Is Facebook Coin gonna replace bitcoin?

I do not think facebook coin will replace bitcoin, infact there is technically no comparison between fb coin amd bitcoin, bitcoin is the pioneer and premium coin which as more or less become a store of value already while fb coin will be nothing but a local coin and part of fb ecosystem so im clear that there is no competition among these two as they represent completely different categories.

Quote from: lyhue on April 08, 2019, 07:37:08 PM

I wrote an article about what I think of Facebook Coin.

Would love to have comments and feedbacks:

https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93?source=friends_link&sk=9580e46c3d6923836a17e91c0855a6d5

Well we seem to cause unnecessary fuss for ourselves with invalid comparisons

If fbcoin is launched; it will be a private coin for their blockchain

Bitcoin cannot be overtaken by any coin

Bitcoin remains no 1 blockchain currency that other tokens have to emulate

I don't think there is any coin that will replace bitcoin, bitcoin will remain what is it for long time, and people will use it, and also Facebook coin is different and is not a coin who use same technology as bitcoin does.

Even maybe have big price, i think there are no coin that can replace bitcoin. It is already proven when a coin have price more than 1 bitcoin, and people still call it altcoin. And then only need time, price keep decreased and not be stable coin anymore.

I will only respond to the topic which is also a question. I must say if Facebook should introduce its own coin, then it will surely have massive adoption, but it cannot replace bitcoin.

No it wouldn't replace Bitcoin .
Bitcoin already proves it worth and besides what would be the role of Facebook's coin?
I think it would be their payment in their social media .

Strange question..
With Bitcoin dominance over 50% in cryptomarket and market cap over 90b. $.
Facebook value is about 500b.$. Shocked

No, facebook won't replace bitcoin - no way!

What is Facebook share worth in the market? Is less that $150, right? What is Amazon share worth? Over $1,400 right? Ok, now you get the picture I am trying to paint here. Facebook is over hyped. So, let's not compare whatever the Zuckerberg team comes up with to a noble and phenomenal as what Satoshi gave the world.

Is Facebook coin launched already? It's better not to compare what is not with what is. Bitcoin took a lot of hardwork and strategic planning to get to where it is today. When Facebook coin is launched, let's see how far it will go.

For now, it is impossible to replace BTC, even for facebookcoin. This is childish thinking. Coins created by every strong people cannot replace btc. In the current situation this is hard, and it will be even harder when the btc gets stronger.

Quote from: lyhue on April 08, 2019, 07:37:08 PM

Before saying this question, please read something about the reason bitcoin exists and the differences between bitcoin and any other coin.

There is nothing to worry about, bitcoin will remain the top priority of the cryptocurrency while the FB coin will only be considered an altcoin. In any case, the FB coin is very different, bitcoin is like the core of a cryptocurrency that cannot be separated because everyone who remembers the cryptocurrency then the mind will automatically focus on bitcoin. FB coins have their own advantages, and now we can't see the advantages that can outperform the greatness of bitcoin. just forget about everything about replacing bitcoin because it will be useless.

I didn't know it will take that long to explain something about FACEBOOKCOIN or FBC (what you used in your medium).

It is actually simple for me and it is written in your posts there.
It is going to be centralized or just a manupulative crypto currency.
It will be first offered to whales and big investors and specially banks. They want it to be as legal as it could be so that it will be accepted all over the world and that is already one sign that it will not work.

Why? Have you seen world peace already? No.
There will never be a good agreement with this. If one country is still on a goal to be the strongest one and want their currency to be more valuable than other then this kind of steps will never happen.

Quote from: lyhue on April 08, 2019, 07:37:08 PM

Different coins has different platforms. So if you see that Facebook coin will replace Bitcoin, then that would mean they have the same usage. But I guess it is impossible to happen because Bitcoin has already established in the market and many businesses has adapted to it's technology.

Quote from: lyhue on April 08, 2019, 07:37:08 PM

They haven't released anything about their intention to go on board the cryptocurrency, yours is just pure speculation, and assumption although i like the idea of Facebook coin airdropping 10-20% to their billions of users, but they first educate their users about cryptocurrency first.

Quote from: kewlc3s on April 08, 2019, 08:31:01 PM

Strange question..
With Bitcoin dominance over 50% in cryptomarket and market cap over 90b. $.
Facebook value is about 500b.$. Shocked

No, facebook won't replace bitcoin - no way!

Yeah, even if there’s more big investors on Facebook coin it will still possible to beat bitcoin. Have you consider to surpass first the top 5 coins on cmc? Well, it will be hard for a new coin for sure. I just can’t understand what would be the public usage of facebook coin? Whatever it is, bitcoin will still remain unstoppable that will not change.

Quote from: lyhue on April 08, 2019, 07:37:08 PM

i'm sure, there will be no cryptocurrecnies can replace bitcoin buddy
even facebook create its own cryptocurrencies, i believe bitcoin will always be the king of crypto
regards

This is not in any way possible, no comparison between Facebook coin and Bitcoin, and come to think of it, can Bitcoin ever be replaced by any altcoin?? I don't see that happening 20yrs to come.

How can you ever predict this, Bitcoin is the mother of all other coin and i think that still stand till eternity. Bitcoin can never be replaced by any other project, Bitcoin has already gained ground than been replaced.