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Topic: Bitcoin Expert: Facebook’s GlobalCoin Will Annihilate Ripple - speculation (Read 256 times)

legendary
Activity: 1694
Merit: 1003
Its not just a hype but a total mass adoption if facebook coin pushes its project this 2019, it maybe bigger than bitcoin but not in price but in popularity a lot of coins/token will lose its value once project libra launches, 
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
creating a hype but the community is not interested and what benefits of you holding it, since Mark said it will be pegged to U.S dollar.

I'm thinking about the big hype on Facebook coin, they are now starting to advertise their project and control the mind of the investors. Facebook coin and XRP are both centralized coin so I don't care much about who will be the next top 3 coin as long as BTC and ETH remains the top coins. Facebook coin already release their whitepaper (Libra Coin) I guess, I will read it and see if they really have the best future in cryptoworld.
I'm agree with you maybe this is just a big hype because Facebook platform very popular.
For me centralized coin isn't interesting because someone or group can manipulat different with BTC or ETH they have strong community support.
Hopely crypto lover's not trapped in Libra Coin hype
full member
Activity: 714
Merit: 100
I believe Facebook Libra will become a successful project in the future as Facebook has millions of users already that can be their future investors as it already build a deep foundation of trust among their users but it will not to destroy a certain coin but Libra will make the crypto market to become more healthy in the future.
full member
Activity: 714
Merit: 100
3... 2... 1... Launch!
Facebook's new GlobalCoin is not aimed at the same market as Ripple's they have entirely different use cases with one being for payments and the other for inter-bank transfers and there won't be a pump and dump involved because it will be a stablecoin
full member
Activity: 742
Merit: 144
creating a hype but the community is not interested and what benefits of you holding it, since Mark said it will be pegged to U.S dollar.

I'm thinking about the big hype on Facebook coin, they are now starting to advertise their project and control the mind of the investors. Facebook coin and XRP are both centralized coin so I don't care much about who will be the next top 3 coin as long as BTC and ETH remains the top coins. Facebook coin already release their whitepaper (Libra Coin) I guess, I will read it and see if they really have the best future in cryptoworld.
hero member
Activity: 2842
Merit: 772
Lol, Maybe FB's GlobalCoin will be successful, but annihilate Ripple? Just some friendly competition perhaps, but we all know that if we have competitions around, the product is being improved, so let's see how this battle of centralised coin will go in the future. Not choosing any sides though, but I do hope with GlobalCoin we might see more 'smart' investors joining the crypto-verse.
legendary
Activity: 3010
Merit: 1280
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Interesting article.  At least after all this FB news hypes there is one decent article that tackles something about FB coins that other writer seems to miss or ignore.



GlobalCoin Annihilating Ripple? In what sense?  Sense of centralization?  Yes sure Grin.  I bet Globalcoin already annihilate XRP in terms of centralization  just read the quoted article shared by the earlier reply.
hero member
Activity: 1470
Merit: 655
haha, there is nothing to Annihilate !!!

Ripple is just a shitcoin without any use that has a centralized company behind it that owns 100% of the premined coins which is the whole supply. every now and then they start pumping their useless shitcoin and make a couple of thousand dollars before dumping it again.

that is the whole point of Ripple! some other coin coming on even if it is from Facebook is not going to change that Cheesy
sr. member
Activity: 2506
Merit: 368
What do you think would a stable coin like facebook globalcoin do to any cryptocurrency? Even if it's not Ripple what would a new globalcoin do to annihilate such ripple or any cryptocurrency? I believe both coins are in a different area and will not ever compete in the market.

Just like what i've found: https://www.coindesk.com/nouriel-roubini-says-facebooks-globalcoin-has-nothing-to-do-with-crypto
legendary
Activity: 1904
Merit: 1277
Facebook's coin is just a stable coin that they will use for sucking up all of our purchasing activity in order to feed it into their behavioural modelling algorithms and then sell on to third parties.
I'm not really sure how it competes with XRP as its focus seems to be on a completely different area.
sr. member
Activity: 882
Merit: 282
Sourse : https://www.ccn.com/bitcoin-expert-facebook-will-annihilate-ripple-xrp/amp


What you think about it?

Which coins will not useful after Facebook coin?
In 2017 Ripple was great coin for Exchange to exchange transactions.

