GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?
Share your first impression!
with facebook coin disbursement, it will have a positive impact on cryptocurency ... facebook is a trusted social media that has a big influence on cryptocurency ... but if anyone thinks that facebook coin will defeat bitcoin then I will answer that it will never happen and facebook coin will not be able to be done .
Facebook's intention too was never to defeat bitcoin, they are just there to also join in the blockchain industry, every company has the right to shift their base to blockchain if they feel it will make their company better and I think that Facebook has found out that the application of blockchain will make their platform better and continue to make them have an edge over other platform.
I know their cryptocurrency is also going to serve as payment, but I really doubt if their main goal is to make it a global currency, I am suspecting that they only created that coin to be used within their community and government must have felt threatened because they have a very large community base, which may make the coin eventually become like a currency among themselves.