Now, considering all of these things and the very big potential of this Facebook project called as GlobalCoin, do you think that soon we can see Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency? Or you think that this should be treated just like a normal (though it is very big) project which might also go wrong if the market will not be responding positively? What is your opinion with the foray of Mark into cryptocurrency and will Globalcoin one day be a rival to that of Bitcoin?
Mark Zuckerberg and facebook are not known for the best of user privacy and i am not sure what they are planning to do with the coin, until there is a working model or a prototype or a white paper regarding the details, i will not trust them in any way possible, what ever coin anyone can come up with, no one can rival bitcoin, all these coins are just replica of bitcoin and just claiming to better, time and market will dictate their fate.