Topic: A New Bitcoin Rival Is Coming? - page 12. (Read 13178 times)
Personally, I do not regard the new cryptocurrency from Facebook as something grandiose. I do not think that he will become a rival for Bitcoin. Most likely this coin will be used mainly within its social network and will not be in high demand outside its borders.
The main function about cryptocurrrncy is decentralized but fb coin would be centralized I think,so how we tell it's for next Bitcoin rival.
Yeah.. This bitcoin rival should come fast. We have waited for long and willing to wait even more.. Lol. Facebook coin will really go along way in this space cos even users who castigated cryptocurency are eager to own this coin.
Am actually also seeing a possibility of a strict competition for bitcoin if this eventually becomes a realistic project. Yet, i know bitcoin will do all it can in full capacity to remain up there..
There's should not be an ICO for this soon to be launch coin from Facebook, it's going to be a big joke if they are going to launch one, I don't see this shooting to the top 10 as soon it's launch, not because Facebook is the biggest social networking sites, they have to offer something not just their payment processor to be able to beat the top coin in the market.
I thought facebook progressive company. And they call the coin Global and remove key countries from the list. America and their companies have recently been digging a big hole for themselves. I am disappointed. Thanks for the news.
As some recent rumors pointed out, Facebook's Globalcoin is deemed a stable coin, running on its own blockchain. Obviously a private own coin can't be something like bitcoin. It's more like XRP and totally against cryptocurrency's legacy. Even if facebook coin will be warmly welcomed, there's no way it could replace bitcoin.
Yes, facebook coins will be very difficult to replace bitcoin even though in public the response is very good, but to replace bitcoin will be very difficult to do, especially they are new coins even though born from a large company.
If it is going to be centralized, there is therefore no way it can be said to be able to compete with bitcoin. As far as i am concerned, no coin, not even the Facebook GlobalCoin can compete with BTC, irrespective of whoever might be behind it.
Well, i believe it will succeed, but let us wait for it to be lunched first to see how far it will go.
Well, i believe it will succeed, but let us wait for it to be lunched first to see how far it will go.
We may hear too much about the existence of certain coins that will become heavy rivals and maybe even replace the position of Bitcoin. But until now has this been proven?
The answer, "absolutely not".
This is due to several factors. Aside from BTC being the first crypto coin, BTC is also crypto that is most loved and trusted by investors, token holders and traders. This coin can also be used at several merchants. Value BTC is increasing every day. So, I feel doubtful if crypto initiated by Facebook can be a substitute or a tough rival for BTC for now.
The answer, "absolutely not".
This is due to several factors. Aside from BTC being the first crypto coin, BTC is also crypto that is most loved and trusted by investors, token holders and traders. This coin can also be used at several merchants. Value BTC is increasing every day. So, I feel doubtful if crypto initiated by Facebook can be a substitute or a tough rival for BTC for now.
i guess so, and i heard a lot about this project even they can send this GlobalCoin through WhatsApp...im very curious everything about this project, it is good way to make people learn and analyze about cryptocurrency but on the other side i think GlobalCoin will also treat Bitcoin and other cryptocurrency. Every kind of coin has its own excellence and deficiency, it will need many years for Globalcoin to build awareness among facebook users.
I guess it is far from rival of bitcoin. The globalcoin launched by facebook will only become an exclusive coin.
Facebook is already an established company. Unless they plan to divide the generated profit from facebook to the coin holders,
i doubt it will attract investors to buying the coin.
Facebook is already an established company. Unless they plan to divide the generated profit from facebook to the coin holders,
i doubt it will attract investors to buying the coin.
yes, I also heard the news that Facebook plans to make cryptoqurency itself, but it is still in the planning stage while Bitcoin has been around from the beginning until now, always growing well. I think it's still too early for globalcoin to compete with bitcoin.
Bitcoin takes a long time to become what it is today.in Crypto is not easy because new coins or new projects can grow quickly especially if the market conditions do not go well.
so I also agree that Bitcoin will still be the best for now and for a long time.
This will going to be one of the most awaited events on cryptocurrency space and the social media, what I can see on here is that, I can convince more people now as the power of cryptocurrency is approaching a greater market which is the social media. But I can't really think that it will be a big competitor to bitcoin.
Indeed, i am believe big investor wait for this because this is very promising investment. With member all around the world, facebook have a chance to dominate online transaction with their own globalcoin.
yes, I also heard the news that Facebook plans to make cryptoqurency itself, but it is still in the planning stage while Bitcoin has been around from the beginning until now, always growing well. I think it's still too early for globalcoin to compete with bitcoin.
Politics should not be distributed to cryptocurrency. This is completely stupid. Fb closes the largest global markets. Korea, China, Russia. For me, this coin has become interesting today. Develop like this GlobalCoin - the name does not justify itself. In general, the coin for the NATO countries. 
This will going to be one of the most awaited events on cryptocurrency space and the social media, what I can see on here is that, I can convince more people now as the power of cryptocurrency is approaching a greater market which is the social media. But I can't really think that it will be a big competitor to bitcoin.
To begin with, this is a good new quite alright, as one after the other they are changing their mindset about blockchain and the cryptocurrency, reason being that they don't want to miss out.
On the other hand, saying this coin will be Bitcoin rival is kind of an insult to Bitcoin owing to the fact it ( Bitcoin) didn't grow due to hype, but it grew due to what it offers, it underlying technologies, potentials etc which didn't happen in a day but took years. Then all of a sudden Facebook coin which is yet to start it's journey in the crypto world is now a rival.
Let's take a while and study Bitcoin then we will know who truly will remain the number 1 coin.
On the other hand, saying this coin will be Bitcoin rival is kind of an insult to Bitcoin owing to the fact it ( Bitcoin) didn't grow due to hype, but it grew due to what it offers, it underlying technologies, potentials etc which didn't happen in a day but took years. Then all of a sudden Facebook coin which is yet to start it's journey in the crypto world is now a rival.
Let's take a while and study Bitcoin then we will know who truly will remain the number 1 coin.
This FB coin will be nothing more than a centralized stablecoin. No matter what Zukerberg says about it.
Facebook have a long history of selling their users private data. Even when they implemented end-to-end encryption in WatsApp they are still keep saving backups of conversation on centralized cloud. FB usually bans everyone who does not support their liberal left ideology.
After that I would say that there is no connection between FB and true crypto market. Or maybe only a name.
I agree with you so well on this because I know that they are just creating this because they have made name for themselves and know that once people here that it is crypto related, they will definitely want to participate in it, though it would be of great help to the crypto world because it would help in creating more awareness to crypto market, and making more people than usual begin to trust in the market, so it's good we welcome it. Facebook have a long history of selling their users private data. Even when they implemented end-to-end encryption in WatsApp they are still keep saving backups of conversation on centralized cloud. FB usually bans everyone who does not support their liberal left ideology.
After that I would say that there is no connection between FB and true crypto market. Or maybe only a name.
Big news sites have confirmed that Facebook is giving a coin to them, with the market expanding and being welcomed by big technology corporations. Attracting new and well-known investors of crypto will make the market explode next year. But to be a rival of Bitcoin, I think not because Bitcoin has no new technology, but why is it always leading in this market. I guess most people think Bitcoin is gold
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,.
Indeed, how can you treat a coin that does not yet exist? Why can non-existent cryptocurrency FB already compete with Bitcoin? It seems to me that this is too much hype. This will be another coin, which is already very much. However, it will not compete with Bitcoin, that's for sure. 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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