Facebook announced today they will be starting a team dedicated to blockchain. They have anointed David Marcus (former Paypal CEO and VP of Messaging at Facebook) as the commander of this initiative.
I’ve been following David Marcus for a while. If you don’t know him, he is (well, was) the Vice President of Messaging Product for Facebook Messenger. He's definitely somebody to keep your eyes on.
Back in the day, Marcus was the CEO of Paypal and this is when he came on my radar. Me and other crypto bros used to troll him about Paypal and when they would integrate Bitcoin payments.
Back then, we had a simple way of thinking: if Bitcoin was going to be a payment system for the future, then companies like Paypal adopting the technology would ensure the future.
David Marcus is a next level thinker. Just watch interviews with the guy, he was born to crush. Even back in day while the CEO of Paypal, he was open minde about Bitcoin’s future. This was surprising for a CEO of a huge company to say, considering most people thought Bitcoin was for contract killings, cocaine, heroin and strippers. David Marcus likely earned a lot of respect from crypto enthusiasts.
After years of innovating at Paypal, David Marcus finally left to join the Messenger run at Facebook. Knowing what a go-getter this guy is, I figured Messenger growth would blast through the ceiling, and IT DID.
Consider how influential Zuckerburg is getting THE CEO OF PAYPAL to join as Vice President of one of FB products. This is really amazing, in and of itself.
Fast forward, Messenger is absolutely crushing it. Over 17 billion+ messages are sent through messenger each month now. The amount of bots are in the millions by now. Needlessly to say, David Marcus is in true BEAST MODE.
Another notable (and maybe MOST notable thing for us crypto freaks) is that David Marcus’ joined Coinbase’s board late last year: https://techcrunch.com/2017/12/12/facebook-messaging-vp-david-marcus-joins-coinbase-board/
Coinbase must have been kissing David Marcus’ ass for years now, since the Paypal days. Now it’s paying off.
Another fact I want to throw in: Telegram, a competitor to FB Messenger, just raised 1.7B *just to launch their ICO TON (Telegram Open Network) https://www.whiterabbiticos.com/icos/telegram-open-network-gram
Another note is that Telegram decided to skip their public sale, likely because they already raised too much money from their pre sale and are worried about plebs suing their asses in the case that something bad happens. Even a $500 purchase of Ripple is getting them in trouble: https://www.cnet.com/news/ripple-hit-with-lawsuit-after-investor-claims-company-violated-state-federal-securities-laws/
Now that you have all the information you need, it’s easy to see what it all means:
FACEBOOK IS GOING TO GO ALL IN ON CRYPTO.
Well maybe not ALL in, but definitely going to do something fancy in the space.
It’s not hard to do the math here: Coinbase + Facebook Messenger + Zuckerburg / Facebook + David Marcus = Facebook Messenger Crypto.
The guys at Telegram must be either peeing in their pants are totally angry.
This means war.
ALL. OUT. WAR.
Telegram is coming in so hot on Facebook with growth, Zuckerburg’s head is spinning. Zuck’s ready to train his secret weapon, David Marcus, one of the greatest all time hustlers in all the related spaces onto this problem. Sharpen your blades.
Also, this is perfect timing to misdirect investors who are still stinging from that data issue and the hearings. Nothing better to heal that wound than spraying a little crypto juice on it. IT CURES EVERYTHING.
With David Marcus leading the Facebook troops, and Mark Zuckerburg who refuses to be beat at his own game, it’s hard to imagine this will fail.
This is just the tip of the iceberg people. Facebook is just sprinkled a lot of blockchain fairy dust on the markets.
