Your thoughts on Facebook's GlobalCoin

[budi12]

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

Share your first impression!

with facebook coin disbursement, it will have a positive impact on cryptocurency ... facebook is a trusted social media that has a big influence on cryptocurency ... but if anyone thinks that facebook coin will defeat bitcoin then I will answer that it will never happen and facebook coin will not be able to be done .

[1714607360]

1714607360

[1714607360]

1714607360

[1714607360]

1714607360

[1714607360]

1714607360

[1714607360]

1714607360

[lixer]

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

Share your first impression!

with facebook coin disbursement, it will have a positive impact on cryptocurency ... facebook is a trusted social media that has a big influence on cryptocurency ... but if anyone thinks that facebook coin will defeat bitcoin then I will answer that it will never happen and facebook coin will not be able to be done .

Facebook's intention too was never to defeat bitcoin, they are just there to also join in the blockchain industry, every company has the right to shift their base to blockchain if they feel it will make their company better and I think that Facebook has found out that the application of blockchain will make their platform better and continue to make them have an edge over other platform.

I know their cryptocurrency is also going to serve as payment,  but I really doubt if their main goal is to make it a global currency, I am suspecting that they only created that coin to be used within their community and government must have felt threatened because they have a very large community base, which may make the coin eventually become like a currency among themselves.

[Jating]

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

Share your first impression!

with facebook coin disbursement, it will have a positive impact on cryptocurency ... facebook is a trusted social media that has a big influence on cryptocurency ... but if anyone thinks that facebook coin will defeat bitcoin then I will answer that it will never happen and facebook coin will not be able to be done .

How can you say that they are trusted social media giant?

https://www.usatoday.com/story/money/2019/07/15/facebook-fined-5-billion-ftc-cambridge-analytica/39687137/

They are not in the intention to defeat bitcoin here, they are joining because they know that there are a lot of money to be made here. Crypto is slowly going mainstream, and with their huge funding, they find this as a business opportunity rather than to become a bitcoin competitor. And besides the major difference is that Libra is fully centralise.

[Crypto_lion]

The whole concept of a coin / currency being controlled by a organisation or a group of organisation sounds.so.wrong and against decentralization so it's we stay out of it and don't encourage this.

[Bitcoin Seller]

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

with facebook coin disbursement, it will have a positive impact on cryptocurency ... facebook is a trusted social media that has a big influence on cryptocurency ... but if anyone thinks that facebook coin will defeat bitcoin then I will answer that it will never happen and facebook coin will not be able to be done .

Recently, I men very curious information. There are rumors in the cryptocurrency world that in fact, the Facebook Libra is a special plan for the United States to push 2 billion social network users to deal with the digitized dollar. Then, the money they exchange for tokens will be poured into US government debt bonds, and thereby they will support the country in anticipation of the impending financial crisis.

[lacasadepapel]

It's a very smart move. And in my opinion it's a plus for crypto in general since all of facebook users will get familiar with it. So everything that helps in promoting crypto is a good thing!

[Lanatsa]

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

Share your first impression!

with facebook coin disbursement, it will have a positive impact on cryptocurency ... facebook is a trusted social media that has a big influence on cryptocurency ... but if anyone thinks that facebook coin will defeat bitcoin then I will answer that it will never happen and facebook coin will not be able to be done .

How can you say that they are trusted social media giant?

https://www.usatoday.com/story/money/2019/07/15/facebook-fined-5-billion-ftc-cambridge-analytica/39687137/

They are not in the intention to defeat bitcoin here, they are joining because they know that there are a lot of money to be made here. Crypto is slowly going mainstream, and with their huge funding, they find this as a business opportunity rather than to become a bitcoin competitor. And besides the major difference is that Libra is fully centralise.

Same perceptions too where Libra didnt tend to beat out Bitcoin yet they are totally different from each other and the main thing here is that they do joined up with the crypto craze bandwagon since they know that they can make even more money since they do have one of the biggest network when it comes to social media.Introducing Libra or their own coin wont really be a problem and as a user of Facebook you will eventually got curious regarding on this matter.In fact this is also a good side marketing of Bitcoin because there are really some curious minds will think aside and seek out on crypto origin which would lead up to bitcoin.

