A New Bitcoin Rival Is Coming?

[Firecold4]

if it is true that Mark Zuckerberg will plunge into the world of crypto and make the project, it will be ensured that globalcoin will become a rival to ethereum, not bitcoin, it is almost impossible for bitcoin to be defeated because all coin prices are based on bitcoin

[Dreamchaser21]

I see Facebook as a big rivals of many coins and yes even bitcoin, because I believe its not just about facebook its about many companies that is under facebook and that's why its called "Globalcoin".

Remember the many acquisitions of facebook? They can use it to make their market huge and available around the world.
Here's the list of many companies under facebook.
Facebook Acquisitions - I don't know if this thing is legit but I'm pretty sure a big company like Facebook have a lot of sister company.

Its a new coin yes, its market would be more tham Bitcoin yes, but FB coin is only for facebook. I bet you"ll be only able to use this coin inside FB that is how facebook will make money on it. It's target will only users of facebook. So it will not become a rival of Bitcoin because Bitcoin is for everything not only a specific platform.

I doubt it, they have a better plan and Facebook is not the only platform to use Globalcoin.

This kind of challenges is a healthy one in the market I still believe on bitcoin and I know it will remain on top maybe Facebook coin have a better chance to enter into top 5 coins, let's see this.

This is true, a lot of big companies are under facebook and its possible that facebook will implement their coin on all of its company, so bitcoin have to be ready for this. I know bitcoin can handle this one but new system with bitcoin is a must so investors will still hold and support the top coin which is bitcoin.

[bittraffic]

It can't be a rival if its a stablecoin, it is however going to make bitcoin a lot valuable in the future because its going to be a vindication the blockchain is indeed being used not just to any cryptocurrency but facebook's globalcoin. why do they have to take it this long, 2020 is so far away to anticipate yet.

[Pursuer]

with the way Zuckerberg is hyping his coin and also the way the cryptocurrencies (blockchain in general) is hyped, there is a good chance that this project is going to become big in the sense that it can raise a lot of money (maybe billions even) and becomes super pumped and hyped up.
there is also the benefit of bitcoin being on the rise which will always hype everything up even more which can lead to their increased hyped up state.

but at the end of the day even if 1 FBcoin were worth 10 billion dollar, it still is going to be inferior to bitcoin because it is centralized. not to mention that Facebook is known for exploiting all your personal information so expect all your transactions to be reported to multiple government agencies right away.

[Nunoluck]

This currency will become very famous and worthy as long as facebook corporation is running. Some of my friend now begin to leave facebook and prefer like to use instagram. Basicaly facebook has so many competitors which has many advantages. So I am not sure that this currency will become bitcoin rival.

[BitFinnese]

Is this a joke OP?  Facebook may have their user base but I doubt that it is enough for this to rival Bitcoin.  As for me, I am not happy using facebook especially when they introduce messenger.  It is very intrusive if there is other messaging platform to use and contact my friends, but most of them are in FB so there is no other choice for me.

[sirminesalot]

I think globalcoin will not be able to replace bitcoin because the parent btc is from crypto. as you know many companies are investing in bitcoin

[joshy23]

For sure it will be hyped out as Mark's name is already at stake, but since that we all anticipating this coin will be a centralized one then the essence of crypto will no longer be anonymous, let things happened and allow the fate of this what we called Global coin revealed itself and see how things will work for the project.

[monalia]

I think globalcoin will not be able to replace bitcoin because the parent btc is from crypto. as you know many companies are investing in bitcoin

Correct, whatever coojn coming after bitcoin all those consider as altcoins only. So no need to worry about any world giants. They may make the money from the newbies of this crypto currency market.

Whatever coins comes those coins may get the some place as like that FB or global coin those will be settled in top 100 coins.

[TimeBits]

enslavement coin coming right up.

https://www.youtube.com/watch?v=Eenscggz-Pk this is the future of fb coin 

[BlackFor3st]

Most of the crypto lovers who favors the launch of GlobalCoin are very excited and I am one of them, if they will decide to launch a crowdfunding I would be love to participate also knowing that this coin will surely rock the world of crypto.

