FunGate (OP)
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October 24, 2018, 02:22:07 PM |
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The economist George Gilder believes the four biggest corporations (Amazon, Apple, Microsoft, Google) will be replaced by "cryptocosmic" companies. https://dailyhodl.com/2018/10/21/leading-economist-says-current-financial-system-is-ending-introduces-bitcoin-ethereum-and-vitalik-buterin-to-the-mainstream/"Tell, ten years ago the biggest corporations in the world by market cap were Exxon, Walmart, the Petroleum Bank, China Petroleum and the Industrial and Commercial Bank of China. Ten years later, the top four companies in the world are Apple, Amazon, Google and Microsoft by market cap. I mean, who would have predicted that? And I believe that in the next ten years, there will be a similar turnover, and there will be cryptocosmic companies who will dominate the list of the top market caps in the world.” Who do you think they will be, and which industries will they dominate?
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Hydrogen
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October 24, 2018, 11:41:16 PM |
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Um. I hate to be negative. The concept of amazon, apple, microsoft or google being dethroned by crypto alt products seems unlikely if not impossible.
Start with microsoft whose flagship product is windows operating system. Try to imagine a scenario where Windows 10 is made obsolete by an operating system based on blockchain. Its not a scenario which easily fits into the fabric of the space time continuum.
Try apple next. How likely are ipads, iphones, macs or other apple products to be replaced by hardware or software utilizing a blockchain? Eh. Probably. Never.
If you want a scenario where bitcoin or crypto might thrive, it might be better to look at the limitations of fiat money or banks as institutions--things that actually do compete with bitcoin/crypto for market share, if to an extremely limited degree.
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patz22
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October 25, 2018, 01:07:55 AM |
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Well we will never know what will happen in the next ten years but most probably it will happen as blockchain is the future. However if these companies will adapt change and crypto for sure they will not be dethroned.
Let me give an example which is nokia, they didn't change their concept as competitors changed to touch screen phones so what happened? I think all of you know what it is. So in any industry if you will stick to one action plan nothing will happen.
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Hui8
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October 25, 2018, 03:41:15 AM |
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Um. I hate to be negative. The concept of amazon, apple, microsoft or google being dethroned by crypto alt products seems unlikely if not impossible.
Start with microsoft whose flagship product is windows operating system. Try to imagine a scenario where Windows 10 is made obsolete by an operating system based on blockchain. Its not a scenario which easily fits into the fabric of the space time continuum.
Try apple next. How likely are ipads, iphones, macs or other apple products to be replaced by hardware or software utilizing a blockchain? Eh. Probably. Never.
If you want a scenario where bitcoin or crypto might thrive, it might be better to look at the limitations of fiat money or banks as institutions--things that actually do compete with bitcoin/crypto for market share, if to an extremely limited degree.
I agree with you man. This is just impossible to happen because crypto currencies are not really having that much use as the real world products are having. The real market trends created by products and services that are actually existing and getting used by the people for day to day life. Now all the ventures that you have listed up there are the biggest in what they are doing. They have a business model which is now has become fail proof because of many reasons. One of the valid reason is, they are playing monopoly in the market and virtually forcing people to use their own products and services. This way they are keeping their customers attached forever. I see no or zero engagement like this in the crypto currency market.
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taiwww
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October 25, 2018, 06:09:34 AM |
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Thats not possible for sure. These companies have been established four to five decades ago and has taken huge hard work to achieve the position at which they are toady. I guess with the time they have also developed themselves with keen attention over the details and what the world needs. Only these changes that they have made so for has gotten themselves into the position that they are in today. Without this no business or entity out there can grow so fast and so vast really. How many people does even know about the crypto currency with full fledge ? May be very less % of people on the earth knows about it fully. So its hard to say that they will even dethrone the Amazon, apple etc.
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iTradeBit
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October 25, 2018, 07:15:39 AM |
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I think no-one can surpass Google, but everything is possible.
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maligu
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October 25, 2018, 07:35:08 AM |
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I don't think such a company will be surpassed, or only one of them will be surpassed. Such big companies will partner with cryptocurrencies, and they are now very capable.
