What about Maker Dai Stable coin? Polychain Capital which in my humble opinion is one of the best Crypto funds out there took a large stake in Maker last year. The Dai has been trading right at $1 since since launched in January. Dai is tether decentralized and 100% math based, proven reserves.
I've read a lot about Telegram's TON and if it hasn't been stopped yet because I haven't read about it in a couple months, it should set the standard for western chat coins. It would not be stable like what Cedric describes, but it would probably incentivise other platforms such as Facebook, Google and Apple to look into these technologies for their social platforms as a medium of exchange.
I read that Zuckerberg has been looking into this too, but I have not read anything about Apple or Google doing it (though I assume they do have teams researching and developing into this possibility at the moment).
I find this to be quite a fascinating topic because cryptocurrencies are bound to expand as time goes. This technology is so revolutionary and solves so many day-to-day needs that it's just like internet, canned food, paper, automatic cars. You might not need it right now super specifically and might be able to do without, but with it, everything would be just so much easier if many people had it, so these tokenisations might bring it to the common eye and prove that they're feasible.
I wouldn't probably agree with most of them if they're as centralised as I think they'll be, but I'm up for reviewing them when they come. :)
A true decentralized stable coin would trade right at $1 at all times and be backed be decentralized collateral, provable math based system. The only one I know of is Dai. Even if the value of ETH dropped past 90% in a flash it would still survive and trade right at $1 since the economics behind it make this way. You can see here it tracks the dollar near perfectly - https://coinmarketcap.com/currencies/dai/
The idea of leveling the playing field with giants like google is one of the could be a big motivator for the competition. Once the idea of data collection is incentivized for the masses, this has the potential to start a new small industry itself
I have already heard such a things as Facewhat or twitter creating its own cryptocurency. Your friend is right. At this moment google is the dominant giant including AI, self driving-cars...That’s completely possible for google to compensate people not getting anything for their information in a way baboon f perhaps upvotes or their own cryptocurency. Competition will force these giant companies to figure something out.
Fat Crypto Vell has said before, Ananya will be accepted by big technicians (Apple, Amazon, Alibaba, Google ...), then they will create themselves and I think they like their own currency quantities.
Decentralization is kinda complex but easy to understand, getting to understand this concept, then one can definitely make own coin. I think steem and I hope steem
If they ran on steem, that will be awesome, but i think they will want to create a crypto on top of a blockchain like EOS, or better still make theirs as it will enable them acquire more profit more than being on an existing crypto. I think they will want to take opportunity of the early adoption and create their own
Facebook would need to decentralize to pull off their own token so I see it highly unlikely its going to happen. I mean let's think about it for a sec... they'd need to pull their shares off the Nasdaq, then tokenize it on a blockchain. The same types of questions were asked in the dot.com boom. Why didn't Blockbuster just start shutting down there stores and start digitizing the movie industry like Netflix did? They could easily crushed them in the early 2000's. In real life its not so easy to change your entire business model. Facebook in order to compete with Blockchain startups like Steem and the Steem ever expanding apps would need to change their entire business model from being ad based revenue to FB coin the "utility token". Its not going happen. The best they could do is create some type of FB coins rewards system but this puts them in direct conflict with there advertisers. Facebook will forever be relying on data mining to make $$$, whereas in the blockchain world we don't need any advertisers to have a super valued community own our own.
Thanks for this enlightenment, Facebooks business model is built on an entirely different structure, same goes for all these other multinationals like Apple etc, which leaves no room for adoption of cryptocurrencies, however, they might come up under a different name, if at all
Indeed. I believe unless they completely change there entire business model it will be impossible to integrate Crypto successfully. FB is acting just like the banks. We like blockchain just not Bitcoin or the Crypto currency. As veterans already know in this space you can't have a blockchain without the Crypto. What makes the blockchain so powerful is the open accessible nature of it. Crypto is for everyone not like the legacy closed and controlled financial systems we have today.
At this moment, Bloomberg has launched a cryptocurrency index in conjunction with Galaxy Digital Capital Management, a digital assets merchant bank headed by billionaire ex-hedge fund manager Michael Novogratz.
I might be wrong but this has the probability to lead the trend of these other multinationals adopting their own crypto as well
everyone is gonna create their own cryptocurrency as it has got a bright future and everyone will prefer this only as there is no transaction charges and tax for crypto 😊
Fat Crypto Whale says "Which coin will probably be the one to be adopted by big tech gians (Apple, Amazon, Alibaba, Google...) or will they create their own?
