Bitcoin Forum

...what do you think,
can big companies like amazon, google, facebook, or apple kill ethereum?

Possible Reasons:

-much more money
-more business partners
-more employees

I do not think at all that these companies can defeat Ether, Financial experts say Ether will contribute significantly to the adoption of the global digital economy. Sure, many people can not invest in the project, Personally I have already invested in the currency amount for the most.

There is nothing impossible. If such will happen, it will not be an easy task, because ethereum has it is, is already established. All the coins listed are just upcoming, so they have a long way to go and a lot to do before they can surpass ethereum.

They can create their own tokens or altcoins but I don't think that it will be easy for them to defeat Ethereum if that's what you are thinking. Do you think that these companies will invest with big amount of money for the creation of their token?

Even facebook, it invested to their blockchain engineers and developers but as per news, there were companies that invested $10M to them. But killing ethereum, is that going to be their aim? I don't think so.

no one can confirm that.
but for my own opinion, i think it's impossible. i have seen many altcoins claiming to be able to kill ethereum but until now ethereum is still in its place and no one has replaced it or killed it.

They can't kill ETH, no centralized coin that will lead in the cryptocurrency that was intended for a decentralized system.
Big companies loves to hype therefore they can get more investors but along the way people will realize that this space for centralized coin and it would become better if the decentralize coin will lead.

Big companies can start business in crypto but people will not choose them over legit decentralized coins because this is ours, we are tired of being controlled by centralized company and also the transparency that we are looking is in the decentralized coin.

i think that is impossible, because so far there have been many altcoins who say that ethereum will be replaced and will even kill ethereum, but look at this time ethereum still survives in its place.

Bro, you should have known this. Etherum is like a big company, just like amazon, google, facebook etc.
It's just that, ethereum runs a little bit different then them. So what I'm trying to say here is,
companies have their own field to run and survive. And if Big companies like you said is trying to get into
Ethereum field, then maybe they won't be good enough to compete with ethereum.
Because Ethereum is like a big company in this field. So, it'll be really hard for them to compete with Ethereum

To kill may not be, but if we talk about competition, then yes and that will clearly happen. There are many elements incorporated in the ethereum ecosystem, various projects, developers, big communities. Do they want to see ethereum killed? I don't think so

if you ask the big company can kill ethereum, I don't think so, because ethereum is also a big company, but in the scope of cryptocurrency, if it's a big company like amazon, facebook, and apple, it goes into the cryptocurrency, I think it takes years to kill ethereum and it needs development seriously because ethereum is the number 2 the biggest coinmarketcap.

They are not in the same domain and can't be compared. Each of thoses companies have their own businesses.
Ethereum won't be killed and will stay in the crypto market. I don't know why you are making this comparison.
If Google and other big companies create their own cryptocurrencies, it doesn't mean that they are going to kill Ethereum.
And they surely will have big problems to resolve like Facebook with Libra coin. Which maybe will have to become a real bank to really be able to start distributing its coin.

no because ethereum will kill itself long before anybody else even bothers wanting to do something about it. a flawed protocol with lots of exploits, a gigantic blockchain that is 10 times bigger than bitcoin's blockchain, lack of scalability and high fees, a huge premine and ICO, lack of immutability ever since they rolled back a lot of transactions, centralization,... and a lot more are just a small number of issues that ethereum has. with its unlimited supply and the dumping that is happening in the long run it is doomed to die anyways. all you have to do is wait :D

that's indeed if the big companies have all of resources to create a domination or kill another medium or even small company but this is blockchain when anything becomes decentralized and unpredicted.
We must wait for the result of libra and then we can take that as example about how major company play in the crypto.

Kill ethereum? Ethereum has proved its dominance in encryption. It will not be killed. Ethereum has been running for several years, and it is mature in all aspects. Ethereum 2.0 is about to be upgraded, and its technology will be better upgraded. Compared with other big companies, it has a consensus mechanism. The future prospects are very broad.

And why should it be ethereum of all coins, when we have other blockchains like it?

If these mentioned companies in the op want a blockchain of their own, it will take more than just money to kill ethereum,remember eth has ironed out most of its flaws and isn't some experimental project...it's live and popular,they are starting from scratch.

