Google possesses threat to bitcoin. What do you say?

[drachman]

Does Google offer decentralized, censorship-resistant, deflationary currency? If no, then how can it be a threat to Bitcoin? People who value simplicity and convenience will stick to fiat methods, including google pay, but those who want to be in control of their own money will use Bitcoin, and no fiat payment method will make them change their decision. Decentralized altcoins are the only true competitors of Bitcoin, but they also have much smaller network security, questionable design choices and other problems.

This, neither Google or any other centralized entity is ever going to release something like bitcoin because it is not on their best interests, they will release coins or services which are highly centralized and in which they have complete control over their system, and if that is what people want then they are free to use it but people like us will never get rid of our coins because we can see the great advantages that bitcoin brings and that no centralized coin will ever bring.

[yulionoo]

I think op worrying too much that Google will never be able to threaten bitcoin. the issue about the discovery of a quantum super computer I think also will not affect bitcoin. because until now the quantum super computer doesn't exist yet and also won't be able to break the bitcoin block. and google pay I think is just a payment application so it has nothing to do with cryptocurrency. bitcoin has become a strong coin and has a large capitalization and trading volume. it can't be defeated by something like Google Pay.

[topbitcoin]

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 have it's own advantage maybe, and people still free to pick which one is good for investment. I think  bitcoin wouldn't easily replaced by other investment. And  i see someone above said this is just product of google, i think a company free to make their product and that is part of competition in investment. And if bitcoin keep stay with it's benefit, nothing to worry if bitcoin will get replaced.

[LUCKMCFLY]

In October it was approximately when I remember reading an article on the subject, as I recall it was a publication made by NASA and then it was deleted.

What put in context was the fact that Google's quantum technology could solve problems in 200 seconds what it would take 10 thousand years to other teams.

However, what was most emphasized is that at that time there was talk of having achieved quantum technology through a company's supercomputer with a total of 53 qubits, which would require at least approximately 1500 qubits to start generating entanglement or Some alert to Bitcoin and similar systems, this is what brought the attention of crypto experts.

However, some said that cryptocurrencies can be updated with resistant quantum technology and that it is still very difficult to see a quantum technology from Google so powerful as to do so, that it is beginning but that much development is still lacking.

[maydna]

It's not been a problem for crypto because google and crypto will have different ways to attract new investors. Besides that, crypto will not fail to attract new investors because crypto offers much better to them than the other payment method. And crypto can secure the investor's identity by not to send their document to any coins or crypto that they used for the investment.

People or new investors will choose which ones they want to use. If the new investors okay with using google pay, then they can select that. But if it's not, then they will choose crypto for making a payment, but that will only with one condition, crypto is available for the payment method.

The Quantum computer will be invented in the future, but I am not sure if that quantum computer can solve the computation in crypto. So we don't have to worried about that, and it is better to prepare ourselves for what will happen in the future so we can adapt to the situations.

[cotton ball]

Google give positive way for bitcoin become promoting on their platform, maybe without promoting on google we don't know about how to get much profit with bitcoin investing. Around the world know whit bitcoin after allowing for promoting on google and youtube platform become best way how to understand many people try investing with bitcoin and altcoin.

[romero121]

Facebook has marked its entry into the cryptospace, does that made people go for the Facebook's libra leaving bitcoin. No, people intent to try it out apart from bitcoin. Same is the reality with Google, they always try to cope with the needs of the people. The end result is in the hands of common public who are the end users. This clearly shows there is nothing as a threat to the bitcoin network. Anything that has been taken forward by leaders in technology industry seems to a competence to be leader in the market.

[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 

True, I also believe that Google will sooner or later use blockchain technology in their systems.  As usual, big companies have the prestige to admit that a product or technology that is not their creation are bad, as if their products are the best. And in the end they will join in using it. Even though Google will launch their product I don't think this is a threat to cryptocurrencies.

they will never launch a quantum computer let alone destroy bitcoin, I even analyze Google is one of the companies that is in this hidden bitcoin project, it is very funny if there is a quantum computer haunting the crypto community

[joshy23]

I think op worrying too much that Google will never be able to threaten bitcoin. the issue about the discovery of a quantum super computer I think also will not affect bitcoin. because until now the quantum super computer doesn't exist yet and also won't be able to break the bitcoin block. and google pay I think is just a payment application so it has nothing to do with cryptocurrency. bitcoin has become a strong coin and has a large capitalization and trading volume. it can't be defeated by something like Google Pay.

Understanding the possibilities bitcoin will exist and not being threatened by this system from google, they have different approaches and for
sure they will not directly compete they will coexist if ever that this plan from google will take place. Crypto will continue to survive despite
of those many price speculations and a lots of volatilities that existed inside the market.

[KrisAlex18]

Why should cripto fail to attract new investors? I mean, Bitcoin doesn't have a marketing campaign behind

Bitcoin does not have marketing campaign? Maybe you forgot that they launched a magazine tackling about bitcoin itself and has readable articles about cryptocurrencies way back 2012. And I think that is the start of people knowing more about bitcoin and cryptocurrency resulting for more promotion.

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 so, plain news and world news has a great impact of bitcoin's price. It isn't positive when we see its price declining for a long time. Bitcoin won't be out for discussion.

