Google possesses threat to bitcoin. What do you say?

[Velkro]

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry

Bitcoin is able to change if needed.
Best developers, highly motivated miners/devs/users. This trio team can do whatever is needed to resist quantum power.
I don't guess that, i know that.

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[BitcoinsGreat]

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry

Bitcoin is able to change if needed.
Best developers, highly motivated miners/devs/users. This trio team can do whatever is needed to resist quantum power.
I don't guess that, i know that.

Quantum theory is more sort of a Hoax and there is no threat the bitcoin blockchain because of this. Yes, it is a fact that computing powers will be increased over the years but they will have no effect on bitcoin. The question on bitcoin be able to change, if required is out of question as no one want the current status to be changed and it should not be changed.

[LbtalkL]

You worry too much, smart people can analyze which is better. Cryptocurrency with high security, privacy, anonymity, fast. etc. versus google which takes your data and other important information. For you which do you think? Anyways these are two different things you can't actually differentiate them they co-exist.

[Eugenar]

it is not quite applicable to compare google to cryptocurrency as the service that google provides people isn't the same as the financial support and service that crypto provides to people. It might impose a threat that's right, but we strong laws and regulation that restricts them to do execute certain commands that might affect cryptocurrency and the blockchain.

[CryptoBry]

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like Amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems. What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

Then what that happens, Google has succeeded to minimize or maybe eliminate cryptocurrency. And when something is eliminated in the race that can mean that it must be weak or it has failed to capture the imagination and support of its intended market. Cryptocurrency is still relatively new and there will always be forces that will compete and destroy it if they can but IF an idea and technology is strong enough (and it must be) then it can be able to survive and flourish. Survival of the fittest is the game being played all the time. Cryptocurrency is no exemption.

Now, having said the above, I don't believe that Google's quantum computing technology can be able to destroy or decapitate Bitcoin and even if they do I don't think they will do it just for the sake of doing it. Having the said technology comes with great responsibility because an outfit who will not be careful with it can have legal repercussions to face. And Google is a corporation that is avoiding any possible skirmishes with the legal community and they don't want a backlash from the expanding cryptocurrency community as well.

[Realroy]

i can't understand the logic behind this, google and bitcoin have different functions and they are very different from the core from one another.

[Murat]

That's really alarming news regarding this issue, Day by day Cryptocurrency is getting in pressure. since the price is getting more volatile so this platform is also getting more volatile because people are not depending on this situation, not only that but also this system is getting more vulnerable in terms of security, In recent time, a huge hacking happened here and a lot of cryptocurrencies has been stolen so people are becoming scared of this cryptocurrency future, Most important thing is that. Cryptocurrency platform is losing the new investors in recent time, so this cryptocurrency platform should add some new thing which could attract the new investors for the future purpose.

[Reatim]

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What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

lol how will google attracts more investors when bitcoin has already established Billions of $ inside for 10 years/and still counting upto now?

i can't understand the logic behind this, google and bitcoin have different functions and they are very different from the core from one another.

same thinking here,but for the benefit of the doubt then its the question to be answered,and bitcoin will surely wins in this battle.

[bitvalak]

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

Both Google and Cryptocurrency are based on a very large community.
I think the big movement by the community can change the situation, and I'm sure cryptocurrency has many big investors who realize this.

[TheUltraElite]

Both Google and Cryptocurrency are based on a very large community.
I think the big movement by the community can change the situation, and I'm sure cryptocurrency has many big investors who realize this.

Fellow bitcointalk member, What have you been drinking all this while? You want a multi national company who has almost every users data in their store to start using their bitcoin transactions to keep track of them and their businesses? You cannot escape from their surveillance but at least you should try to avoid them as much as you can.

Its not paranoia, but only those who are not accepting the idea of decentralization would think google should start using their services to crack blockchain using quantum computing. It wont happen anytime soon since its more a speculation than any true results. Whether it was anything to begin with is still a question.

[youdacapt]

Quantum computers will continue to be identified in the subject of confidentiality, Google will not be too open to it, so far there are only rumors and speculative things about crypto. Google will continue to prioritize business functions and be very careful about the implications of the data. With an accommodating attitude in general is actually very beneficial for both parties, unless Google has other plans related to the government's agenda in determining their position in the market to come.

