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?
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".
