Why Facebook's Globalcoin Will Destroy Bitcoin & Embrace Bitcoin MYK

Hey you, welcome back to the channel. And today we want to talk about why Facebook Global Coin may end up destroying Bitcoin and why there will be an embrace of Bitcoin MYK in the process. So first we need to take a stroll down memory lane and we're going back around the dawn of the internet, right? Right, and the emergence of social media. Um, and we start to get social media sites like Friendster and MySpace, these dominant projects that started, uh, the phenomenon we have today, uh, with the great impact of social media. But the Titans of their day are gone now. They were very instrumental in bringing about, uh, bringing about the, uh, the rise of social media like Facebook and Instagram, what we see today. But Facebook and Instagram weren't the first, right? They weren't the Titans. They started off as some obscure a social media site with 500 users, probably less than that, getting up to 1,000, couple of thousand users around college campus. That's kind of interesting mirroring because if we take a look at something like BitcoinMYK.com, we're around about maybe 400 users right now, 400 wallets, um, not quite 300 registered users. So we're just now getting out of the gate. But, uh, it's just kind of interesting to think back and look at all of these titans. If we go to peer-to-peer networking, remember we had Napster, but what was the end result of that? BitTorrent. Are y'all starting to see a pattern here? Are you beginning to see a pattern? So why did this happen? Why Is this a case where, uh, the first movers didn't, uh, or weren't able to keep their lead when they had such a very, uh, uh, good start and a good lead against, uh, beyond everyone else? Well, in careful examination, I think we begin to see, uh, that the problem is, uh, a lot of projects in their positions didn't improvise, right? They didn't adapt and they didn't change. Uh, how's that? Does that sound familiar to something? The never-changing Bitcoin. Um, and so, you know, in that way we begin to recognize many similar patterns that might not be good in any end result for something like Bitcoin. Now I know a lot of people love Bitcoin and they go, well, oh no, you know, you're making a mistake. This is something totally different. Facebook doesn't get it, or the, or, you know, ideas like the Facebook cryptocurrency doesn't get what cryptocurrency is all about. And, you know, because of that, it's not gonna work that way. And right now Bitcoin is number one. Well, that might be true and that might be the case. That is, that is one, uh, future prediction of what's going to happen with Bitcoin. But then there's a other, there's another prediction where we end up with something like this integration of social media into cryptocurrency that really works. Because we have to keep something in mind here, that these networks are the lifeblood of the entire structure of how we use the internet and our online activities. Our connectivity is at the root core of why all this works in the first place. Right now, uh, it makes— I think in a perfect world that many of us would be, uh, conscious of the importance of privacy and security and censorship, right? But none of these things are characteristics anymore that could be attributed to Bitcoin. You know, we know full well that Bitcoin is not private. We know that the network isn't totally secure. Uh, you know, it's, it's almost had a severe, uh, inflation bug that kicked in. Uh, we know that it's not totally decentralized. Uh, some of us believe it's been hijacked and controlled by other people. So whereas in a perfect world these ideas, uh, are, uh, how as a society we should be thinking of how we should be careful with our privacy and our security and who could controls what. Um, you know, we don't live in a perfect world that exists like that, and people don't think like that. It's, it's kind of akin to, uh, trying to understand why people vote for certain political candidates. And you go, wow, I just can't understand or see why they will vote for such a person. And, uh, you know, you know, how could they do that? Then half the country's polarized or divided, right? And you just can't figure out that other half. And that's where we're at with that issue of privacy and censorship, right? There, there are levels to that that some of us agree with partially and totally, uh, and, uh, the security versus, um, over freedom idea, uh, is all mixed up in that, and it becomes quite philosophical. But anyway, let's get into why Facebook Global Coin will destroy Bitcoin. And it's all very simple, right? It's very simple. So we know that Facebook's already set up to be, you know, it's already set up and works. This great product, this large social network that has the biggest network in existence of the history of the world. You know, that's already there, and all they need to do is add value and, uh, a currency to that, and they have an entire economy, right? So Facebook already has, uh, mostly everybody's data, uh, everybody's kind of tied in. And it's not a whole lot that a person has to do, uh, to participate and be involved. And they're more likely— they're