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David Marcus of Libra Praises Bitcoin as Sole Global Settlement Asset

David Marcus of Libra Praises Bitcoin as Sole Global Settlement Asset

Lightning Network Key to Bitcoin's Scalability: Marcus

David Marcus, co-creator of Libra and CEO of Lightspark, praises Bitcoin as the only "viable neutral settlement asset" for global real-time payments. Marcus dismisses altcoins as "too centralized" having unclear regulations. 

He recognizes the technical limitations of Bitcoin, but believes that the Lightning Network is an essential layer-2 solution for scalability. Despite challenges, Marcus anticipates increased efficiency with Lightning Network as developers integrate stablecoins and other assets.


By: Prayag Sen
21-Nov-2023

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