Google possesses threat to bitcoin. What do you say? - page 3.

Kemarit

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

I think you just exaggerate things, if there is risk with quantum computing, then bitcoin or blockchain technology will adapt, simply as that. Of course bitcoin is a speculative asset that's why the price is affected by any news, be it positive or negative. Good if Google attracts millions of investors but it doesn't mean that it will make it harder for bitcoin or the rest of crypto in general to grow. Investors like to diversify, so you could see them going to precious metals or stocks or even crypto, nothing to worry about at this point.

youdacapt

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Quantum computers will continue to be identified in the subject of confidentiality, Google will not be too open to it, so far there are only rumors and speculative things about crypto. Google will continue to prioritize business functions and be very careful about the implications of the data. With an accommodating attitude in general is actually very beneficial for both parties, unless Google has other plans related to the government's agenda in determining their position in the market to come.

TheUltraElite

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Quote from: bitvalak on November 18, 2019, 01:25:58 AM

Both Google and Cryptocurrency are based on a very large community.
I think the big movement by the community can change the situation, and I'm sure cryptocurrency has many big investors who realize this.

Fellow bitcointalk member, What have you been drinking all this while? You want a multi national company who has almost every users data in their store to start using their bitcoin transactions to keep track of them and their businesses? You cannot escape from their surveillance but at least you should try to avoid them as much as you can.

Its not paranoia, but only those who are not accepting the idea of decentralization would think google should start using their services to crack blockchain using quantum computing. It wont happen anytime soon since its more a speculation than any true results. Whether it was anything to begin with is still a question.

bitvalak

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

Both Google and Cryptocurrency are based on a very large community.
I think the big movement by the community can change the situation, and I'm sure cryptocurrency has many big investors who realize this.

Reatim

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

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What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

lol how will google attracts more investors when bitcoin has already established Billions of $ inside for 10 years/and still counting upto now?

Quote from: Realroy on November 17, 2019, 11:14:18 PM

i can't understand the logic behind this, google and bitcoin have different functions and they are very different from the core from one another.

same thinking here,but for the benefit of the doubt then its the question to be answered,and bitcoin will surely wins in this battle.

Murat

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That's really alarming news regarding this issue, Day by day Cryptocurrency is getting in pressure. since the price is getting more volatile so this platform is also getting more volatile because people are not depending on this situation, not only that but also this system is getting more vulnerable in terms of security, In recent time, a huge hacking happened here and a lot of cryptocurrencies has been stolen so people are becoming scared of this cryptocurrency future, Most important thing is that. Cryptocurrency platform is losing the new investors in recent time, so this cryptocurrency platform should add some new thing which could attract the new investors for the future purpose.

Realroy

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i can't understand the logic behind this, google and bitcoin have different functions and they are very different from the core from one another.

CryptoBry

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like Amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems. What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

Then what that happens, Google has succeeded to minimize or maybe eliminate cryptocurrency. And when something is eliminated in the race that can mean that it must be weak or it has failed to capture the imagination and support of its intended market. Cryptocurrency is still relatively new and there will always be forces that will compete and destroy it if they can but IF an idea and technology is strong enough (and it must be) then it can be able to survive and flourish. Survival of the fittest is the game being played all the time. Cryptocurrency is no exemption.

Now, having said the above, I don't believe that Google's quantum computing technology can be able to destroy or decapitate Bitcoin and even if they do I don't think they will do it just for the sake of doing it. Having the said technology comes with great responsibility because an outfit who will not be careful with it can have legal repercussions to face. And Google is a corporation that is avoiding any possible skirmishes with the legal community and they don't want a backlash from the expanding cryptocurrency community as well.

Eugenar

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it is not quite applicable to compare google to cryptocurrency as the service that google provides people isn't the same as the financial support and service that crypto provides to people. It might impose a threat that's right, but we strong laws and regulation that restricts them to do execute certain commands that might affect cryptocurrency and the blockchain.

LbtalkL

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You worry too much, smart people can analyze which is better. Cryptocurrency with high security, privacy, anonymity, fast. etc. versus google which takes your data and other important information. For you which do you think? Anyways these are two different things you can't actually differentiate them they co-exist.

BitcoinsGreat

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Quote from: Velkro on November 17, 2019, 07:52:22 PM

Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry

Bitcoin is able to change if needed.
Best developers, highly motivated miners/devs/users. This trio team can do whatever is needed to resist quantum power.
I don't guess that, i know that.

