Billy Markus, a co-creator of Dogecoin, has confirmed he will not embark on any new cryptocurrency endeavors, nor will he launch another meme-based project. In his latest remarks, Markus offered insight into a prior crypto initiative he developed before the inception of Dogecoin.
Why Has Markus Stepped Away?
Markus, who uses the pseudonym “Shibetoshi Nakamoto” on social media platform X, disclosed that he has not been involved in developing any cryptocurrency since 2014. Before Dogecoin’s debut in 2013, he had authorized just one other cryptocurrency, which he admitted was unsuccessful. He stated emphatically that he will not engage in any crypto projects moving forward.
What Are Users Saying?
The public is not unfamiliar with Markus’s stance against creating a new meme coin. Despite attempts by followers to entice him back by reminiscing about Dogecoin’s triumph, these efforts have been futile. When questioned about the potential name of a new meme coin, should he decide to initiate one, Markus firmly replied that such an endeavor was out of the question.
Markus answered inquiries about the potential use of MDOGE as a payment method on Mars by criticizing the high transaction costs associated with Ethereum tokens, labeling them impractical for payments and exclusively used for gambling. He holds a similar view on Solana tokens. His longstanding skepticism toward cryptocurrencies remains unchanged, despite his pivotal role in Dogecoin’s creation.
Some concrete takeaways from Markus’s statements include:
- Markus has officially committed to not participating in any future cryptocurrency projects.
- He believes most current cryptocurrency projects lack substantial value.
- Dogecoin’s market presence remains unaffected by his personal decisions.
- A new Ethereum-based project inspired by Bells uses old code but is not affiliated with Markus.
Markus has openly warned the community about a new Ethereum-based iteration of his previous project, Bells, clarifying his non-involvement. Despite its connection to code developed over a decade ago, he distances himself from this venture, emphasizing his firm departure from the crypto domain. His decision underscores a shift in focus as he refrains from contributing further to the cryptocurrency industry.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/billy-markus-rejects-new-crypto-ventures