Topic: Old Blockchain Vs new Blockchain ..... Bitcoin & Co Vs Amazon, Google, Facebook (Read 374 times)

There's actually some project that claims to be blockchain 1.0 2.0 and so on but I do agree that I think there's no such thing as new or old blockchain model since blockchain is blockchain as many of the wikis explains. However it seems that the blockchain community being invaded by such centralized exchange but centralized doesn't mean stable. Centralized just help in some aspect like regulation and some things but is not stable.

Three more days to the official release of the Globalcoin WP and the list of partnerships and agreements between giants is getting bigger and bigger; it would seem there are also agreements with Coinbase, EBay, Xapo, Vodafone, and many others.

I literally recently read news about this information and I think that this is only the beginning, there was more of your cryptocurrency not only on social networks, but also in everyday life of a person.  In the near future, Facebook is already announcing its cryptocurrency project, which is eagerly awaited.  Of course, few people say that even Google uses cryptocurrency to pay for a certain part of its employees.  It also speaks of a great future.

We mere mortals still know nothing about GlobalCoin and the Wp of Facebook, which will release it in 4 days (these are the latest news), but it seems that other big companies are already ready to enter the "global" project and invest $ 10 million .... it is obvious that they already know all the details of the offer that will be presented and $ 10 million are just pennies for them.

I'm talking about the giants of Visa, Mastercard, PayPal and Uber, which will probably use the future GlobalCoin to expand their services and offers, adapting to the new needs and demands of new markets and savers / investors.
https://cryptonomist.ch/en/2019/06/14/visa-mastercard-paypal-uber-facebook-cryptocurrency/
https://www.wsj.com/articles/facebooks-new-cryptocurrency-gets-big-backers-11560463312?mod=hp_lead_pos2

And it's just the beginning ....

Well, something can stop bitcoin, lack of use, another coin can take Bitcoin's place at any time, the only real reason bitcoin has survived this long and it's still number 1 it's because it was the first crypto and it's the most accepted crypto out there. You also have to buy bitcoin to buy other cryptos most of the time, ethereum is the only big competitor to bitcoin because it has a lot of pairs too but Bitcoin is still the one with the most pairings, specially fiat pairs.

there is no new or old blockchain model.  I think crypto systems are only centralized and decentralized.  BTC's popularity cannot be defeated by Facebook, Google, Amazon and others.  but each media can influence the BTC chart scheme.  I chose the decentralized system.  it gives me a big profit.  centralized is always stable.

I wouldn't exactly call it wild, its more like anarchism, or anarcho-capitalism where a community that invests in it (with mining gear) get to control it collectively, but decentralized.

This community more or less made Bitcoin incorporate segwit, among other subtle changes during its lifetime.

A large Chinese entity wanted (and tried) to steer Bitcoin to another direction, but failed, and like the rest, resorted to make yet another altcoin.

Corporate coins are not too different to government coins. They are all "control" freaks, and with it comes centralization and weakening of their own blockchains. So this facebook thing only millionaries can run nodes, that means there will be few of them.

I think there still will be a reason to bother. Not at first, but after another privacy scandal with big companies like Facebook. More and more people will start to care about their data and who they give it to when they hear more about how it's used for various manipulations. Moreover, Bitcoin is not going anywhere, and there will always be people who care about financial freedom. Sure, Bitcoin probably won't reach mass adoption in this scenario, but it will still work and be there for people who care about it. But generally, I think that even though the companies introducing centralized coins are big, their coins will be a failure.

I don't think it's a "us vs. them" type of battle.
Many bitcoin users actually want big corporations and banks to adopt bitcoin,in order to boost the btc price.
Perhaps it's all about cooperation a not competition or a battle for survival.

I agree 100% with you. We definitely might see pretty interesting times.

To be fair, Bitcoin is pretty unstable in it's current state to be used by really big companies in a really effective level. Which practically forces them to find another option but using the technology behind it.

Now, we need to stick here if that's what we want to do and support the currency until it grows and develop. Satoshi didn't work for the present at the time, he worked for the future. Kinda reminds me Tesla's way of doing things.

The best part of long term goals with technology and creating foundations for later improvements in the future is that the results will be always higher than just doing it for a current piece of hardware of software.

Well i think if this coins Facebook coin, Amazon coin will be "stable" or not they will not affect another crypto and bitcoin will be still used more and maybe even people who will use Facebook coins or another will start using also bitcoin.