What are you talking about. Ethereum and these big companies currently does not work in the same field at all. Libra is just a "virtual money" used internally in the Facebook ecosystem, and those companies haven't heard of any of their blockchain projects.

i don't think big companies would even attempt doing anything like that specially since there are quite a number of ethereum competitors that are currently growing and not to mention they are a lot better than ethereum as the smart contract platform to go to. so they wouldn't really be competing with it but with dozens of other better projects some of which are decentralized unlike ethereum that is centralized!

amazon, apple has no interest in dropping ethereum, I think what you are discussing is very unproductive.
and even though Facebook now has libra but it doesn't mean that ethereum can be defeated easily, even I'm pessimistic eth will always be the second on the marketcap

Of course not. these are completely different businesses but they are all about technology. ethereum is a platform development business, it's not the same industry as Google or Apple.
So no competition takes place here, every business has its own mission.

Kill Ethereum? Why do you think that these merchants will end ETH? What is the relation? Shouldn't it be better if they could work together? ETH and the merchants have different goals, they are merchants, companies that trade things, social media platforms, and others. Whereas Ethereum is a cryptocurrency.

These campaigns will not create any coin which will be a competitor for ETH. I think that these campaigns do not need a currency that will be associated with smart contracts

Of course, companies with such a huge capital as Amazon can kill ethereum if they want. They can also do the same with any other online , or offline business if they really want to, because big money always do what they want and companies of such a young market as the cryptocurrency market cannot resist them

I believe that they can hardly be competitors. The fact is that if even the services listed by you launch their own cryptocurrency, then it will only be used to pay for services and goods within these platforms. As for Etherium, it saboy represents the basis for the creation of both new cryptocurrencies, and new platforms, services and Dapps. Even on the basis of this information, we see different directions and applications. In any case, I believe that Etherium will retain leadership, and maybe even become more successful.

I do not understand how they can harm ethereum, rather they will use it and help its development

I am still confused about how big companies can turn off Ethereum. Indeed, they are a big company, but as the other members said above, Ethereum is a payment manner, not a company like them. So it would be better if they support each other and use ETH as one of the payment methods.

Aren't many of those companies building their tokens on the back of the Ethereum network? Seems Eth will be around for awhile.

of course not like that, because these companies have not all plunged into the world of cryptocurrency,Even if the companies start entering cryptocurrency funds, of course market competition will be quite fierce,

If they know they can actually take it then they might actually do something about it but at the same time why not take advantage of something that already exists if you want to use something in blockchain world instead of going out of your way and spending a ton of money and man hours to build something from zero if you are not going to take advantage of it.

Facebook for example is building libra because even if they do not take a single dime from the transaction fee's the best case they can do is sell your data to someone else according to what you spend the most of it on, if you buy milk then your info will be sent to milk companies, same with everything. That is why if you are going to utilize and make a decent return then yeah go ahead and do it but if not then they will probably not even try.

I do not think so. They might have the money, big partners and bigger employee. I do not that is the determining factor. How about "technical know-how", Empirical experience? it will not be that easily, if such will happen.

Ethereum has gained importance as the leading cryptocurrency next to bitcoin. There is nothing to worry about ethereum getting killed just because of the large companies getting into the payment process. Recently Apple has created its payment service render Apple pay. Those were centralized and ethereum is far beyond the same in terms of innovation. Maybe later years large scale companies will adopt the smart contract platform.

Why do you question that? Are you one of the culprit? Or do you want to build a new opinion to drop Ethereum?

I think Ethereum will survive well even though it will pop new coins managed by big companies like Facebook or Google.

Ethereum is widespread in every wallet. And it has been well tested that the ethereum platform is safer for storing ERC20 coins.

The ERC20 coin as a supporter of Ethereum is now very much. So my opinion is ethereum remains irreplaceable.

Logically: Bitcoin is the first coin to appear with the blockchain system, after that there are thousands of other coins. Has Bitcoin been defeated by thousands of new coins? certainly not.

It's possible for them to be an established currency in the market, but still I think people will not feel comfortable to use centralized currency. Have you seen the other post which talks about the Binance? Binance is trying to hold a big space on the market which most people will not like. The same will be with facebook or whatever.

I cannot seems to see any correlation between the two of them, Ethereum is a cryptocurrency and other ones you mentioned are not, and I have not heard that they ventured into cryptocurrency except Facebook, so in what way would the rest kill Ethereum. Even the proposed Facebook coin that may serve as utility tool will still need the support of Bitcoin and Ethereum for anyone to be able to buy the coin.

