GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?
Share your first impression!
I am not pretty sure why OP says it is a GlobalCoin because for me, bitcoin is still the crypto that unites the world. And yes, it is true that facebook is widely used all over the world, but for me, it is not that promising as it is not decentralized. There's still a third party that will control how this coin will perform in the market. Because It is better for us to have freedom in financial aspect than our transactions being monitored and controlled by a third party.
I'm sure Libra coin will perform great, but it is still upon us how we will treat it when it is already in the market.
yes i agree with you in my opinion bitcoin will still be a better coin compared to libra. because bitcoin is decentralized there is nothing to regulate and control. but I positively welcome the presence of this libra will make people who do not understand cryptocurrency understand because facebook has a number of billions of accounts so it is very effectively used to promote cryptocurrency. this will make the cryptocurrency market more attractive.