We cannot say that Mark Zuckerberg is the King of crypto currency instead we can label him as a hero in crypto world. He gives hope to all the crypto lovers.

[bitzizzix]

I do not think that Facebook coins will compete with Bitcoin, and in my opinion it is not possible and previously there were many new coins that thought they could compete with Bitcoin but in reality it did not happen.
what is because Facebook is the most popular social media and very many users, it's not a guarantee because what I see is that all Facebook users only rely on all kinds of socialization that makes them feel happy to vent their boredom as their friends at any time and besides can search for news and information and much more.
so what I mean is from all Facebook users, not necessarily all their users want or are interested in having Facebook coins and maybe only most of them understand and know about digital currency or crytpocurrency.

[Tipstar]

It would not be a rival to bitcoin as it serves a completely different purpose.
The Global coin would be used as a payment system within the Facebook ecosystem. For the system to work properly, it should have lower fees and higher supply. If it's nature were to be like bitcoin, it would be of no use. So, let's not compare bitcoin and digital utility tokens.

[annango]

This is nothing to be compared to bitcoin how can it possibly happen that the Facebook coin will be another bitcoin simply because Facebook is the team behind it, and again on the regulatory status it does not happen like that government have laws and to get a regulatory framework for a crypto coin is not that easy so many coins have tried to achieve the full regulations but have not succeeded. Any way we will keep looking out for how the coin will perform in the market.

In crypto market, nothing can be said for sure previously. Although, in reality Facebook business is famous for a technology field, we completely cant make sure whether or not it can beat bitcoin position. As we all know, bitcoin is well-known as the king of crypto market, it's the most dominant coin of the crypto market as a whole, still bitcoin keeps its position almost all people believe in it. Because bitcoin is considered a symbol of cryptocurrency, i don't think facebook's new coin can be a new bitcoin. However, it's just a prediction; thus, every can happen on contrary way.

[suzanne5223]

Firstly, the OP statement have clearly proof that the facebook(Globalcoin) will nothing but a coin just like the XRP, NEO, IOST etc which have a huge support from powerful people in the world. Aside, just because alot of many big investors lining up to raise fund for the GlobalCoin does mean it will be a threat to bitcoin for the government are must powerful I know and they are unable to beat bitcoin. Why would GlobalCoin be a threat?

[Artemis3]

There is now a name for the cryptocurrency-based payment system that Facebook is planning to debut in 2020 and it is called as GlobalCoin. Indeed, as the name suggest, it would be available globally (well maybe except China, Russia, Iran, North Korea and nations USA is not doing business with) starting with some hand-picked countries. Right now, the team established by Mark to tackle on this project has been communicating with some people involved with regulatory matters to thresh out things so they can start the trial maybe within this year.

With the Facebook empire at the helm and behind the GlobalCoin, people are getting excited and there are now many big investors lining up to be part of the funding circle hoping to snatch part of the estimated $1 billion the project is looking for. With Mark having the Midas touch, investors are thinking that this can be another opportunity of a lifetime. I am not sure though if Facebook will decide to also open the crowdfunding with small investors like in the trending IEOs we have today.

Wow! And of course, there will always be critics of this move by Facebook to join the cryptocurrency craze. 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.

Now, considering all of these things and the very big potential of this Facebook project called as GlobalCoin, do you think that soon we can see Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency? Or you think that this should be treated just like a normal (though it is very big) project which might also go wrong if the market will not be responding positively? What is your opinion with the foray of Mark into cryptocurrency and will Globalcoin one day be a rival to that of Bitcoin?

Why would anyone pick that particular altcoin over a thousand others that together have yet to surpass Bitcoin? We are talking about anti privacy Zuckerberg here, his mind can't possibly deviate much of that from a government: Centralization, control, and therefore, weak. He is too late to the game...

Let me tell you something: I predict this altcoin is going to be neglected hard. Almost all of them are. Facebook? pfff. Its actually a bad association, a minus rather than a plus.

