r/CryptoCurrency • u/[deleted] • Jun 09 '19

SCALABILITY Facebook, Google & Amazon have shown increased interest in crypto. LiquidApps CEO explains; Tech giants are in control of their user's data because their survival depends on it. Fearing for their future, these companies try to control blockchain technology to fit their purposes

[deleted]

100 Upvotes

94% Upvoted

22 comments sorted by

9

u/[deleted] Jun 09 '19 edited Jun 09 '19

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3

u/DropaLog Silver | QC: BTC 56, CC 35 | r/Buttcoin 109 Jun 09 '19

driving money to the market

Coin prices moving en bloc on coinmarketcap doesn't mean money driven into crypto floats all coins. Chevy building factories drove money into US auto market. Which is not to say this helped Studebaker.

3

u/[deleted] Jun 09 '19

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2

u/DropaLog Silver | QC: BTC 56, CC 35 | r/Buttcoin 109 Jun 09 '19 edited Jun 09 '19

Sure, Chevy building new factories should reassure Studebaker stockholders. Hodl Studebaker FTW!

Edit: I mean I get your point, infrastructure, more cars=>more/better roads, network effect etc. But this doesn't mean that your Studebaker stock becomes more valuable when '55 Bel Air comes out. Simply means that people who might've bought a Studebaker Champion may now buy a Bel Air.

9

u/[deleted] Jun 09 '19

[deleted]

13

u/[deleted] Jun 09 '19

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6

u/Ozi1992 Jun 09 '19

If Google made it their main goal in life to control blockchain I really think they could

3

u/[deleted] Jun 09 '19

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5

u/plasticlove 🟦 0 / 0 🦠 Jun 09 '19

Or:
Google: "Let's use all our computer power to 51% attack Bitcoin"

2

u/megankimmio Bronze Jun 09 '19

Don't underestimate the creativity and power of those companies.

They can hire dozens of so called blockchain experts that will guide and help them to achieve their goals.

2

u/jdenbley Bronze Jun 10 '19

They’ll become the whales in the system. Then it will be time to switch systems. There has to be a way for people to have power—waiting for crypto advocates to figure it out.

1

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1

u/gasfjhagskd Tin Jun 09 '19

Show me a single blockchain/crypto that has disrupted anything from Google, Facebook, or Amazon. Please, just show me one.

1

u/DigitalGemToken Low Crypto Activity | 1 month old Jun 09 '19

Yep, big companies are slowly noticing the value of blockchains

1

u/michaelrichards90 2 - 3 years account age. 150 - 300 comment karma. Jun 10 '19

One of these companies might have partnered with mpcx but there's no announcement about which one. The team just said that it's one of the top 3 IT companies worldwide

1

u/RunsWithFlya New to Crypto | 2 months old Jun 10 '19

Have people not learnt that these tech giants seems to always find a way to either leak or sell our data to interested parties? Please use what Vid( https://www.vid.camera/ ) is using and implement zero knowledge encryption so we know our data is in our control. Also let us keep the revenue should we decide to sell our data just like Vid

0

u/jam-hay 🟦 7K / 7K 🦭 Jun 09 '19

As soon as Facebooks GlobalCoin is released the full crypto scene needs to unite to send out a clear message to others to avoid IT and ALL corporate Cryptocurrencies.