Quote from: TheGreatPython on Today at 09:45:46 AM

Quote from: paxmao on February 27, 2021, 11:14:01 PM

The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties.

Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should.

The original Blockchain is decentralized, and if it’s all about decentralization, then there is no way that they can be competing with each, unless they are going to be creating their own Blockchain, that’s where the competition starts. Take for example: Facebook creates their own Blockchain for other companies to make use of and it becomes big, they might start playing the same game like Apple is doing now.

Or maybe Google and Microsoft creates their own Blockchains, it’s going to also be a competition just as their search engines are a competition between the two. That’s the only way I know they will compete when it comes to Blockchain.

Honestly, people does really have different approach when it comes to that word Blockchain without even thinking on what it is and once it had been mentioned out and then making out those non relevant sentiments
without being able to compare on whats the truth about the difference among those things.Competition would really be there and its up to those companies neither they would be accepting existing blockchain technology
or would simply create their own so that they would make some integration and would be totally independent and as mentioned where this could really be the start of the competition.
Blockchain is indeed decentralized or simply anything can be seen on a public ledger and that what makes great.