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timotron
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October 25, 2018, 08:10:29 AM |
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I think some of the big names in 10 years are: VeChain - Industry Waves - dApps Utrust - Payments But who knows! Maybe we get some overpowered idea soon which makes actual crypto look boring ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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Trooper is a suite of tools for the gaming ecosystem, our first tool is a dedicated job portal for gamers to get engaged, all wrapped around the Trooper token MEDAL - $MDL https://linktr.ee/trooperjobs
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davis196
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October 25, 2018, 12:19:23 PM |
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The future crypto giants,who will out-rank the big 4 of the online world are yet to be created. I don't think that any of the crypto projects in existence has the competitive advantage to become the "crypto-Google" or the "crypto-Apple" of the next decade.
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LeGaulois
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October 25, 2018, 01:13:48 PM |
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Coinbase and Digital Currency Group will surely be included in the top 10. I have a few others in mind but up to say overtake Amazon and co. I don't think any has a potential right now. Maybe in 20 years. The big firms won't be replaced, they will change their business model. There are many companies that need to make changes to their business to still be relevant to their markets. You can think about banks, telecom, e-commerce,...
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AIDUS
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October 25, 2018, 01:28:24 PM |
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Yes, i think that it`s true. Now we trying to promote our project at this sphere. So, the official name for the platform is the ‘AIDUS Global D-Fund Platform’, or referred to as ‘ADFP’ as its abbreviation. The AIDUS Project Team now declares the innovative business model that can satisfy all core tasks as following: ·the establishment of a safe decentralized fund market system
·the utility coin being utilized in the gigantic asset management market
·the providing of a high-profit solution.
The reason behind the creation of ADFP is aim at creating a world’s biggest professional asset management community and platform in which global investors can freely join to access to global asset management market.
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Harlot
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October 25, 2018, 01:51:08 PM |
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Doubt that a crypto company will overtake the big companies now especially if they themselves are also using blockchain in their company which means they already have a head start in the race. Also there is really no type of industry who will win the race, right now we are seeing e-commerce and mobile phone companies taking the top spot but the winner here will be the one who will be innovative and will also be taking advantage of the technology that will be common be use in the future.
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chickenado
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October 25, 2018, 01:53:44 PM |
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Coinbase and Digital Currency Group will surely be included in the top 10. I have a few others in mind but up to say overtake Amazon and co. I don't think any has a potential right now. Maybe in 20 years. The big firms won't be replaced, they will change their business model. There are many companies that need to make changes to their business to still be relevant to their markets. You can think about banks, telecom, e-commerce,...
As of now ots hard to speculate because cryptocurrencies is still young but the time come some companies will invest, and use the technology fo this kind of online business, because as we know blockchain technology is more economical, agile and fast.
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tenebriscaelum
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October 25, 2018, 01:59:41 PM |
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Um. I hate to be negative. The concept of amazon, apple, microsoft or google being dethroned by crypto alt products seems unlikely if not impossible.
Start with microsoft whose flagship product is windows operating system. Try to imagine a scenario where Windows 10 is made obsolete by an operating system based on blockchain. Its not a scenario which easily fits into the fabric of the space time continuum.
Try apple next. How likely are ipads, iphones, macs or other apple products to be replaced by hardware or software utilizing a blockchain? Eh. Probably. Never.
If you want a scenario where bitcoin or crypto might thrive, it might be better to look at the limitations of fiat money or banks as institutions--things that actually do compete with bitcoin/crypto for market share, if to an extremely limited degree.
The companies that are thriving in the market will always be the ones that are in trend and as of now these companies are the ones that are thriving so what Hydrogen is telling is very true and un less that people will change that trend then they will still be on the top. So if the social media or the internet will have a great down trend on the users then other companies will surely take the top.
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rose9696
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October 25, 2018, 02:17:43 PM |
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The economist George Gilder believes the four biggest corporations (Amazon, Apple, Microsoft, Google) will be replaced by "cryptocosmic" companies. https://dailyhodl.com/2018/10/21/leading-economist-says-current-financial-system-is-ending-introduces-bitcoin-ethereum-and-vitalik-buterin-to-the-mainstream/"Tell, ten years ago the biggest corporations in the world by market cap were Exxon, Walmart, the Petroleum Bank, China Petroleum and the Industrial and Commercial Bank of China. Ten years later, the top four companies in the world are Apple, Amazon, Google and Microsoft by market cap. I mean, who would have predicted that? And I believe that in the next ten years, there will be a similar turnover, and there will be cryptocosmic companies who will dominate the list of the top market caps in the world.” Who do you think they will be, and which industries will they dominate? I think Cryptocurrency can not take over such big businesses. They all have their own functions and services. Blockchain technology only helps those companies in the field of business and will definitely increase sales. I think blockchain technology will soon serve those businesses.
