wikileaks: Google CEO shows interest to bitcoin

ChristianK

newbie

Activity: 37

Merit: 0

Quote

Open and transparent is what Google wants. This wouldn't be a problem if we didn't live in a world of corrupt authority, corrupt cops, frame jobs, set ups etc. Julian Assange being accused of rape and it's open so even if he's innocent his reputation is ruined?

Julian Assange's own story of what happened in those two night isn't open. There also various other information about the issue that isn't open.

Quote

Shhhhh... don't give them ideas! It is not just Google, even Facebook, Twitter and and all sorts of other sites could pull the rug under Bitcoin's feet if they decided to utilize their user base. The coins would def be different in terms of the technicalities, they certainly would not require mining. I think the only plus(for us) is that most big companies would probably be to stubborn and would make the coins centralized around there own branch of companies similar to how gift cards work.

Facebook actually has it's own coins. The same goes for Amazon.

Quote

If Google, Facebook, Twitter, and Yahoo all tried to start their own cryptos, they would all try to 51% attack each other. Nah, better they mine Bitcoins. If any of them tries to 51% attack Bitcoin, the others would defend Bitcoin to make sure they don't profit unfairly.

I don't think Google would design a crypto-currency in a way that it can be effectively 51% attacked.

If you are Google and actually can sign things with Google certificates, why rely only on proof-of-work for trust?

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: lettucebee on April 19, 2013, 09:46:13 AM

Schmidt: "If you have something that you don’t want anyone to know, maybe you shouldn’t be doing it in the first place."

and

“The only way to manage this is true transparency and no anonymity. In a world of asynchronous threats, it is too dangerous for there not to be some way to identify you. We need a [verified] name service for people. Governments will demand it.”

Open and transparent is what Google wants. This wouldn't be a problem if we didn't live in a world of corrupt authority, corrupt cops, frame jobs, set ups etc. Julian Assange being accused of rape and it's open so even if he's innocent his reputation is ruined?

Transparency helps and hurts depending on who is in law enforcement.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: Tomatocage on April 19, 2013, 01:25:49 PM

Quote from: cbeast on April 19, 2013, 01:20:49 PM

It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin.

Coblee (Google employee I think) already made Litecoin.

Well that settles it but Litecoin and any other coin isn't a rival to Bitcoin but an alternative. Competition is good. IE was a rival to Netscape, and Opera a rival to them both and Webkit a rival to them all etc.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: cypherdoc on April 19, 2013, 10:11:04 AM

Quote from: marcus_of_augustus on April 19, 2013, 06:17:32 AM

Sounds like they JA is tossing ideas around very similar to namecoin ... and something like Ricardian contracts (Open Transactions) for important censorship resistant documents.

I thought this bit was salient also and should be stashed in memory for later use

Quote

Eric Schmidt: The average person does not understand that RSA was broken into an awful lot of private keys involving commerce were taken.

... right here is all the reason you need to get into bitcoin.

talk to me about this more. RSA is still used by banks and other online stores so how could it be that porous?

RSA relies on hard large primes and factoring but over time computing power can break certain version of RSA which aren't hard enough. That being said PGP is safe and RSA is safe because if it's 4096bit it's not going to be cracked.

BTC Books

member

Activity: 84

Merit: 10

Quote from: Luckybit on April 19, 2013, 05:57:04 PM

Quote from: BTC Books on April 19, 2013, 09:09:54 AM

Schmidt is the guy who wants to make personal ownership of drones illegal.

Authoritarian from the word go.

Google + Bitcoin is not a good fit. Western Union makes sense - even Amazon. But not Google.

Why is personal ownership of drones good?

Wrong question.

Why is it bad?

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: BTC Books on April 19, 2013, 09:09:54 AM

Schmidt is the guy who wants to make personal ownership of drones illegal.

Authoritarian from the word go.

Google + Bitcoin is not a good fit. Western Union makes sense - even Amazon. But not Google.

Why is personal ownership of drones good?

nebulus

hero member

Activity: 490

Merit: 500

... it only gets better...

I bet they found out about bitcoin on Google... Hah...

uMMcQxCWELNzkt

sr. member

Activity: 406

Merit: 250

Quote from: phatsphere on April 19, 2013, 03:26:13 PM

my impression is, that all of those big players watch bitcoin closely. but all of them also know that it is foolish to move too soon and just wait and see. bitcoin is still too small for anything serious.

I guess, the thing is when Facebook was nothing serious people could have seriously competed, providing they had the foresight to do so. Now that Facebook are serious it is to late, even Google struggle to compete with Facebook in that social realm. The big companies do not necessarily need to compete under an existing brand, they could simply use existing infrastructure and create a new brand/company. If successful simply merge the companies into a "partnership".

phatsphere

hero member

Activity: 763

Merit: 500

my impression is, that all of those big players watch bitcoin closely. but all of them also know that it is foolish to move too soon and just wait and see. bitcoin is still too small for anything serious.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: uMMcQxCWELNzkt on April 19, 2013, 02:41:21 PM

Quote from: farlack on April 19, 2013, 01:27:20 PM

Quote from: cbeast on April 19, 2013, 01:20:49 PM

http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

Quote

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.

