RE: Network Effects - The Key to Unlocking 1000x Returns | Q&A #14 ft Cedric Dahl

[swpnl7]

Which coin will be the one to be adopted by big tech giants (Apple, Amazon, Alibaba, Google...) or will they create their own?

Companies like Google, Apple will likely to adopt a coin which has a strong technology behind it. Its in nature of Google to buy or adopt startups which have huge potential like youtube , Twitch etc. Because creating thier own crypto will not be as much beneficial as adopting one.
When it comes to Amazon, they will try to make their own cryptocurrency because crypto more like to be successful when they are used in transactions for paying bills in crypto for which Amazon is the perfect platform.

Fact:-

1. Amazon already owns the "amazonbitcoin.com" domain name, according to Coindesk.
2. Amazon has registered three new cryptocurrency-related domains, according to trade publication DomainNameWire.
   The domains are amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com.
   Please correct me if I am wrong. ( & I am wrong almost everytime ;-p)

Comments

[budz82]

Amazon is soon going to...

1. create the world largest cryptocurrency exchange
2. they will create a token via an ICO to be used on the exchange (similar to Binance)
3. they will use this exchange as one of the largest (if not the largest) lightning network hubs
4. they will also allow some of the major cryptos such as BTC and LTC as payment on their main platform
5. they will become an even larger financial powerhouse in the world due to these things

[nrad]

I think Alibaba will be much larger than Amazon soon

[tzunder]

That's probably a protective measure

[octavianfeodot]

Yes I also think this is sort of protetive measure so people won't get scammed by any future ICOs with these names, but the chance they will create their own ICOs is really big.

They are probably working on it for a long time right now but we don't know anything about it yet haha

[vtce]

Amazon has the platform to launch their own coin. I think they are still on the fence due to scalability. That's probably the reason they won't adopt bitcoin or ethereum payments yet. The transaction fees are high and the transaction time is also long. Amazon are looking at other technologies that process transactions faster and ones that have the most utility to benefit their business model.