After Galaxy S10, next is Samsung Coin?

[Bttzed03]

Coindesk published a REPORT that Samsung may soon issue their own token (Samsung Coin). It is still not confirmed yet but news like this are most welcome. Let's see how things unfold.

Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains.

[chocopapaya]

Ugh, I hate private blockchains.
It's not what the tech is for.
It's like news vs propaganda.  News was made to inform the public but people take it to make propaganda (which is meant to not inform, but control the public).

These big corps are so far behind and have so little understanding its hilarious.
Yes, we live in a world where megacorporations like disney, samsung, apple, dominate the market.
But unless they adapt the true strengths of blockchain, they will be left in the dust.
The true strengths are open source, publicly distributed, and totally transparent.

Take Blockbuster video for example, the king of vhs and dvd rentals.
They are totally bust now because they were too late in envisioning a world where people could consume their movies and shows online.
They simply weren't on top of tech developments and their implications.

[Bttzed03]

~~~

Nothing is confirmed yet and as what's quoted above, it could also become a public blockchain.
It's no denying that they came in a it late but they do have the resources to adapt and catch up fast.

[tomahawk9]

Samsung Coin, Facebook Coin, big corporations are getting ready to create a new revenue stream for their companies by letting the average joe invest is private blockchain and centralized corporate coins (I find it very unlikely that they'll make it a public blockchain, but who knows?)...What's next? Netflix Coin? Starbucks Coin? Are we gonna start seeing an influx of new tokens/coins from the big companies around the globe in the next few years? Maybe shitcoins will no longer pollute the crypto market, corporate cryptocurrencies will take their place :/

[Adriano2010]

Maybe yes, but this will not guarantee that will be a successfull project and maybe they will use it internal and even if will put on sale maybe who own a Samsung phone will buy it.

[Aleksandra Gurskaya]

I think very good news. After all, Samsung has a huge number of users and all of them will be able and most likely will want to own their cryptocurrency, and this is very good for attracting a large flow of people to cryptocurrency.

[herurist]

This is good news if Samsung is actually issuing a coin, it will be the first, Samsung is the first cellphone to issue coins, hopefully this is accurate.

[alisafidel58]

Although I love Samsung and its products I think I will not support this coin if they ever decided to release one on their own. This will be centralized and I think this will just go down like other centralized coin or token that has been released in the market.

[hummer113]

Many large companies recognize the benefits of using blockchain, I think that Samsung can already test private blockchain, just does not want to talk about it.

[Little Mouse]

Today or tomorrow, every big giant will gradually come into this. Otherwise, they will not be able to keep up the best in the market. If Samsung comes into the place, that will be huge for the crypto industry. I had a feeling that we will be used cryptocurrency in future as per industry category. Like, for example, medic coin for hospital, facebook coin for ads and so while bitcoin will be the leafing crypto like as USD.

[79b79aa8d5047da6d3XX]

I really hope this news is true.  On the brighter side if this news is true and Samsung launches its own coin it will be the much needed pysh blockchain needs to gain massive adoption and go mainstream

[Awesomus Maximus]

Yet another company or centralized entity trying to jump on board and make it in the news. They don't need a crypto. It is useless for them. Cryptocurrency without decentralization is another paypal and why would they want to be one? If this news is true but I hope it is not.

[disconnectme]

There are two ways to look at this, I don't like big corporation take over the space because what they want is to take over everything and this si against what the space is all about, but however it give credibility to the space, Facebook and Samsung are big companies and the tumour of Tesla offering ICO is a good thing to the space

[qazgroup]

I would have liked more if Samsung would have implemented and added already available coins like btc, eth or xrp in their ecosystem i personally do not get the purpose of such a move i mean why such big corporations need their own coin. Coin is just required for funding and when you already have funds then there is not much need of creating a new coin.

[sockpuppet1911]

There are two ways to look at this, I don't like big corporation take over the space because what they want is to take over everything and this si against what the space is all about, but however it give credibility to the space, Facebook and Samsung are big companies and the tumour of Tesla offering ICO is a good thing to the space

I don't see that the private blockchains have anything to do with this space. Private blockchains are highly centralized and against the spirit of the whole decentralized space. I really don't see any point in them.

[cabron]

Yes. We'd start to see it coming for what purpose do they support BTC wallet on their phones as a matter of fact, I can see they may even have their own exchange also. The adoption is almost reachable by a hand. Facebook had started it and we shall see more coins from the big companies like Samsung and perhaps the Amazon as well.

[powerman24]

Big corporations are a bit late but they want to have their piece of the pie. Anyway, their appearance means a lot for mass adoption of crypto as they have huge customer base

[jakelyson]

This is a possibility since Samsung is recently investing in Crypto hardware.

https://cryptocrunchapp.com/news/samsung-invests-29-million-in-crypto-hardware-startup-ledger

They could be open on creating on their own blockchain or another token.

[MakeMoneyBtc]

That's a plausible thing since i think they have added a bitcoin wallet to their phone with a reason, to test how it works so further they can add their own crypto wallet to their phones so that people can make blockchain payments using their phones. If you think about it, what they did with galaxy s10 was just an experiment to see how people react and also to test how a crypto wallet would work on their phones

[labilaab]

Samsung Coin, Facebook Coin, big corporations are getting ready to create a new revenue stream for their companies by letting the average joe invest is private blockchain and centralized corporate coins (I find it very unlikely that they'll make it a public blockchain, but who knows?)...What's next? Netflix Coin? Starbucks Coin? Are we gonna start seeing an influx of new tokens/coins from the big companies around the globe in the next few years? Maybe shitcoins will no longer pollute the crypto market, corporate cryptocurrencies will take their place :/

I agree with what you said. I think that by this news of having many corporate cryptos being produced then it will surely drives away the shitcoins out there.  And I bet this corporate cryptos have future on blockchain field for resources they have and their costumer's reputation also.