Bitcoin Forum

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

I don't think that now it's reasonable to worry about stuff like Google. Big companies can fight against the market, but they cannot kill Bitcoin no matter what. They are not valuing privacy, probably doing lots of morally dubious things and people tend to care and learn about it more and more. Bitcoin can offer something they cannot. And it might not become something that replaces the most popular services, but it will always find people who believe in it. As for the price, it's natural that speculation is related to its changes. After all, people can read speculative articles and change their minds. However, as more time passes, Bitcoin is becoming more and more stable and FUD-resistant.

That's just another service from google. We've known their different services for years and 75% of their new services fails miserably and even if they succeed, they'll just tap one of the market crypto could have been used. I'd not still consider it to be a rival to crypto as a whole.

Does Google offer decentralized, censorship-resistant, deflationary currency? If no, then how can it be a threat to Bitcoin? People who value simplicity and convenience will stick to fiat methods, including google pay, but those who want to be in control of their own money will use Bitcoin, and no fiat payment method will make them change their decision. Decentralized altcoins are the only true competitors of Bitcoin, but they also have much smaller network security, questionable design choices and other problems.

@malekbaba I’m a seo professional and I’m telling you while people use google for searching information they’ll never trust it as a banking partner. The key reason why people won’t trust google bank is because everyone knows that google will harvest customers data, even if they have claimed they won’t use customers data. In the end people will need to remember that google will snoop on their data and make more money, while bitcoin won’t snoop or sell your data hence I’m sure people will choose bitcoins over google bank.

https://arstechnica.com/tech-policy/2019/11/google-will-offer-checking-accounts-says-it-wont-sell-the-data/

This project is called "Cache", its only a checking account and is planned to be launch by google next year. It only offers to help make money simple and accesible for their potential users, meaning customers will likely benefit by getting better access to payment technologies and give them the benefit of convenience. So of there would be someone who would likely to get threatened those are the third  party payment apps like paypal, apple pay, and VenMo because this ñroject only aims and offers a better cashless transactions, don't have any say about the decentralized feature and being censorship resistant that bitcoin totally has, so I don't think this would make investors abandon bitcoin.

Crypto concept is not that familiar to genaral people. Look at exchanges. Most of the big exchanges are centralized. We are trading decentralized assets within centralized platform. Leave the others, we are crypto lovers and still we prefer centralized exchanges. If google attracts investors, crypto may face delays in global adoption. Time is money.

Google not only possesses threat to bitcoin but to every company. Google fetches and stores different kinds of data from the customers through their vast amount of services.
All of this data is tells a lot about a person and hence companies are ever ready to purchase this information from Google since they can use it for whatever purpose they want.
So Google is not only a threat to bitcoin but in short to everybody.

Google pay along with Apple Pay and PayPal is still a third party. It’s not that different than a business or government cryptocurrency which is decentralized. It’s still inferior in many ways to a decentralized currency.

Google never fails do the growth of their business but I never see that is there any attack over the block chain businesses. We need to show the growth of btc.
Then this btc value grows means obviously we will see the support from all the sides. Even google may support us.

It was only the people who gave into stupid FUD that believed that bitcoin was going to get hacked or something like that - as it stands right now, and for a long time, there is no point to worry about it, I'd be more worrried about governments and shady secrets being leaked due to QC tech.

Google Pay is a payment method, I don't believe they have actual access to your bank records, they are only able to keep records of what you spend your money on, not how much you have.

It doesn't matter - you are talking about 2 different demographics.

I think the whole Quantum and the ability to break bitcoin chain was just an hoax. And has been blown out of proportion because I read a report that their effect will be minimal and if they attempt to work further, their whole will crash. After this claim, bitcoin went up.

I think people are getting a little too carried away with the phenomenon of quantum computing, it's like they've seen way too many science fiction movies  ;D. The quantum computers available today can only do certain types of calculations, and they do  them exceptionally well, better than most supercomputers. Today's Q-bit quantum computing is in it's infancy, so there there are a few shortcomings like the DECOHERENCE problem. It is one of quantum computing major flaws at the moment. However, remaining optimistic, some time within the future the DECOHERENCE problem will definitely be solved, but most likely not any time soon.