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krishnapramod
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October 25, 2018, 04:00:00 PM |
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So far we have seen at least hundreds of "cryptocosmic" startups and nothing ground breaking has been accomplished yet. On the other hand, although Microsoft have been exploring Blockchain for quite some time, we saw this year, the rest of the top tech companies, Facebook, Amazon, Google, and Apple taking Blockchain seriously. It has to be seen when or how these dominant tech companies are going to use Blockchain to create new opportunities.
As far as cryptocosmic companies, if I take Blockchain/decentralization/Dapps/DAO (more innovations to come) as the basis then in the next ten years, maybe we would see some new decentralized ecommerce startups/existing ones like OpenBazaar capturing some real market share, but I think with all the data breaches/security concerns, social media would be one of the major sectors where crypto startups would compete.
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magneto
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October 25, 2018, 07:13:51 PM |
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I think that you're asking the wrong question here.
I think it's quite unlikely that any one of the tech giants will be able to be replaced in terms of market capitalisation on the leaders chart any time soon. Even though crypto mining companies may be large in size, their operations are honestly still quite minuscule compared to these companies.
But there is a real possibility that the market cap of bitcoin itself is going to eclipse one of these company's market capitalisation very soon. I don't know if that's an accurate measure of success, but I do think that it's possible and will probably happen at one stage.
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avikz
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October 25, 2018, 07:25:29 PM |
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The economist George Gilder believes the four biggest corporations (Amazon, Apple, Microsoft, Google) will be replaced by "cryptocosmic" companies. https://dailyhodl.com/2018/10/21/leading-economist-says-current-financial-system-is-ending-introduces-bitcoin-ethereum-and-vitalik-buterin-to-the-mainstream/"Tell, ten years ago the biggest corporations in the world by market cap were Exxon, Walmart, the Petroleum Bank, China Petroleum and the Industrial and Commercial Bank of China. Ten years later, the top four companies in the world are Apple, Amazon, Google and Microsoft by market cap. I mean, who would have predicted that? And I believe that in the next ten years, there will be a similar turnover, and there will be cryptocosmic companies who will dominate the list of the top market caps in the world.” Who do you think they will be, and which industries will they dominate? I truly believe this statement! However, I don't think we have such potential projects in place in the crypto sphere yet! The free market rule and the future market dynamics will create the next leader but it is impossible to think of any project now. Blockchain technology is still at a very nascent stage and a lot more research and development is needed to thrive. Even though there are few projects with really innovative idea, but the market response is still not fathomable! However, even though I am not able to point out any particular project with huge potential, but I think, the e-commerce and data security industry will dominate the future internet based businesses and blockchain can have huge application in these sectors.
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hatshepsut93
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October 25, 2018, 07:46:32 PM |
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Um. I hate to be negative. The concept of amazon, apple, microsoft or google being dethroned by crypto alt products seems unlikely if not impossible.
Start with microsoft whose flagship product is windows operating system. Try to imagine a scenario where Windows 10 is made obsolete by an operating system based on blockchain. Its not a scenario which easily fits into the fabric of the space time continuum.
Try apple next. How likely are ipads, iphones, macs or other apple products to be replaced by hardware or software utilizing a blockchain? Eh. Probably. Never.
If you want a scenario where bitcoin or crypto might thrive, it might be better to look at the limitations of fiat money or banks as institutions--things that actually do compete with bitcoin/crypto for market share, if to an extremely limited degree.
Well, the author compared oil companies with software companies, showing how the economic paradigm shifted, and then drawing parallels. So, it means that he thinks that crypto companies will not replace those companies, but will dethrone them by their marketcap positions. But I agree that this seems highly unlikely, aside from Coinbase there isn't even that much big crypto companies, and crypto is different from software, it doesn't need companies that make new crypto, it's just a medium of exchange.
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Lanatsa
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October 25, 2018, 09:21:39 PM |
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This is too overrated to think that those big companies are going to wipe with the blockchain technology. Come to think about of what they have made and done then compare the blockchain technology to them, they were way more in a different level compared to any cryptocurrencies.
The big different is that cryptocurrency is a digital money where like Apple or Microsoft they make software and hardware then how can you compare a physical item to digital. It's just like fiat versus crypto currency or banks versus the blockchain.
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