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

Google could break it but not now. They are still far away to build the quantum computer, but I think they might not continue it as they cracking bitcoin's equation is also cracking the internet which means everyone is at risk.

[davinchi]

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

This is in no way of threat to me at all, because we all know the main reason why the idea I quantum supremacy was developed, it was solely to discredit the usage of bitcoin and make it hard which you have seen that they have even failed and this is part of the reason I believe that satoshi cannot be a single person but a group of highly intelligent people who thinks fast and would have even thought of all these areas before the bitcoin was released.

With this Google application again, I doubt if there is still going to be anyway for them to succeed in doing what they intend doing with it to make it popular and make bitcoin less popular and attractive. I keep telling people something that as long as there is no cooperation that is willing to create a decentralized project like bitcoin, there is absolutely no way that they can compete with bitcoin.

[Mike Mayor]

I think that google has the potential to be a threat to almost anyone. Think about how much info they collect from us everyday? Some of us like myself even use chrome which probably collects even more info.
Could they abuse this info? Sure they could. Anyone can become a threat it just varies in the level of the threat. As far as crypto goes... Well... I mean they have a lot of research from us, crypto users. Maybe they could use that? Quantum computing is a whole nothing story. I honestly don't have that much understanding about it other than the obvious that people say it can brute force a private key. That's insane and on a whole other level. So no right now I do not believe that google and quantum computing is a threat. At least not yet.

[drachman]

I think that google has the potential to be a threat to almost anyone. Think about how much info they collect from us everyday? Some of us like myself even use chrome which probably collects even more info.
Could they abuse this info? Sure they could. Anyone can become a threat it just varies in the level of the threat. As far as crypto goes... Well... I mean they have a lot of research from us, crypto users. Maybe they could use that? Quantum computing is a whole nothing story. I honestly don't have that much understanding about it other than the obvious that people say it can brute force a private key. That's insane and on a whole other level. So no right now I do not believe that google and quantum computing is a threat. At least not yet.

It is interesting that you understand that at some level Google is a threat to our privacy and yet you are using their browser, they are monitoring everything you do while you are surfing the web and even if you are not doing anything wrong you have a right to retain some of your privacy, in my opinion Google, Facebook and all of those companies have gone too far, but no one wants to stop them because governments are interested in that information too.

[TheUltraElite]

they will never launch a quantum computer let alone destroy bitcoin, I even analyze Google is one of the companies that is in this hidden bitcoin project, it is very funny if there is a quantum computer haunting the crypto community

It was a speculation at one time, which is common among people living in 4walled basements all day and rarely going outside. Like the say, the empty brain is the devil's workshop. Delusional thinking starts and they break people down with these thoughts of holding bitcoin for future. It could also have been a propaganda by the no-coiners at one time and seem to come up from time to time.

Google may very well be using blockchain as a technical instrument but their GPay is what they are more involved in developing. Possible that they hold bitcoin but that may not directly influence.

[daarul50]

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.

those quantum computer and smart checking google pay is indeed have a short term impact to whole bitcoin ecosystem.

in fact the market itself reflected right now , this is a decentralized market where any public sentiments will always be a deadly weapon to drag people down easily. let it flow and as usual it will recovered as time goes by , we have been through these situations before.
nobody know whether google is trying to take down bitcoin on purpose or it is just a technology breakthrough that opposite each other with bitcoin.

accidentally or not. who cares , bitcoin will always find the way out with tons of believers backing it all the time.

[waitforme]

Very reasonable, they can create their own bitcoins by keeping Bitcoin safe. In the long run they will have to develop one of their currencies. If they exploit all the bitcoins in the market and sell them, the liquidity will be zero. They will not be foolish to destroy this market. There are many people who own bitcoin and the majority are their customers and partners.

[TheUltraElite]

Very reasonable, they can create their own bitcoins by keeping Bitcoin safe.

Unlikely to happen. The mining procedure making anybody trying to mint their own coins useless. The quantum computing was another scare tactic, nothing more.

In the long run they will have to develop one of their currencies. If they exploit all the bitcoins in the market and sell them, the liquidity will be zero. They will not be foolish to destroy this market. There are many people who own bitcoin and the majority are their customers and partners.

Seriously speaking, a tech company like Google would never go into that direction. They are nonethical enough to save your data but ethical enough to not sell it, similarly their owners are rich enough to not make any attempt to ruin the market. They have much better uses of quantum computing than to attempt to destroy something which has a good use.

However they may create their own altcoin and promote its usage for paying, maybe google pay use?

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[crwth]

I don't understand what you are trying to say with how it could affect the cryptocurrency industry. Breaking the actual cryptographic process would stop Bitcoin or any related blockchain technology, but right now, I doubt it's near completion or could be completed. I doubt it would be useful to support a company instead of using Bitcoin itself. Adoption would be the critical thing that Google could do, and I hope they consider using Bitcoin instead of threatening Bitcoin itself.

Do you have any resources with regard to the possible threat Google has on Bitcoin?

[bittraffic]

Google will always be used to make the price of BTC to drop, they will run out soon when this quantum computing  series of fud they did will not affect. I doubt this quantum computer is even real and it will not even crack mathematical equation to mine millions of BTC. And if it can, the team can just do something to prevent it from happening that will make it harder that eventually make the price go up instead because of the difficulty.