Billy Markus – Co-Founder of Dogecoin – is not keen on other memecoins. In his view, creators of such projects are “trying to get rich” on the back of individuals seeking quick profits.
‘Memecoins Aren’t Even Memes’
In his most recent tweet, Billy Markus – aka Shibetoshi Nakamoto – was not kind to other memecoins. While his digital currency – Dogecoin – was established as a way to make fun of “the idiotic coins” and a representation of irony, Shiba Inu and the copycats look like a financial pyramid, he claimed.
remember dogecoin was made 8 years ago. as satire. making fun of the idiotic coins. irony. satire.
current “meme” coins aren’t even memes. they’re made by people trying to get rich off of other people trying to get rich. to each their own, but it is indeed a different thing.
— Shibetoshi Nakamoto (@BillyM2k) February 23, 2022
Markus also accused the creators of memecoins of lying about the nature of the projects and making “ridiculous promises” that could lure investors into the scheme. In many cases, those assets aim to grab the attention of Elon Musk, who could later popularize them.
It is safe to say that Tesla’s CEO has the power to change the tides in the memecoin space with his posts and statements. In the past year or so, his words led to substantial disruptions in the market and affected certain projects numerous times.
Last summer, a tweet of his contained the words “Baby Doge.” His…
