Q. Why is GlobbleCoin neither a true cryptocurrency nor a threat to Bitcoin?
my answer: because its just going to be used to make more money of the dorks who use pukebook
Q.What requirements and restrictions will GlobalCoin users have?
my answer: give your soul and sell your grandma
Q. Who will they compete against?
my answer: they are competing against the concept of bitcoin becoming an internet currency and therefore global. They are competing to mainstream something to throw a smoke screen and sway the masses away from bitcoin and alts.