Facebook’s David Marcus Denies Copying Winklevosses’ Gemini In Naming Their Libra Crypto Project
Facebook recently announced its aspirational crypto project called which is all set to make its debut next year.
The launch and announcement of the decentralized currency which would function as a stable coin has the whole world talking. While Facebook wants you to belive that it is a totally decentralized project which would work independently, there are many who have their doubts.
However, it's not just the nature of the project in question, but the name “Libra” itself has sparked debate on social media on whether the name is inspired by the Winklevoss twins cryptocurrency exchange called Gemini.
The Facebook Ceo Mark Zuckerberg and Winklevoss twins go long back to their college days where the brothers have accused Zuckerberg of stealing their idea and creating Facebook based on that. The two parties settled in court and went their ways. The twin found Bitcoin quite early back in 2013 and they are among the elite list of Bitcoin billionaires.
As the debate was raging over the name of Facebook's pet project and people had their bias against Zuckerberg given the history he shared with the twin brothers.
However, David Marcus, the co-founder of the Libra project came forward to clarify that he was the one who came up with the name for the project and Mark. He also denied any inspiration from Gemini and said that Libra is a weight from which coins are minted, and has nothing to do with the astrological sign. Marcus wrote,
“I named it Libra. And I promise you Gemini didn't even cross my mind for a nanosecond. Libra was a unit of weight measure that served to mint coins, it's the symbol of justice, and in French (libre) means freedom. I believe these are good enough reasons…”
The theory that Zuckerberg used the name Libra to troll the two brothers seems far-fetched since Zuckerberg actually met the twins right before the announcement of the project.
Some belive the meeting was set up by Mark himself in order to gain some insights about the decentralized and crypto world.
Facebook Might Find it Hard To Convince People
Facebook and privacy do not really go hand-in-hand, and while Cambridge Analytica debacle was sure a big dent to their promises of being customer-centered organization, Facebook has been called out for their lies and privacy issues in the past.
Thus, the current dilemma over the cryptocurrency name, even though Marcus has stated otherwise would take some more time and better convincing than what Marcus stated in his tweet.
If we talk about Winklevoss twins and their exchange called Gemini which was launched back in 2014, the twin brothers would tell you that their idea of naming their exchange has nothing much to do with astrological symbol either. The twins named their exchange Gemini because in Latin the word means twins, and that seems to be a good enough reason for the two brothers to choose that name.
However, the twin brothers went a little deeper and explained that Gemini also inherently explores the idea of duality. Even NASA named one of its project Gemini which led to the Apollo moon landing mission, and the Winklevoss twins said that they wanted to make Gemini a platform where old meets new.
Whether the name Libra was a sly dig by Zuckerberg on Winklevoss brothers or just a mere coincidence, we would probably never know.
But it seems Zuckerberg cannot get past the events that led to the creation of Facebook and still trying his best to one-up the twins again. However, the Winklevoss twins have maintained on several occasions that they have moved past that phase and wish good luck to Zuckerberg for his future endeavors.