Ryan X Charles has been let go from his post as cryptocurrency engineer on social platform Reddit.

The developer, who only this week demonstrated his proof of concept for peer-to-peer bitcoin payments on the site, announced the news in a Reddit post, saying:

“I have complete confidence in the new leadership, but cryptocurrency is no longer in their plans. “

He added that he was “fairly confident cryptocurrency will return to Reddit in the coming years”, but that it would “have to wait a while for things to calm down” – a reference to the company’s current situation after the sudden departure of CEO Yishan Wong.

The developer kept a positive tone and wished “the best of luck” to “everyone who will get to witness the new era of reddit from the inside”. He finished off by saying that it had been “cool to be part of the historic front-page of the Internet, at least for a while”.

Charles made the news last September, when he left his job as lead developer at BitPay after being contacted by Reddit’s former CEO.