If google has its own crypto currency? - page 6.

20kevin20

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Quote from: pawanjain on February 16, 2020, 09:24:46 AM

There is no question that if Google launches it's own cryptocurrency then it's gonna be centralized.
Google has created so many products and services over the years and we can see that most of it's products needs Google's support to function properly.
So even if Google has it's own cryptocurrency, it will keep it Centralized in order to fetch more data from it's users and keep tracking them to the eternity.

The one who owns the right information will always stay ahead in the race. Google owns the right info and a pretty significant part of the services we're using are provided by them.

There's no point in creating a decentralized coin when you can create a centralized one and store even more information about your customers than ever before. This is how they've been feeding themselves for so long, they're just going to continue.

But a Google coin would probably be advertised as decentralized one way or another, creating a fake decentralization aura around it. Just like that Blockchain Messenger on Android made me believe for weeks, until I read more about it, that all messages are stored in the blockchain and it's fully decentralized..

pawanjain

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Quote from: 20kevin20 on February 14, 2020, 07:35:05 AM

In terms of market cap, daily transactions, usability etc it would beat Bitcoin easily.

However, privacy is the key point of the currency. If it's centralized and has privacy issues, Bitcoin can't be beaten. And I don't think a currency created by Google would offer us the same freedom Bitcoin offers. It's Google, after all. But the project might fail as well as Facebook's Libra did.

There is no question that if Google launches it's own cryptocurrency then it's gonna be centralized.
Google has created so many products and services over the years and we can see that most of it's products needs Google's support to function properly.
So even if Google has it's own cryptocurrency, it will keep it Centralized in order to fetch more data from it's users and keep tracking them to the eternity.

tranduong123

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Quote from: Muhammad ayyan on February 14, 2020, 06:59:35 AM

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

I don't think so, if google owns a cryptocurrency, it's certainly a centralized currency, and people won't like it. I think that is the common weakness of the giants in the world of cryptocurrencies.

Sendi blackspade team

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Quote from: Wintersoldier on February 16, 2020, 08:41:33 AM

Quote from: Muhammad ayyan on February 14, 2020, 06:59:35 AM

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

I think it is impossible for Google to beat bitcoin for being the number one cryptocurrency, even Google is all oger the internet because a lot of people will still be loyal in bitcoin and will continue to buy bitcoin more than other cryptocurrencies. Also, i don't think Google has an interest to create their cryptocurrency because they are not that infavor in crypto, that is why they delete crypto related videos in YouTube last month of January.

it would not be possible. maybe when google made their crypto, it was almost the same as the Libra coin plan from Facebook. they decided to make stable coins to protect their community.

Wintersoldier

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Quote from: Muhammad ayyan on February 14, 2020, 06:59:35 AM

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

I think it is impossible for Google to beat bitcoin for being the number one cryptocurrency, even Google is all oger the internet because a lot of people will still be loyal in bitcoin and will continue to buy bitcoin more than other cryptocurrencies. Also, i don't think Google has an interest to create their cryptocurrency because they are not that infavor in crypto, that is why they delete crypto related videos in YouTube last month of January.

Rodeo02

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Quote from: Bohxz M4p4gm4h4l25 on February 16, 2020, 05:28:48 AM

I think in terms of adoption, a lot of people will probably patronize google's created crypto if ever because of their great network and power. However, just like libra it will face again problems with the law that is why if ever they will create a crypto they will surely improve it first so that for the time it will lauch, it will surely be successful.

If facebook can Make thier own crypto currency i am sure more of the popular social media will follow and will also create thier own.
Since they can make a free money having its own crypto other than that it will be more easier to people to deposit / transfer money while using the platform for ads or any thing that can use to pay thier own crypto.

If google find out that crypto currency is big help for them they will make a move and will use this in thier platform since it is really usable compared to gplay credits that they have now.

smyslov

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Quote from: Muhammad ayyan on February 14, 2020, 06:59:35 AM

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

But I'm sure it's not going to be decentralized, it will be decentralized where can control everything, and of course, they will have to pass the regulation, because the SEC will make it hard for them to launch one because like Facebook, they are going to create free money and the regulators don't like that.

TastyChillySauce00

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Quote from: SlimShadyMmp on February 15, 2020, 07:41:23 PM

Good Example is Libra coin which as really all over the place and actually thinking maybe cryptocurrencies will gain more dominance but at the end of the day we are back to where we all started Libra pulled out I really doubt right any giant tech industry will have such ideas actualized for no

It caused by giant tech has a lot of resources. as far as i know, if facebook has already started a new project to replace libra but libra is still alive and that will come in the future without ETA. This has already announced before. It looks like giant tech started to consider crypto as a potential market too.

