Recently, Billy Markus, co-creator of the popular meme-inspired cryptocurrency Dogecoin, went after members of the $DOGE community that have been attempting to “ruin” the community from the inside.
Dogecoin was initially released on 6 December 2013, as a “fun and friendly internet currency.” It was created by Billy Markus and Jackson Palmer. It is “a decentralized, peer-to-peer digital currency” that has as its mascot “Doge”, a Shiba Inu (a Japanese breed of dog).
Since then, its popularity has substantially increased, especially this year, mostly thanks to support by billionaires Elon Musk (the CEO of Tesla and SpaceX) and Mark Cuban, to the point that it is currently the 12th most valuable cryptocurrency, with a market cap of over $25.37 billion.
In a tweet published on Tuesday (December 21), Markus vented his frustration with the behavior of a subset of the $DOGE community, saying their actions contributed to “counterproductive tendencies.”
Although Markus believes the majority of $DOGE are great, he lamented the behavior of those people who had managed to make their voices heard loudest amongst the community.
Markus’s tweet was in response to a meme published by Twitter user “Jimjimmiejames” who outlined the multitude of “#dogecoin battles,” and questioned whether it was even worth participating in the community.
While Dogecoin has been slammed for a lack of real developments despite its meteoric price increase over the past year, Markus has been an active member in the crypto space and in late September he gave a list of ideas for how to improve $DOGE.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.