It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin.

If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house.

Quote from: farlack on April 19, 2013, 01:27:20 PM

Quote from: cbeast on April 19, 2013, 01:20:49 PM

http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

Quote

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.

It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin.

If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house.

Shhhhh... don't give them ideas! It is not just Google, even Facebook, Twitter and and all sorts of other sites could pull the rug under Bitcoin's feet if they decided to utilize their user base. The coins would def be different in terms of the technicalities, they certainly would not require mining. I think the only plus(for us) is that most big companies would probably be to stubborn and would make the coins centralized around there own branch of companies similar to how gift cards work. An advantage for "them" would be that the system would turn a few blind eyes when it comes to regulations, we all know the law loves to fall on side of the big guy.

If Google, Facebook, Twitter, and Yahoo all tried to start their own cryptos, they would all try to 51% attack each other. Nah, better they mine Bitcoins. If any of them tries to 51% attack Bitcoin, the others would defend Bitcoin to make sure they don't profit unfairly. They would each start their own Bitcoin mining pools for their customers. Competitive capitalism at its finest.

uMMcQxCWELNzkt

sr. member

Activity: 406

Merit: 250

Quote from: farlack on April 19, 2013, 01:27:20 PM

Quote from: cbeast on April 19, 2013, 01:20:49 PM

http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

Quote

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.

It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin.

If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house.

Quote from: farlack on April 19, 2013, 01:27:20 PM

Quote from: cbeast on April 19, 2013, 01:20:49 PM

http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

Quote

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.

It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin.

If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house.

Shhhhh... don't give them ideas! It is not just Google, even Facebook, Twitter and and all sorts of other sites could pull the rug under Bitcoin's feet if they decided to utilize their user base. The coins would def be different in terms of the technicalities, they certainly would not require mining. I think the only plus(for us) is that most big companies would probably be to stubborn and would make the coins centralized around there own branch of companies similar to how gift cards work. An advantage for "them" would be that the system would turn a few blind eyes when it comes to regulations, we all know the law loves to fall on side of the big guy.

farlack

legendary

Activity: 1310

Merit: 1000

Quote from: cbeast on April 19, 2013, 01:20:49 PM

http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

Quote

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.

It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin.

If google were ballsy enough to make a bitcoin mimic, that would be the end of bitcoin. Googles reach is far, bitcoins is small. Does anyone have an estimated on how many active bitcoiners there are? 1 million, 2 million? Google has an audience of what 1 billion, 2 billion? And they could easily incorporate into google checkout, with the funds to not have to stress if someone trades a $40,000,000 house.

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Quote from: cbeast on April 19, 2013, 01:20:49 PM

It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin.

Coblee (Google employee I think) already made Litecoin.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

Quote

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.

It's not illegal now. Let's see Google try to make a rival to Bitcoin, and then eventually end up mining Bitcoin.

farlack

legendary

Activity: 1310

Merit: 1000

I think google enjoys being a powerful company.

The thing about America, is if anyone threatens the USD, we invade. Google is a company, all they have to do is arrest, and seize.

It would be foolish if they made a g-coin.

FinShaggy

full member

Activity: 196

Merit: 100

Google/YouTube

This sounds awesome, I wouldn't mind getting paid by adsense in Bitcoin, no more waiting on Paychecks.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: marcus_of_augustus on April 19, 2013, 06:17:32 AM

Sounds like they JA is tossing ideas around very similar to namecoin ... and something like Ricardian contracts (Open Transactions) for important censorship resistant documents.

I thought this bit was salient also and should be stashed in memory for later use

Quote

Eric Schmidt: The average person does not understand that RSA was broken into an awful lot of private keys involving commerce were taken.

... right here is all the reason you need to get into bitcoin.

talk to me about this more. RSA is still used by banks and other online stores so how could it be that porous?

cypherdoc

legendary

Activity: 1764

Merit: 1002

i'm sure Mike Hearns introduced Bitcoin to Schmidt long ago.

dogie

legendary

Activity: 1666

Merit: 1185

dogiecoin.com

Quote from: BTC Books on April 19, 2013, 09:09:54 AM

Schmidt is the guy who wants to make personal ownership of drones illegal.

Authoritarian from the word go.

Google + Bitcoin is not a good fit. Western Union makes sense - even Amazon. But not Google.

Ex Googler: Things like this do interest Google, infact bitcoin is exactly up their street. Anything that uses technology for 'the greater good' is a primary target. They will have a small team watching and waiting.

jsmarclook

newbie

Activity: 19

Merit: 0

This is from 2011, not sure if they will do something in the near future because bitcoin future is getting more promising.

Topic: wikileaks: Google CEO shows interest to bitcoin (Read 3094 times)