I think all of them will prefer their own coins rather than investing in any other coins.
I think it's a matter of time for big companies to enter the world of cryptocurrencies since they are becoming popular. But in reality they are taking part of their market, so they will try to create centralized cryptocurrencies that allow them to maintain their control and power.
Probably will not.. I hear reddit just announced they will implement BTC, ETH and LTC into their platform for user payments. But reddit is different than say facespace.. I think they'll try to use the established crypto first and maybe later migrate to their own version.
Why would ANY centralized company (Amazon, Google, Facebook, etc) create a decentralized currency? What possible benefits would it have?
If they did do this, it'd be extremely/entirely premined anyway. Google has the resources to keep their coin's blockchain honest without the need for a peer to peer network.
Remember: Bitcoin was created as a trustless (you don't need to trust the other party), decentralized (there's no trust so there's no point of failure) currency.
A corporation's coin would be centralized and require trust.
"A corporation's coin would be centralized and require trust."
Which is precisely why a significant portion of the crypto community will shun it, but I'm sure they will be plenty of Google shareholders and fans that would love the idea and would use a Googlecoin.
I read a story this morning about Facebook starting their own blockchain, so yes once those biggies realise crypto is the future they will definitely want a piece of it
If google, facebook, amazon or alibaba don't create their own cryptocurrencies then i think they are no longer stand as the leader. Steemit has already created his own cryptocurrency as people have a lot of interest to invest here and they don't like to waste their valuable times in others social platform. My thoughts very soon steemit will be the leader of social network. As a steemit member i'm really proud of steemit.
I had read some of the investment that wanted to make facebook, talked about deepening and evaluating the negative and positive aspects of cryptocurrencies, the person in charge of that project is David Marcus.
Now my opinion is that if larger companies invest more people out of curiosity they will enter the game because of the trust they generate, the detail of this is that they will want to centralize them in order to control them in anyway.
No one can away from the addiction of decentralization & blockchain . I dont want to say about which will adopt or not but i strongly if any giant missed the train he would not be giant . Thanks for your attempt.
Like always learnt a lot from your valuable thoughts.
All the big "playas" in the tech space are used to "walled gardens" and "capturing an audience". I do not think that their business models would fit well in a decentralised crypto ecosystem and their company cultures are generally anti crypto and anti decentralisation as the crypto advert bans prove. IMHO they will either be dragged kicking and screaming into a crypto economy or be at least partially disinter-mediated by it. Established corporate social networks are at particular risk from the advent of open source, decentralised social media.
its so great news that of Amazon, Google, Facebook are connecting
with cryptocurrency,,its for raising their money ...
i agreed crypto analysis...crypto will lead the world in future
Big Technicians (Apple, Amazon, Alibaba, Google Google, Facebook Company) will create decent, decent monetary currency, and they think that their own currency is good enough to earn money.
I really respect this breakdown of cryptocurrencies, I have done a similar breakdown but from a slightly more humour based point of view, please feel free to read it, and laugh :-)
Guys, if you want to have a look and get some information in a good ICO that will start by the end of the month, I can suggest you RAWG.
The ICO site is this one: https://token.rawg.io/.
It's a video game discovery platform that converts your skills into goods and services.
You can earn tokens by playing your favorite games. The site is already working, with more than 50,000 games in the database and new games are getting added every day. This is the site: https://rawg.io/
Incumbents already have something like crypto - loyalty points, air miles, amazon credit. They can convert them to crypto but probably still useless for the consumer. It may make sense for companies as they get cash first for services they provide later like a starbucks card. But tech companies dont need to worry about negative working capital cycles.
Very well said @louisthomas
Cryptocurrencies are new to the world and the amazing concept behind it is liked by everyone. Every company is thinking about launching there own coin. And it is not easy to make a coin too.
Well I have also heard that soon social media and platforms like reddit is also going to take a step ahead and include bitcoin and others as a way of payment.
I believe this change here is going to help a lot of people and I think it is good. Now is the time for the governments to accept the crypto.
The way the crypto and block chain concept is gaining people attraction. It's a big chance that the big giants like google facebook also launched their own crypto currency for their survival.
Some can create them, others will implement it and a few will be against, we are only at the beginning, as you say we have examples to investigate and although it's cloudy we can see some light.
steemit has made social media platforms like Facebook, Twitter, and others threatened. this is thanks to the excess steemit that combines social media platform with cryptocurrency.
