Post
Topic
Board Altcoin Discussion
Re: Is Facebook and JP Morgan's new coins bad for Cryptocurrencies?
by
funchiestz
on 18/06/2019, 10:29:30 UTC

"With banking institutions investigating digital coins that could one day find consumer use, we might be losing the highly important decentralised and trustless nature currently attributed to cryptocurrencies. The same applies for large-scale corporations such as Facebook, people would be trusting a company responsible for the grossly dishonest Cambridge Analytica Scandal whose CEO described his trusting users as “dumb f**ks”, with vast amounts of payment data."

Read an interesting article linked below, curious to hear everyone's opinions on how the industry is unfolding?

https://medium.com/@marcus_61942/decentralised-cryptocurrencies-vs-digital-currencies-3811e36cc94f?postPublishedType=initial

Facebook's Globalcoin doesn't seem like real cryptocurrencies. Globalcoin is more like a loyalty program benefit. As far as I can see, it hasn't really convinced the market experts yet. Even Roubini, says it is not real cryptocurrency.