Any statement or movement related to cryptocurrencies is now critical, as the recent collapse of the currencies has them in the eye of the hurricane. On this occasion Billy Markus, co-creator of the famous Dogecoin cryptocurrency, considers that at least 95% of cryptocurrencies are scams.
This statement was exposed in the official count of the executive’s Twitter, where he also insulted the majority of cryptocurrency users. Faced with such a statement, the community did not remain silent; in fact, the first to respond to Markus’ considerations was the billionaire Elon Musk.
the reason why people think crypto is 95% scams and garbage and most crypto people are assholes is because crypto is 95% scams and garbage and most crypto people are assholes
let’s change that. it starts with you – what you support, and how you behave.
— Shibetoshi Nakamoto (@BillyM2k) May 16, 2022
“The reason people think that crypto is 95% scam and garbage and most crypto users are jerks is because crypto is 95% scam and garbage and most crypto users cryptocurrencies are morons,” wrote Billy Markus, better known as Shibetoshi Nakamoto.
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Musk for his part did not mention much else; in true Musk fashion, he mocked the statements with a rolling, laughing face emoticon. This, however, leaves a lot to think about the relationships that the owner of Tesla may now have with the dogecoin currency; It is well known that the billionaire has always defended the currency. In fact, every time Musk mentions the coin on his Twitter, it increases in value.
But this is not the only relationship that Elon Musk has with cryptocurrencies, on the contrary, the tycoon has always been interested in these currencies. Under his leadership, Tesla announced that he had made a large investment in a solar-powered Bitcoin mining farm. So far, Musk has invested in Bitcoin, Dogecoin, and Ether.
But Billy Markus is not the only cryptocurrency skeptic. Jackson Palmer, another of the creators of Dogecoin opined last year that “cryptocurrency is an inherently right-wing hyper-capitalist technology, designed primarily to increase the wealth of its proponents through a combination of tax avoidance, reduced regulatory oversight, and artificially imposed scarcity.” ».