I am very confident that the world of Facebook, Twitter and others will soon be quiet, if their media platform is not in cryptocurrency. and surely the social media boss's boss would never have fired up their platform. because of embarrassment, ashamed to lick his own saliva.
A few years ago, I was one of the victims of facebook application uselessness. Facebook has made many people opium, but opium on facebook just a waste of time and energy alone. Because facebook does not give us or appreciate our work in writing there.
Now I am sick of hearing the name of facebook. And I will continue to demand all my friends to leave facebook and immediately open a steemit account.
I do this because facebook has destroyed many of the ideas of many of its players, who always write and post nice photos to pursue some "like" for the sake of a popular sensation that is just a vain imagination.
This is really outrageous, facebook should be immediately removed to the roots. If I find my friends playing facebook, I will pat their head and say "We are smart people, do not be fooled by facebook.If you want to feel the sensation of 'like' real, you can try steemit.Smemit is the future and facebook is the period stupid".
I will continue to fight to combat stupidity by facebook.
Steemit is the future we should promote.
Thank you @louisthomas for sharing good information in steemit
I always pray that social media that do not have cryptocurrency program is immediately abandoned by the user. because social media like that, just take unilateral advantage for their own. they never think of users who have raised their name.
blocking social media platforms with no cryptocurrency.
This is a great question, questioned a lot lately. I think they will attack platforms like Steemit, and I believe they are already doing it, but with small attacks, just because they are not feeling threatened yet. But when Steemit and other crypto-based platforms grow bigger, I think that FB will attack.
If not, they will make their crypto! It is the only way, except attacikng, that they can aontinue to be BIG...
What about Maker Dai Stable coin? Polychain Capital which in my humble opinion is one of the best Crypto funds out there took a large stake in Maker last year. The Dai has been trading right at $1 since since launched in January. Dai is tether decentralized and 100% math based, proven reserves.
I've read a lot about Telegram's TON and if it hasn't been stopped yet because I haven't read about it in a couple months, it should set the standard for western chat coins. It would not be stable like what Cedric describes, but it would probably incentivise other platforms such as Facebook, Google and Apple to look into these technologies for their social platforms as a medium of exchange.
I read that Zuckerberg has been looking into this too, but I have not read anything about Apple or Google doing it (though I assume they do have teams researching and developing into this possibility at the moment).
I find this to be quite a fascinating topic because cryptocurrencies are bound to expand as time goes. This technology is so revolutionary and solves so many day-to-day needs that it's just like internet, canned food, paper, automatic cars. You might not need it right now super specifically and might be able to do without, but with it, everything would be just so much easier if many people had it, so these tokenisations might bring it to the common eye and prove that they're feasible.
I wouldn't probably agree with most of them if they're as centralised as I think they'll be, but I'm up for reviewing them when they come. :)
A true decentralized stable coin would trade right at $1 at all times and be backed be decentralized collateral, provable math based system. The only one I know of is Dai. Even if the value of ETH dropped past 90% in a flash it would still survive and trade right at $1 since the economics behind it make this way. You can see here it tracks the dollar near perfectly - https://coinmarketcap.com/currencies/dai/
The idea of leveling the playing field with giants like google is one of the could be a big motivator for the competition. Once the idea of data collection is incentivized for the masses, this has the potential to start a new small industry itself
I have already heard such a things as Facewhat or twitter creating its own cryptocurency. Your friend is right. At this moment google is the dominant giant including AI, self driving-cars...That’s completely possible for google to compensate people not getting anything for their information in a way baboon f perhaps upvotes or their own cryptocurency. Competition will force these giant companies to figure something out.
Fat Crypto Vell has said before, Ananya will be accepted by big technicians (Apple, Amazon, Alibaba, Google ...), then they will create themselves and I think they like their own currency quantities.
Decentralization is kinda complex but easy to understand, getting to understand this concept, then one can definitely make own coin. I think steem and I hope steem
If they ran on steem, that will be awesome, but i think they will want to create a crypto on top of a blockchain like EOS, or better still make theirs as it will enable them acquire more profit more than being on an existing crypto. I think they will want to take opportunity of the early adoption and create their own
Facebook would need to decentralize to pull off their own token so I see it highly unlikely its going to happen. I mean let's think about it for a sec... they'd need to pull their shares off the Nasdaq, then tokenize it on a blockchain. The same types of questions were asked in the dot.com boom. Why didn't Blockbuster just start shutting down there stores and start digitizing the movie industry like Netflix did? They could easily crushed them in the early 2000's. In real life its not so easy to change your entire business model. Facebook in order to compete with Blockchain startups like Steem and the Steem ever expanding apps would need to change their entire business model from being ad based revenue to FB coin the "utility token". Its not going happen. The best they could do is create some type of FB coins rewards system but this puts them in direct conflict with there advertisers. Facebook will forever be relying on data mining to make $$$, whereas in the blockchain world we don't need any advertisers to have a super valued community own our own.