[mich]

Startup Finds and Patches Vulnerability in Code for Facebook’s Libra

“The good news is that it was found and patched before the platform was live. Issues once thought of as benign can become more severe in the blockchain setting because auditability substitutes for trust.”
https://cointelegraph.com/news/startup-finds-and-patches-vulnerability-in-code-for-facebooks-libra

[tranduong123]

I think the first impression of Facebook's Libra is that there are many large organizations and big companies involved in developing it. But at the present time Libra is having a hard time being obstructed by the rules, I think it cannot launch as planned or worse be canceled.

[dearbesz1219]

I like Libra coin idea. You probably do not understand that it will help cryptocurrency adoption. Facebook will offer Libra and other cryptocurrencies to almost 2 billion people! That is 200 times more users that we currently have.

[pinoy.bolanon]

The more the competition, the better to the economy of the world, but i think it would not compete with bitcoins and some others, because this facebook made coin is compliance with the laws itself and its strictly governed.

[Distinctin]

I like Libra coin idea. You probably do not understand that it will help cryptocurrency adoption. Facebook will offer Libra and other cryptocurrencies to almost 2 billion people! That is 200 times more users that we currently have.

I'm with you, I'm pro Libra and I hope they will be able to launch the project free from regulatory problem, of course they need to comply the requirements and I hope the requirements is not hard enough for them to comply.

They were criticized by the corrupt government because they understand how big the coverage of facebook and it can disrupt the financial industry.
What would happen to banks, remittances when we can easily send money through facebook, that's the threat they are seeing.

[jamesndungu1]

There are a lot of red flags with this coin, the first being the centralized characteristic. I don’t understand why Facebook is selling the coin to only initial 100 investors instead of giving the power to the people. The other day I tried paying for ads on Facebook for my personal crypto apparel selling platform and I was rejected, making me question why they are even introducing the coin in the first place if they cannot advertise other crypto projects on their platform. My two cents on this is I will probably not use the coin unless it’s a matter of life and death.

[mich]

German Gov’t Speaks Against Approval of Facebook’s Libra in Europe



"Up to now, the economy has done a great job in countering crises and inflation with measures taken by central banks. Once a digital currency provider dominates the market, it will be quite difficult for competitors."
https://cointelegraph.com/news/german-govt-speaks-against-approval-of-facebooks-libra-in-europe

[illnino]

I think the first impression of Facebook's Libra is that there are many large organizations and big companies involved in developing it. But at the present time Libra is having a hard time being obstructed by the rules, I think it cannot launch as planned or worse be canceled.

That is absolutely right, man. Currently, with 28 member companies of the Association, including such well-known companies as Visa, Paypal, MasterCard, and Uber, the Libra project plans to see a number of 100 companies next year. The Libra project has already received more than a hundred applications for joining the Association, while companies must maintain at least 10 million dollars.

[mich]

PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real

PayPal representatives have said they remain cautious about the future of Facebook’s planned stablecoin Libra, according to a Sept. 14 report from Agence France Press (AFP).
https://cointelegraph.com/news/paypal-a-lot-of-work-still-needs-to-happen-for-libra-to-become-real

[The Cryptologist]

Either we hate or love it, Libra will become a free marketing for the cryptocurrencies to the whole world especially bitcoin. Just imagine all the millions of impatient millenials which are on the Facebook platform who just want to make easy money. They will discover bitcoin and invest in it whenever FB is making a huge advertisement on their coin Libra.

[mich]

Zuckerberg Continues Tour of DC With Unproductive Meeting With Senator

“Just finished meeting with CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show FB is serious about bias, privacy & competition.”

https://cointelegraph.com/news/zuckerberg-continues-tour-of-dc-with-unproductive-meeting-with-senator

[mich]

Facebook Set on 2020 Launch for Libra, Despite Regulators’ Pushback

David Marcus, the head of Calibra at Facebook, has said that a 2020 launch for Libra remains the company’s goal, despite regulators’ intense hostility toward the project.
https://cointelegraph.com/news/facebook-set-on-2020-launch-for-libra-despite-regulators-pushback

[mich]

IBM Says It’s Ready to Work with Facebook on Blockchain

IBM is willing to team up with Facebook to develop blockchain technology, an IBM executive said, explaining that developing the blockchain ecosystem is “a team sport.”

https://www.coindesk.com/ibm-says-its-ready-to-work-with-facebook-on-blockchain?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20