[Kemarit]

Quantum supremacy was a lie or a failure attempt. may be they failed to break cryptography but they showed potential risks and whole crypto industry suffered. Now, google is here with smart checking bank account by google pay. And again bitcoin or other crypto giants will have hard time. Crypto provides security, can secure privacy, giant like amazon, twitter and apple are supporting crypto. Yet only price speculation is only factor that effect the crypto price, it seems.
What if google attracts millions of new investors? what if crypto fails to attract investors? Google may make the path harder

I think you just exaggerate things, if there is risk with quantum computing, then bitcoin or blockchain technology will adapt, simply as that. Of course bitcoin is a speculative asset that's why the price is affected by any news, be it positive or negative. Good if Google attracts millions of investors but it doesn't mean that it will make it harder for bitcoin or the rest of crypto in general to grow. Investors like to diversify, so you could see them going to precious metals or stocks or even crypto, nothing to worry about at this point.

[barabarian1]

I never thought that Google Pay could threaten bitcoin. because the two are very different. Bicoin is a cryptocurrency that has high volatility. because of this volatility bitcoin becomes an investment and trading tool but bitcoin can also be used for payment tools. while google pay is a payment instrument application not a currency and also cannot be used as an investment tool so what makes google pay a bitcoin threat I think does not exist. only altcoin can be a competitor of bitcoin but until now there hasn't been any altcoin that can beat bitcoin.

[piebeyb]

bitcoin can't be stopped and eliminated, i'm sure google will use blockchain technology and make bitcoin a part of them, unfortunately i can't say much about this but maybe in the near future there will be news about this 

[DDante]

I choose crypto because of the freedom presences, p2p transfer, no government, secured and fast, i'm sorry if all what google can offer is light speed that won't do, i want something that others won't know about e.g my worth, if i have 300btc worth millions in my wallet no one will know, this is what makes crypto stand out and topping

[darkangel11]

I'm not afraid of uncertainties. Maybe they will have a quantum computer and then maybe this computer will be able to crack bitcoin and maybe somebody will attempt to break satoshi's private keys and maybe he will succeed and maybe he will do it in the next 10 years and maybe we'll allow it to happen.
Same maybe can be applied to other things like maybe google will launch its own crypto and maybe it will make other people sell their bitcoins and maybe there won't be new bitcoin investors to fill the gap...

[TRONTON]

I'm not afraid of uncertainties. Maybe they will have a quantum computer and then maybe this computer will be able to crack bitcoin and maybe somebody will attempt to break satoshi's private keys and maybe he will succeed and maybe he will do it in the next 10 years and maybe we'll allow it to happen.
Same maybe can be applied to other things like maybe google will launch its own crypto and maybe it will make other people sell their bitcoins and maybe there won't be new bitcoin investors to fill the gap...

for Quantum supremacy I think also what are the benefits for Google itself. Although they can leak data as proof, they also don't want their business to be destroyed by a barrage of unhappy crypto hackers.

Google has made several rumors about making their coins, but there are still no facts to be proud of. it is impossible for any company to develop without complying with regulations.

[Doell]

I think we are on the truth google efforts to be a threat to crypto will never happen ,much industry crypto can attract investors with promising product for investment and fluctuations ,I see the news also yesterday that Google will kill bitcoin it will definitely not happen even with extraordinary plans crypto and bitcoin will be an unstoppable asset of the future

[Kambal2000]

I think we are on the truth google efforts to be a threat to crypto will never happen ,much industry crypto can attract investors with promising product for investment and fluctuations ,I see the news also yesterday that Google will kill bitcoin it will definitely not happen even with extraordinary plans crypto and bitcoin will be an unstoppable asset of the future

Google can't do that, in fact they are also cooking something and is also in their mind how they are going to adopt crypto in their business, most businesses nowadays wanting to have crypto in their life, they want to take advantage of it, actually the CEO of twitter too is having a meeting with crypto enthusiasts, we don't know yet what they have on their mind, for sure  in the future they will share it.

[seoincorporation]

Why should cripto fail to attract new investors? I mean, Bitcoin doesn't have a marketing campaign behind, he product is too good that it doesn't need marketing. If Newspapers make some black marketing against bitcoin, it still positive marketing. Let people talk about bitcoin for good or for bad, in the end they still talking about it.

I don't think google is a threat to bitcoin right now, but maybe in the future it will be.