Tech companies no longer "friends" | Bitcointalksearch.org

teosanru

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Quote from: paxmao on February 27, 2021, 06:14:01 PM

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

I don't think so. Atleast not through organic means. I think all these companies are definitely closely looking at this space and most probably will enter the space through an inorganic acquisition of some entity which already has some set of business. I say this because of the huge cash reserves lying with these companies because it's too early for them to go mainstream into blockchain when most countries Haven't even finalized on legalization moreover these company mostly form the centralized union of technology they won't really advocate a lot of decentralisation in technology.

Fatunad

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Quote from: TheGreatPython on March 20, 2021, 04:45:46 AM

Quote from: paxmao on February 27, 2021, 06:14:01 PM

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

The original Blockchain is decentralized, and if it’s all about decentralization, then there is no way that they can be competing with each, unless they are going to be creating their own Blockchain, that’s where the competition starts. Take for example: Facebook creates their own Blockchain for other companies to make use of and it becomes big, they might start playing the same game like Apple is doing now.

Or maybe Google and Microsoft creates their own Blockchains, it’s going to also be a competition just as their search engines are a competition between the two. That’s the only way I know they will compete when it comes to Blockchain.

Honestly, people does really have different approach when it comes to that word Blockchain without even thinking on what it is and once it had been mentioned out and then making out those non relevant sentiments
without being able to compare on whats the truth about the difference among those things.Competition would really be there and its up to those companies neither they would be accepting existing blockchain technology
or would simply create their own so that they would make some integration and would be totally independent and as mentioned where this could really be the start of the competition.
Blockchain is indeed decentralized or simply anything can be seen on a public ledger and that what makes great.

wxa7115

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Quote from: wxa7115 on March 15, 2021, 01:02:57 PM

I really think there is almost no chance of that ever happening, so far everything has been kind of calm as they just concentrated on eliminating and absorbing other companies while ignoring and cooperating with each other so they could get to this particular point in time.
But now they are realizing that if they want to keep growing they cannot hope to do it by more people adopting their platforms as most people are already there and the few that are not, like me, are not going to use them so they have no option but going at each other in order to grow.

In any case, even with such huge companies, the market will still have an impact and only the market should determine the fate of their initiatives in the field of cryptocurrencies. Another question is that these technology companies are so huge that it will not do without the intervention of regulatory authorities. The events that took place with Libra from Facebook clearly show this, and the tech giant had to make adjustments to its Napoleonic plans.

This is important, many people think the decentralization of bitcoin is something that is not really that important but all what happened with the cryptocurrency that Facebook wanted to create proves that decentralization is key, despite how powerful Facebook really is at the end of the day it is a centralized company that can be easily destroyed by governments if they go too far, with that currency Facebook was about to become a bank and a direct competitor for fiat currencies and governments were not about to let that happen.

So why I think all of those technological giants could create their own coins most likely those coins are not going to be able to be used outside of their environments making them useless as bitcoin can be used for everything and by everyone.

TheGreatPython

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Quote from: paxmao on February 27, 2021, 06:14:01 PM

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

The original Blockchain is decentralized, and if it’s all about decentralization, then there is no way that they can be competing with each, unless they are going to be creating their own Blockchain, that’s where the competition starts. Take for example: Facebook creates their own Blockchain for other companies to make use of and it becomes big, they might start playing the same game like Apple is doing now.

Or maybe Google and Microsoft creates their own Blockchains, it’s going to also be a competition just as their search engines are a competition between the two. That’s the only way I know they will compete when it comes to Blockchain.

gatti

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Quote from: wack slacker on March 18, 2021, 09:51:49 AM

Tech companies have saturated their businesses and are looking for both revenue and profit. It is very unlikely that they have made products with enough products for everyone and need to expand their business into other areas.
While tech companies are entering each other's businesses, crypto projects are actively working together to provide the best user experience. Let's look at cross-chain, Subchain, DEFI, Oracle, multi-coin wallet ... the projects are systematically supporting each other and creating a vast blockchain ecosystem.

This will not be the applicable to any progress.Even some coin is placed in a motive to reply the Ethereum. Uniswap is the project to a replace the Ethereum motive.It was a good initiatives. In future, if the most traders uses uniswap. The support is needed one in all new project.

We are living in the most surveilled era in human history. The amount of information which is captured, recorded and analysed about each of us on a daily basis surpasses even the wildest dreams of the Nazi Secret Police or the Soviet KGB.We are voluntarily turning ourselves into objects of constant surveillance, and we are doing it all for the sake of a little extra convenience.

MiningBattalion

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Quote from: wack slacker on March 18, 2021, 09:51:49 AM

Tech companies have saturated their businesses and are looking for both revenue and profit. It is very unlikely that they have made products with enough products for everyone and need to expand their business into other areas.
While tech companies are entering each other's businesses, crypto projects are actively working together to provide the best user experience. Let's look at cross-chain, Subchain, DEFI, Oracle, multi-coin wallet ... the projects are systematically supporting each other and creating a vast blockchain ecosystem.

