It may sound like a 2014-era shitcoin, but Globalcoin is this year’s most anticipated new digital asset. It doesn’t matter that it’s not decentralized, not permissionless, and not even crypto. The only question that really matters is what does Facebook’s currency spell for bitcoin? Will it steal its thunder or accelerate bitcoin adoption? Also read: […]
The post Facebook Globalcoin: Bitcoin Killer or Bitcoin Multiplier? appeared first on Bitcoin News.
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There is a growing focus on Facebook’s recent digital currency announcement. Known as GlobalCoin, many people expect this venture to disrupt the appeal of cryptocurrencies such as Bitcoin. As is always the case, there are still a lot of unknown factors which need to be addressed. Some interesting aspects of Facebook’s currency are known already, but it is always important to keep one’s expectations in check. GlobalCoin isn’t a Cryptocurrency Rest assured there will be many people who draw parallels between GlobalCoin and Bitcoin. While that is only to be expected, it is rather apparent Facebook’s venture cannot be a
The post Top 7 Reasons why Facebook’s GlobalCoin Could Fail appeared first on The Merkle Hash.
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