Eric Schmidt talked about Bitcoin on MWC Keynote - page 3.

Ukigo

jr. member

Activity: 42

Merit: 1000

Quote

Of course we must trust you on that because ehi he would never lie uh? I wonder wich US LAW is being violated. Oh, no one?

1) Maybe he mean --> "the FUTURE laws that WILL be violated" ?

  2) Is this his REAL opinion ?Has he personal blog or something ?
   We need to trust ONLY reliable sources.
   Not the forged video made by mainstream media.
   This very easy may be special operation in the making.

memvola

hero member

Activity: 938

Merit: 1002

Quote from: mrb on February 29, 2012, 03:11:10 AM

Quote from: Steve on February 29, 2012, 02:12:30 AM

I don't think all of the video has been posted yet. But, I went searching for video on Schmidt and google bucks. He talked about Google Bucks at the 2011 MWC keynote as well. The segment is between 8:45 and 11:20 in the following video:
http://www.youtube.com/watch?v=EYxP5bLY5gI

This is the wrong video. It was uploaded in May 2011. The keynote happened in 2012.

Read the comment you've quoted.

Quote from: cypherdoc on February 28, 2012, 07:33:37 PM

of course Google couldn't create its own currency; it would be centralized and prone to gov't intervention.

"Google's own blockchain" is a topic that's been around since I first started using Bitcoin in 2010. My common answer is, it makes more sense for Google to wait and see, and adopt Bitcoin itself if and when it proves to be useful, rather than create a competitive product. This is what big companies do. It's good to know that the higher-ups of Google are keeping an eye on Bitcoin. That says to me, if Bitcoin overcomes some of the regulatory issues, it has a good chance of being adopted by Google.

mrb

legendary

Activity: 1512

Merit: 1027

Quote from: Steve on February 29, 2012, 02:12:30 AM

I don't think all of the video has been posted yet. But, I went searching for video on Schmidt and google bucks. He talked about Google Bucks at the 2011 MWC keynote as well. The segment is between 8:45 and 11:20 in the following video:
http://www.youtube.com/watch?v=EYxP5bLY5gI

~~This is the wrong video. It was uploaded in May 2011. The keynote happened in 2012.~~ Nevermind.

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

I'm not sure Eric even realizes what Bitcoin really is. Google isn't a big enough company to control the block chain. It would be susceptable to many types of attacks.

bb113

hero member

Activity: 728

Merit: 500

What does P2P mean if not decentralized?

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Quote from: Gabi on February 29, 2012, 02:21:35 AM

Quote

because these currencies are illegal in many countries.

Once more, just FUD

Nothing sure, just "in many countries", wich mean nothing. What countries? Syria? Lybia when there was gheddafi?

Quote

but had backed off over concerns it would violate US law.

Of course we must trust you on that because ehi he would never lie uh? I wonder wich US LAW is being violated. Oh, no one?

In the context of a large corporation, these statements may very well be true. Not to mention that Google also has large teams of lawyers available to them to look at this kind of stuff all the time.

In the context of something decentralized... well to put it simply, it's murky.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote

because these currencies are illegal in many countries.

Once more, just FUD

Nothing sure, just "in many countries", wich mean nothing. What countries? Syria? Lybia when there was gheddafi?

Quote

but had backed off over concerns it would violate US law.

Of course we must trust you on that because ehi he would never lie uh? I wonder wich US LAW is being violated. Oh, no one?

Steve

hero member

Activity: 868

Merit: 1007

I don't think all of the video has been posted yet. But, I went searching for video on Schmidt and google bucks. He talked about Google Bucks at the 2011 MWC keynote as well. The segment is between 8:45 and 11:20 in the following video:
http://www.youtube.com/watch?v=EYxP5bLY5gI

The interesting part about this segment is that he mentions "Larry and Sergey have periodically mentioned we should offer something called Google Bucks and I pointed out the regulation issues, etc…and, uh, probably not going to happen." Schmidt was also very quick to dispel any notion that they were interested in being a "bank." From his mannerisms, I'm guessing that they wish to avoid that topic not because they don't think they could be very good at banking, but quite the contrary…that they could be very good at banking.

I think Bitcoin is Google Bucks. And Larry and/or Sergey is Satoshi.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: proudhon on February 28, 2012, 07:54:27 PM

Free advice for Eric Schmidt:

1. Buy a bunch of bitcoins.
2. Integrate bitcoin into Google Wallet.
3. Go to sleep.
4. Wake up.
5. Eat breakfast.
6. Check the price of bitcoin on MtGox.
7. Profit.
8. See step 7.
9. See step 8.
10. See step 9.

the first major existing company to adopt Bitcoins will definitely make immense profits.

MemoryDealers

vip

Activity: 1052

Merit: 1155

Here is the video, but it is long.

Link removed.
(Sorry wrong year)

I'm not sure which section has the quote, but I am watching it now.

Steve

hero member

Activity: 868

Merit: 1007

Quote from: Serge on February 29, 2012, 12:15:50 AM

conspiracy theory idea: google created bitcoins and open sourced it after realizing they wouldn't pull it off as google bucks

I've mentioned a similar theory about amazon.com before. While unlikely, I don't think it's completely out of the realm of possibility.

I must say, I do like the fact that the chairman of a major corporation has just endorsed Bitcoin as a "great idea." Grin

Edit: In fact, if someone can get the exact quote, it should be put on the front page of bitcoin.org, weusecoins.com and lovebitcoins.org.

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Quote from: Serge on February 29, 2012, 12:15:50 AM

conspiracy theory idea: google created bitcoins and open sourced it after realizing they wouldn't pull it off as google bucks

Eric is Satoshi!

Serge

legendary

Activity: 1050

Merit: 1000

conspiracy theory idea: google created bitcoins and open sourced it after realizing they wouldn't pull it off as google bucks

proudhon

legendary

Activity: 2198

Merit: 1311

Free advice for Eric Schmidt:

1. Buy a bunch of bitcoins.
2. Integrate bitcoin into Google Wallet.
3. Go to sleep.
4. Wake up.
5. Eat breakfast.
6. Check the price of bitcoin on MtGox.
7. Profit.
8. See step 7.
9. See step 8.
10. See step 9.

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Is there video of this anywhere?

cypherdoc

legendary

Activity: 1764

Merit: 1002

of course Google couldn't create its own currency; it would be centralized and prone to gov't intervention.

Bitcoin is not.

its not illegal until there is some sort of ruling. and even then...

marketGuy

newbie

Activity: 26

Merit: 0

It seems that Eric Schmidt did just talk about P2P money on his MWC Keynote.

Quote

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.

http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

Quote

Also, Google at one point had considered a virtual currency akin to Bitcoin, named Google Bucks, but had backed off over concerns it would violate US law.

http://www.electronista.com/articles/12/02/28/google.chief.talks.phones.and.robots.at.mwc.2012/#ixzz1ninmGB00

Bad thing is, he thinks P2P money is illegal in US. On the other hand, i am not so sure if we ever want money in the hands of Google

Topic: Eric Schmidt talked about Bitcoin on MWC Keynote - page 3. (Read 6126 times)