more than likely will, you know. It's very unlikely that the 2.5 billion Facebook users are going to complain about some integration of a wallet system, cryptocurrency system. They're just going to see it like something like PayPal and many other payments, online payment systems they've used up to now. Uh, and it's gonna— it's just gonna be more convenient to them as it's gonna address many of their online concerns, purchases, the usefulness of a type of online banking that they'll automatically have access to, as well as the already vast network they have with their community and throughout the internet. And these are very straightforward, user-friendly processes that work very well, right? The identification and user-friendliness of social media. You know, I, you know, I can't stress enough the importance of when a person is able to easily adapt to a product based on something they already use, right? And have been using for decades now. So You know, all these things are going to factor into a great deal psychologically. So the reason that, you know, if that's not obvious enough, that just the simple user interface of it, the disconnect between how, what people view as the dangers between privacy and censorship, um, you know, and the accessibility of, uh, you know, what Facebook already offers to the entire world. You know, if those things aren't enough to help you paint this picture and understand why it'll, you know, be this thing that could destroy, you know, Bitcoin, it's also within Bitcoin. There's just not going to be much more evolution of Bitcoin, I don't think, to the point where people are going to want to put enough investment into a project like Bitcoin. Also, the structure of Bitcoin is quite, I believe, dangerous at this point in time because what you have with Bitcoin is you have a product where, you know, it's the number one cryptocurrency. It's under, what, $200 billion now? And you have it threatening the systems, you know, here now in place. That trumpet, uh, several times over. You know, as to say, think about it from this perspective. If you saw a very dangerous, uh, industry-ending product coming up, coming up on the scenes, right? And you alone, I mean, just in your private, uh, uh, finances, can buy up 10, 20, 30% of this thing. Who do we, who do we really think at the end of the day who's in control of most of these Bitcoins out here? You know, a lot of these social network CEOs and a lot of the board of directors and management teams are the very people that are buying cryptocurrencies like Bitcoin. Isn't it like Jack Dorsey who's buying tons of Bitcoin all the time? And those are just the people who are announcing, you know, we don't know exactly how much they have. But when we contrast that back to somebody like Mark Zuckerberg, who doesn't do anything without having a very clear path forward and an end result that he's probably a 90% chance he's going to achieve, do you really think somebody like Mark Zuckerberg would go on a, on a, uh, uh, you know, on an adventure like this without thinking this thing through to the very end? Uh, every step of the way. We've seen what he's done with Facebook. We've seen what he's done with every social media that's tried to, uh, cut him off at the knees. He just goes in, either buys them up or he's going to control them some type of way. And I, I find it hard to believe that cryptocurrencies like, you know, Bitcoin and many others are somehow resistant, you know, to that. With their prices being so significantly low. You know, one time, you know, Bitcoin's $50 billion, $70 billion market cap. You know, these guys can buy up almost all the Bitcoin, you know, if they wanted to. And the thing is, you don't need to buy all these cryptocurrencies, right? Uh, you know, that's why a lot of people believe is that's what a lot of this manipulation is coming from. You know, whether it's something like Bitcoin or Ripple XRP, uh, you know, many of these projects were earlier financed and funded and greatly owned by a lot of other people involved. You know, that now, as much as people don't like, as much as people don't like Bitcoin Cash and Roger Ver, well, a lot of people don't know is people like Roger Ver is like some of the earliest backers and investors in the projects like, you know, Ripple XRP. But I'm just making the point to say that, uh, you know, I think it would be very naive to think, uh, so-called threat to the entire, uh, systems, the most powerful systems in the world, where prices are so low, uh, wouldn't be very much, uh, these people, these groups wouldn't be very much well positioned, um, into them. And I don't think we need a lot of evidence of that. I don't think we need to do even a lot of research to that. I think from a business perspective, from a securities perspective, from a corporate security perspective, that something like that to a great degree will probably just tread along the lines of common sense, right? You know, you don't really think that these powerful systems would sit back and just wait and see what happens, do you? You know, and for the ones who do believe that, Uh, your MySpaces, your Friendsters who weren't able to adjust, who