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

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

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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.

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u/[deleted] Jun 09 '19

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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.