Quantum computers are not as stable as the "commercials" show them. They are not really usable yet afaik. And if the manage to crack Bitcoin, (way too) many other things become unsafe. And however, Bitcoin has certain protection and I expect it be quite low in the list of quantum tasks. I expect, for example, a good weather forecast be much more higher in the list.


Bitcoin is pseudo anonymous, one has to be very careful if he cares about his privacy. (On the other hand there are plenty of coins that do offer privacy by default.)


Bitcoin is not just another thing to invest into. I expect more and more will understand that and choose Bitcoin.
Google, on the other hand, is just one successful company. People invest in companies before Bitcoin existence and will continue to do so. It doesn't really affect Bitcoin.


All in all, none of these "problems" are actual problems. Calm down  ;)

I do not know how many investors google has but I know that investors are happy to invest in cryptocurrencies! So that think in a whole in this there is nothing terrible!

They will always attract investors because they have an established name so it's nothing going to be new if they would get millions of their investors, because their geographical boundary is large.

Don't generalize it. Many altcoins will fail but there are few of them which you can name but the main star of cryptocurrencies which is bitcoin, looks very hard to fail within these days. Why worry about these if google will offer a different thing from what bitcoin features have?

Is this a part of this "google is going to hack bitcoin using a supercomputer" FUD?

Maybe this is the reason for the current downtrend? People are scared of things that are so far in the future that you could as well be scared of an alien invasion.

I'm not worried about google collecting my search data and counting my mouse clicks. I'm not a person in their database but only a number. It doesn't concern me that they find out that this number likes to buy in this or that store and pay with crypto. If you're scared don't use any program because most of them including windows and your android phone collect and manage statistical data.

Google vs bitcoin is two different things. How can be a google threat to bitcoin when it comes to the investors? Worrying too much bout these things is useless. Since google add up some services to improve their system and provide quality services, what makes it become threat to bitcoin?

Day by day new investors of btc are coming, it's because they can see bitcoin is the solution to the problem. Many companies now are trying to integrate blockchain technology in ther system, thus making it useful. I don't think investors will turn their back because of some fuds like this.

How exactly do you think google possesses the technology that might destroy bitcoin? You should understand that quantum computer do not really have any kinda supremacy over blockchain technology and cryptography. You should provide enough information regarding these wide assumptions that will help people understand why you think google possesses the threat to bitcoin. I don't really see any threat google has on Bitcoin..

Though in my personal opinion, other than Bitcoin, altcoins really does not offer anything, except for those top altcoins, others are just shitcoins to me. So there's not really that great of a market to attract for them. Bitcoin on the other hand, has already proven itself and people quite know that they're different and maybe reconsider/learn Bitcoin as an alternative to these prevailing payment systems by centralized companies that collects your financial data and sell it to third party conpanies.

Bitcoin is able to change if needed.
Best developers, highly motivated miners/devs/users. This trio team can do whatever is needed to resist quantum power.
I don't guess that, i know that.

Quantum theory is more sort of a Hoax and there is no threat the bitcoin blockchain because of this. Yes, it is a fact that computing powers will be increased over the years but they will have no effect on bitcoin. The question on bitcoin be able to change, if required is out of question as no one want the current status to be changed and it should not be changed.

You worry too much, smart people can analyze which is better. Cryptocurrency with high security, privacy, anonymity, fast. etc. versus google which takes your data and other important information. For you which do you think? Anyways these are two different things you can't actually differentiate them they co-exist.

it is not quite applicable to compare google to cryptocurrency as the service that google provides people isn't the same as the financial support and service that crypto provides to people. It might impose a threat that's right, but we strong laws and regulation that restricts them to do execute certain commands that might affect cryptocurrency and the blockchain.

Then what that happens, Google has succeeded to minimize or maybe eliminate cryptocurrency. And when something is eliminated in the race that can mean that it must be weak or it has failed to capture the imagination and support of its intended market. Cryptocurrency is still relatively new and there will always be forces that will compete and destroy it if they can but IF an idea and technology is strong enough (and it must be) then it can be able to survive and flourish. Survival of the fittest is the game being played all the time. Cryptocurrency is no exemption.

