Global Coins Doesn't Have anything to do with Blockchain

arjuna BTC

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Quote from: CryptoLogo on June 21, 2019, 04:54:10 AM

This is a very controversial question, there is no definite answer to it. Whether this is a cryptocurrency or not, I believe that there are not, and many factors speak about it.

yes, and if this is not a cryptocurrency, maybe the right name to called this coin is digital currency
and the bad thing is this coin is "controlled and centralized , and that same with paypal, netteler or others maybe
but, maybe no body know until this coin born and tradeable in the market

anatolij.shishkin

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Well yes. Just e-money is nothing more. Supported by American government. Using the palette in cryptocurrencies in other branched countries. I do not know, look at the finished product. And to inflate here the information background on the available product is not worth it. All blogs are screaming all around. Bitcoin almost 10,000 is interesting.

CryptoLogo

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This is a very controversial question, there is no definite answer to it. Whether this is a cryptocurrency or not, I believe that there are not, and many factors speak about it.

Yoshinoya

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Nouriel Roubini revealed that:
"The DLT company [distributed ledger technology] is blockchain only in name ... so some loyal crypto might approve that."

"But in my opinion, blockchain without decentralized public trust is just a dream ... so we don't agree with this," he concluded.

tsaroz

legendary

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The global coin from facebook would have it's own blockchain so it has everything to do with blockchain. Otherwise they would have not hired blockchain experts to work with.
But as the coin would be highly regulated and watched over, I'd not give it the category of a cryptocoin. And it's a stable coin limiting it's use as investment.
We still have many things to see and know and things would be clearer after the development.

jrrsparkles

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If a stable coins uses their own blockchain for trnsaction then nothing to do with others and even more usage of blockchain nothing to do with its price and the investment from big companies.A common man who want to make profits from crypto investments will never choose a stable coin because it is supposed to have the stable value so the value keep decreasing through inflation so chances of getting into it very less.

AltcoinsBattle

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If they use blockchain, then they are still blockchain coins. But whether all these coins are cryptocurrencies, that is the question. As long as I am not sure of a positive answer to this question, I will not contribute such assets as Global Coin.

leea-1334

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Of course it has nothing to do with blockchain except that it uses one. And you know what else,,, 99% of the coins in this altcoin discussions are also have zero to do with blockchain,,, and some are not even using a blockchain except that they are issued on blockchain. I am talking about most of the ERC20 tokens, stablecoins like Tether and stupid coins like Ripple. We are kidding if we think they are 10% of BTC.

passwordnow

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This is the source for that news: https://www.coindesk.com/nouriel-roubini-says-facebooks-globalcoin-has-nothing-to-do-with-crypto

Quote from: Leonardo7 on June 19, 2019, 06:20:03 AM

then I should have no reason to invest in it

A stable coin is no way as an investment, dollar has inflation and if this stable coin will have dollars on its back then it's also bound to be eaten by inflation.

Leonardo7

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Let's see how this unfolds as events take place. If there is no Proof-Of-Stalks, then I should have no reason to invest in it, except using it as a stable coin during trading and occasional fund movement, depending on how fast it will be in the conformation of transactions and the transaction fee. We can't deny the fact that Libra coin may usher in a bull run to even surpass BTC ATH.

Yoshinoya

full member

Activity: 335

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Nouriel Roubini: Coins have nothing to do with Blockchain

Roubini, also known as Dr. Doom because he predicted the bearish market that occurred in 2007 and 2008, said in an interview that:

"The coin has nothing to do with the blockchain. Fully private, controlled, centralized, verified and authorized by a small number of nodes that are permitted. So what is crypto or blockchain? There is no. "

Reportedly, this social media giant now has several main supporters for crypto currencies that are expected to get support from many fiat currencies.

Supporters such as Uber, MasterCard and PayPal will invest around 10 million dollars in the project because of their status as part of the token management body.

Although he acknowledged the fact that the details of the project were still unknown, Roubini said that Global Coin might not use general blockchain technology such as proof-of-work or proof-of-stake. "Why is that?"

Although many people in the crypto ecosystem have condemned those who refer to Facebook coins as cryptocurrency, he denied being in the same caucus.

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