Dogecoin founder speaks out against ‘meme coins’

Billy Markus, founder of Dogecoin (DOGE), was clearly frustrated by the number of spammers trying to steal his Twitter feeds. He sent a series tweets blasting the crypto shills.

Markus relates how DOGE was first created over eight years ago. It pokes fun at “idiotic coin” but the creator says that meme coins today aren’t memes. Markus wrote that they are made by people who want to make a lot of money off of others trying to make a lot.

There are some clever parts to satire. Jokes are hilarious. Spam advertising, lying about the project involved, making up absurd promises, trying desperately to get Elon’s attention in order to promote you, and other such things are all laughable. They aren’t clever or funny. pic.twitter.com/cQ2YA6DyWJ
Shibetoshi Nakamoto, @BillyM2k February 23, 2022

Markus continued his tirade, bringing up Binance Smart Chain tokens. Markus claimed that these cryptos “have made the internet worse in all ways.” He said that he didn’t care if people gamble but asked for spam ads to be kept out of his threads. He also noted that token ads make the internet less enjoyable.

Markus’ frustrations were echoed by many of his over one million followers on Twitter. The spam ads were described by Twitter user Tuanskiii1 as “sickening.”

You can find this right here. Tired of people promoting it to others as though they are missing out on the chance to be rich. It’s sickening
— 2-1AgainstTheWorld, February 23, 2022 (@Tuanskiii1)

Although the DOGE creator was clear in his points, that didn’t stop spammers flooding the thread with meme coin advertisements.

Related: Are you losing your power? After Elon Musk’s McDonald’s offers, weak DOGE rises

Dogecoin was among the top 10 cryptos based on market capitalization in January 2021. According to Cointelegraph Markets Pro, DOGE trades at $0.11 per token as of the writing. This keeps it in the top nine cryptos according to market capitalization, even though it is down 17% over the day.

One of Cointelegraph’s experts suggested DOGE to be a token that could provide a good return on investment in 2022. He cited notable backers Elon Musk, Mark Cuban, and others.

https://cointelegraph.com/news/dogecoin-founder-speaks-out-against-meme-coins

Lillian Call

I am a technology and gaming writer by profession. I love NFT's and play to earn gaming such as Axie Infinity. I love writing about anything on the blockchain, especially gaming and entertainment. I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.