Now, having said the above, I don't believe that Google's quantum computing technology can be able to destroy or decapitate Bitcoin and even if they do I don't think they will do it just for the sake of doing it. Having the said technology comes with great responsibility because an outfit who will not be careful with it can have legal repercussions to face. And Google is a corporation that is avoiding any possible skirmishes with the legal community and they don't want a backlash from the expanding cryptocurrency community as well.

i can't understand the logic behind this, google and bitcoin have different functions and they are very different from the core from one another.

That's really alarming news regarding this issue, Day by day Cryptocurrency is getting in pressure. since the price is getting more volatile so this platform is also getting more volatile because people are not depending on this situation, not only that but also this system is getting more vulnerable in terms of security, In recent time, a huge hacking happened here and a lot of cryptocurrencies has been stolen so people are becoming scared of this cryptocurrency future, Most important thing is that. Cryptocurrency platform is losing the new investors in recent time, so this cryptocurrency platform should add some new thing which could attract the new investors for the future purpose.

lol how will google attracts more investors when bitcoin has already established Billions of $ inside for 10 years/and still counting upto now?

same thinking here,but for the benefit of the doubt then its the question to be answered,and bitcoin will surely wins in this battle.

Both Google and Cryptocurrency are based on a very large community.
I think the big movement by the community can change the situation, and I'm sure cryptocurrency has many big investors who realize this.

Fellow bitcointalk member, What have you been drinking all this while? You want a multi national company who has almost every users data in their store to start using their bitcoin transactions to keep track of them and their businesses? You cannot escape from their surveillance but at least you should try to avoid them as much as you can.

Its not paranoia, but only those who are not accepting the idea of decentralization would think google should start using their services to crack blockchain using quantum computing. It wont happen anytime soon since its more a speculation than any true results. Whether it was anything to begin with is still a question.

Quantum computers will continue to be identified in the subject of confidentiality, Google will not be too open to it, so far there are only rumors and speculative things about crypto. Google will continue to prioritize business functions and be very careful about the implications of the data. With an accommodating attitude in general is actually very beneficial for both parties, unless Google has other plans related to the government's agenda in determining their position in the market to come.

I think you just exaggerate things, if there is risk with quantum computing, then bitcoin or blockchain technology will adapt, simply as that. Of course bitcoin is a speculative asset that's why the price is affected by any news, be it positive or negative. Good if Google attracts millions of investors but it doesn't mean that it will make it harder for bitcoin or the rest of crypto in general to grow. Investors like to diversify, so you could see them going to precious metals or stocks or even crypto, nothing to worry about at this point.

I never thought that Google Pay could threaten bitcoin. because the two are very different. Bicoin is a cryptocurrency that has high volatility. because of this volatility bitcoin becomes an investment and trading tool but bitcoin can also be used for payment tools. while google pay is a payment instrument application not a currency and also cannot be used as an investment tool so what makes google pay a bitcoin threat I think does not exist. only altcoin can be a competitor of bitcoin but until now there hasn't been any altcoin that can beat bitcoin.

bitcoin can't be stopped and eliminated, i'm sure google will use blockchain technology and make bitcoin a part of them, unfortunately i can't say much about this but maybe in the near future there will be news about this  8)

I choose crypto because of the freedom presences, p2p transfer, no government, secured and fast, i'm sorry if all what google can offer is light speed that won't do, i want something that others won't know about e.g my worth, if i have 300btc worth millions in my wallet no one will know, this is what makes crypto stand out and topping

I'm not afraid of uncertainties. Maybe they will have a quantum computer and then maybe this computer will be able to crack bitcoin and maybe somebody will attempt to break satoshi's private keys and maybe he will succeed and maybe he will do it in the next 10 years and maybe we'll allow it to happen.
Same maybe can be applied to other things like maybe google will launch its own crypto and maybe it will make other people sell their bitcoins and maybe there won't be new bitcoin investors to fill the gap...

for Quantum supremacy I think also what are the benefits for Google itself. Although they can leak data as proof, they also don't want their business to be destroyed by a barrage of unhappy crypto hackers.

Google has made several rumors about making their coins, but there are still no facts to be proud of. it is impossible for any company to develop without complying with regulations.

