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Topic: Facebook coin is a global threat to BCH? - Do you agree? (Read 273 times)

full member
Activity: 336
Merit: 100
You are mistaken because Facebook is one of the largest social networks in the world and creating your own cryptocurrency is just following the market trends and no one else plans to destroy another token as it is stupid.
legendary
Activity: 3276
Merit: 2442
That article is full of shit. That's what happens when you hire random retards to write complete bullshit articles for you.

Bcash was never relevant enough to be the world currency. (neither is facebookcoin) The article compares one shitcoin with no real usage at all to a coin which doesn't even exist. (fbc)

What's really happening is, bcash is dying. It is not facebook who 's killing bcash. It is the daddy. Bitcoin.
sr. member
Activity: 910
Merit: 251
lately the issue of facebook coin is often discussed, honestly I am still confused about how the FB coin projections and will be used in the future. So far there has been no announcement and official white paper from Facebook about the project existence. how can we deduce the threat to the BCH or other cryptocurrency if we don't understand how Facebook coins work. and I don't want to guessing.

You maybe right that until now there's no official white paper for this coin. However, the mere fact that facebook has a reliable and vast network, this is considered a real threat for BCH. Bitcoin Cash is continuing doing its best to show in the people here in cryptocurrency regarding its network. But, seeing facebook that might doesn't need much effort to advertise its network capability will threaten BCH.
sr. member
Activity: 1316
Merit: 257
lately the issue of facebook coin is often discussed, honestly I am still confused about how the FB coin projections and will be used in the future. So far there has been no announcement and official white paper from Facebook about the project existence. how can we deduce the threat to the BCH or other cryptocurrency if we don't understand how Facebook coins work. and I don't want to guessing.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
Hello everyone!

I just came across this article: https://www.newsbtc.com/2019/06/11/facebooks-global-coin-is-a-threat-to-bitcoin-cash-bch-down-3-7/

I don't know guys if you agree with this or not. I mean that FB's global coin hasn't launched yet in the market, but I was kinda curious about their claim of being a legitimate threat of Bitcoin Cash due to the number of users and their broad base.

It claims that they will be disrupting public chains such as BCH. I've met with BCH founder Roger Ver twice in Philippines and Hongkong. And possibly I would meet him again this month with my colleagues in the Philippines again, and I might let him comment about his thoughts about Facebook coin being a legit threat.

What do you guys think about Facebook coin being a legit threat to Bitcoin Cash? I would love to hear your thoughts about this no matter if its positive or negative.

Thanks in advance!
The creator was thinking if BCH is the biggest coin to compete with facebook global coin and that was a big joke that created by him.  Cheesy
Globalcoin will become a threat for all of the stable coins especially new stable coin that will be created by binance and another company.
A very well known company created a coin and i don't need to say how much people will FOMO to the global coin.
member
Activity: 658
Merit: 10
I think we better have to wait until Facebook's coin launch in the market. If the coin luanch then we can compare it with bitcoin cash. But I think it will not gonna be easy to take down bitcoin cash from its throne. But we'll see soon about these two head to head in the market.
sr. member
Activity: 594
Merit: 250
we can't make sure that facebok coins can threaten bitcoin cash Bitcoin Cash already has everything from volume, community and exchange we better wait after the coin facebok appears on the market, we just know, what is the value of the facebook coin on the market

It can be a threat in terms of the existence of the facebook coin itself. Disrupting the whole cryptocurrency considering the wide range of coverage of facebook may affect bitcoin cash. Investors may shift to a more stable coin that facebook is claiming.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
we can't make sure that facebok coins can threaten bitcoin cash Bitcoin Cash already has everything from volume, community and exchange we better wait after the coin facebok appears on the market, we just know, what is the value of the facebook coin on the market
sr. member
Activity: 784
Merit: 250
How could we determine if the upcoming creation of facebook stablecoin is a treat to BCH if there's no idea of the functionality and purpose of facebook coin. Let's wait until the release of the whitepaper.
full member
Activity: 1358
Merit: 100
I don't think that this facebook coin threat to BCH or even any altcoins, well we don't yet in the future, facebook coin is not yet launch. I think facebook coin is a normal crypto to me, the market will not affect if this coin is launch.
copper member
Activity: 308
Merit: 1
No doubt this will have the attention it deserves due to the hype that goes with it but a lot of enthusiasts are not happy it is coming at this time, especially after Facebook had banned the advert of cryptos on their platform. It may still be one of those regular coins and may likely not top marketcap earlier and go down eventually.
member
Activity: 266
Merit: 18
The Facebook coin is a stable coin, if it says it directly affects any current project, it must be Ripple. Facebook coin is created with the aim of creating an effective payment tool for their existing ecosystem. so it will be a stable coin, if it says it will affect the BCH it is absurd.
full member
Activity: 1382
Merit: 105
As you know crypto huge adopting by financial institutions and also attract by Facebook that's why issuing Facebook coin,after launch may be little affect on BCH.
full member
Activity: 429
Merit: 100
For me talking about something that has not been circulated or launched (Facebook global coin) will only waste time in vain. I think Global coins, will not be a threat to Cash Bitcoin. I was waiting for the launch, but I did not need to compare it with the others. What's the problem? If it does prove to be a threat, leave it alone.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
I actually dont care with this comparison since it has been mentioned that these two are centralized. But it is obvious that they are putting fb coin into hype to make investors FOMO when it has launched.

You know the sentiment of the people here about BCH because majority doesnt really like that coin.
full member
Activity: 714
Merit: 100
Come on... Everyone keep talking about Facebook coin. There is no Facebook coin here. If they release it, then we can talk about it!
Yeah, you are right. There is no threat to any altcoin before it will prove it. It is true that many people talk about Facebook coins and in the near future it will happen. So we wait for the facebokk coins to exist first and then we talk about the threat to other altcoins.
copper member
Activity: 448
Merit: 0
StableDex | Decentralized, Secure & Cost Effective
I dont know why someone will ever think of Facebook coin and bch are rival when they are not same coin forked from bitcoin and are jit having any related issue or target consumer cos Facebook coin is even not here yet for almost a year now we have been hearing the news and till now nothing has happen but we can't even compatlre the two but all alts and will do their separate thing in the market and every one will see what market take of them .
member
Activity: 378
Merit: 14
Come on... Everyone keep talking about Facebook coin. There is no Facebook coin here. If they release it, then we can talk about it!
jr. member
Activity: 256
Merit: 2
I think FB only launched StableCoin. And it will not pose any threat to altcoin. All are just rumors to create ads for FB coins.
copper member
Activity: 547
Merit: 0
I don't know much about Facebook coin. This article can't be 100% true. Though the crypto space is big for everyone i don't see how facebion is going to be a big threat to BCH.
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