On Thursday (August 18), David Marcus, Facebook’s former Head of Messenger and Head of Crypto (extra particularly, the Head of the Novi digital pockets), is a giant fan of Bitcoin; sadly, along with his newest reward of Bitcoin, he appears to have upset some supporters of Bitcoin.
Between Could 2018 and December 2021, Marcus was working at Meta Platforms, Inc. (beforehand generally known as Fb, Inc.) on the Novi digital pockets undertaking.
In line with a report by CoinDesk revealed on July 1, on today, Meta introduced on the Novi web site that “the Novi pilot is ending quickly” and that Novi would “not be out there to be used after September 1.” Per the report, “starting July 21, customers will lose the power so as to add cash to their accounts and “Novi’s WhatsApp account and the Novi app may also develop into unavailable.”
The CoinDesk report went on to say:
“Novi, initially generally known as Calibra, had been Meta’s pockets for its libra stablecoin (later renamed diem) revealed in June 2019. Its position shifted as regulatory pressures pressured the stablecoin undertaking to vary course. Novi grew to become a money-transfer pilot for crypto-based remittances in 2020 – nevertheless it by no means acquired past the U.S. and Guatemala.”
On 30 November 2021, Marcus took to Twitter to announce that he was leaving Meta on the finish of 2021:
Then, on Could 12, Marcus introduced on Twitter that he had created a brand new firm known as Lightspark so as to “discover, construct and lengthen the capabilities and utility of Bitcoin”, and that they had been going to begin by specializing in the Lightning Community.
He went on so as to add:
“Downturns are good moments to deal with constructing and creating worth with mission-aligned individuals. We’re excited to dive into Lightning, be taught extra, and work alongside the neighborhood. We’ll share extra about our work as we make progress!“
On July 18, Marcus known as Bitcoin “probably the most safe and trusted type of decentralized store-of-value and settlement.”
Properly, yesterday, with simply 4 weeks left till Ethereum’s “Merge” protocol improve, which is when the Ethereum community is making the transition from proof-of-work (PoW) to proof-of-stake (PoS), Marcus was praising Bitcoin once more, however this time in a approach that some Ethereum supporters appear to have discovered offensive. Marcus primarily informed his over 103K Twitter followers that Ethereum’s upcoming Merge occasion makes him glad that Lightspark is constructing on Bitcoin (which he implies is a extra steady and predictable platform). One of those who criticized Marcus’ tweet was Mike Dudas, Founder and Basic Associate at sixth Man Ventures.
Picture Credit score
Featured Picture through Pixabay