Connect with us

News

Dogecoin Co-Founder Calls 95% of Crypto Projects ‘Scams and Garbage’

Published

on

Dodgecoin

HIGHLIGHTS :

  • Billy Markus tweets that 95% of crypto projects are scam
  • Tesla CEO Elon Musk posted a laughing emoji in response
  • Terra’s LUNA Token and Sister Stablecoin UTC have also declined in value

While some users agreed with the co-founder of DOGE, others accused Marcus of a lack of self-awareness, as he was the co-founder of Dogecoin, which later spawned countless scam cryptocurrencies.

Billy Markus tweets that 95% of crypto projects are scam

Dogecoin co-founder Billy Markus called 95 percent of the cryptocurrency project “scam and garbage” in a tweet, and urged his followers to change public opinion about the crypto industry. Marcus’ tweet noted that cryptocurrencies have built up a pretty bad reputation since their inception, with many people, especially traditional financial giants, using derogatory terms for the asset class. Tesla CEO Elon Musk responded with a “rolling on the floor laughing” (LOL) emoji on Marcus’ tweet.

Adding further to his original tweet, Marcus said that the people who are going to “trigger” and “lash out” on his tweets are “scammers”. As expected, the tweet sparked a serious debate among members of the crypto community on Twitter.

Tesla CEO Elon Musk posted a laughing emoji in response

While some users agreed with the co-founder of DOGE, others accused Marcus of a lack of self-awareness, as he was the co-founder of Dogecoin, which later spawned countless scam cryptocurrencies. Marcus defended himself by saying that DodgeCoin was created for “satire”, emphasizing that he values ​​quality over quantity.

Terra’s LUNA Token and Sister Stablecoin UTC have also declined in value

Marcus’ comment comes when the crypto market is booming with scam projects. It is believed that many of these projects have been created by people who want to make quick money and then disappear. This comment from the co-founder of Dogecoin comes with the fall in the value of Terra’s LUNA token and its sister stable coin UTC.

Recently, there was some rift between Billy Marcus and Terra’s Do Kwon, after which Kwon blocked Markus on Twitter. Investors have lost billions of dollars due to the large drop in the value of LUNA and UST. Because of this, Terra founder Do Kwon is currently seeking police protection following a domestic attack on him by an alleged LUNA investor.

Also Read :

New leak shows WhatsApp is planning to make the Status section more useful

India’s Underworld Gangs Wars will start at the end of this year, gamers will get ‘pure native’ feeling

Click to comment

Leave a Reply

Your email address will not be published.

Copyright © 2020 - 2021 TechZimo.com, All rights reserved.