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by Aozi 2451 days ago
Well Facebook is pushing out Libra.

Amazon has its own Managed Blockchain for currencies https://aws.amazon.com/managed-blockchain/ as well as a ledger https://aws.amazon.com/qldb/ along with a POW https://cointelegraph.com/news/amazon-patent-casts-light-on-... so I wouldn't exactly be surprised if they push out their own coin.

I don't think Google has made any big moves in crypto. Though if Amazon/FB really start pushing for their own coins I doubt Google wouldn't try something to compete on that market.

2 comments

Ah yeah I didn't put that well. I was more thinking that they will not be big compared to fiat or bitcoin.

They are a bit neither one thing or another. Bitcoin is fully unregulated so you can use it in ways that governments would ban if they could, fiat is pretty much regulated (apart from cash in hand), but Libra etc combine the inconvenience of crypto with being subject to regulation.

Technology is not the same as adoption.

Bitcoin is big because it's adopted and decentralized.

The same fears about Facebook is why their currency will not be trusted. I don't trust Amazon, but I do trust Bitcoin.