Facebook Coin or GlobalCoin or AmazonCoin etc. they will never really be able to attack Bitcoin & C. because they will have a different system and "play" on different fields.

What is certain is that they will be successful, very successful, and will be increasingly widespread alongside "old traditional cryptocurrency".

Another certainty: there is no intention to replace and / or kill Bitcoin & C.; if there was this idea in the past, today this possibility no longer exists! Too many interests and too many big players have already taken the field, investing many billions of dollars.

When the first ETF is finally approved and / or when Bakkt starts, NOTHING can stop Bitcoin anymore!

And when GlobalCoin and AmazonCoin and AppleCoin prove their limits, Bitcoin will become even stronger and unstoppable.

WHAT YOU DON'T KILL YOU, FORTIFY YOU AND MAKE YOU STRONGER!

If you just don't care about decentralization you could just use visa and USD
No need for BTC to your needs

Visa is faster and cheaper than BTC most of the time.

Nice one.  It is refreshing to see people who share thesame blockchain belief showing up again like it was in the old.

The community is currently dominated by the ignorants, newbies and probably the wolves.
I wish crypto people could go through some short of indocrination courses on blockchain ethos. This will keep strengthening the community's way of life and help prevent the lost of its cherished values in the future.

It is actually. If the cryptocurrencies launched by Facebook or Google become really popular and achieve mainstream adoption, why on earth would anyone bother with something as volatile as Bitcoin?

PoW does help in a big way, but the truth is that BTC is centralized to an extent just like any other altcoin due to the manipulation techniques employed by whales.

Centralized blockchains are not necessarily a bad thing due to various reasons like enhanced security etc, but customers will have to sacrifice their identities to achieve this.

With considering it as such, what we should not forget is these different blockchain are going to serve different purposes and hence are less likely to interfere with each other.
Even if there is not Facebook coin, payment and transactions are happening in Facebook but it's not with Bitcoin.
Same are the case for other corporation. So, basically there is a huge market for everyone to exploit. The largest competition for bitcoin is just how to be able to reach more people without compromising it's quality.

It's true, the blockchain has nothing new, all the same since it was created, it's just that its development is getting faster.

And I do not agree that if crypto is created by Facebook, Google, eBay, it will not affect other crypto, in my opinion this will be very influential in terms of fundamentals where people of the world will open wide insights about the blockchain which will then impact crypto.
And yes no one knows between the coins whether to enter the stock exchange or not, it could be yes and no, let's see later.

Bitcoin is not competing with Facebook or Google blockchains.

Bitcoin is meant to be decentralized, wild, without any control or central authority.  PoW allow bitcoin to be resilient against any attempt to control it.

On the other hand those blockchains are supposed to be controlled and used by those companies interests.

You are right about the Blockchain speech: it is UNA, but my writing was more a metaphor, like saying blockchain 1 Vs blockchain 2.0
On the second part of what you say how can you be so sure? how can you be sure there will be no problems? that their coins will not be listed on any exchange? perhaps because the exchanges do not list toxic shit or centralized coins? I remind you that around a year ago around there was a certain coin named Bitconnect, listed on several exchanges and entered the Top20.

What I'd like is to have a broader discussion of how the market will react, and so will we all, when it will be / will be invaded by these new pseudo-coins, which will have an immense potential audience and almost unlimited marketing resources on their side?

Well, this is it:
Yeah, the old oligarchs and monopolies can set up their own crypto and blockchain and yeah it can affect us in so many ways (as you said earlier, they have money and resources way more than us)...

But that's just one side you're considering, have you thought also about the good impact? For instance, a whole bunch of people have the assertion that anything crypto is bad, thanks to the media. But should in case the media themselves rewrite their messsges to them (that's when the oligarchs get in), that assertion will be averted abruptly and then this is it, they'll start considering what they heard before (particularly Bitcoin). You know one thing, these oligarchs won't get in for a mutual benefit sake. They always want what'll benefit them at the expense of users and so that'll open the eyes of the mainstream to weight two things: 1. Doing something you do everyday that earns you nothing or 2. Doing that same thing and earning!.... and then bam!! adoption sets in for the various DApps, which will further transcend to the Belief in Bitcoin and other major coins. And what'll even catalyst the adoption after the media proper writings will be that, the mainstream will know they lied to them- since Bitcoin and crypto isn't dead yet and won't ever!

That's how I see the scenario tho. Right now, our main problem is for the mainstream media to tell the mainstream the truth which if course they wouldn't until these "traditional oligarchs" get their skin in the game.