Your thoughts on Facebook's GlobalCoin

[deathcode]

Like many other shitcoins. For what FB need own currency? For own control only. And do you want currency under FB management? I don't think so. After all fails that FB made already I don't want to use their money. Thanks

many actual functions. If you see Facebook there is now a feature to buy and sell, and they work with several game players to do live streaming, and they get paid from Facebook. I think it will be very important Facebook can control their own money. and crypto might be one solution.

[chichidori]

I heard about it and they have over 100 personnel working on it, from what i read the white paper will be release on June 18 but its not final, facebook are being ask about it but no further comment have been given so it might not launch this year but surely they are preparing for there own crypto currency.

[sana54210]

This is a shitcoin and it has no value. I don't know why we should buy this coins while facebook has stocks. Crypto and stocks at the same time?

If this is a shitcoin, it would not create a headline in the crypto news, just think about that.
It's better if we welcome them as they are embracing crypto, this is a good news for us and even if you and me will not buy this, I'm sure there's a lot of investors out there will see a positive thing for this coin, and will buy.

People just need to analyze things first before making utterances, I don’t know why people are so use to the annoying word shitcoins, and then use it for a project that has not even been tested before proving it wrong. How on earth can Facebook coin be a shitcoins with all the reputation that they have and the entire large user database that they control.

Out of the over a billion users that has been recorded to be Facebook users, 10 million adopter is more than enough to make use of the coin for whatever purpose it will be created for which I am sure will just be a stable coin for utility purpose as against the global coin people thinks.

[blackhawkeye1912]

Facebook coverage is very vast especially with the current internet world. With this, the stablecoin facebook is about to creat will surely have an impact right away. Partnership is also along the way which will surely increase it significance in cryptocurrency.

[rdbase]

I would rather call it Zuckbucks then global coin.
Because it sounds more like what it actually is and this is suckerbucks.

[EmmaBen]

I forsee a major Boom in the crypto industry with this project. Facebook already has a global audience and this will only serve as a proper marketing tool for crypto thus, introducing it to a lot of people all over the globe. This will in turn lead to more investments. The crypto industry is set for a major Boom.

[congresowoman]

Libras what they call them is gaining popularity faster than a wildfire. In my opinion, this is what people need nowadays, a crypto that will be  as stable as possible than any other crytpto currency in the circulation. It is a good thing to know that big finacial firms and brands are looking out for it enough to back them financially.. With this, people are noticing the trend having trust in this coin even before its release.

[libert19]

FB has sold their nodes to some handful of multi national companies, which imo is against the concept of decentralization.

[marcbitcoins]

For me it will be a big success as Facebook has lot of users around the globe and as one of the most famous social media they could easily promote their FB coin to the business world. Hopefully they would really become a success as i believe that it will help the market to become more healthy than before too.

[Nalbo]

Unlike my previous estimation, this coin would probably disrupt the current crypto market and compete with well known coins.
As it would be backed by other large enterprise like VISA, mastercard and Paypal it is sure to have it's own card and be used in banking sector.
With Uber on it's team, it would also be an utility token. So, it could really be the first global cryptocoin.

[setialovers]

Unlike my previous estimation, this coin would probably disrupt the current crypto market and compete with well known coins.
As it would be backed by other large enterprise like VISA, mastercard and Paypal it is sure to have it's own card and be used in banking sector.
With Uber on it's team, it would also be an utility token. So, it could really be the first global cryptocoin.

Facebook coin can disrupt current cryptomarket but i dont think will disrupt on market cap value. It will increase people who want to invest because with more big company join, it will increase people confident to invest

[MisterLangley]

In the beginning, what I heard was clear that the conception between the new one was made for a long time, but if it was seen from the game, it was actually the same between the two and it didn't even have anything to do with Facebook so we don't need to know everything that updates
 

[cahbagus555]

Unlike my previous estimation, this coin would probably disrupt the current crypto market and compete with well known coins.
As it would be backed by other large enterprise like VISA, mastercard and Paypal it is sure to have it's own card and be used in banking sector.
With Uber on it's team, it would also be an utility token. So, it could really be the first global cryptocoin.

With members all around the world, facebook coin have big potential in the future. Transaction could be peer to peer because every member can make transaction with facebook coin directly with third party like banks.

[Lund94]

I've got this ambivalent feeling about facebook launching a coin..

It'll probably turn out to be a very popular coin because the succes of Facebook - but a coin owned by a company smells bad.
If Facebook manages to make it feel comfortable for everyday human beings using the coin, they might surpas bitcoin in terms of marketcap - but who knows?

I've always thought that the big flaws in cryptocurrency is that its volatile, and no one really knows what it is (again "normal" people)
Facebook is one of the largest companies in the world, who has people actively using their site from all over the world! even old people!
imagine facebook could convince those people using their coin..

[Fluxtorrence9]

I'm not that excited about the upcoming Facebook coin ,not until I see how its been welcomed into crypto space ,just because Facebook is a very popular social media doesn't mean the coin will be better and I heard it will be a stable coin so I'm not excited about that

[localcrypto]

Facebook global coin is pure centralized coin which can be governed by most of the top wall street investors instead dealing with US dollars they all are pumping facebook global coin

[congresowoman]

Facebook global coin is pure centralized coin which can be governed by most of the top wall street investors instead dealing with US dollars they all are pumping facebook global coin

If that will be so, wouldn't it be nice if we ride onto the first wave? If they will treat Libra like savage bears and whales why not be the first to do it? After all, crypto is like a game of firsts, you observe, wait for the perfect time and just dump on it like most of the people do.

[trauchot]

So far it is difficult to say something, but I am sure that facebook knows how to attract top investors and big companies, by the way, which have already been attracted and soon we will know how much facebook will collect on the sale of their tokens and further development plans.

[TheClownSong]

So far it is difficult to say something, but I am sure that facebook knows how to attract top investors and big companies, by the way, which have already been attracted and soon we will know how much facebook will collect on the sale of their tokens and further development plans.

Facebook can attract big company because the platform used by many people in the world. Beside that, facebook is listed company in wall street and already make profits. It could be great if facebook create global coin because increase awareness on cryptocurrency

[bennguyen]

GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?

Share your first impression!

Nouriel Roubini said: Globalcoin has nothing to do with Blockchain, is it true?
Globalcoin is very much interested by big financial companies such as Visa, Paypal, Uber, etc. Each company has invested 10 million USD.
With a large number of Facebook users, I think Globalcoin will be very developed.