[NEWS] Google Coin

[Spoetnik]

I warned you all long ago and it happened !

IT'S ALL OVER !

Google Coin is here  



https://www.neowin.net/news/gmail-on-android-now-lets-you-send-and-request-money---and-doing-so-is-completely-free

Google has introduced a new feature in its Gmail app on Android, allowing users to send and request money, just as easily as sharing a photo or file.

I said LOTS in the last couple years you were all running out of time to make a coin that gets traction and adopted before the big guys like Facebook or Google etc.

So it's here now.  
Why would users want to piss around with scammy Altcoins or 8 days TX's with BTC ?

And you may say ohhh it's not a "coin"
Bullshit.. you don't define them as a block-chain and nor should you.
There was suppose to be a better way than the block-chain created long ago
but no one ever bothered.. they simply rolled out ICO "innovation" on top of Block0Chain tech.
Oh and "Ledgers" of course.
So.. since you all love to blur the lines of what an Altcoin is then ..enjoy.
..your ledger is just as much as a coin as Google's

I TOLD YA SO  

[Arvydas77]

It was only a matter of time when it happens. Google, FB, Youtube, Twitter etc. has billions of users and it is easy to throw in-platform currency upon them and send the banks into knockout. They don't need to hunter new customers because they have a lot. They don't need any stupid marketing because everyone knows what is Google. But there are some disadvantages. It is still centralized and they can freeze your account any minute. They will send you bunch of advertisments based on your shopping and search history habits.

Gmail on Android now lets you send and request money - and doing so is "completely free".
"they can even arrange for money they receive to go directly into their bank account"..

This part is a game changer. Why bother with blockchain issues if you can move money in seconds for free directly to your bank account!

[Wapinter]

It was only a matter of time when it happens. Google, FB, Youtube, Twitter etc. has billions of users and it is easy to throw in-platform currency upon them and send the banks into knockout. They don't need to hunter new customers because they have a lot. They don't need any stupid marketing because everyone knows what is Google. But there are some disadvantages. It is still centralized and they can freeze your account any minute. They will send you bunch of advertisments based on your shopping and search history habits.

Gmail on Android now lets you send and request money - and doing so is "completely free".
"they can even arrange for money they receive to go directly into their bank account"..

This part is a game changer. Why bother with blockchain issues if you can move money in seconds for free directly to your bank account!

Just because you have a business giant with millions of users doesn't mean you can do anything.
If Google, fb etc try to interfere and disrupt the monetary system,they will be punished by government.

[Ayers]

what they don't told you is that this coin is centralized like ripple and do not offer anything new, what giant company do not understand is that they can't simply make their coin and expect good thing from it when they are not using the blockchain technology which is about decentralization, any big company like apple google facebook will never adopt such technology because it go against their centralization rule, they would not have the power to control it

[Arvydas77]

It was only a matter of time when it happens. Google, FB, Youtube, Twitter etc. has billions of users and it is easy to throw in-platform currency upon them and send the banks into knockout. They don't need to hunter new customers because they have a lot. They don't need any stupid marketing because everyone knows what is Google. But there are some disadvantages. It is still centralized and they can freeze your account any minute. They will send you bunch of advertisments based on your shopping and search history habits.

Gmail on Android now lets you send and request money - and doing so is "completely free".
"they can even arrange for money they receive to go directly into their bank account"..

This part is a game changer. Why bother with blockchain issues if you can move money in seconds for free directly to your bank account!

Just because you have a business giant with millions of users doesn't mean you can do anything.
If Google, fb etc try to interfere and disrupt the monetary system,they will be punished by government.

If you have business with millions of users that means - you already have user base and you don't need to spend your time to attract them like most of crypto must. Decentralization is idea of libertarians and not of ordinary people. Why you people can't understand that ordinary ones don't need decentralized money and do not bother themselves with decentralization. They will use Google wallet as they're using gmail, Fb, Apple etc.
Why anybody, execpt libertarians, needs blockchain if we have better technology of giant corporations? Does Bitcoin debate is not going about scaling and TX's confirmation time? It can scale 4-5 TX's per second. Wow   And Google Pay can scale as many transactions as emails are sent - unlimited.

Regarding the banks and Google - they wil cohabit. It is easy to respond to AML and KYC requirements with Google and other giant organizations. It is government and bank friendly.

  

[cryptohunter]

I don't think this rivals crypto any more than paypal does (which is greatly in one respect)

The entire point of crypto though is there is eventually NO point of central control.

This is just paypal from google.

Also how are you going to make crazy ROI'Z on this?

Although many hate the gambling aspect of crypto it is actually the driving force and funding for its development.

People don't mind losing a gamble if it is fair or appears fair. They don't like getting openly shafted. This is why stomping down on open scams is very important. They inhibit the furtherment of crypto by frightening crypto enthusiasts and gamblers away.

Eventually crypto will improve to be really decentralised end to end.

[Arvydas77]

I don't think this rivals crypto any more than paypal does (which is greatly in one respect)

The entire point of crypto though is there is eventually NO point of central control.

This is just paypal from google.

Also how are you going to make crazy ROI'Z on this?