I think we are on the truth google efforts to be a threat to crypto will never happen ,much industry crypto can attract investors with promising product for investment and fluctuations ,I see the news also yesterday that Google will kill bitcoin it will definitely not happen even with extraordinary plans crypto and bitcoin will be an unstoppable asset of the future

Google can't do that, in fact they are also cooking something and is also in their mind how they are going to adopt crypto in their business, most businesses nowadays wanting to have crypto in their life, they want to take advantage of it, actually the CEO of twitter too is having a meeting with crypto enthusiasts, we don't know yet what they have on their mind, for sure  in the future they will share it.

Why should cripto fail to attract new investors? I mean, Bitcoin doesn't have a marketing campaign behind, he product is too good that it doesn't need marketing. If Newspapers make some black marketing against bitcoin, it still positive marketing. Let people talk about bitcoin for good or for bad, in the end they still talking about it.

I don't think google is a threat to bitcoin right now, but maybe in the future it will be.

This, neither Google or any other centralized entity is ever going to release something like bitcoin because it is not on their best interests, they will release coins or services which are highly centralized and in which they have complete control over their system, and if that is what people want then they are free to use it but people like us will never get rid of our coins because we can see the great advantages that bitcoin brings and that no centralized coin will ever bring.

I think op worrying too much that Google will never be able to threaten bitcoin. the issue about the discovery of a quantum super computer I think also will not affect bitcoin. because until now the quantum super computer doesn't exist yet and also won't be able to break the bitcoin block. and google pay I think is just a payment application so it has nothing to do with cryptocurrency. bitcoin has become a strong coin and has a large capitalization and trading volume. it can't be defeated by something like Google Pay.

Both have it's own advantage maybe, and people still free to pick which one is good for investment. I think  bitcoin wouldn't easily replaced by other investment. And  i see someone above said this is just product of google, i think a company free to make their product and that is part of competition in investment. And if bitcoin keep stay with it's benefit, nothing to worry if bitcoin will get replaced.

In October it was approximately when I remember reading an article on the subject, as I recall it was a publication made by NASA and then it was deleted.

What put in context was the fact that Google's quantum technology could solve problems in 200 seconds what it would take 10 thousand years to other teams.

However, what was most emphasized is that at that time there was talk of having achieved quantum technology through a company's supercomputer with a total of 53 qubits, which would require at least approximately 1500 qubits to start generating entanglement or Some alert to Bitcoin and similar systems, this is what brought the attention of crypto experts.

However, some said that cryptocurrencies can be updated with resistant quantum technology and that it is still very difficult to see a quantum technology from Google so powerful as to do so, that it is beginning but that much development is still lacking.

It's not been a problem for crypto because google and crypto will have different ways to attract new investors. Besides that, crypto will not fail to attract new investors because crypto offers much better to them than the other payment method. And crypto can secure the investor's identity by not to send their document to any coins or crypto that they used for the investment.

People or new investors will choose which ones they want to use. If the new investors okay with using google pay, then they can select that. But if it's not, then they will choose crypto for making a payment, but that will only with one condition, crypto is available for the payment method.

The Quantum computer will be invented in the future, but I am not sure if that quantum computer can solve the computation in crypto. So we don't have to worried about that, and it is better to prepare ourselves for what will happen in the future so we can adapt to the situations.

Google give positive way for bitcoin become promoting on their platform, maybe without promoting on google we don't know about how to get much profit with bitcoin investing. Around the world know whit bitcoin after allowing for promoting on google and youtube platform become best way how to understand many people try investing with bitcoin and altcoin.

Facebook has marked its entry into the cryptospace, does that made people go for the Facebook's libra leaving bitcoin. No, people intent to try it out apart from bitcoin. Same is the reality with Google, they always try to cope with the needs of the people. The end result is in the hands of common public who are the end users. This clearly shows there is nothing as a threat to the bitcoin network. Anything that has been taken forward by leaders in technology industry seems to a competence to be leader in the market.

they will never launch a quantum computer let alone destroy bitcoin, I even analyze Google is one of the companies that is in this hidden bitcoin project, it is very funny if there is a quantum computer haunting the crypto community

Understanding the possibilities bitcoin will exist and not being threatened by this system from google, they have different approaches and for
sure they will not directly compete they will coexist if ever that this plan from google will take place. Crypto will continue to survive despite
of those many price speculations and a lots of volatilities that existed inside the market.