I think it is stated clearly in their whitepaper that they do not have the same system with bitcoin and Ethereum, and I am not sure it is Ethereum that should be threatened by their existence, but other existing stable coin and weak project in the market in which we all know that Ethereum does not belong to the group of weak coins, even if those other companies decides to join the crypto world, they may end up partnering with Ethereum.

You have a pretty solid point here.
OP can't compare the existence of ethereum vs. the other companies mentioned by him.
They are totally different in nature and their system has different usage.
Eth team I can say, has a solid foundation. They are catering a lot of businesses to make their operations easier.
However, a lot of them are abusing the eth network to gain money for themselves.
Those big companies need eth network within their system to make their operations productive and more economical.

Giants like google and amazon can make a lot of things, they have a lot of marketing power in the market but not in the cryptocurrency one, It is true they can make things happen but they cant just destroy geth, Ethereum has his own business partners to.

I think that they do not set such goals as to destroy the ether or bitcoin. In any case, this will have a positive impact on attracting new players to the world of cryptocurrencies.

Ethereum and the companies mentioned are not competitors in any way to each other. Though as at present these companies have 5x more value than ethereum itself and had not made known their intentions to come crypto public, they could be partner with some projects as the institutionalizing continues.

yeah there will no battle if all big company created their own cryptocurrency, just like libra
facebook will create libra, but a lot of polemic coming from the US government
and libra born as a stable coin, wich mean the value will always same my friend and for sure libra will not be an ethereum competitors

It's not. there will always be a competition between each other. US still in the process in mediation with libra and regulators are still hearing the reason of facebook created libra coin.
But libra will become the next competitor for all of the stable coin and we will see that a very strict competition between them all but it's not ethereum because libra is not a smartcontract platform dedicated.

first of all , etherium is a crypto and the names that you listed for comparison are companies in the real world  . its not apropriate to compare them to each other   . people can have a seperate investment , they can invest on big companies and they can also invest on cryptos like etherium   . they cant kill etherium because etherium is one of the useful coins on the crypto world so there will always be a demand for eth but they can kill other real world companies   . we can compare eth to other cryptos but eth will still be unkillable just like btc  .

They can make coins and I'm sure of that. Maybe my reason is the same as your reason, they are more money, good business partners and have a lot of employees. Maybe you have also heard information about a Facebook company plan that will launch a new coin.

I think this is not related. Ethereum is a platform with smart contracts that companies can use. While companies like Amazon are companies that are engaged in the real sector. When viewed from the market cap value, ethereum even exceeds the company's value of several companies. So I think, it can't be compared between ethereum and companies in the real sector

That’s only possible if they are willing to invest billions of money on their project, but I doubt to those companies that you’d mention. We already know the Facebook to launch their own coin, yet the capital is not that high like the marketcap of ETH. More money doens’t mean you can kill a good technology, you have to undergo to a long process.

Instead of being competitive and trying to destroy, those companies can use ethereum instead. I know it is not that common for us to have those big companies working with stuff that are not theirs and they tend to just buy out the whole company when they want the technology from someone, yet when it is crypto currency they can't just buy all of ethereum so it looks improbable for us that they would do something like that but that seems like easiest way.

Maybe they will see it as the easiest option and do it as well, google pay using ethereum blockchain? Why not. Amazon using ethereum or any blockchain technology to track their warehouses and products etc? Why not. There are so many ways these companies can use ethereum and blockchain that, instead of rivaling, maybe they will join in with the improvements?

I don't understand what you want to relay, will they create their own token and blockchain and compete with Ethereum, if they are not I don't see any comparison, in what reasons or area will these companies kill Ethereum, since it is a cryptocurrency, only a cryptocurrency can beat it.

I think ethereum will be on top soon, personally im looking forward to Eth 2.0 that has been announced to go live in january 2020 so if eth network is able to get rid of all its outstanding issues then surely 2020 is going to be huge for eth.

Ethereum is a project known only after bitcoin, even the potential of ethereum is greatly appreciated. Evidence is that many companies and partners are involved in supporting the ethereum project. I think ethereum will flourish and become the leading smart contract application platform in the world. So there won't be any big companies that can beat ethereum, maybe ethreum will be the blokchain giant of technology later.

developers should bear in mind that workable product is needed and all outstanding issues shall be addressed, that will increase price in long-term, near term volatility will always be on the markets

We are waiting for upgrade and even if there’s a new company to create coin they can’t beat the top position altcoins easily. Its cheap, but its technology is more than enough compare to any blockchain technology, smart contracts makes ETH ahead so nothing to worry.

