Markus turned to Twitter to vent his annoyance with online abuse, but also to show his admiration for Dogecoin devs who are still working on the project.
He also disclosed his specific Dogecoin holdings: 220,000 DOGE, which is equivalent to around $41,800 at current pricing.
Markus, who goes under the Twitter handle Shibetoshi Nakamoto, confirmed on Sunday that he is no longer working on the Dogecoin project. Markus remarked, “I am not a part of the project.” “I am a part of the community. I now own around 220k Doge.”
Additionally, a reminder: I am not a spokesperson for dogecoin. I am not involved in the endeavour. I am a member of the community. I currently own around 220k doge. I will protect those who, in my opinion, are actively improving the place. I will discourage those who do not seem to be. I will discuss anything I like.
Markus continued, “I will never return to coding my invention.” “Working on a crypto project is a nightmare,” he said, “because I’ve discovered that the more you do for people, the more entitled they get and the worse they treat you.”
I will never do so. Working on a cryptocurrency project is a nightmare, as I have discovered that the more you do for others, the more entitled they get and the worse they treat you.
I have a great deal of respect for the developers for offering to do so for all these years. Despite his difficulties, Markus expresses admiration for the Dogecoin developers who have offered to continue the project.
“I will protect those who, in my opinion, are actively improving the area,” he said. “I will dissuade those who, in my opinion, are not.”
Ross Nicoll, the developer of Dogecoin, makes no apologies for the rapid speed of activity on the blockchain. Photograph by Ross Nicoll.
On a calm Thursday last week, it was almost midnight in London. Ross Nicoll, a software engineer and part-time Dogecoin developer, was changing into his pyjamas and getting ready for night when his message cost…
Launched in 2013 as a joke by Billy Markus and Jackson Palmer, Dogecoin and its smiling Shiba Inu have grown in popularity owing to a lively community led by Elon Musk. Musk has shilled DOGE on several occasions this year, often visibly affecting the price. Musk promoted Dogecoin even more vigorously when his business Tesla withdrew its decision to accept Bitcoin payments owing to environmental concerns. He has also collaborated with Dogecoin developers remotely, and recently tweeted to Markus that he is “pro Doge.”
Ironically, Shiba Inu (SHIB), which was founded as a parody of DOGE, outperformed DOGE in 2021, rising 42,000 percent vs DOGE’s 3,000 percent price increase.
SHIB, on the other hand, is valued less than a penny, while DOGE is worth twenty cents and is the No. 12 cryptocurrency, with a current market valuation of $25.56 billion, according to CoinMarketCap.com.
Also Read: Institutions Have Only Dabbled In Cryptocurrency, Former UK Chancellor Declares
Wallets