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Author Topic: GoogleCoin  (Read 4129 times)
guybrushthreepwood
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February 10, 2014, 03:44:38 PM
 #21

I think a few companies will try create their own coins, using cryptography, but they will essentially just be either minted or centralised. Companies like Apple or Google could probably pull this off and offer benefits for using them. Maybe they'll just be offered like reward points at first but people will be free to trade or sell them.

The question is why would people use them in the first place?

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yatsey87
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February 10, 2014, 03:46:58 PM
 #22

I think a few companies will try create their own coins, using cryptography, but they will essentially just be either minted or centralised. Companies like Apple or Google could probably pull this off and offer benefits for using them. Maybe they'll just be offered like reward points at first but people will be free to trade or sell them.

The question is why would people use them in the first place?

Why do people use any of these alt coins? If there's money to be made or they have value to purchase other google or apple products then people will be all over them.
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February 10, 2014, 11:12:14 PM
 #23

The appeal of bitcoin is the decentralized system; nobody owns it. If a large company released a "coin", it would be centralized and would essentially be a "token" or credit system, like buying game tokens at chuck e cheese pizza, or mickey mouse dollars at disneyland. Anyone who worries about this doesn't really understand or appreciate bitcoin. Again, the entire appeal and reason for its success if the decentralized p2p nature of the protocol.

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MakeBelieve
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February 10, 2014, 11:32:44 PM
 #24

I would expect Google to make their own coin after seeing the success of Bitcoin and some other alt coins.

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guybrushthreepwood
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February 10, 2014, 11:34:04 PM
 #25

The appeal of bitcoin is the decentralized system; nobody owns it. If a large company released a "coin", it would be centralized and would essentially be a "token" or credit system, like buying game tokens at chuck e cheese pizza, or mickey mouse dollars at disneyland. Anyone who worries about this doesn't really understand or appreciate bitcoin. Again, the entire appeal and reason for its success if the decentralized p2p nature of the protocol.

Go tell that to all these premined coins.

kireinaha
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February 10, 2014, 11:56:49 PM
 #26

The appeal of bitcoin is the decentralized system; nobody owns it. If a large company released a "coin", it would be centralized and would essentially be a "token" or credit system, like buying game tokens at chuck e cheese pizza, or mickey mouse dollars at disneyland. Anyone who worries about this doesn't really understand or appreciate bitcoin. Again, the entire appeal and reason for its success if the decentralized p2p nature of the protocol.

Go tell that to all these premined coins.

Are you referring to Satoshi's stash? I don't see how that's relevent.

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February 11, 2014, 12:22:53 PM
 #27

Google definitely has interests in digital money: google wallet, nfc, and that kind of things they were developing to digitalise fiat money. And then, boom, here comes bitcoin, a wholly new perspective.

My guess, they're observing bitcoin at the moment to see where it goes. Might be developing something like Ripple currently.
guybrushthreepwood
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February 11, 2014, 12:50:05 PM
 #28

The appeal of bitcoin is the decentralized system; nobody owns it. If a large company released a "coin", it would be centralized and would essentially be a "token" or credit system, like buying game tokens at chuck e cheese pizza, or mickey mouse dollars at disneyland. Anyone who worries about this doesn't really understand or appreciate bitcoin. Again, the entire appeal and reason for its success if the decentralized p2p nature of the protocol.

Go tell that to all these premined coins.

Are you referring to Satoshi's stash? I don't see how that's relevent.

No, where did you get that from? I'm talking about all the crappy altcoins.

leannemckim46
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February 12, 2014, 11:38:25 AM
 #29

But if google come out with their own coin, it can be the best!!!

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hilariousandco
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February 12, 2014, 11:57:06 AM
 #30

But if google come out with their own coin, it can be the best!!!

Based on what exactly?

Kiki112
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February 12, 2014, 07:48:55 PM
 #31

Google coin:  the coin you want to google.

this made me lol Cheesy

also btw I heard google was going to make some application based on hypotetical money Cheesy

but they decided to quit it and who knows, maybe one of their developers was Satoshi himself Smiley

5thStreetResearch
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February 12, 2014, 08:15:08 PM
 #32

they could become the worlds next largest bank

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