Thanks for this enlightenment, Facebooks business model is built on an entirely different structure, same goes for all these other multinationals like Apple etc, which leaves no room for adoption of cryptocurrencies, however, they might come up under a different name, if at all
Indeed. I believe unless they completely change there entire business model it will be impossible to integrate Crypto successfully. FB is acting just like the banks. We like blockchain just not Bitcoin or the Crypto currency. As veterans already know in this space you can't have a blockchain without the Crypto. What makes the blockchain so powerful is the open accessible nature of it. Crypto is for everyone not like the legacy closed and controlled financial systems we have today.
At this moment, Bloomberg has launched a cryptocurrency index in conjunction with Galaxy Digital Capital Management, a digital assets merchant bank headed by billionaire ex-hedge fund manager Michael Novogratz.
I might be wrong but this has the probability to lead the trend of these other multinationals adopting their own crypto as well
You can check here for more info
https://www.coindesk.com/bloomberg-partners-with-novogratz-to-launch-crypto-index/
everyone is gonna create their own cryptocurrency as it has got a bright future and everyone will prefer this only as there is no transaction charges and tax for crypto 😊
Fat Crypto Whale says "Which coin will probably be the one to be adopted by big tech gians (Apple, Amazon, Alibaba, Google...) or will they create their own?
I think all of them will prefer their own coins rather than investing in any other coins.
I think it's a matter of time for big companies to enter the world of cryptocurrencies since they are becoming popular. But in reality they are taking part of their market, so they will try to create centralized cryptocurrencies that allow them to maintain their control and power.
Probably will not.. I hear reddit just announced they will implement BTC, ETH and LTC into their platform for user payments. But reddit is different than say facespace.. I think they'll try to use the established crypto first and maybe later migrate to their own version.
Why would ANY centralized company (Amazon, Google, Facebook, etc) create a decentralized currency? What possible benefits would it have?
If they did do this, it'd be extremely/entirely premined anyway. Google has the resources to keep their coin's blockchain honest without the need for a peer to peer network.
Remember: Bitcoin was created as a trustless (you don't need to trust the other party), decentralized (there's no trust so there's no point of failure) currency.
A corporation's coin would be centralized and require trust.
Which is precisely why a significant portion of the crypto community will shun it, but I'm sure they will be plenty of Google shareholders and fans that would love the idea and would use a Googlecoin.
Only a matter of time in my opinion.
I rather think there will make there own , more money for them @louisthomas
I read a story this morning about Facebook starting their own blockchain, so yes once those biggies realise crypto is the future they will definitely want a piece of it
If google, facebook, amazon or alibaba don't create their own cryptocurrencies then i think they are no longer stand as the leader. Steemit has already created his own cryptocurrency as people have a lot of interest to invest here and they don't like to waste their valuable times in others social platform. My thoughts very soon steemit will be the leader of social network. As a steemit member i'm really proud of steemit.
I had read some of the investment that wanted to make facebook, talked about deepening and evaluating the negative and positive aspects of cryptocurrencies, the person in charge of that project is David Marcus.
Now my opinion is that if larger companies invest more people out of curiosity they will enter the game because of the trust they generate, the detail of this is that they will want to centralize them in order to control them in anyway.
No one can away from the addiction of decentralization & blockchain . I dont want to say about which will adopt or not but i strongly if any giant missed the train he would not be giant . Thanks for your attempt.
Like always learnt a lot from your valuable thoughts.
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
I have a reason to believe that they will. However, they will attempt to make it centralized to maintain control of it.
All the big "playas" in the tech space are used to "walled gardens" and "capturing an audience". I do not think that their business models would fit well in a decentralised crypto ecosystem and their company cultures are generally anti crypto and anti decentralisation as the crypto advert bans prove. IMHO they will either be dragged kicking and screaming into a crypto economy or be at least partially disinter-mediated by it. Established corporate social networks are at particular risk from the advent of open source, decentralised social media.
