Dogecoin Co-Founder Billy Markus Vows Never to Create Another Meme Project | Coinspeaker

Dogecoin Co-Founder Billy Markus Vows Never to Create Another Meme Project

Temitope Olatunji By Temitope Olatunji Julia Sakovich Edited by Julia Sakovich Updated 3 min read
Dogecoin Co-Founder Billy Markus Vows Never to Create Another Meme Project
Photo: Depositphotos

Billy Markus criticizes the crypto industry, reveals past projects, and expresses skepticism about current tokens.

Key Notes

  • Dogecoin creator steps away from future crypto development.
  • Markus reveals his pre-Dogecoin project, Bells, which failed.
  • He criticizes Ethereum and Solana tokens, claiming they're mainly used for gambling.

Dogecoin co-founder Billy Markus has made it clear that he will never work on or create any other crypto project. Billy made this known to the public earlier today. He also mentioned the crypto project he created before Dogecoin DOGE $0.11 24h volatility: 1.7% Market cap: $15.82 B Vol. 24h: $744.23 M .

Billy, known on X as Shibetoshi Nakamoto, clarified that he has not worked on any crypto projects since 2014. Before the creation of Dogecoin in 2013, he had created only one crypto Bells, which became a failed project.

His decision not to get involved in creating a new crypto project led to many comments from some of his followers. A user wrote that Billy has inspired many meme coin projects and asked what he would name it if he were to create another meme coin. Billy frankly responded that he would not be creating another meme coin.

Billy also responded to questions about the possibility of MDOGE being accepted as payment on Mars in the future, just like how DOGE has already been used as a form of payment here on Earth. Due to their high gas fees, the software engineer replied that he did not believe Ethereum tokens are useful for payment. He remarked that these tokens are merely used to gamble, the same as the Solana token.

According to Billy, there are almost no good crypto projects out there any longer, which makes it not encouraging enough to embark on any major project.

Clarifications on Past Projects and Potential Market Impact

The Dogecoin co-founder noted that any project claiming he is part of it is false. While responding to questions on his post, he gave more details about the failed Bells coin. Billy stated that he created the code for the Bells coin before shifting focus to DOGE, which he and Jackson Palmer worked on together.

He clarified that the current Bells project operates on Ethereum and is entirely different from the one he created. According to him, the original Bells were wholly wiped out. However, the new one is based on the original code from 11 years ago. He stated:

“Keep in mind that the current Bells token was completely resurrected, the old blockchain was wiped out and a new one was started by others. The new one isn’t my project; it was just based on code I made 11 years ago.”

Billy also talked about the year in which Ethereum was created. He stated that any Ethereum token that claims it was created in 2013 is a blatant lie, as Ethereum itself was not made until 2015.

Thus, Markus’s decision to stop creating new crypto projects might engender negative sentiment about crypto. His comments about many projects lacking value might increase negative perceptions about the crypto market, potentially discouraging new investors and developers from entering the space.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Altcoin News, Cryptocurrency News, News
Temitope Olatunji

Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games. 

Temitope Olatunji on X

Bitamp
Related Articles
Bitamp