it gives power to the people. There are so many projects going on.
What you are saying @louisthomas is correct and it is possible because there are some decentralized platform and search engines.
And blockchains can also be used to store data.

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originalathena (49) · 7 years ago

I can not wait to see the outcome of this! Thanks for the post 👍🏽

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