Jack Dorsey Criticized Facebook About Bitcoin

Jack Dorsey criticized Facebook, which is working on the Libra stable cryptocurrency project, about Bitcoin.

The Libra stable cryptocurrency project, which Facebook or its umbrella company Meta implemented in 2019 for everyone to easily access cryptocurrencies, remained in words. Taking a step back after the great reactions of the regulatory institutions, Facebook transferred the project to an independent organization called Diem. In the past weeks, it was discussed that the Diem project was completely closed and the immovable assets were sold for 180 million dollars. Engineers were shifted to different projects. Thus, the project that wanted to bring innovation was thrown away. Jack Dorsey criticized Facebook's approach to the Diem project. Stating that Facebook had good reasons at the beginning, Dorsey underlined that instead of creating its own money, it would be a much more correct move to adopt an open-source protocol such as Bitcoin. Jack Dorsey has been working towards mass adoption of Bitcoin from the very beginning. The famous name, which constantly supports the developers, will also implement a DEX exchange in this direction. The famous name, who thinks that the Bitcoin network is both very fast and has the widest adoption potential, says that Facebook spends a lot of time and energy in this regard. Claiming that the widespread use of Bitcoin will also contribute significantly to the services of Meta, Dorsey adds that he will do his best for the spread of Bitcoin over the next few years.