Apple, Google, Yahoo, etc.

[jubalix]

It seems likely Apple, Google and Yahoo have done their sums/due diligence and realised there is nothing they can launch that can compete with BTC. Why?  essentially BTC tech forces you to relinquish control if you are to be trusted. This is antithetical to old corporations system, where State prescribed corporations redistribute profits to shareholders for good organization of capital (not inherently wrong, just not as efficient as it could be). The DAC/BTC model cuts out a lot of the centralized corp structure and lets people join ad hoc or leave. Imagine for a moment that to make money Apple had to give its patents away.

Even if they built a hash farm to take over all they would have is a worthless coins as every forks or uses an algo resistant to their farms tech.


It's the nature of the break though of the byzantie generals problem that basically makes old style 19th/20th centry corps model reduced. This becomes even more compelling with the multisig for contracts etc.

[nxtbabybaby]

DAC/DAPPs/DAS all the way.
Will improve transparency if they choose to use any specific chain to register transations and code them effectively.

It seems likely Apple, Google and Yahoo have done their sums/due diligence and realised there is nothing they can launch that can compete with BTC. Why?  essentially BTC tech forces you to relinquish control if you are to be trusted. This is antithetical to old corporations system, where State prescribed corporations redistribute profits to shareholders for good organization of capital (not inherently wrong, just not as efficient as it could be). The DAC/BTC model cuts out a lot of the centralized corp structure and lets people join ad hoc or leave. Imagine for a moment that to make money Apple had to give its patents away.

Even if they built a hash farm to take over all they would have is a worthless coins as every forks or uses an algo resistant to their farms tech.


It's the nature of the break though of the byzantie generals problem that basically makes old style 19th/20th centry corps model reduced. This becomes even more compelling with the multisig for contracts etc.

[TrailingComet]

Bitcoin plus Teslas excision to throw open its patent base is over time gonna put pressure on the big boys to reimagine their command and control business models

[rext]

don't encourage them lol

[Bit_Happy]

Apple & Google (also Facebook) are still a major threat, even if they simply launch their own alt coin. Look at how quickly Chrome browser (for example) went from ~2% market share to much bigger numbers. Yahoo is fighting hard to remain a top site, perhaps they could create a buzz by integrating BTC usage throughout their "empire".

[r3wt]

Apple & Google (also Facebook) are still a major threat, even if they simply launch their own alt coin. Look at how quickly Chrome browser (for example) went from ~2% market share to much bigger numbers. Yahoo is fighting hard to remain a top site, perhaps they could create a buzz by integrating BTC usage throughout their "empire".

Yahoo is far from irrelevant, as they acquired peercdn and patented their next generation peer2peer cdn technology.

[zimmah]

don't encourage them lol

They aren't completely stupid you know? They won't create their own coin because they realize no one wants centralized Altcoins. Each dollar spend and each hour used to create googlecoin/applecoin/yahoocoin is a dollar or hour wasted. They know that. They will not waste resources on that.

[devphp]

They aren't completely stupid you know? They won't create their own coin because they realize no one wants centralized Altcoins. Each dollar spend and each hour used to create googlecoin/applecoin/yahoocoin is a dollar or hour wasted. They know that. They will not waste resources on that.

They can issue PoS coins and exchange them for their own shares, that will quickly make their coin widespread enough to compete with others (not centralized), and then it all gains a network effect because they can target millions of users quickly. Not sure if they would be allowed to do it for political reasons, but economically and strategically they can gain a large share of crypto market with their resources within a short time if they would like to.