Bitcoin does not have marketing campaign? Maybe you forgot that they launched a magazine tackling about bitcoin itself and has readable articles about cryptocurrencies way back 2012. And I think that is the start of people knowing more about bitcoin and cryptocurrency resulting for more promotion.

I don't think so, plain news and world news has a great impact of bitcoin's price. It isn't positive when we see its price declining for a long time. Bitcoin won't be out for discussion.

Google could break it but not now. They are still far away to build the quantum computer, but I think they might not continue it as they cracking bitcoin's equation is also cracking the internet which means everyone is at risk.

This is in no way of threat to me at all, because we all know the main reason why the idea I quantum supremacy was developed, it was solely to discredit the usage of bitcoin and make it hard which you have seen that they have even failed and this is part of the reason I believe that satoshi cannot be a single person but a group of highly intelligent people who thinks fast and would have even thought of all these areas before the bitcoin was released.

With this Google application again, I doubt if there is still going to be anyway for them to succeed in doing what they intend doing with it to make it popular and make bitcoin less popular and attractive. I keep telling people something that as long as there is no cooperation that is willing to create a decentralized project like bitcoin, there is absolutely no way that they can compete with bitcoin.

I think that google has the potential to be a threat to almost anyone. Think about how much info they collect from us everyday? Some of us like myself even use chrome which probably collects even more info.
Could they abuse this info? Sure they could. Anyone can become a threat it just varies in the level of the threat. As far as crypto goes... Well... I mean they have a lot of research from us, crypto users. Maybe they could use that? Quantum computing is a whole nothing story. I honestly don't have that much understanding about it other than the obvious that people say it can brute force a private key. That's insane and on a whole other level. So no right now I do not believe that google and quantum computing is a threat. At least not yet.

It is interesting that you understand that at some level Google is a threat to our privacy and yet you are using their browser, they are monitoring everything you do while you are surfing the web and even if you are not doing anything wrong you have a right to retain some of your privacy, in my opinion Google, Facebook and all of those companies have gone too far, but no one wants to stop them because governments are interested in that information too.

It was a speculation at one time, which is common among people living in 4walled basements all day and rarely going outside. Like the say, the empty brain is the devil's workshop. Delusional thinking starts and they break people down with these thoughts of holding bitcoin for future. It could also have been a propaganda by the no-coiners at one time and seem to come up from time to time.

Google may very well be using blockchain as a technical instrument but their GPay is what they are more involved in developing. Possible that they hold bitcoin but that may not directly influence.

those quantum computer and smart checking google pay is indeed have a short term impact to whole bitcoin ecosystem.

in fact the market itself reflected right now , this is a decentralized market where any public sentiments will always be a deadly weapon to drag people down easily. let it flow and as usual it will recovered as time goes by , we have been through these situations before.
nobody know whether google is trying to take down bitcoin on purpose or it is just a technology breakthrough that opposite each other with bitcoin.

accidentally or not. who cares , bitcoin will always find the way out with tons of believers backing it all the time.

Very reasonable, they can create their own bitcoins by keeping Bitcoin safe. In the long run they will have to develop one of their currencies. If they exploit all the bitcoins in the market and sell them, the liquidity will be zero. They will not be foolish to destroy this market. There are many people who own bitcoin and the majority are their customers and partners.

Unlikely to happen. The mining procedure making anybody trying to mint their own coins useless. The quantum computing was another scare tactic, nothing more.

Seriously speaking, a tech company like Google would never go into that direction. They are nonethical enough to save your data but ethical enough to not sell it, similarly their owners are rich enough to not make any attempt to ruin the market. They have much better uses of quantum computing than to attempt to destroy something which has a good use.

However they may create their own altcoin and promote its usage for paying, maybe google pay use?

We are the UK enrolled organization, We are the master from HYIP EV SSL ( green pub SSL for HYIP ), superior HYIP template design, safety seal for HYIP and UK, USA, HongKong incorporation enrollment for HYIP. If you happen to start looking for the superb hyip service provider for buying online Investment business websites when you have reached the proper location. Our mission is Customer's satisfaction, so we attempt to meet all of your requirements. We convey that the greater part of our administrations on convenient behavior as swiftly as possible, so you'll get inspired by our own work.

