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.
Same perceptions too where Libra didnt tend to beat out Bitcoin yet they are totally different from each other and the main thing here is that they do joined up with the crypto craze bandwagon since they know that they can make even more money since they do have one of the biggest network when it comes to social media.Introducing Libra or their own coin wont really be a problem and as a user of Facebook you will eventually got curious regarding on this matter.In fact this is also a good side marketing of Bitcoin because there are really some curious minds will think aside and seek out on crypto origin which would lead up to bitcoin.