you can't call something "bitcoin rival" and then keep contradicting what you said in almost every sentence!
... payment system that Facebook is planning to ...
so it is created by a company and is controlled by a company! similar to PayPal! so it is centralized and so it can not even be compared with bitcoin!
(well maybe except China, Russia, Iran, North Korea and nations USA is not doing business with)
in other words it is censorable and not global while bitcoin is censorship resistant and global!
... with regulatory matters ...
another sign of centralization...
... people are getting excited
who exactly are these "people"?
There are objecting that what Facebook is getting into is not decentralized and hence can not even be called as genuine cryptocurrency akin to what we see in Bitcoin, Ethereum and the rest of the gang.
cryptocurrency is a currency that is based on cryptography, it doesn't have to be decentralized. but when a cryptocurrency is centralized you can no longer compare it with bitcoin.
by the way Ethereum is also centralized not as much as a company coin like Facebook coin but still centralized.
Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency?
they are entering a very hyped up market and with their advertising team and their company's popularity they will make a ton of money for sure but they are not entering the cryptocurrency world as we know it, they are just using the opportunity to make millions.
will Globalcoin one day be a rival to that of Bitcoin?
i repeat myself but centralized coins can never compete with bitcoin.