maybe got comfortable in a, uh, in their leading position, their number one position. Uh, the Napsters, they're no longer around here anymore, right? You don't even— if I wouldn't have brought them up today, you wouldn't probably never even thought about them. But don't lose sight of this is the course, this is the very course that Bitcoin is on, right? That Mark Zuckerberg and people like him, uh, and it just doesn't have to be Mark Zuckerberg, it could just be a group of industry leaders who've all bought into Bitcoin and they can manipulate and control it at every step of the way if they wanted to, right? So that's not really, you know, security. If you could do that for— in fact, If I can go in and I can manipulate your cryptocurrency very easily like that, I don't really— to me, that is a, uh, that is a, uh, a breach in the security of your project, right? Is that fair to say that that's pretty much a breach? But anyway, let's get to why this is going to lead to something like Facebook, uh, not only destroying Bitcoin but then later having to embrace projects like BitcoinNYK.com what you're looking at now on your screen. And it's very simple reasons, very simple common sense reasons why this is going to happen. And so let's try to paint a clear picture for you all. So the biggest pro— the biggest situation that cryptocurrency has been the educational process, and that has to— has been to do with the high level of technical aptitude. Not only does it take to understand cryptocurrency, but to operate it. The wallets, uh, the syncing, uh, the exchanges, uh, how do I get my money out of this thing, how do I put it out to a level where the average person can use this technology in a very busy day-to-day life, right? Takes time to learn this. That, that time translates to value of money a lot of people don't have. So Facebook is going to on its own dime educate everybody, beginners, beginning levels into cryptocurrency. And as thanks to that and gratitude for that, these people are going to be loyal to Facebook, not Bitcoin, not Ripple XRP, not your some obscure cryptocurrency or your cryptocurrency, and not even my cryptocurrency Bitcoin MYK. But it's only one reason they're gonna use BitcoinNYK and be loyal to it, and we're gonna connect the dots as to how this is gonna occur. So BitcoinNYK.com is a very simple website, but you know what else is a very simple website to use? Facebook. And you know what else is going to be very simple for Facebook? Wallets. And, uh, using, uh, in the system that they designed that's going to be so user-friendly, it's going to be the most user-friendly system. We know that because Facebook has hired tons and tons of cryptocurrency developers, and, uh, you know, they aren't— they don't need funding for their projects. They already got a war chest of funds to give these developers whatever they need to create a streamlined product with what you're going to get with Facebook, right? So that's going to happen whether you want it to happen or not. It's going to happen, and it's going to be very useful to people. And these new people that are trained are going to be loyal to Facebook Global Coin. They're not going to come over and be loyal to Bitcoin, and they're not going to quickly and easily adapt some narrative of censorship, uh, and privacy. Um, and of course we know the privacy part is already false. That's not the case at all with Bitcoin. But I don't think they're gonna even embrace the censorship idea as much as we believe they would. Now I side with we should embrace privacy and censorship, uh, and that we need these things to exist, but it doesn't rank high enough on the, uh, concerns of people at this point in time. I gave— I, I broke it down in one of my earlier videos where I said for that to happen, it would take a dramatic data breach of users on these networks for that to happen. I gave an example of a city where they didn't put up traffic lights at an intersection that end up killing a bunch of people, and then they got traffic lights there. That's how it's going to work with this. But let's tie it all together now. So here's what you need to understand. People are going to use what's easy to use, what's, what's easy to understand. And it is not by accident that BitcoinNYK bot bears a striking resemblance to what you get with the Facebook, uh, interface. It has a chat room, has all the warm and fuzzy social network features that people are accustomed to use it, used to use it when they got need a question, when they need to get in contact with some people, when they need to feel part of a community and a network where Bitcoin is just so isolating, isn't it? Bitcoin is so isolating that for people who are adapting over to it, they're going to have this very lonely experience trying to learn how to use these cryptocurrencies, and that's not a good way to introduce people in. So Facebook's going to educate everybody. But Facebook's going to educate all these new users, billions of them, how to use Facebook-like projects or products, right? And that's what they're going to be comfortable using, and that's what they're going to want to use. But what else they're going to want to use is