Quantum theory is more sort of a Hoax and there is no threat the bitcoin blockchain because of this. Yes, it is a fact that computing powers will be increased over the years but they will have no effect on bitcoin. The question on bitcoin be able to change, if required is out of question as no one want the current status to be changed and it should not be changed.

Velkro

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry

Bitcoin is able to change if needed.
Best developers, highly motivated miners/devs/users. This trio team can do whatever is needed to resist quantum power.
I don't guess that, i know that.

blckhawk

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Though in my personal opinion, other than Bitcoin, altcoins really does not offer anything, except for those top altcoins, others are just shitcoins to me. So there's not really that great of a market to attract for them. Bitcoin on the other hand, has already proven itself and people quite know that they're different and maybe reconsider/learn Bitcoin as an alternative to these prevailing payment systems by centralized companies that collects your financial data and sell it to third party conpanies.

minersday

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

How exactly do you think google possesses the technology that might destroy bitcoin? You should understand that quantum computer do not really have any kinda supremacy over blockchain technology and cryptography. You should provide enough information regarding these wide assumptions that will help people understand why you think google possesses the threat to bitcoin. I don't really see any threat google has on Bitcoin..

maxreish

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Google vs bitcoin is two different things. How can be a google threat to bitcoin when it comes to the investors? Worrying too much bout these things is useless. Since google add up some services to improve their system and provide quality services, what makes it become threat to bitcoin?

Day by day new investors of btc are coming, it's because they can see bitcoin is the solution to the problem. Many companies now are trying to integrate blockchain technology in ther system, thus making it useful. I don't think investors will turn their back because of some fuds like this.

pixie85

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Is this a part of this "google is going to hack bitcoin using a supercomputer" FUD?

Maybe this is the reason for the current downtrend? People are scared of things that are so far in the future that you could as well be scared of an alien invasion.

I'm not worried about google collecting my search data and counting my mouse clicks. I'm not a person in their database but only a number. It doesn't concern me that they find out that this number likes to buy in this or that store and pay with crypto. If you're scared don't use any program because most of them including windows and your android phone collect and manage statistical data.

sunsilk

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

What if google attracts millions of new investors?

They will always attract investors because they have an established name so it's nothing going to be new if they would get millions of their investors, because their geographical boundary is large.

Quote from: malekbaba on November 17, 2019, 11:26:01 AM

what if crypto fails to attract investors?

Don't generalize it. Many altcoins will fail but there are few of them which you can name but the main star of cryptocurrencies which is bitcoin, looks very hard to fail within these days. Why worry about these if google will offer a different thing from what bitcoin features have?

alrose

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

I do not know how many investors google has but I know that investors are happy to invest in cryptocurrencies! So that think in a whole in this there is nothing terrible!

NeuroticFish

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered

Quantum computers are not as stable as the "commercials" show them. They are not really usable yet afaik. And if the manage to crack Bitcoin, (way too) many other things become unsafe. And however, Bitcoin has certain protection and I expect it be quite low in the list of quantum tasks. I expect, for example, a good weather forecast be much more higher in the list.

Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Crypto provides security, can secure privacy

Bitcoin is pseudo anonymous, one has to be very careful if he cares about his privacy. (On the other hand there are plenty of coins that do offer privacy by default.)

Quote from: malekbaba on November 17, 2019, 11:26:01 AM

What if google attracts millions of new investors?

Bitcoin is not just another thing to invest into. I expect more and more will understand that and choose Bitcoin.
Google, on the other hand, is just one successful company. People invest in companies before Bitcoin existence and will continue to do so. It doesn't really affect Bitcoin.

All in all, none of these "problems" are actual problems. Calm down Wink

chaoscoinz

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Quote from: malekbaba on November 17, 2019, 11:26:01 AM

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

I think people are getting a little too carried away with the phenomenon of quantum computing, it's like they've seen way too many science fiction movies Grin

. The quantum computers available today can only do certain types of calculations, and they do them exceptionally well, better than most supercomputers. Today's Q-bit quantum computing is in it's infancy, so there there are a few shortcomings like the DECOHERENCE problem. It is one of quantum computing major flaws at the moment. However, remaining optimistic, some time within the future the DECOHERENCE problem will definitely be solved, but most likely not any time soon.

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