Eildosa
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May 24, 2019, 05:01:39 PM |
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I believe that mark is not a stupid man and he will do everything at the highest level. Of course there is a chance that something may go wrong, that the project for some reason will not gain due popularity, but I think that Mark will succeed. People trust him and investors who will want to invest in this project will be really very much.
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Adriano2010
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May 24, 2019, 05:25:42 PM |
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I not say is bad that new coins coming, but i don't think Facebook coin will be more used than Bitcoin and i also think Bitcoin will be for long time number 1 on capitalization and always more money will be put on bitcoin than on altcoins. But indeed we also need some new coins because maybe only on this way new people will come and after see how works a crypto coin will buy also bitcoin.
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uray
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May 24, 2019, 05:51:16 PM |
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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 and facebook are not known for the best of user privacy and i am not sure what they are planning to do with the coin, until there is a working model or a prototype or a white paper regarding the details, i will not trust them in any way possible, what ever coin anyone can come up with, no one can rival bitcoin, all these coins are just replica of bitcoin and just claiming to better, time and market will dictate their fate. |
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Cacingkemi
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May 24, 2019, 06:01:10 PM |
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I think FB coin will not be able to compete with BTC in prices like today, although we know Zuckerberg has business skills in social media but entering the crypto world is still counted as a beginner. Indeed the price of FB coin is expected to rival BTC but I think the community has a special part in increasing or decreasing prices.
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bitvalak
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May 24, 2019, 06:40:40 PM |
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Fundamentally this will create a positive trend for all cryptocurrency, especially Bitcoin. At least there are already several large companies that are starting to want to adapt the cryptocurrency.
For rivals I don't think it is very influential, because actually bitcoin has never been displaced by other altcoins as long as the first bitcoin is in the world. Even the ethereum which is being held has all the advantages of innovation cannot outperform the capital of Bitcoin.
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shane
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May 24, 2019, 06:58:19 PM |
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It's too early to say whether Facebook's coin will be a bitcoin rival. We still don't know the economic model and governance model of their coin. We have to wait for a detailed information about the coin before we come to a conclusion.
We have to ask ourselves after we get detailed information and roadmap about the coin whether it is truly decentralized like bitcoin, what will be the total coin supply, what will be the initial coin allocation and how many coins will be held by Facebook team etc. in order to decide whether it can be a bitcoin rival.
Therefore, let's wait and see what will Zuckerburg bring to the table with his coin to become a bitcoin rival.
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Baofeng
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May 24, 2019, 07:08:10 PM |
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As other's have pointed out, it could be a stable coin so there's no rivalry here. But it could potentially disrupt the remittances industry and I'm sure that's what Mark is targeting with this coin. It could be altcoin, but the thing is, this might be very centralised and the ledger only privy to their company. So no correlation whatsoever to bitcoin or even considered it a rival.
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uneng
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May 24, 2019, 07:17:32 PM |
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Globalistcoin? It will be just more one altcoin among hundreds of them. Only bitcoin is the king of crypto currency. Zuckerberg can use all his influence, money and his gift of the gab to promote his currency, but it will still be an altcoin.
Although I don't doubt it will be a strong centralized altcoin, it's going to have potential to reach the crypto currency top 10.
(I think this thread fits altcoin discussion section).
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The Seller
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May 24, 2019, 07:23:04 PM |
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I think if Facebook will really do that, then the Facebook coin will definitely have a lot of support and interest and even he will immediately become like some other popular crypto.
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BitHodler
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May 24, 2019, 07:44:04 PM |
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News outlets certainly like to spice up their headlines. I'm not sure what the point is of referring to this as a rival for Bitcoin when it concerns a stablecoin. It will rival Bitcoin in the way that it offers more stability?  In all seriousness, if this stablecoin is free to transfer from exchange to exchange without KYC bullshit, it will prop up the price of Bitcoin instead of harming it, because that's what every single stablecoin has done so far. Maybe that this stablecoin will be able to usurp a significant enough chunk of Tether's market share. We'll see how it goes, but it will do more good than harm for Bitcoin and the rest of the cryptos. |
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Cuk0ng_bitc0in
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May 24, 2019, 07:56:24 PM |
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I think he will get a lot of support from every element. this project will be a successful project. maybe Facebook coin will create utility and fast and high spread. but I doubt if fb will be a rival for BTC. Facebook's popularity cannot defeat BTC.