If they develop similiar blockchain technology for Dapps, then it is possible.
But currently you are comparing apples and oranges. Ethereum is not even a company, it is a coin that supplies power for EVM project.

It seems that you have not fully grasped the fact about Decentralisation, these company cannot shut down what they cannot even see or touch ecayse it is owned and controlled by everyone together, unlike central institutions where you can simply drag them to court and shut them down, blockchain exists and the movement has begun.

No, these can't kill the cryptocurrency. 
Ethereum is a public blockchain while the  blockchains/blockchain of the big companies will likely be private blockchain.

Public blockchain (real blockchain) have unique features many people need.  Private blockchains do not provide this features..
So, people will always go for the public blockchain when they need the unique features.

I don't think so. At this time, Most companies are established in America are very difficult to join the blockchain. Because the government said that cryptocurrency contributed to promoting social evils such as: Money laundering, trafficking weapons, ... They are very difficult to control them.

Therefore, US companies must choose to cooperate with Ethereum or another blockchain network. This cannot kill Ethereum but it also indirectly helps them grow because currently most projects want to develop blockchain all use the Ethereum platform.

Hope this information can help you. Good luck!!

Ethereum Enterprise Alliance cooperates with many large companies such as Microsoft, MasterCard, Intel and many others, more here: https://entethalliance.org/
That means that they are not competitiors but collaborators trying to make a decentralized world better.

Anyone can compete to any coins especially those companies who are capable to fund their new project, if there's a threat to ETH then they should know that so they can think for more advance technology that can still keep them above all altcoins. I think if Facebook or any other companies fund more their project, they can enter in top position easily and if the service or token or coin is good, then we can expect to see a new coin on top.

I am not sure if the big company can defeat ethereum from ethereum fame, but from coinmarketcap it could be.
but we also have to see how usecase is from the project, is it good or not.
because we also know ethereum has very good quality, whether it's from usecase or the community.

you say the right thing.
i think nowadays everything depends on market interest.
if Facebook coins or other companies get a lot of funds and also lots of people are interested in buying them, i think it's legitimate they can change the position of ethereum but not to kill ethereum.
because ethereum is still the strongest altcoin.

yes they can, although many have used the ERC20 Ethereum platform on various applications or projects that are used by many companies, but in fact it does not pump ETH prices and trust significantly because many are misusing the DApp ERC20 as a way to raise fake project funds.
Large companies that already have public trust and more business partners have the opportunity to develop a ecosystem that is far from ETH Dapp.
if ETH does not improve or control their ecosystem, I am sure that a big companies can kill it.

I think some words are missing, what you mean is if these big companies will create their own token, if they will do that but the platform is not as competitive like what Ethereum has, I don't think it will succeed, in the first place only Facebook has give us the intention that they are going to create their own coin the others are not.

Of course not, because we already know that the second largest crypto market already has many partners because of the rapid development of erhereum in its emergence. new crypto money like FaceBook's libra certainly won't be able to kill ethereum because they lack cooperation in digital money.

Not only that. Even if you provide updates, it's got to be something the community finds useful in the first place. Even for bitcoin, with segwit, it took forever for services to upgrade and until today you still have some sites refusing to even do it despite the benefits. Bear season has very little to do with update related price in my opinion.

What’s the connection?is there really competition about companies and cryptocurrency ?can you elaborate more?ethereum is a platform that are being in the circulation couple years back and doing great specially for IcO project

While big companies has their own platform in real life business so I see no comparison to them both

so far what we can see of course cannot, because the popularity of ethereum is more considered, not only ETH, the king of Crypto is Bitcoin, none of them can kill Bitcoin. ETH has an active product, as well as many communities, it might happen and it feels business, but if you want to be killed I think it's impossible.

All of them had a different market and users, and I don't think these companies can beat or kill  Ethereum, what can kill Ethereum is the community that supports, but people are unanimous in supporting Ethereum just like they do on Bitcoin, as long as people are into Cryptocurrency Ethreum is unlikely to die.

When we discuss blockchain technology; it is not a child’s play
How can amazon google fb etc kill etherum without a blockchain

Existing blockchain such as eos xlm and nem and Neo find it difficult to defeat etherum.