We are living in the most surveilled era in human history. The amount of information which is captured, recorded and analysed about each of us on a daily basis surpasses even the wildest dreams of the Nazi Secret Police or the Soviet KGB.Instead, we are willing collaborators with a host of corporations and tech companies in constructing a society in which almost all of us are being watched, almost all of the time, not for political control but for private profit. We are voluntarily turning ourselves into objects of constant surveillance, and we are doing it all for the sake of a little extra convenience.

wack slacker

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Tech companies have saturated their businesses and are looking for both revenue and profit. It is very unlikely that they have made products with enough products for everyone and need to expand their business into other areas.
While tech companies are entering each other's businesses, crypto projects are actively working together to provide the best user experience. Let's look at cross-chain, Subchain, DEFI, Oracle, multi-coin wallet ... the projects are systematically supporting each other and creating a vast blockchain ecosystem.

bassbity

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Quote from: Quidat on March 04, 2021, 03:19:48 PM

Sooner or later they would really be possibly be on that way where these companies will really consider on competing in the blockchain world but lets not expect for those things for now
because they do all have the control on what they should gonna do since these are big companies where capable on doing things on what they do have in mind.When it comes to competition
they dont really care about friends or connections because this is a market on where only the fittest will survive and this is where changes and innovation would really be needed
no matter whey do came from and what form would it be.

That's right, because in the business world, anyone will become a competitor. this is knowing that Apple has already planned the implementation of the blockchain system, we just need to see how Google and Apple can compete in creating new innovations that will be offered to their respective loyal users. This year will be the year of war between using the blockchain system or not. the lag will be more obvious.

wxa7115

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Quote from: Mauser on March 12, 2021, 06:45:03 AM

Quote from: dothebeats on March 05, 2021, 06:48:17 PM

Knowing how strong their grip on consumer media is in general, it's no wonder that they will be pushing for stablecoins in order to further expand their reach and grip on the market that they are the leaders of. Facebook already started with Libra, and we're not far off from having Amazon and Google try out a similar thing knowing that their market and industry complements perfectly with stablecoins.

I agree, all of the big tech companies will try and push their own crypto coin into the market. I really hope that there is no market manipulation between them. If the would all work together on one coin it would be terrible. They have such a far reach and control the consumer on almost every aspect of life. The crypto community needs to fight back.

I really think there is almost no chance of that ever happening, so far everything has been kind of calm as they just concentrated on eliminating and absorbing other companies while ignoring and cooperating with each other so they could get to this particular point in time.

But now they are realizing that if they want to keep growing they cannot hope to do it by more people adopting their platforms as most people are already there and the few that are not, like me, are not going to use them so they have no option but going at each other in order to grow.

jrrsparkles

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Adopting blockchain in their payment modes or in the usage itself? But they already became the monopoly and they will never allow the new companies to grow or if they started to grow significantly then those big companies will purchase them for millions or even in billions like what happened with whatsapp. So don't expect the privacy anymore.

Mauser

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Quote from: dothebeats on March 05, 2021, 06:48:17 PM

Knowing how strong their grip on consumer media is in general, it's no wonder that they will be pushing for stablecoins in order to further expand their reach and grip on the market that they are the leaders of. Facebook already started with Libra, and we're not far off from having Amazon and Google try out a similar thing knowing that their market and industry complements perfectly with stablecoins.

I agree, all of the big tech companies will try and push their own crypto coin into the market. I really hope that there is no market manipulation between them. If the would all work together on one coin it would be terrible. They have such a far reach and control the consumer on almost every aspect of life. The crypto community needs to fight back.

wxa7115

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Quote from: zanezane on March 05, 2021, 09:14:39 PM

Quote from: dothebeats on March 05, 2021, 06:48:17 PM

Knowing how strong their grip on consumer media is in general, it's no wonder that they will be pushing for stablecoins in order to further expand their reach and grip on the market that they are the leaders of. Facebook already started with Libra, and we're not far off from having Amazon and Google try out a similar thing knowing that their market and industry complements perfectly with stablecoins.

If it works like any other cryptocurrencies then I wouldn't mind that they are going to create their own, I don't have anything to hide anyway and the only thing that these tech companies want is my data to bombard with ads. After all, tech companies are going to be the spear head in the advancement of human civilization, with how big they are now, I think we are going to live in a dystopian society where companies are the ones that really pulls the string.

I do not know, to me that seems a position that is too naive to take, to me what we're seeing is a Trojan horse, they are offering to you all of this software that slightly improves your life in exchange for something that is way more valuable which is your privacy and personal information about yourself, now you may think that is not valuable because no one wants to buy it but it is.

And we cannot allow these companies to keep getting their way without any opposition, it is said that information is power and this is even more true in the information age, if we don't do anything to stop them now them by the time people realize their mistake it could be too late.

shoreno

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Quote from: paxmao on February 27, 2021, 06:14:01 PM

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas

no not near but there are already there . the companies above are at the top and it is their right to make any changes and any charges to other company even if its their friend because a business is a business and this happens in our place too .

