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 .
How can you say that they are
trusted social media giant?
https://www.usatoday.com/story/money/2019/07/15/facebook-fined-5-billion-ftc-cambridge-analytica/39687137/They are not in the intention to defeat bitcoin here, they are joining because they know that there are a lot of money to be made here. Crypto is slowly going mainstream, and with their huge funding, they find this as a business opportunity rather than to become a bitcoin competitor. And besides the major difference is that Libra is fully centralise.