something like Bitcoin NYK, because Bitcoin NYK feels exactly like these social network interfaces, even looks like them when they're looking around. They're going to be looking and moving around their dashboard the same way. They're going to be moving around their menu in the same way. But it even gets better with that with BitcoinNYK.com. You earn it from the participation in the network, much like Facebook, but you earn the cryptocurrency. But it's even better than that. It's called BitcoinNYK. Because it does something unique. It facilitates— it uses social profiles, social media profiles, to identify unique accounts, and which now we're able to become a Bitcoin sidechain as well, right? So you're looking at a hybrid of Bitcoin meets Facebook and BitcoinMYK.com, and that is the only way to defeat something like Facebook Global Coin, and that's going to be the only way for something like Bitcoin to mass adopt. Now I know people who are Bitcoin maximalists and believe in projects in the cryptocurrency space in that way, and I've made this point several times that the proof-of-work algorithm is in danger in the future of going away, uh, and that can make Bitcoin obsolete. Facebook Global Coin is going to educate billions of people in the cryptocurrency, but not into Bitcoin, into Facebook Global Coin. They're going to be comfortable using it, they're going to feel more secure using it, and they're going to use it. It's only going to take something very similar in idea, in, in, in, in, uh, ease of use to attract these people. And if you think that they're going to go from something like Facebook Global Coin to, uh, Bitcoin, uh, I, I think you're, you're, you're, you're not quite understanding human psychology when it comes to using projects and, uh, products in our day-to-day lives. It is more likely they will move to something like BitcoinNYK.com. Now BitcoinNYK.com, we're just sitting back because we're riding the train of two catalysts that are going to happen real soon here over the next few months. One is going to be Facebook Global Coin, and the next is going to be universal basic income, which is a big topic in the United States right now. Uh, and it's going to blow up over the next few months, and all of these things are going to pull in the masses, but not just pull them in. Make it very easy for them to use this technology and get use from these products, right? Now the next part to why they're going to easily embrace something like BitcoinNYK.com after you've listened to all the other reasons, if we go over here, I'm going to try to find our wallet here on menu screen, and I'm going to click on, uh, wallet, but I'm going to pause the video because I don't want you guys to see my login credentials. So I'm inside one of my wallets now, and as you can see, I have a ton of Bitcoin. So when I click the wallet, this is where you go. Uh, what we are is a universal bridge cryptocurrency, and we're using blockchains as a way to move, uh, represented Bitcoin value from blockchain to blockchain. And our own blockchain is now in development, and it will work in unison with these other blockchains. Uh, and that's going to be very interesting to see and very interesting to watch, uh, because I think it's going to offer up a lot of solutions. But really what I want to show you all is inside this wallet, right? Um, the Bitcoin MYK cryptocurrency exists, and let me get down here. Um, And it's under Miko's Coin, uh, but this is the BitcoinMYK project. Um, now the thing is this, this is one of the easiest wallets to use, right? And so how you use it, if you look at the bottom part of the screen, uh, it has an exchange built in it. This is part of the Waves DEX, and their mobile app wallet is one of the easiest to use. I mean The reason this is so important to have a wallet set up like this, and our wallet that we're designing will be very similar to this, but keep in mind, as a universal bridge cryptocurrency, our token exists on multiple blockchains. And what we do is this value is mirrored on every blockchain. So it's a very ambitious, interesting project, kind of reminiscent of Bitcoin Lightning. So it does facilitate and serve Bitcoin. We're not anti-Bitcoin. If you have Bitcoin, you don't even have to buy Bitcoin MYK, okay? You get it free, right? Uh, but what it does is it gets right all the things that Bitcoin is missing and what will end up being Bitcoin's destruction. And so Bitcoin MYK is going to be embraced because it's going to end up being the best solution for all of that. A lot of people say Bitcoin is number one, but There are so many other projects that have been number one throughout the history of this business, and I can— we can cite that, uh, on and on, these great projects that no longer exist. But this is so very important because look what happens. A person— very easy to use. When you hit the, um, the diamond here in the center, that's your button to send, receive, and, and do all those things. Um, that easy. The, the next button to the left that looks like the candlesticks, that's your DEX, right? That's your Waves DEX, right? And you can see again the BitcoinNYK project trading on the Waves DEX. Uh, we go here