DOGE Founder Claims That 95% of Crypto Are Scams
Doge co-founder Billy Markus, who claimed that 95 percent of bitcoin projects are bogus, caused a huge discussion. Even Elon Musk was irritated by his whining.
After helping to launch the meme coin, Markus is still recognised for his snarky and often provocative tweets.
Recent claims by him have implied that the metaverse project (SHIB) of DOGE’s main competitor, Shiba Inu, is nothing more than a fabrication. The software engineer has now expanded his accusations to the whole cryptocurrency business, more precisely to 95 percent of this industry.
Let’s alter the popular perception that crypto is mostly comprised of charlatans and scum and that the vast majority of its users are opportunistic jerks. When it comes down to it, it all begins with you.
Since most crypto projects and consumers become engaged with this “crap,” Markus believes that the industry as a whole suffers as a result.
DOGE’s creator has just sent a very contentious tweet after the collapse of Terra’s biosphere. In the wake of the Luna and UST tokens’ demise last week, the cryptocurrency market lost billions of dollars, resulting in significant losses for many users.
As a result of this episode, regulators’ concerns about stablecoins have risen even higher throughout the globe.
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Foreseeing criticism, the programmer wrote: “Also bear in mind that the only people who will respond and criticise this tweet are the fraudsters and the stupid. “
The post has received almost 1,800 reactions. A large number of people agree with this assessment, however, a smaller number believe Markus is hypocritical. Although it is a meme coin, Dogecoin is worth billions of dollars. Several meme cryptocurrencies have been created in the last several years as a result of their popularity.
It was always made clear to the engineer that DOGE was a parody of the current state of the cryptocurrency industry. According to Markus, there are a plethora of pointless endeavours.
Despite this, though. Dogecoin’s developers have unveiled several intriguing industry firsts, such as the ability to conduct transactions with the cryptocurrency offline.
Elon Musk’s mysterious laugh emoji in response to Dogecoin’s founder’s tweet is widely regarded as the most significant factor in the rise of joke cryptocurrencies.
Tesla CEO Elon Musk has communicated to the doge app’s creator before through social media. This week, Markus was informed by the billionaire that his invention had the potential to become a global payment method.
A day before publication, DOGE was trading at $0.086, a loss of 4.5 percent. Despite this, according to CoinGecko, it is the tenth-largest cryptocurrency by market capitalization.