Although many hate the gambling aspect of crypto it is actually the driving force and funding for its development.

People don't mind losing a gamble if it is fair or appears fair. They don't like getting openly shafted. This is why stomping down on open scams is very important. They inhibit the furtherment of crypto by frightening crypto enthusiasts and gamblers away.

Eventually crypto will improve to be really decentralised end to end.

I should agree with some of your points. Yes, crypto is the only P2P decentralized network. However, Google is different from Paypal because it doesn't charge any fees for TX's. What will happen in the future, I suppose, Google will provide service for unbanked. It would be enough to have simple android wallet to get $ as you are getting emails. Businesses will accept google worldwide because it hasn't fees. In this way it is revolutionary. They can allow to not charge people as they have a lot of streams of income while crypto doesn't.   

[cryptohunter]

I don't think this rivals crypto any more than paypal does (which is greatly in one respect)

The entire point of crypto though is there is eventually NO point of central control.

This is just paypal from google.

Also how are you going to make crazy ROI'Z on this?

Although many hate the gambling aspect of crypto it is actually the driving force and funding for its development.

People don't mind losing a gamble if it is fair or appears fair. They don't like getting openly shafted. This is why stomping down on open scams is very important. They inhibit the furtherment of crypto by frightening crypto enthusiasts and gamblers away.

Eventually crypto will improve to be really decentralised end to end.

I should agree with some of your points. Yes, crypto is the only P2P decentralized network. However, Google is different from Paypal because it doesn't charge any fees for TX's. What will happen in the future, I suppose, Google will provide service for unbanked. It would be enough to have simple android wallet to get $ as you are getting emails. Businesses will accept google worldwide because it hasn't fees. In this way it is revolutionary. They can allow to not charge people as they have a lot of streams of income while crypto doesn't.   

I'd like someone to analyse the underlying mechanisms that can allow google to offer this.

How will the unbanked use it to send money?

Google will let businesses use this without fee's?

I don't get how it can work out for them.

[eXpl0sive]

In theory, this is just your Credit Card integrated with your email app. You fund your Google Wallet using your Credit Card and use it to transfer funds. Not very different from mobile wallet apps out there, just with a big brand name.

[cryptohunter]

In theory, this is just your Credit Card integrated with your email app. You fund your Google Wallet using your Credit Card and use it to transfer funds. Not very different from mobile wallet apps out there, just with a big brand name.

Exactly as I thought. I wonder how chargebacks will be worked out with no fees for customer service or paying out on scams/disputes?

Can't all be coming out of advertising can it?

[BitcoinNational]

Exactly as I thought. I wonder how chargebacks will be worked out with no fees for customer service or paying out on scams/disputes?

DAMN!  Came here to post this exact question!

So far I read Googlecoin is free paypal?

---
Spoet you're wrong -ish.  This option will be folded into crypto.

[BitcoinNational]

"it's currently limited to users in the United States"

Fuck there goes my sudden idea to accept G-bucks

[tiggytomb]

In theory, this is just your Credit Card integrated with your email app. You fund your Google Wallet using your Credit Card and use it to transfer funds. Not very different from mobile wallet apps out there, just with a big brand name.

Exactly, I thought they were actually releasing a 'Google Coin' from the subject header but this is just another layer to their Google Wallet.

[dinofelis]

I warned you all long ago and it happened !

IT'S ALL OVER !

Google Coin is here  

No, Google bank is here.

[milewilda]

In theory, this is just your Credit Card integrated with your email app. You fund your Google Wallet using your Credit Card and use it to transfer funds. Not very different from mobile wallet apps out there, just with a big brand name.

Exactly as I thought. I wonder how chargebacks will be worked out with no fees for customer service or paying out on scams/disputes?

Can't all be coming out of advertising can it?

This wont work out and bitcoin would be still better speaking of those fees and blah blah things that we would always experience on fiat-related transactions. That Google  coin would just act like a e-currency but still needed to be funded by traditional ways. Theres no special on this one,they might got attention but not for us bitcoin users.

[fortunecrypto]

The title is misleading,it's not actually a crypto coin just like we have here,I don't believe that Google will set up a decentralized currency,because they always wants to be in control,what you post is the closest they can get and anyway it only caters to specific country,unlike any coin here.

[johnwest]

In theory, this is just your Credit Card integrated with your email app. You fund your Google Wallet using your Credit Card and use it to transfer funds. Not very different from mobile wallet apps out there, just with a big brand name.

Exactly, I thought they were actually releasing a 'Google Coin' from the subject header but this is just another layer to their Google Wallet.

It won't affect Bitcoin in any way. It will be like PayPal or other transaction alternatives. It's not a currency.

[shewasfourteen]

Totally Misleading Title

[dihari]

I will say it confidently, this is not an altcoin. This just a new part of business that touching monetary system and exploit their billion users. This just will compare with PayPal and don't ever think they will making something like bitcoin. First of all, it's centralized. Then it's just another dollars online and can't be trade like something good here.
So why you so excited with this? Pfft

[Aureliusy]

 I also want  Bing M$, Yahoo   coin with NSA/IRS/banking backdoor guarantee