Quote from: paxmao on February 27, 2021, 06:14:01 PM

Google charging in in-app purchases to third parties.

google has its playstore and other services that they sell so why wont they ask for payments . theres no free anymore in this world .

Quote from: paxmao on February 27, 2021, 06:14:01 PM

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

havent heard that some of the companies above have their own coin except from facebook that has a libra coin but they may consider it soon if they want to compete with facebook and to the company that they hate

zanezane

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Quote from: dothebeats on March 05, 2021, 06:48:17 PM

Knowing how strong their grip on consumer media is in general, it's no wonder that they will be pushing for stablecoins in order to further expand their reach and grip on the market that they are the leaders of. Facebook already started with Libra, and we're not far off from having Amazon and Google try out a similar thing knowing that their market and industry complements perfectly with stablecoins.

If it works like any other cryptocurrencies then I wouldn't mind that they are going to create their own, I don't have anything to hide anyway and the only thing that these tech companies want is my data to bombard with ads. After all, tech companies are going to be the spear head in the advancement of human civilization, with how big they are now, I think we are going to live in a dystopian society where companies are the ones that really pulls the string.

bL4nkcode

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Netflix and Apple are not in monopolistic position, but the recent move of Apple is a really huge help for privacy of its users that could mean lose for facebook and google advertising policy.

If these companies will jump to blockchain tech that only mean a lot for bitcoin and for the tech, but they can't do anything regarding of being a monopoly in this industry. They could ask help to Binance as Binance is one of the leading company/project that aims to be.

dothebeats

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Knowing how strong their grip on consumer media is in general, it's no wonder that they will be pushing for stablecoins in order to further expand their reach and grip on the market that they are the leaders of. Facebook already started with Libra, and we're not far off from having Amazon and Google try out a similar thing knowing that their market and industry complements perfectly with stablecoins.

magneto

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Quote from: paxmao on February 27, 2021, 06:14:01 PM

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

Expect governments to fight back and reclaim some of the profits.

Australia has led the way in terms of having a media bargaining code to mandate FB and Google to pay for the content they host on their site. Other governments will follow suit most likely.

FAANG will fight back for sure, but at the end of the day they'll reach a state of compromise at the very least. Perfect competition is out of the question though, we are too deep into their monopolies for that to occur.

wxa7115

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Quote from: Ucy on March 02, 2021, 10:51:54 AM

Quote from: amishmanish on February 27, 2021, 11:42:03 PM

The article talks about making IDFA opt-in for users. So you can choose for an app to track you and your usage. The scourge of "personalized targeted advertisement" is doing a lot of damage to us as individuals and overall as society. Facebook and Google have become the main benefactors and perpetrators of this trend.

If Apple actually follows this in spirit, I may actually invest to buy an Apple phone rather than letting all of these companies turn us into entertained, consumerist zombies. While this has little relevance to blockchain, this must be made mandatory for all smart devices.

One of my main concerns with the typical Personalized Targeted Advertisement is how it can be abused by companies/people who wish to track & understand large numbers of people in detail without necessarily breaking the law.
I will probably allow things like that if they are decentralized, if nothing else apart from the owner knows/understands his own interest/activities, should be safe, not accessible to people without my permission, it should anonymity-friendly/privacy-friendly, etc....

This is the main problem with that data, it is bad enough that they track everything you do online to try to give you targeted advertisement, but the issue is that they can extrapolate a lot of things about you thanks to that.

There are some very impressive algorithms out there that allow companies to do that which is why Facebook and Google are always looking for more data to mine as the more data they have the more precise the predictions of their algorithms, I like the fact that Apple is now asking their customers and offering them the chance to opt-out of such an aggressive tracking.

Kittygalore

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Quote from: Twentyonepaylots on March 04, 2021, 05:13:36 PM

Since they are starting to hoard cryptocurrencies and bitcoins as their backup asset, I believe the war between these companies have already begun. Facebook is on the lead with them pioneering Libra, and if the timing is right, they can literally win this war on their own, since we all know here in the cryptocurrency industry, whoever goes in first wins.

The moment that they were built is the moment they become rivals in the industry, you will not survive the tech industry if you consider other companies as a friend just saying. If Libra can be successful in their launch then I can just safely assume that Facebook will be ahead of its competition.

amishmanish

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Quote from: paxmao on March 04, 2021, 02:53:09 PM

-snip--

There is no telling what percentage of those numbers are actually just bots and useless bought-and-sold accounts. There are already plenty of them and they will continue to increase.
With algorithms giving targeted advertisements and content to people, these social media companies are killing the very reason that they exist, as a platform for human interactions. They are becoming these soul-less stages with repetitive, addictive content that is a net negative in the lives of anyone who uses these platforms. As more and more people realize the harmful effects, their market will, hopefully, keep shrinking.
There are no easy solutions. What is clear is that these platform are doing a big disservice to humanity by zombifying our thought processes. If you are not inherently creative, it is really difficult to net get lost and waste hours of time and mind-share on watching all the stupidity circulating in the name of user generated content.

Topic: Tech companies no longer "friends" (Read 533 times)