Furthermore, Mr. Shibetoshi claims Dogecoin (DOGE) “was an intentionally stupid joke” and “proved that people will speculate on anything.” Last but not least, when the chancellor Philip Brunner asked Billy Marcus if he made Bitcoin (BTC), the founding father of DOGE sarcastically replied: “Yes.”
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Nakamoto’s bitter attitude towards memecoins stems from a valid reason. Despite creating a TOP 10 cryptocurrency, Markus didn’t get his flowers. Surprisingly, the developer sold off all of his crypto stash back in 2015. Missing out on multiple million dollars of revenue is just the tip of the iceberg. The tech enthusiast actually lost a whopping $100,000 in crypto this year alone due to taxes.
As if that wasn’t enough, the former member of the DOGE developer team who hasn’t been on the project for eight and a half years, gets constantly praised by the crypto investors who managed to make a fortune out of DOGE. In response, Markus remarked:
“Congrats on getting rich off the joke I made”.
Ultimately, Shibetoshi’s poignant approach comes from the many regrets the developer had to go through on his crypto journey.
Memecurrencies like DOGE and SHIB have among the most active crypto communities.
Find out what’s happening in the mercurial world of memecoins:
Shiba Inu (SHIB) Overthrows Solana (SOL), Then Adds Another Zero
Shiba Inu (SHIB) Launches Social Hub for Upcoming Shibarium
See original on DailyCoin