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EdenHazard
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May 24, 2019, 08:04:22 PM |
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But remember facebook has got two failed when he tried to make a payment system. One is facebook credit and two facebook massenger payment the both system has gone away from time to time. Now, he comes back again with a news system that called as global coin but I don't think he will be success again. Moreover, to beat out bitcoin as payment system because the system are really different. Remember with decentralized system and centralized system becuase the both things are very predispose now. We can talk to all people here who likes cryptocurrency, what will you choose between bitcoin and global coin? It seems like what will you choose between decentralized system and centralized system. It is not good to say a new rival especially you are the old user of bitcoin.
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kamBlanV
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May 24, 2019, 08:13:23 PM |
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Facebook has plans to make coins with a stable coin concept and centralized. it will be difficult to compete with BTC. Facebook will compete with other stable coins such as USDT. Facebook utilities cannot catch the crypto king.
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Marry Finch
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May 24, 2019, 08:17:42 PM |
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An FB coin, if it becomes another stable coin, even theoretically cannot be compared not only with Bitcoin, nor with other popular types of cryptocurrencies. Especially, if this coin will be used mainly on Facebook. This will be another centralized coin and I do not think it will be in great demand. We still know little about its functionality. In general, I believe that a large amount and diversity in cryptocurrency will only benefit its development. Let the FB coin prove its usefulness, and we will see what happens.
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ngusmin
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May 24, 2019, 09:09:46 PM |
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I think it won't be easy for Facebook coins to be a rival to bitcoin, bitcoin is a true crypto coin and in any situation bitcoin remains the main one.
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CaVO32
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May 24, 2019, 09:13:34 PM |
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Facebook has plans to make coins with a stable coin concept and centralized. it will be difficult to compete with BTC. Facebook will compete with other stable coins such as USDT. Facebook utilities cannot catch the crypto king.
i don't think global coin is competing with bitcoin and will be a rival of btc. but maybe, the usage of globalcoin might be huge as facebook followers alone has huge number. it is interesting how this coin will perform in the market. i guess Zuckerberg will not let this coin be a flop in the crypto market... |
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rdewilde
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May 24, 2019, 10:21:33 PM |
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A coin that is yet to get launched nor taste what it means to be in the crypto space is now Bitcoin rival? How many coins have thought of overtaking or replacing Bitcoin and how many have succeeded?.
Bitcoin will remain at the top and not even Facebook coin will dethrone it.
I can't even compare Facebook coin to ETH let alone Bitcoin,.
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94K
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May 24, 2019, 10:30:59 PM |
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I think it won't be easy though but that will be great. A coin that is to be launched as bitcoins new rival? I can't wait to see it. It'll exciting.
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sherenikaw
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May 24, 2019, 11:03:02 PM |
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Do you mean the facebook coin?
Well, that coin may be promising and can be rival for some certain altcoins.
However for a rival of Bitcoin?
I think it needs more times to be able to do that. A new coin will not be as easy to compete with the BTC. However, we cannot say what will happen to the future. Just follow the situation of this crypto world.
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Shenzou
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May 24, 2019, 11:12:11 PM |
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It is true that the Facebook coin that will come out will have some value and many investors will go for it, since it is already a well established company with a large number of users it won't be a surprise if it had a partial success, i mean look at binance and how its coin took off just because it is a well know exchange in the crypto market, that being said i don't think that it will come even closer to competing with bitcoin and none is or will be, because there are a really large number of people using bitcoin that the people that are interested in using the Facebook coin to buy and sell thing on the Facebook marketplaces.
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