Who Is David Marcus: Bitcoin Believer Turned Facebook’s Libra Boss
Kirill Bryanov's original article for cointelegraph.com reduced by 79%
In 2014, Mark Zuckerberg seduced Marcus to join Facebook as the head of messaging products. Marcus led Messenger for four years before the entirely new chapter of his career opened with Facebook's announcement of him taking charge of the newly established exploratory blockchain task force - the initiative now known as Libra. "David Marcus is actually considered as one of the first top Silicon Valley executives to adopt and support bitcoin.
In 2013, at the LeWeb conference in Paris, Marcus stated the fact that he is a big fan of bitcoin and owns a stash of it. He called bitcoin a store of value and a distributed ledger. Getting this type of support back in 2013 was pretty exciting and we can tell that David has a sense when it comes to blockchain and cryptocurrencies in particular." Some people in the industry draw direct comparisons between Libra and the payments network Marcus once managed.
Hill Ferguson, Marcus' colleague at Zong and then at PayPal, once testified to the Financial Times that the Libra boss is not missing a human element in him, "He can be a great, persuasive person around a vision but he combines that with being a genuinely solid person - or a 'mensch', as he would say - and he really is that in the truest sense of the word." In another instance, Marcus took to social media to express his rather strong opinions amid the 2018 spat between Facebook management and Brian Acton, the co-founder of WhatsApp. While his early involvement with Bitcoin attests to the authenticity of his pro-crypto claims, Marcus' experience with the global payments market and pro-consumer orientation gives hope that he might at least make an honest attempt to steer Libra in the direction of social good.
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