khaled0111
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October 25, 2018, 10:24:01 PM |
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Google or any of the companies you listed will accept to be replaced by a "cryptocurrency company". If you mean a company that uses cryptocurrencies instead of Fiat succeeds to make huge income making it one of the biggest companies, then do you think Google will miss this opportunity to adopt crypto and attract more customers!! I don't think so.
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yitzjoe
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October 25, 2018, 11:12:01 PM |
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I hope Google and Apple will be the leaders for the crypto market, I see Google's seriousness about this, namely reopening the crypro ads on all services that Google uses. this is a good step for Google, Crypto and also Crypto users
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exstasie
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October 25, 2018, 11:29:30 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.
It sounds like he's not considering the underlying economics. Amazon is increasing market share at lightning speed including brick-and-mortar markets where crypto isn't relevant. Apple and Microsoft build products that are ubiquitous in everyday life and business operations. Most businesses use Windows infrastructure..... What "cryptocurrency application" has even been conceived to replicate what Windows does, and why would anyone need a "cryptocosmic company" to produce it? He seems to be speculating off little more than the fact that tech companies disrupted the economic status quo in the late 90s. Doesn't mean it's going to happen again anytime soon.
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jseverson
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October 26, 2018, 01:52:01 AM |
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From what we've seen so far, companies like Bitmain probably can. Crypto's explosive growth is probably mostly responsible in their explosion in wealth, but we all know crypto also has a fuckton of room to grow. If crypto companies can grow with it, I can see this happening.
Some random ICO company could also potentially reach the top, provided they actually put out something revolutionary and genuinely useful for the masses. We haven't seen anything remotely close to that though, so it may not even be possible lol.
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upsidedown75
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October 26, 2018, 07:02:49 AM |
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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? As much as we cannot tell what the future holds, I doubt if we will ever get to see this happen. These are big corporations that are so much grounded and in the long run, I do not believe there would be a point they will not advance into the integration of blockchain technology somehow, so in a way, I still believe they have an edge when it comes to being fully grounded. There are so many things in that article that actually does not seem plausible, I do not need to start reiterating it as I am sure it is obvious, but one thing is that these companies will always have a stand unless they just want to lag behind and relax in their comfort zone which is what I believe will not even happen, considering they have always been innovators and they will keep being.
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shadyrifles
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October 26, 2018, 07:35:24 AM |
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The companies like Amazon, Apple, Microsoft, and Google is currently controlling more and more our needs in everyday lives, they own our data and everything around it. The cryptocurrency have to go way much ahead from the current situation and there is no middle ground when it comes to cryptocurrencies, it is going to either boom or bust in future.
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arpon11
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October 26, 2018, 07:46:34 AM |
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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? That is how our world changing! And technology rules the world. I have seeing that in years to come bitcoin and cryptocurrencies will be discuss as the determination factors in finance and politics. That is why we should do all we could in other to develop interest in cryptocurrencies. I believe that in ten to twenty years to come bitcoin, ethereum and ripple are going to be corporations that has high market capitalization.
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Juggy777
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October 26, 2018, 07:55:36 AM |
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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 don't mean to be critic but this statement will never come true, I do like bitcoins, blockchain and all but no company using these technologies is capable of dethroning the giants. When you say crypto as a whole has huge market cap, let me remind you cryptos is broken up into various exchanges, people and institutions these are not one party but multiple parties. Also how can you imagine a day without using google or having a iPhone but not using it, I don't think I'm up for blockchain phones where my data is stored publicly for all to see. I can say coinbase might just make it in to 20 or top 10 but that's it, nothing more than that.
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FunGate (OP)
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October 26, 2018, 08:02:10 AM |
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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 don't mean to be critic but this statement will never come true, I do like bitcoins, blockchain and all but no company using these technologies is capable of dethroning the giants. When you say crypto as a whole has huge market cap, let me remind you cryptos is broken up into various exchanges, people and institutions these are not one party but multiple parties. Also how can you imagine a day without using google or having a iPhone but not using it, I don't think I'm up for blockchain phones where my data is stored publicly for all to see. I can say coinbase might just make it in to 20 or top 10 but that's it, nothing more than that. I agree, no company using these technologies is capable of dethroning the giants of our current reality. But, new technology is creating another reality, a virtual reality. We can already see this in how everyone is addicted to the virtual reality devices called iPhones, or smartphones. It's more important than physical reality because of all the cheap dopamine rushes they provide. This could potentially lead to us not using any phones at all. Many tech geeks speculate that AR will replace phones until VR technology catches up, in which we'll be communicating in ways never seen before and essentially living in a virtual reality instead of just observing it.