The best you can do when promoting your altcoin, is projecting its technical merits, and leave the backers last. It tells me nothing Zuckerberg and Facebook are behind, but the white paper and source code does. What could they possibly add to the altcoin ecosystem to warrant any attention, beyond Facebook? If anything they are noobs, and have a bad history over the running of Facebook, hostile to Bitcoin, data mining, selling of user data, censorship, hacks, the story of Facebook is more something to be ashamed of.

I wouldn't be surprised Microsoft and Apple come with their little altcoins too.  Don't you notice there are too many altcoins? The best of them (alone) can't be considered a rival, yet.

What if he launched this 5 or 8 years ago? Then your excitement would have some merit, but now? Too late, the space is crowded. Want success? Adopt Bitcoin, or at least one of the best contenders into your platform before thinking of making "yet another one".

[hulla]

There is now a name for the cryptocurrency-based payment system that Facebook is planning to debut in 2020 and it is called as GlobalCoin. Indeed, as the name suggest, it would be available globally (well maybe except China, Russia, Iran, North Korea and nations USA is not doing business with) starting with some hand-picked countries. Right now, the team established by Mark to tackle on this project has been communicating with some people involved with regulatory matters to thresh out things so they can start the trial maybe within this year.

With the Facebook empire at the helm and behind the GlobalCoin, people are getting excited and there are now many big investors lining up to be part of the funding circle hoping to snatch part of the estimated $1 billion the project is looking for. With Mark having the Midas touch, investors are thinking that this can be another opportunity of a lifetime. I am not sure though if Facebook will decide to also open the crowdfunding with small investors like in the trending IEOs we have today.

Wow! And of course, there will always be critics of this move by Facebook to join the cryptocurrency craze. 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.

Now, considering all of these things and the very big potential of this Facebook project called as GlobalCoin, do you think that soon we can see Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency? Or you think that this should be treated just like a normal (though it is very big) project which might also go wrong if the market will not be responding positively? What is your opinion with the foray of Mark into cryptocurrency and will Globalcoin one day be a rival to that of Bitcoin?

Mark Zuckerberg was a guy everyone like his invention in terms of social media which I believe that reputation will give him chance to get many support from varities of invest but we're talking about crypto currencies here not social media.
I once said it in some of my previous post that crypto market have changed and how a certain coin will survive in the market are not measure through thr hype, concept, TPS and previous record for it measure through the attribute I mentioned bitcoin wont have be the top coin till date.

Therefore, i dont see the coin in subject as a rival to bitcoin.

[posi]

Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency?  

I wanted to correct some wrong presumption made by the OP about the words "Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency?" Mark will never be king of crypto currency and he's like Gary, Ver etc which are crypto enthuaist because we crypto communities are the king of crypto currencies.

you think that this should be treated just like a normal (though it is very big) project which might also go wrong if the market will not be responding positively?

The project will be big just the rest of other centralized coin which were supported by the institutions and government but it doesnt mean that it will surpass the potential of bitcoin.

What is your opinion with the foray of Mark into cryptocurrency and will Globalcoin one day be a rival to that of Bitcoin?

I respect the fact that Mark step into crypto currency because I believe his intention was one of the reason why we have some group of banks coming together raise a fund in other to create their own crypto because they want to be left behind. But, that doesnt make Globalcoin a rival to bitcoin because it will always be on the list of altcoin.

[target]

enslavement coin coming right up.

https://www.youtube.com/watch?v=Eenscggz-Pk this is the future of fb coin 

Probably so. They do have the data of everyone on it. There will be no escape soon once you are on their radar. We've all seen the issues they were into years ago. Privacy isn't as important to some people though as long as they get money, they could input everything including thee names of their kids, photos and even bloodtype.

They may distribute the coins to facebook users and by that all users will have their own wallet on thie facebook account but before receiving they may have to enter more information and bank account probably.

[abstractednerve]

Facebook is involving in the crypto, it is very big news for the crypto community and this thing will bring more people on the board and crypto may be accepted widely. But is FB coin a rival of Bitcoin? Never! The Facebook coin will be used to buy the FB ads and features, it is like the JPM coin! We can get another centralized coin called Facebook or Global coin, but that will not be the rival of Bitcoin. Actually, Bitcoin has no rival, It is the base of crypto, whatever coin or tech comes, they will not be a rival for bitcoin!