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Author Topic: Google have been conspicuously quiet about Bitcoin for 6 years. What gives?  (Read 1808 times)
LMGTFY
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September 25, 2015, 01:37:46 PM
 #41

Google as a corporation may have been fairly silent, but individual staff members have commented on it - including Google CEO Eric Schmidt:

Quote
“[Bitcoin] is a remarkable cryptographic achievement,” he said on a panel. “The ability to create something which is not duplicable in the digital world has enormous value.”

...

“The bitcoin architecture, literally the ability to have these ledgers which can’t be replicated, is an amazing advancement,” he continued. “Lot’s of people will build businesses on top of that.”

The article also quotes Jared Cohen (Google's "Director of Ideas"):

Quote
“[cryptocurrencies like bitcoin] are inevitable“.

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Carlton Banks (OP)
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September 25, 2015, 02:32:39 PM
 #42

Google as a corporation may have been fairly silent, but individual staff members have commented on it - including Google CEO Eric Schmidt:

Quote
“[Bitcoin] is a remarkable cryptographic achievement,” he said on a panel. “The ability to create something which is not duplicable in the digital world has enormous value.”

...

“The bitcoin architecture, literally the ability to have these ledgers which can’t be replicated, is an amazing advancement,” he continued. “Lot’s of people will build businesses on top of that.”

The article also quotes Jared Cohen (Google's "Director of Ideas"):

Quote
“[cryptocurrencies like bitcoin] are inevitable“.

If highly senior/influential individuals at Google said the above, it's all the more interesting the company is not directly involved, either in software development or investment. I think Google were purported to be investors in Buttercoin, which eventually dissolved for reasons I forget right now. Does anyone recall any other declared involvement of Google in Bitcoin?

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September 25, 2015, 02:37:27 PM
 #43

Google is admiring bitcoin, they said that many times. They know that cryptocurrencies are our inevitable future.
My theory: For now they are silently waiting for people to be more familiar with cryptos and for bitcoin or other alternate currencies to grow.
Later - they will either adapt bitcoin if it will grow substantially or create their own GoogleCoin - I bet they are working on it now. Maybe they already have it.
LMGTFY
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September 25, 2015, 02:37:56 PM
 #44

If highly senior/influential individuals at Google said the above, it's all the more interesting the company is not directly involved, either in software development or investment.

Agreed. My guess is that - in the context of big finance recently declaring its love for blockchain tech - Google is playing a waiting game. If it looks like a blockchain tech is taking off, it'll get involved. If such techs fail, there's The Original And Best Blockchain to fall back on.

(I hadn't heard about buttercoin - brb, off to do some learning!)

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