Dogecoin founder speaks out against ‘meme coins’
“They’re made by people trying to get rich off of other people trying to get rich,” said Dogecoin creator Billy Markus. Seemingly frustrated by the amount of ‘meme coin’ spammers flooding his Twitter threads, Billy Markus, the founder of the Dogecoin (DOGE), blasted the crypto shillers through a series of tweets. Markus recounts how DOGE was originally created more than eight years ago as a true meme that pokes fun at “idiotic coins.” However, the creator points out that today’s meme coins are not memes anymore. “They’re made by people trying to get rich off of other people trying to get....
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Oh, you topple central banks? We have a meme. Since Dogecoin's creation last December, there has oft been the murmur on social media by bitcoin enthusiasts calling it "another pump and dump" or a meme-ified Litecoin with inflation. Those accusations may be true, but in the eyes of Dogecoin enthusiasts (Shibes), they are assets. Dogecoin was never intended to be the government-breaking bank-challenger that bitcoin is. A co-founder of Dogecoin, Jackson Palmer, said to ABC, "People are trading coins for small purchases, like in an online game where you can purchase a different set of armor, I....
Dogecoin has still not fallen out of favor with investors despite losing more than 90% of its all-time high. The meme coin whose community continues to wax stronger is still one of the largest cryptocurrencies by market cap. One thing that has always haunted the digital asset though has been its beginnings. Now, the co-creator […]