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Pmalek
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October 26, 2018, 09:14:59 AM |
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I agree with what most people said here and at the moment it is hard to see that happening. You mentioned Amazon, Apple, Microsoft, Google. All these are giants already. Although Bitcoin or maybe Ethereum are giants in the crypt world you dont really need to have them in order to use the services and products of the companies you mentioned. You can just use Fiat like before crypto came to life. It is hard to imagine life without everyday use of Microsoft or Google - but I cant say the same about any altcoin or Bitcoin for that matter.
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Ewinsane
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October 26, 2018, 09:44:36 AM |
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I do not think any crypto country can really overtake amazon, apple, microsoft and google unless they collapse themselves.
Crypto companies have a maximum because they are not neither buying other companies nor getting any bigger quicker which would really hold them back compared to fiat companies. Say coinbase wants to overtake amazon or apple or whatever, coinbase can get big as much as the market gets big and as long as the volume gets big, otherwise they have no other profit sources to take. Whereas facebook for example can get bigger by just purchasing whatsapp and instagram, that makes them really bigger by just existing because that takes the marketcap bigger.
Apple could get bigger by just selling the same phone with a new name and keep making money constantly. Hence if you really believe coinbase could overtake (or any other crypto) they need to find more and more income sources or reason to get their marketcap bigger.
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Legoaseth06
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October 29, 2018, 03:34:42 PM |
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Purely based on assumption, but there is a good chance that one of these companies, if not all of them, would get gigantic by getting associated with crypto or blockchain technology. Crypto market is a huge one with immense potentials and no big corporation would just sit around foolishly. Take for example, Mircosoft has already made their move and several project names are on the air already.
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Hayseth23
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October 29, 2018, 03:35:00 PM |
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It will be hard for any crypto company to dethrone any of these giants. But you never know what is going to happen in the future. It will be interesting to see if somehow they can manage to do so.
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Unerralind05
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October 29, 2018, 03:35:22 PM |
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Amazon, Apple, Microsoft and Google are very big companies. They are not easy to topple down. In events when a crypto company gets cloes, one of the companies might even incorporate it into their company to stay atop of their game.
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Unaukor02
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October 29, 2018, 03:35:41 PM |
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In my opinion I do not think crypto companies can overthrow these giants. Their products cannot be replaced with blockchain or any crypto on that matter. But we will see the use of blockchain by these companies for its vast network.
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jcarlo
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October 30, 2018, 12:06:36 AM |
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Apple already become trillion dollar company. I am believe google will follow. Its hard to predict which crypto company will overtake that company but it will happen in long time
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spongegar
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October 30, 2018, 01:39:09 AM |
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That will take a crazy while before any of these companies could be replaced by any crypto company. Then again, if crypto currency is widely used, i think these companies would then in turn become crypto companies themselves. Let's wait a few more years and see how much crypto currency is accepted.
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BlueStackz
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October 30, 2018, 06:03:45 AM |
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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.
Amazon stands with $995billion, Google has a market capitalization of $900 billion in July 2018 and Bitcoin back in July 26 crossed a whooping figure of $300 billion. But Amazon was launched back in July 1995 which means almost as many as 23 years ago. Google was founded in September 4, 1998 which means as much as 19 years ago roughly. It has been just a decade that Bitcoin has been in the market. From these figures, we can say that Google has the fastest growth rate over time but the IT specialists are of the view that in future Bitcoin will leave behind all these markets.
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Kakmakr
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October 30, 2018, 06:55:45 AM |
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One of the companies that might challenge some of these companies for the top spots, could be Coinbase. They have huge support in the US and they are far ahead of it's competitors at the moment. If they do not change their business model like Circle did, then they might take one of the top spots, when this goes mainstream. OpenBazaar could also take one of the top spots, if they can make their service a bit more user-friendly and if they can target the users that got burnt by all of these centralized ecommerce sites. IT companies and Crypto currency companies are very similar operations, so the fight for the top spots will be fun to watch. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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BTCappu
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November 13, 2018, 11:26:07 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.
Obviously we will never know since we cannot see the future anyway, but one thing I know for sure, is that we cannot just start all of a sudden seeing new crypto cosmic companies as it was so much called in the article to start replacing the likes of Apple, Amazon, Microsoft and Google). Come on! These are companies that have made name for themselves, and it will not even take them slight second to see where they can brace up with competition and be able to come up with several innovations within the blockchain to even make them bigger. One way or the other, I believe that would be a hard thing to come by.
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