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Topic: Google+Bitcoin vs. Facebook+FB Credits - page 2. (Read 5340 times)

sr. member
Activity: 326
Merit: 250
Atdhe Nuhiu
July 26, 2011, 10:55:03 PM
#14
you did  Smiley
but it can take time, there will be power against G and FB, so I can imagine BTC being blocked there for some time, especially when FB wants to establish FBcred

you can see it even now when Google was forced to establish chillingeffects.org that is censorship, but can be avoided with DMCA disclaimers and such shit

we all need strong G and FB even when they are not ideal, but they are not so strong yet
member
Activity: 95
Merit: 11
July 26, 2011, 10:44:25 PM
#13
couldn't a bitcoin e-wallet site build and app for fb and g+ that would allow people to easily send bitcoins through those communities?

(oops did i give that one away? Tongue )
sr. member
Activity: 326
Merit: 250
Atdhe Nuhiu
July 26, 2011, 10:37:30 PM
#12


If Google helps legitimize Bitcoin, FB credits will fail



Not necessarily. For sure there will me MORE currencies around in future.

Guys, you have to take it from economical standpoint.

1st theory is economical "zone" theory described by Hayek. Like 200 years ago many banks issued banknotes, it will be the same in our era. Google will issue currency, FB will issue currency. FB credits will be real and converible into BTC and USD.

2nd theory that should not be forget is related with "money supply" and it says that better money will push away worse money.
BTC=>{Gcoin, FBcredit, gold/commodity}=>Fiat money where => means is better or same depends on competition

States apparently can print money when politicians want.
Private money like Gcoin or FBcredit can be also printed but the company is trying to maximize profit and does not need to corrupt voters.
BTC is here the best since no one owns it.

BTC or some other currency easily can be reserve currency in future. But once things will settle down (in years or tens of years, after WWIII and revolutions), no one will be aware which currency he will use. State money will probably vanish. I can see that in 100 years some kind of Gcoin/FBcred can be here with higher probability than USD.
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
July 26, 2011, 08:40:49 PM
#11

If Google helps legitimize Bitcoin, FB credits will fail, and Google+ will be further strengthened against Facebook.

Is my Machiavellianesque thinking sound?

I've read the entire thread so far and do not buy the comments of the naysayers.

I think your idea is sound and brilliant.

And sadly, precisely why Google will not implement it.
member
Activity: 87
Merit: 10
July 26, 2011, 08:28:06 PM
#10
You guys are missing my point a bit Smiley

My question is, does it make logical sense for Google to adopt/advocate/support Bitcoin purely as a way to get a +1 on Facebook.  If Bitcoins become the standard money of the internet, and are usable everywhere except Facebook/Zynga, then Facebook's own currency will look pretty pathetic comparatively. It may mean they'd need to abandon the currency which they will be spending billions of dollars on developing.

So does it make strategic sense for Google to act toward that end?

In short, NO.  Google lives in the world of complex regulations and has to spend tons of money on lobbying to keep the feds off its back.  They will not be creating a currency.  If they can supplant Paypal like they set out to do they win.   
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
July 26, 2011, 07:27:37 PM
#9
You guys are missing my point a bit Smiley

My question is, does it make logical sense for Google to adopt/advocate/support Bitcoin purely as a way to get a +1 on Facebook.  If Bitcoins become the standard money of the internet, and are usable everywhere except Facebook/Zynga, then Facebook's own currency will look pretty pathetic comparatively. It may mean they'd need to abandon the currency which they will be spending billions of dollars on developing.

So does it make strategic sense for Google to act toward that end?
sr. member
Activity: 277
Merit: 250
July 26, 2011, 05:05:43 PM
#8
They are competing with paypal, and are already dipping their danks into NFC and mobile user to user payments. There is no need to make or back a new currency, if you can make the existing electronic and easy to use.
member
Activity: 118
Merit: 10
July 26, 2011, 04:49:26 PM
#7
What makes you guys think google will help promoting BitCoin instead of starting their own currency?

I'd say Google is definitely interested in bitcoins, but will probably not fully commit itself to it.

Financially, making their own currency (Gcoin) will make much more sense than supporting Bitcoins.
I'd settle for the ability to purchase a "Gcoin" with bitcoins.
member
Activity: 103
Merit: 10
July 26, 2011, 04:35:57 PM
#6
What makes you guys think google will help promoting BitCoin instead of starting their own currency?

I'd say Google is definitely interested in bitcoins, but will probably not fully commit itself to it.

Financially, making their own currency (Gcoin) will make much more sense than supporting Bitcoins.
legendary
Activity: 1092
Merit: 1001
July 26, 2011, 04:28:11 PM
#5
I actually hope google is a latecomer to the bitcoin ecosystem.
It's a giant squid of a thing with tentacles in too many pies.
It can afford to subsidize operations in one market with profits from another - destroying profitability for other innovators.


 
legendary
Activity: 1008
Merit: 1001
Let the chips fall where they may.
July 26, 2011, 04:16:58 PM
#4
The point you are missing is that Google is one big central authority. Google likes storing large amounts of information to see what they can datamine from it. There will be no way to have anonymous transactions if you are using Google Wallet.

As well. Google has been suspending accounts en-mass if the name does not look "real" enough.

Google Plus Deleting Accounts En Masse: No Clear Answers


There have been some reports that users have been locked out of all Google services
legendary
Activity: 1050
Merit: 1000
July 26, 2011, 03:44:01 PM
#3
FB credits are useless outside of FB realm
hero member
Activity: 896
Merit: 1000
Seal Cub Clubbing Club
July 26, 2011, 03:27:46 PM
#2
I'm rooting for Google+Bitcoin.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
July 26, 2011, 03:22:28 PM
#1
We're aware of a few things:
1) Facebook dominates the world and has created its own currency, mainly for use in wildly popular FB games from companies like Zynga.
2) Google is launching Google+, which is a direct competitor to Facebook. Google has its work cut out for it.
3) Google is engaged in the Google Wallet project, for fund transfer mechanisms... but Google is NOT creating its own currency.

Given these facts, if I were a decision maker at Google, I would at least consider the strategic decision to implement Bitcoin in Google+ and across the Google Wallet platforms. This would directly undermine FB credits, and if FB credits fails that is a HUGE win for Google. Consider that Google should already be observing how its relatively unrestricted Android community has amazingly caught up to Apple's iOS "walled garden" environment... the lesson applying perfectly to Bitcoin vs. FB credits.

If Google helps legitimize Bitcoin, FB credits will fail, and Google+ will be further strengthened against Facebook.

Is my Machiavellianesque thinking sound?


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