After Galaxy S10, next is Samsung Coin?

StarofBTC

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Quote from: Ressurection on May 01, 2019, 03:00:59 AM

Well i knew this would definitely pop someday. Why create a new coin when we have cryptocurrencies already operating in the cryptospace. All these new coins reduces the market cap of existing coins such as Ethereum, Bitcoin, etc.

The whole idea is to run on a blockchain technology, whatever coin they will be operating will be a utility toke used internally and not external, so they may not serve the purpose for which Bitcoin and Ethereum were created, and even if they will not be used internally, their project and that of Bitcoin/eth is totally a different thing, and they cannot be building another man’s empire when they can easily focus on theirs, what is the need of selling shares to someone and giving them another companies collateral in return.

The only idea I do not support is company creating general payment token when we already have Bitcoin and Ethereum to serve the purpose.

Moore234

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Quote from: Adriano2010 on April 24, 2019, 12:14:16 PM

Maybe yes, but this will not guarantee that will be a successfull project and maybe they will use it internal and even if will put on sale maybe who own a Samsung phone will buy it.

I concur, i don't think it's a good idea for Samsung to havea private blockchain company, expect if the coin is mainly use for their own products. Which i think it can be successful but not guaranteed.

Ressurection

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Well i knew this would definitely pop someday. Why create a new coin when we have cryptocurrencies already operating in the cryptospace. All these new coins reduces the market cap of existing coins such as Ethereum, Bitcoin, etc.

Cosbycoin

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Quote from: anatolij.shishkin on April 27, 2019, 08:10:26 AM

After the failure of the last flagship smartphone, I do not think that they will be written off with cryptocurrency. You need a lot of money to develop. And when you constantly fail, then investors may have questions about cryptocurrency. Samsung now need to work on its reputation.

Microsoft accepting Bitcoin had ben a great news in the past few months and I think that if Samsung became part of the Blockchain family, it would really give a push to the trend because users all around the world would be able to pay in Bitcoin for their gadgets they buy. Samsug coin would be worth investing in as well. It would have great project since the company is full of wise monds.

mrdeposit

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Quote from: Bttzed03 on April 24, 2019, 11:03:16 AM

Coindesk published a REPORT that Samsung may soon issue their own token (Samsung Coin). It is still not confirmed yet but news like this are most welcome. Let's see how things unfold.

Quote

Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.

Indeed, such news should be seen as evidence that adoption is developing. So, bigger companies now want to continue with the right one. Lets wait, if there is a convenient coin, the positivity will continue.

nikola22

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Why not? Samsung is a big company and it can afford to create own coin that will be used in their smartphones or by Samsung Pay.

Xenrise

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I love Samsung phones and their technologies but I really don't like their idea of having a Samsung coin, for they will be the only benefitor of that. Why do they need to open a coin for themselves when they are already successful on their own business?

Mrsparks

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Quote from: Bttzed03 on April 24, 2019, 11:03:16 AM

Coindesk published a REPORT that Samsung may soon issue their own token (Samsung Coin). It is still not confirmed yet but news like this are most welcome. Let's see how things unfold.

Quote

Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.

I really fancy this news but I hope rather than designing their own blockchain infrastructure that they adopt blockchain framework that are already established in the market.. Ethereum, EOS, ADA I believe a good enough to provide the infrastructure for the Samsung coin..

sopanbmp

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Recently i'm heared so many times about Samsung coin, Facebook coin, etc. Untill now i'm still don't know exacly is that true or just an april fool. if that's were true news and confirmed by the company itself than it's a good news thought. i'm so glad to seeing those great company join into Cryptospace.

alonelyorange

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I know will be many companies want to accept bitcoin as their payment, after Galaxy S10 now samsung coin have release to public and accepted bitcoin or altcoin, just waiting what the next coins at the future working with companies.

FanEagle

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Quote from: nwosuchristabe2 on April 27, 2019, 01:26:01 AM

There are many rumours dominating the cryptocurrency space ranging from the Facebook coin, to the Samsung coin. Most of these information are not verified and are barely true.

I have seen lots of these news too a lot and I have not really seeing any of them planning on having their own utility token, although it will benefit them more if they really do since they already have a very strong users worldwide and also the fact they have a product that has been know already, so it would not be a difficult thing for them to succeed when they finally introduce it.