back to, uh, the send button, and I'm just going to hit send. And then you just enter your information and that's it, you're done. Everything is there. Everything's integrated into the wallet. Very easy and very simple. And what's going to happen is Facebook's global is going to be set up something similar to the same way. And people are gonna want to use products that are just like this. Waves is very fast. Uh, it'll work great as a Bitcoin sidechain as well. And we're only integrating into wallets and blockchains that have these capabilities, you know, things that kept the user in mind, because our research shows that that is what's going to matter in the end. That's all that's going to matter to people, you know, is they don't care about all the technical details of these projects. I, you know, I know a lot of people, you know, a lot of developers, as it were, It makes them feel good to be special in their own private group, you know. But the average user doesn't care about those things. He's going to use what's useful to him. So with that narrative that a lot of us have in the cryptocurrency space, uh, you know, it's not going to hold up. I'm telling you all, it's not going to hold up. Uh, projects like Facebook Global Coin, BitcoinMYK.com, are going to, uh, by landslide move past these projects. And it's just, it's just simple logic reasoning and deductive reasoning, right? And history will show, if you look back into it, that that has been the case. Um, now of course a lot of projects will begin to adapt, and many are But there are certain advantages that they're still not going to be able to get that Facebook Global Coin is going to have. Facebook Global Coin is going to have a lot of money. They're going to have a lot of vendors and merchants. I mean, you can't even really compete with them because they already have the whole world. It's like saying, you know, it's like starting at the end. It's like if I picked up a book and I'm at the end of the book reading. That's what it's like for Facebook Global Coin. There is nobody to compete with, uh, with BitcoinNYK.com. Uh, we're the only project I think will rise from the— rise up from the ashes that are left and be the only thing compelling enough to compete with Facebook Global Coin because it offers universal basic income and it offers Bitcoin holders value back to them without purchasing another cryptocurrency, which many projects want you to do. Many altcoins want you to do that, right? If you take something like the Lightning Network, what they're forgetting to tell people is to move that Bitcoin, you still got to pay quite a bit of fees to move it. Then you got to hopefully be dependent on the payment channels that facilitates what you need to do. But don't take my word for it, go and study up all the pros and cons of the Lightning Network and see what you come up with. With the BitcoinNYK project, you don't even move your Bitcoin. You hold your Bitcoin in your wallet and you just claim the Bitcoin. And there are many videos on our channel that shows you how to do that and explains in detail how this project works, right? But this is what it's going to end up being. I'm sorry, guys, it's not going to be Ripple XRP. You know, look at all of the arguments against Ripple XRP. I know a lot of you love Ripple XRP, but it's not going to be that because all these projects, and many of them suffer from the same problems. If they are efficient like Facebook Global Coin, they lack decentralization. Same thing with Ripple XRP. And if they are, uh, decentralized, they lack ease of use, which is Bitcoin and, uh, Litecoin and the rest. But when you look at something like BitcoinNYK.com through using a democratized social network will, we believe, achieve the most decentralized platform in the history of cryptocurrency. And then it also has the scalability through use of blockchains, uh, in hybrid algorithms, right? And then it has the Bitcoin value, uh, linked into it by the Bitcoin holders being able to claim it. without buying, buying any. Uh, you know, this becomes a product that, uh, dots a lot of i's and crosses a lot of t's, doesn't it? But we invite you to examine it, take a look at it. Don't let it sneak up on you like Bitcoin did. Even if we're wrong, it won't hurt you anything to try the product for free and get our cryptocurrency for free. Through our Proof of Participation model. Won't hurt you at all. But what can hurt you is ignoring it and seeing our product and seeing our omens or our predictions come true, uh, and, uh, we're going, I remember hearing about that project, I didn't take advantage of it. It wouldn't have cost me a dime when it only cost me a few minutes of my time to look at it. And at the very least lose 2 or 3 minutes, or as opposed to potentially losing 2 or 3 million or 2 or 3 billion dollars. But that's all I got to say in this video. I love to hear you guys' opinions about this Facebook Global Coin. Do you think it's a danger? Uh, try out BitcoinNYK.com. Let us know if you see any holes in it or if it does hit right on with everything that we're saying. And don't forget to like, subscribe if you like content like this. Until next time, take care.