Is Facebook Coin A Threat To Bitcoin

Is Facebook coin a threat to Bitcoin? Short answer - no.

Bitcoin is a currency that operates on a decentralised, permissionless, censorship-resistant blockchain. The 3 key words there are:

1. Decentralised
2. Permissionless
3. Censorship-resistant

The word blockchain takes a back seat to these 3 important concepts.

Facebook is none of these 3 things. Therefore, Facebook coin is zero threat to Bitcoin.

Instead, Facebook coin is a threat to traditional banking. Now that will be an interesting fight to watch.
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