LbtalkL

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Why everyone thinks to beat bitcoin, this coin is probably much better, etc. why is that? Bitcoin is the king no one could beat that, Bitcoin is the first cryptocurrency ever created. It has community support and trusts no one could beat that. Technically maybe some altcoin could beat bitcoin in terms of speed, scalability but bitcoin has earned its name. If google will make its own currency maybe the effect is like Facebook libra but I guess it is still in a developing stage.

Bohxz M4p4gm4h4l25

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Quote from: Muhammad ayyan on February 14, 2020, 06:59:35 AM

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

I think in terms of adoption, a lot of people will probably patronize google's created crypto if ever because of their great network and power. However, just like libra it will face again problems with the law that is why if ever they will create a crypto they will surely improve it first so that for the time it will lauch, it will surely be successful.

forexandcryptoauditor

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Yes. It would beat Bitcoin but not for long term. Since Google has users all over the world and a dominant player of online marketing, it can influence its own crypto prices.
But there are two questions. Is Google having capability building cryptocurrency like Bitcoin? And if yes, will it launch it?

Utoy101

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I doubt if google will ever opt to create a cryptocurrency due to the volatility nataure of cryptocurrency. Like to certain extent, google already controls the internet what more could they want? A crypto downtrend causing their token to dump can do lots damage to the brand than what ever good might comes from owing a crypto coin. But if eventually they decided to own one, i doubt if there will be limits to the amount of money they can raise, let's say x1000 what telegram raised. It will instill trust in the crypto market and I'm sure it will easily bring a bull run around

SlimShadyMmp

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Good Example is Libra coin which as really all over the place and actually thinking maybe cryptocurrencies will gain more dominance but at the end of the day we are back to where we all started Libra pulled out I really doubt right any giant tech industry will have such ideas actualized for no

BitSat19

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There are something happen as its still not clear because few rumours they are going to work on their own cryptocurrency like Libra and few others believe google is working on blockchain and Ethereum for something different we have to wait for this because recently they stop working with metamask as this is cryptowallet and they are working on some app which will work as wallet as well in this all discussion we can say something new is happening in google.

TrevorS

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What you are talking about is perhaps not feasible. Why does Google need its own cryptocurrency, because they already have their own shares.
Cryptocurrency will only be speculatively used to change Google stock price quotes.
Why should a company risk its reputation and its line on the stock market by issuing a coin that will be subject to all the dynamic manipulations of the crypto market.

bitgolden

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Well, it all depends what they want to do with their coin if they ever create it. They are making literally billions of dollars in profit so it would be a bit weird for them to start accepting their own money, if everyone pays them google coin or something, where could they sell them? If they sell it to people who will in return pay them for their services, shouldn't they instead just do exactly that by removing the middle man by doing it literally directly?

So, it wouldn't really work for them for the sole reason that they are already good. Coin creation is usually for people who want money, the startups of the world who are too lazy to go out there and get financial support for angel investors, that is why google won't make any new coin for themselves. However they could potentially create a stablecoin if they want to, that might work.

nicster551

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I dont think so, facebook launches their own cryptocurrency and the impact was huge there are problems they are facing right now. But even though they will launch, they will never defeat bitcoin in terms of popularity of usage. Even if google created their own, they will not defeat bitcoin so easily. The one thing people wants with bitcoin that other cryptocurrency doesnt have is a real decentralized model. People already learn, they dont want a single entity to rule the world. And to take note that the transparency between transaction was there. And the most important thing is the fair distribution, other cryptocurrency always have a premine for the team.

kapalmabur

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Quote from: fortunecrypto on February 15, 2020, 09:16:10 AM

Quote from: Muhammad ayyan on February 14, 2020, 06:59:35 AM

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

We still have to see how Facebook coin performs in the market, because beFore Google launches it's own Cryptocurrency it will have to deal with regulation first and if they will be allow by SEC first before they can launch their own, they will also subjected to senate inquiry and have to convince these lawmakers to allow them to launch

But if they make the crypto currency a Rumor about Google that hates Bitcoin seems to be interesting and will be undisputed, it's interesting to follow if it's true. But they should also have a license as did Libra

flagpara

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Quote from: Muhammad ayyan on February 14, 2020, 06:59:35 AM

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

This kind of digital currency service and blockchain are quite different. Google has several service for payment system and this system isn't made for blockchain purpose. Google couldn't make it for their own country restricted. Popular website or something shouldn't interest on any blockchain but only can support it.

btcdie

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Quote from: Muhammad ayyan on February 14, 2020, 06:59:35 AM

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

IMO does not, because what I observed is that Google is very compliant with the regulations of a country in the world and also the Google company maintains user convenience with the foundation of a regulation. if indeed Google will make its own currency, it might make a centralized currency and of course it is no different from a central bank, paypal, or the like. it's true that google marketing it is very easy, because it's already known in all corners of the world and will there be support by people around the world?
I think "decentralization" will remain the strongest.

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