Facebook coin  ( project libre) will be in 2020. And pump will be in 2019 ? Before Facebook.
I never think it in this way and I thought both were established on different ideas. Ripple is the third coins based on market capitalisation and I don’t think Facebook will be a treat to ripples because it has a very strong foundation and some banks are behind it. If Facebook coins is going to have negative effects, it is going to affect every other coins through capital flow and not through technology .
full member
Activity: 798
Merit: 103
Don't compare Facebook's GlobalCoin with Ripple or any cryptocurrencies, as it should be a stable coin.
Compare it to USDT, USDC, DAI. It won't annihilate anything. Did you try to look what is GlobalCoin before creating this topic?
Why do you think there will be a pump of a stable coin? It will mean that the bear is back.
jr. member
Activity: 280
Merit: 3
BTC $1 mln.
It's ridiculous when people unnecessarily compare bitcoin, Ripple etc with Facebook Coin and it makes me begin to wonder if there are other utilities attached to Facebook global coins asides as a form of stable coin and for transaction within Facebook ecosystem
I agree with you, because I also see no reason to compare these coins, but people tend to make comparisons. People often say that some new coin will kill all the other coins, but this never happens because they forget that a community that simply does not throw a coin and does not go to FB Coin, is behind any coin.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
Sourse : https://www.ccn.com/bitcoin-expert-facebook-will-annihilate-ripple-xrp/amp


What you think about it?

Which coins will not useful after Facebook coin?
In 2017 Ripple was great coin for Exchange to exchange transactions.

Facebook coin  ( project libre) will be in 2020. And pump will be in 2019 ? Before Facebook.
I think so consider that will be more useful rather than ripple in so many aspects. As far as i know the facebook stable coin will also annihilate another stable coin like binance stablecoin, tether, TUSD, etc.
When a major player has already joined and this player will try to create a big monopoly and when it was getting a big success and then facebook will try to create so many business in various sector.
legendary
Activity: 2296
Merit: 2721
XRP has years of development behind it and some really good tech and Ripple has built some really innovative solutions. XRP will I think become the standard for fast cheap international payments.
Ripple has neither innovative technology nor will XRP ever be used by big banks due to its volatility. XRP had its chances in 2016 when they met an agreement with R3 (the top 21 banks worldwide) but failed to deliver and ended up in front of the court. This door is closed in my opinion. Additionally, XRP has a massive competitor on the banking sector: JPM coin which currently is already getting adopted by large Canadian banks
sr. member
Activity: 1078
Merit: 354
I think that's complete nonsense. Why would [insert random coin that is not a competitor with XRP and does not offer the same functionality] destroy XRP?

XRP has years of development behind it and some really good tech and Ripple has built some really innovative solutions. XRP will I think become the standard for fast cheap international payments.
Facebook coin has a big company behind it, but has offered zero indication that it will try to offer the same solutions as XRP.
member
Activity: 1103
Merit: 76
creating a hype but the community is not interested and what benefits of you holding it, since Mark said it will be pegged to U.S dollar.
sr. member
Activity: 661
Merit: 251
It's ridiculous when people unnecessarily compare bitcoin, Ripple etc with Facebook Coin and it makes me begin to wonder if there are other utilities attached to Facebook global coins asides as a form of stable coin and for transaction within Facebook ecosystem
member
Activity: 728
Merit: 11
https://streamies.io/
Sourse : https://www.ccn.com/bitcoin-expert-facebook-will-annihilate-ripple-xrp/amp


What you think about it?

Which coins will not useful after Facebook coin?
In 2017 Ripple was great coin for Exchange to exchange transactions.

Facebook coin  ( project libre) will be in 2020. And pump will be in 2019 ? Before Facebook.
I have no idea about the annihilation between altcoins, because listening to them is absurd. Each altcoins represents a different service of them, we cannot compare between such altcoins.
But I believe that Mark's Globalcoin will be welcomed by many investors and pushed its value many times in the future.
I have heard that they will start publicizing the whitepaper on June 18, just wait and see. Wink
sr. member
Activity: 1260
Merit: 251
No matter what will happen to the ripple, whether ripple annihilate will have a negative impact on the market, I don't think so. I hope globalcoin can bring new enthusiasm into crypto and can attract users of its platform to engage in the crypto ecosystem. Can you imagine how many users of the platform (Facebook, WhatsApp and Instagram).
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