Billy Markus (Popularly knows as “Shibetoshi Nakamoto” on Twitter), co-creator of the Dog based meme cryptocurrency Dogecoin, remind his followers that he does not speak on behalf of Dogecoin nor work on the project anymore.
He is just a community member like others, he revealed the his Dogecoin holding which is 220K (roughly worth $42K). Markus posted a Twitter thread and said that – “I am not on the project. I am a community member. I hold about 220k doge.”
I do not owe a single person in this space anything at all. I abhor entitlement, as it destroys communities and contribute nothing – and beyond that, make the volunteers who are contributing less interested in doing so. I’ve said this since 2014.
I like the fun people though ❤️
— Shibetoshi Nakamoto (@BillyM2k) December 27, 2021
Furthermore, Markus added that he will never return to coding his creation. “Working on a crypto project is terrible,” he wrote, “as I have actually found the more you do for people, the more entitled they get and worse they treat you.”
i never will. working on a crypto project is terrible as i have actually found the more you do for people, the more entitled they get and worse they treat you.
i respect the developers a lot for volunteering to do so for all these years.
— Shibetoshi Nakamoto (@BillyM2k) December 27, 2021
Despite his frustrations, Markus says he respects the developers who have contributed to the Dogecoin project and making the project better – “I will defend those who I feel are actively making the space better,” he said. “I will discourage those who I feel aren’t.”
Markus’s casual attitude differs from co-creator Jackson Palmer, who has repeatedly shown disgust with both Dogecoin and crypto. In July, he said that the entire crypto space amplifies the worst aspects of capitalism, enriching wealthy figures further while allowing them to unfairly escape taxation.
Dogecoin distribution is indeed highly concentrated in the hands of a few wealthy holders, who are popularly known as crypto whales. However, Markus’s numbers would indicate that he is not one of them.
This year, Markus said that he sold all his cryptocurrency holdings in 2015 for an amount equivalent to what a used Honda Civic would cost. At the time, Markus liquidated his entire cryptocurrency portfolio for nearly $10,000.
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