Former Facebook executive David Marcus talked about two major cryptocurrencies in a recent tweet. On Thursday, August 18, David Marcus, Facebook’s former President of Messenger and Head of Crypto (more specifically, Head of Novi digital wallet) made statements. He is a big fan of Bitcoin, unfortunately he seems to have upset ETH supporters with his recent Bitcoin praise. Here are the details…
David Marcus comments on the biggest cryptocurrencies
cryptocoin.com As we reported, less than four weeks are left for the Ethereum network to transition from proof-of-work (PoW) to proof-of-stake (PoS). Shortly before the protocol upgrade known as “Merge”, Marcus was praising Bitcoin again. This time, however, some Ethereum supporters seem to find his statement offensive. Marcus essentially hinted to his 100,000+ Twitter followers that he thinks it’s better to build on Bitcoin than Ethereum’s upcoming Merge. One of the critics of Marcus’ tweet was Mike Dudas, Founder and General Partner of 6th Man Ventures.
First of all, if we look at Marcus’ tweet, the following statements stand out:
I don’t mean to rant about Ethereum, but with the upcoming merge, I feel great about inadvertently building on Bitcoin. The fact that the network is specific and predictable over a very long period of time creates trust and stability.
Dudas used the following statements in response to Marcus’ tweet:
Then why are you talking about ETH and Merge? Just saying, ‘I feel great about building on Bitcoin’ would have worked. It would not be seen as cursing ETH.
https://twitter.com/mdudas/status/1560311069595545600
Marcus’ previous comments
Between May 2018 and December 2021, Marcus worked at Meta Platforms, Inc. (formerly Facebook, Inc.) on the Novi digital wallet project. On July 1st, Meta announced on the Novi website that “the Novi pilot will end soon” and that Novi will “no longer be available after September 1st”. According to the report, “from July 21, users will lose the ability to add funds to their accounts, and “Novi’s WhatsApp account and Novi app will also be unavailable.” On November 30, 2021, Marcus announced via Twitter that he was leaving Meta at the end of 2021.
Then on May 12, Marcus announced on Twitter that he was launching a new company called Lightspark to “explore, build and expand the capabilities and utility of Bitcoin” and that they would start with a focus on the Lightning Network. On July 18, Marcus described Bitcoin as “the most secure and reliable form of decentralized store of value and settlement.”
