Billy Markus criticizes the crypto industry, reveals past projects, and expresses skepticism about current tokens.
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 $0.23 24h volatility: 3.0% Market cap: $35.09 B Vol. 24h: $2.12 B .
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.
just going to reiterate that i have not created any cryptocurrency except dogecoin in 2013 (and bells before that), have not worked on any cryptocurrency since 2014, and will never create or work on any cryptocurrency since those two
anything claiming i am affiliated is lying
— Shibetoshi Nakamoto (@BillyM2k) September 25, 2024
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.
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