Marcus: Speculative token era is ending, shifting innovation back to Bitcoin
David Marcus · David Marcus: How I Came to Lead PayPal; Why FB's Crypto Failed; How AI Fixes Inequality | E1001 · 20VC with Harry Stebbings · Apr 14, 2023 · at 30:52
David Marcus, former Meta crypto chief and current CEO of Lightspark, discusses the shift away from speculative token launches toward utility products built on Bitcoin.
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“I think we're done with that or almost done with that. And I think that's why you see a lot more innovation coming back to Bitcoin as well, because people have come to realize that actually building real products that solve real people's problems is the way to leverage the technology and build something of value versus taking a shortcut and listing a token and dumping it on the public retail market. So I, I'm actually really enthusiastic that we're in this new phase. And I think a lot of really good innovation and products will come out in the next few years.”
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