It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart.
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Diem stablecoin co-founder praises Bitcoin for censorship resistance
Meta’s Diem co-creator, David Marcus, said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019.
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Jack Dorsey: Diem was a waste of time, Meta should’ve focused on BTC
Dorsey said that although Facebook probably started Diem for “the right reasons,” it should’ve used an open-ended protocol like Bitcoin rather than attempting to create
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Mark Zuckerberg’s stablecoin project Diem officially shuts down
Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency.
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Zuck got PUNKed — new Metaverse-linked ETF shorts Meta shares in holdings
“Facebook seems to be the antithesis of what actual consumers want their digital futures to look like,” said Subversive Capital Advisor founder Michael Auerbach.
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Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin
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