I surely believe they can go any length if they want to
The process is expected to be successful and the price will rise very quickly
I must invest in it. I trust you so much, my dear
they will prefer something own
they will come up with something new
its so great news that of Amazon, Google, Facebook are connecting
with cryptocurrency,,its for raising their money ...
i agreed crypto analysis...crypto will lead the world in future
I think you are on right way, if any organization want to show his power in the world, they must be introduce there self in cryptologist.
Big Technicians (Apple, Amazon, Alibaba, Google Google, Facebook Company) will create decent, decent monetary currency, and they think that their own currency is good enough to earn money.
Facebook is truly the world's number one communication system, so everyone uses Facebook's communication system.
Great video . I was very glad to see this video . I hope to see a better video. @louisthomas
I really respect this breakdown of cryptocurrencies, I have done a similar breakdown but from a slightly more humour based point of view, please feel free to read it, and laugh :-)
https://steemit.com/funny/@georgemason/the-number-1-reason-you-aren-t-getting-rich-from-bitcoin
Upvoted :-)
Guys, if you want to have a look and get some information in a good ICO that will start by the end of the month, I can suggest you RAWG.
The ICO site is this one: https://token.rawg.io/.
It's a video game discovery platform that converts your skills into goods and services.
You can earn tokens by playing your favorite games. The site is already working, with more than 50,000 games in the database and new games are getting added every day. This is the site: https://rawg.io/
Quite good looking, don't you think?
Have a look! I hope this information is helpful.
oh ,,i just heared it ,,that
fb in block chain,,its so great that amazone ,google is related
on crypto
Incumbents already have something like crypto - loyalty points, air miles, amazon credit. They can convert them to crypto but probably still useless for the consumer. It may make sense for companies as they get cash first for services they provide later like a starbucks card. But tech companies dont need to worry about negative working capital cycles.
They'll have to start doing that at some point I think.
Very well said @louisthomas
Cryptocurrencies are new to the world and the amazing concept behind it is liked by everyone. Every company is thinking about launching there own coin. And it is not easy to make a coin too.
Well I have also heard that soon social media and platforms like reddit is also going to take a step ahead and include bitcoin and others as a way of payment.
I believe this change here is going to help a lot of people and I think it is good. Now is the time for the governments to accept the crypto.
@louisthomas very good information cryptocurrency my dear friend............
The way the crypto and block chain concept is gaining people attraction. It's a big chance that the big giants like google facebook also launched their own crypto currency for their survival.
Some can create them, others will implement it and a few will be against, we are only at the beginning, as you say we have examples to investigate and although it's cloudy we can see some light.
steemit has made social media platforms like Facebook, Twitter, and others threatened. this is thanks to the excess steemit that combines social media platform with cryptocurrency.
I am very confident that the world of Facebook, Twitter and others will soon be quiet, if their media platform is not in cryptocurrency. and surely the social media boss's boss would never have fired up their platform. because of embarrassment, ashamed to lick his own saliva.
Thank you @louisthomas for sharing in steemit
A few years ago, I was one of the victims of facebook application uselessness. Facebook has made many people opium, but opium on facebook just a waste of time and energy alone. Because facebook does not give us or appreciate our work in writing there.
Now I am sick of hearing the name of facebook. And I will continue to demand all my friends to leave facebook and immediately open a steemit account.
I do this because facebook has destroyed many of the ideas of many of its players, who always write and post nice photos to pursue some "like" for the sake of a popular sensation that is just a vain imagination.
This is really outrageous, facebook should be immediately removed to the roots. If I find my friends playing facebook, I will pat their head and say "We are smart people, do not be fooled by facebook.If you want to feel the sensation of 'like' real, you can try steemit.Smemit is the future and facebook is the period stupid".
I will continue to fight to combat stupidity by facebook.
Steemit is the future we should promote.
Thank you @louisthomas for sharing good information in steemit
I always pray that social media that do not have cryptocurrency program is immediately abandoned by the user. because social media like that, just take unilateral advantage for their own. they never think of users who have raised their name.
blocking social media platforms with no cryptocurrency.
Thank you @louisthomas for sharing good video
This is a great question, questioned a lot lately. I think they will attack platforms like Steemit, and I believe they are already doing it, but with small attacks, just because they are not feeling threatened yet. But when Steemit and other crypto-based platforms grow bigger, I think that FB will attack.
If not, they will make their crypto! It is the only way, except attacikng, that they can aontinue to be BIG...