Click Here for More Info:  https://hyipssl.com/buy-verified-accounts (https://hyipssl.com/buy-verified-accounts)

I don't understand what you are trying to say with how it could affect the cryptocurrency industry. Breaking the actual cryptographic process would stop Bitcoin or any related blockchain technology, but right now, I doubt it's near completion or could be completed. I doubt it would be useful to support a company instead of using Bitcoin itself. Adoption would be the critical thing that Google could do, and I hope they consider using Bitcoin instead of threatening Bitcoin itself.

Do you have any resources with regard to the possible threat Google has on Bitcoin?

Google will always be used to make the price of BTC to drop, they will run out soon when this quantum computing  series of fud they did will not affect. I doubt this quantum computer is even real and it will not even crack mathematical equation to mine millions of BTC. And if it can, the team can just do something to prevent it from happening that will make it harder that eventually make the price go up instead because of the difficulty.

They might harm cryptocurrencies that are going to underperform, but I don't think they can impose threat on bitcoin. Once bitcoin shows its signs again, it will have more investors than stocks or any other things that you can invest in. Once it goes back to its 2017 point again, there will be a lot of money thrown on bitcoin and altcoins once again. As long as the altcoins continue to improve and new good projects will start to rise.

Google will have its influence to those who don't believe enough in bitcoin but to those who already see how it performs and how it progress and recover despite of its volatility they will still use bitcoin. But as Google pay offers also earnings thru their other partnered website we can still consider it as it may help us too.

google pay is not secure as it seems there is a ton of hacking happening in Gmail
when you connect your credit card it can be used in any games in play store
there is some story that a son use the credit card to buy thousand dollars of games credit in play store
i also experience it but only a small amount so i never connect card in my google pay again

Nah Google doesn't pose a threat. Developers have realized the problem. The other day I was talking to an ex-BTC developer who said that the devs have already started looking into quantum resistant hashing. In a year or 2 we should start seeing the early versions of quantum resitant cryptogrpahy

In the first place it doesn't mean when we say quantum computing power, means powerful decryption of secured passwords. Quantum computers have their massive computing difference to the computing algorithms or patters we have on our pc which primarily responsible in encrypting and decrypting cryptocurrency. In addition, the hashing algorithm such as SHA256 is quite strong enough, though, there is a possibility it could be compromised by the quantum computers, but there are restrictions that quantum computers need to conform which make the cryptocurrency invulnerable to them.

Google will probabily influence it in a way if it advertises for the long term. Or uses it as a payment option.

Prices don't change just because of specualtions, you can feel from those countries that incentivate its usage with a big uprise on buy and new investors approaching the market.
New companies are forming a group of new investors that was never seen before.
These investors are the ones making price bigger / lower.

Those new  investors who incorporate themselves to other will play the big role on which way to decide the directions of their investment, it's uncontrollable since they can deal with new money that will going to flow inside this market. There's always possibilities if being plan well and
we can't stop anyone to work with they think that they will have the advantages.

Basic Google threat to Bitcoin (like anything else) is that because of the fact it is almost a monopolist on the search engine market. Because of that google in the very first place they can manipulate search results to promote content of specific type.
Example - you google "how to buy Bitcoin", and the first page would consist only doom and gloom information about Bitcoin (like hacks, or how low went BTC during the last downtrend or some articles claiming BTC is used for criminals), and only on second or third page there will be the first information related to what you have been searching for.

Alternatively, there will be no search results - or like with youtube they own "This content is not available in your country".

I do not think so, it is unlikely that Google will become a threat. I think that rather Google invests in bitcoin.

True currently quantum computers are like the ENIAC in the 1930s, but as technology progresses SHA256 will feel the pressure. It won't happen overnight, but 20 - 30 years of research can do something. We have to be prepared for everything.

That's not something I need to worry about. Although Google has a strong influence, cryptocurrency niches, especially Bitcoin, have formed a strong community so it is not easily influenced by it.
Both have different niches, even if Google's plan was realized I was reluctant to join because Google could see my personal data freely, of course, it was very different from bitcoin. I am also sure that most others will still choose Bitcoin.