The cryptocurrency made by Facebook "Global Coin" is a very impressive phenomenon among the crypto community, economists and social media observers, Nouriel Roubini, economists, and crypto estimators expressed their views on Facebook coins. According to Roubini, crypto made by Facebook is not the real crypto.
Roubini said in an interview:
"The coin is not approved by the Blockchain. It is completely private, controlled, centralized, approved and approved by a small number agreed upon. So, is it crypto or blockchain? Nothing"
This Facebook Ptoyek is reportedly supported by Uber, MasterCard, PayPal, and other companies that also invest around 10 Million US Dollars because they take part in managing tokens.
Related article Globalcoin has support from Visa, Mastercard & Uber
Despite not knowing the details of this project, Roubini said that Globalcoin might not use blockchain technology such as proof-of-work or proof-of-stake.
He also revealed:
"DLT companies (distributed ledger technology) are blockchain only in name ... so some loyal crypto is probably the problem."
"But in my opinion, blockchain without decentralized public trust is a dream ... so we don't agree with this," he concluded.
At the end of last year, Facebook revealed that they will introduce their cryptocurrency version and are expected to be used in various messaging framework applications that contain Facebook Messenger, WhatsApp, and Instagram.
