Arden
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I have no doubt. But take it to the next level: Company scrip - Wikipedia.
Amazon only pays its employees in Bezocoin or whatever, which is only redeemable at Amazon.
Bitcoins/Litecoins/Virtual Currencies
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I have no doubt. But take it to the next level: Company scrip - Wikipedia.
Amazon only pays its employees in Bezocoin or whatever, which is only redeemable at Amazon.
Arden
Blackwing Lair Raider
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I don't see why they wouldn't come out with their own coin tbh. There really wouldn't be anything stopping them from coming up with something similar to the VET/VTHO dual coin.
Edit: Don't get me wrong, I'd much rather they just adopt VET so I can retire... but I doubt that will happen.
James
Ahn'Qiraj Raider
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I just don't see it, not for a long time anyway. A token for gift cards is absolutely something I would expect, but currencies are a lot more involved than that -- e.g. VET/VTHO is supply chain management, and I sincerely doubt Amazon is announcing a similarly scoped blockchain project anytime soon.
EDIT: I mean, think about it, why would Amazon step on the Fed's/JP Morgan's toes?
EDIT: I mean, think about it, why would Amazon step on the Fed's/JP Morgan's toes?
James
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I don't think they need to do anything with their current supply chain infrastructure. It's the gold standard in digital logistics.
Arden
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You might be right. But I don't think Amazon gives a fuck whose toes they step on. And they have the resources to make a coin or token (or whatever else they wanted) happen very quickly if they wanted to. But if they are just now getting around to the first steps of hiring a crypto team, it will be at least a couple years until they can truly enter the space. I have a feeling the "details" the rumor got wrong was 2021/2022 timeline part.
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Because they consider themselves bigger than the Fed or JPM. This would let them establish their own economy essentially. As for the VET/VTHO comparisons. Amazon is already a logistics company, it would make sense for them to have a blockchain for that use alone, then extend it into a currency.
Arden
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Amazon definitely has problems with it's supply chain infrastructure. Especially when it comes to the fake/counterfeit goods angle. There are a lot of articles out there on the subject so I won't go hunting, but here's just one of them: Welcome to the Era of Fake Products
Ironically combating fake/counterfeit goods is exactly what blockchain tech would be great at. That's actually one of the reasons that Sunny Lu (VeChain CEO) got into crypto in the first place. He was the CIO of Louis Vuitton Greater China and realized the potential of blockchain for combatting counterfeit luxury goods etc.
Jive Turkey
Karen
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James
Ahn'Qiraj Raider
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I don't think any of those problems are actual problems that can't be solved with their current system design, and I think those same exact problems would surface in any decentralized blockchain application -- Proof of Authority attempts to circumvent the permissioned transactions necessary for supply chain management by delegating it to trusted authorities, which means it's a fundamentally centralized and vulnerable design. There is a lot of work that needs to be done on the physical IoT side of things before we're anywhere near blockchain supply management imo.
No doubt such an attitude also sees the US economy as essentially their own, then, and it's hard to imagine Bezos and co not loving the shit out of the current system.
Sanrith Descartes
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Arden
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It's a stupid thing to say, but no great surprise coming from the Chair of the Senate Banking Committee
swayze22
Elite
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He also got his BA in Russian Studies from Yale LOL.
The dems hate the middle class
Senator Warren Urges ‘Coordinated and Holistic’ Response to ‘Dangers’ of Crypto
In her letter to Treasury Secretary Janet Yellen, Warren cited DeFi, crypto-enabled cyber attacks and unique threats posed by stablecoins as risks to the financial system.
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Arden
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I mean, it goes without saying, but:
1. Plenty of things already put Americans' money at risk, from the stock market, to inflation, to government mismanagement, to Las Vegas.
And
2. Americans have every right in the world to be allowed to risk their money however they feel.
1. Plenty of things already put Americans' money at risk, from the stock market, to inflation, to government mismanagement, to Las Vegas.
And
2. Americans have every right in the world to be allowed to risk their money however they feel.
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Tmac
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Sanrith Descartes
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swayze22
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I can't speak for the market as a whole, but Truebit has been VERY active the last few days and nearly hit $.36 earlier today. Pretty nice for my liquidity pooling.
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