Since they have not full declared their intention to us directly and everything we have been seeing so far has been based on rumor, probably some other big companies would have grabbed this idea already and working on it, so it is not a bad thing if they come up with such rumor that will lead to others getting idea.

efxtrader

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Quote from: cryptowolfsu on April 28, 2019, 07:53:14 PM

It is important for mass adoption that big corporations are entering the crypto market.
After the Enji wallet integration in Galaxy 10 it is still not clear what will Samsung coin
be used for. Hopefully more information will be announced soon.

From what i am read, samsung coin will run in ethereum blockchain but still no updated about when launched. Its good for crypto market if samsung launch their own coin because its give more trust and confident from investor. Recently, facebook want to launch their own coin too and i think crypto already attract more big company to join in this industry

reality18

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It wouldn't be a surprise if Samsung launches its own cryptocurrency after it has expressed its interest in cryptocurrency through the integration of crypto wallet into its S10 phones. This could mean that Samsung is gradually creating awareness about the crypto world and its interest in it to its customers. The world will soon go cryptocurrency as these big companies and countries gradually join.

cryptowolfsu

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It is important for mass adoption that big corporations are entering the crypto market.
After the Enji wallet integration in Galaxy 10 it is still not clear what will Samsung coin
be used for. Hopefully more information will be announced soon.

Nivia1st

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I doubt there will be a Samsung coin. Samsung is a big company, and it's too risky if they want to make crypto. Crypto has high volatility, if the crypto market falls it will have a bad impact on Samsung shares. and I think they are aware of that.

they might only develop supporting infrastructure such as wallets and so on. because it can provide them with future benefits.

zarintasnim

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Its a very good news for crypto world. Samsung is a very big company and million of customer they deal everyday. If they issue their won coin to buy their product. It will be very good.

GregH37

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Quote from: JeffBrad12 on April 26, 2019, 07:57:18 AM

Quote from: shadowdio on April 26, 2019, 07:34:20 AM

really? are they serious to make their own coin? if that is true then it is an opportunity to us to make money, many will buy samsung coin.

It's just a rumour and please you can read it carefully. Samsung coin still on the debate by its internal. This is just a piece of news that was containing a lot of rumour. If they will try to make their own coin and they will create an official announcement about that and spread it.

Whether it is rumor or no rumor, at least you have also been able to confirm it in your own statement too that there is an internal debate over it, which means there is a plan for them to do so and just discussing on its success.

It is still a very good thing that majority of them are thinking towards the line of blockchain technology. Proposing it alone is a great step, if they now decide not to execute it yet, but at least they all have the mindset about blockchain technology and cryptocurrency. I am sure that the outcome of their internal debate will favor the establishment of the coin, so our fingers are crossed and waiting to see the outcome.

CoinEraser

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On the one hand it's good if companies like Samsung also jump the crypto train, but on the other hand not every company has to have its own coin? It would be better if big companies would use already existing blockchains instead of doing their own blockchain. But I do not want to complain. At least crypto finds more and more attention and this is the most important. Wink

carbal1987

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Quote from: starblocks on April 28, 2019, 12:00:48 AM

Facebook, JP Morgan, Telegram, and now Samsung and Nike? If major brands such as these are beginning to adopt these types of technologies and create trendy new use cases for them it won't be long before they hit the mainstream and become more widely used in everyday life which will be a big plus for the entire cryptocurrency industry

first of all all these potential coins such as Facebook, JP Morgan, Telegram,Samsung and Nike this is a big advertisement for the whole cryptocurrency

Samboo

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Is this news is real or just a way to sway the mind of the people? If it is true, the news will indeed make a good impression in the crypto market cryptocurrency is on the way of mass adoption. Lately, many organizations, authorities have shown interest in cryptocurrency. Among them is JP Morgan, Facebook, who are much into it by throwing their hand at them. This will make easier for cryptocurrency to be adopted widely. Is this news is real or just a way to sway the mind of the people? If it is true, the news will indeed make a good impression in the crypto market cryptocurrency is on the way of mass adoption. Lately, many organizations, authorities have shown interest in cryptocurrency. Among them is JP Morgan, Facebook, who are much into it by throwing their hand at them. This will make easier for cryptocurrency to be adopted widely.

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