Remember Etherum is the only blockchain that permits easy and convenient smart contract creation

wait,, wait
you pay your bills using ethereum ? what kind of bills mate ?
and yes, ethereum is the best cryptocurrencies after bitcoin and with full support from their community for sure even a big company create a cryptocurrency, they will not beat the ethereum as the best altcoins mate. I believe that

Did you mean that crypto needs those companies for a good market trade?and you are right. They'll could be a big help of the entire crypto not just of Ethereum alone. If these companies we're using blockchain technology, then they might be the solution we've looking for.

No, it will not defeat Ethereum, but it can even popularize it.

Libra has the potential to become the most used cryptocurrency in the world, and this will lead to the massive usage of crypto. Bitcoin exists without any censorship and in this has a significant difference from Libra. I assume that the use of Facebook Libra will lead to the massive adoption of cryptocurrency and thus will encourage new people to use Bitcoin.

Aside Facebook, I don’t think that there is any coin that can ever come up with any technology that can be as strong as ETHEREUM, as they say that experience is the best teacher, do you know how many years of experience that ETHEREUM has had in this field, and ever since they have been established, they have been doing their work very well, and know how to close their loop holes.

If you see that Ethereum often comes with an upgrade, they must have also been watching and spying on these projects to see any feature that they intend adding to their platform that might make them more effective, which Ethereum will definitely add as part of its upgrade, so I do not even see the popular Facebook able to play this game more than Ethereum. Ethereum will always be their king so as bitcoin will always be the king of all these coins.

The question kinda lacks many details. We know those are giant compared to ETH but for what reason, they need to kill Ethereum. At best I could think that they adopted Ethereum to use in their service.

it is completely unrelated to each other and there is no struggle for market share. ETH is a technology enterprise and only develops the blockchain platform.
Amazon, Facebook, Google belong to the commercial and social networks, it is not compatible with blockchain technology. You should distinguish this.

I do not think big companies like google, amazon, apple or facebook will ever kill ethereum. These companies are of different natures and cannot be compared with ethereum of different nature. But these companies rather support it if they accept Ethereum in payment. Ethereum has made its great impact in the market.

We know that Facebook will launch Libra and maybe it will be the strongest competitor for Ethereum, besides the positive thing for Libra is that it can adopt massive cryptocurrency and give birth to many new users in the cryptocurrency world

If we examine the possibility, indeed all companies such as Amazon, Google, Facebook, or Apple could have killed ethereum, but we also cannot see from the three reasons you mentioned, because of the large amount of money, and many business partners and employees many, sometimes also have not been able to compete in the crypto market, even though it already meets sufficient requirements to compete in the crypto market, but we also have to see that ethereum is also already large and trusted by everyone and investors in the crypto space, and I am sure that companies such as Amazon, Google, Facebook, or Apple enter crypto, they will clearly compete with Ethereum.

I think Ethereum cannot be eliminated by any company, because ETH already has strong roots in cryptocurrency, ETH is the platform most widely used by various cryptocurrency from 2015, I think ETH will remain strong, although many companies will become competitors.

I completely share your thought on that. Ethereum is also a big company or project on its own. I see a significant struggle by the ethereum developers to keep the project afloat which most definitely will yield. The project only needs time to scale to the expected height.

I believe ethereum has stood the test of time and that is a sign of the solidity of the project. Big companies like Facebook and amazon could set up their own projects and that would increase the competition in the market and I don't think it would be able to defeat ethereum.

Why does everyone want Ethereum to kill someone? And in general, why such a question arises? I believe that Ethereum is neither connected nor similar to companies such as Google, Facebook and others. We have already seen how the example of the appearance of information about Libra, which from Facebook, the powers that be, immediately took hostility. And do you think these companies will be able to kill Ethereum? Let them first enter the market, and then we'll see.

I personally see ethereum as a good project with a solid team, I know ethereum has a lot to offer and that explains why it holds the second largest chunk of the coin market cap. I agree with the fact that there's nothing impossible in the cryptocurrency market, but it would be very difficult for big companies to defeat ethereum. Ethereum in my opinion, is here to stay and is a good coin to hold.

And how would they if I may ask you, those companies that you mentioned are big in their own space, so as Ethereum too is big in his own space, do you know the worth of Ethereum also, the fact they have not declared it does not mean they are not big, so don’t just think that Ethereum not big also.

There is nobody that is going to kill anyone anywhere, we are just the ones that are over exaggerating all these things, the best they can also do is to partner with themselves, and if they don’t want to partner, then fine, they all have their fans, and don’t forget that it is people that will, determine this. No matter how low a project is, it will always have someone that will believe in it and hold on to it for long, tall more of Ethereum that has built a very great community already.