Dogecoin co-founder says he can’t “understand” calls for hoax crypto he created in 3 hours to hit

Dogecoin co-founder says he can’t “understand” calls for hoax crypto he created in 3 hours to hit $1

Dogecoin DOGE/USD co-founder Billy Markus addressed the increased interest in the cryptocurrency, which he created as a joke, in an open letter on Reddit this week.

Markus was an engineer at IBM at the time he was creating Dogecoin on the side Adobe technician Jackson Palmer. Marcus now works as a software engineer at an education company in the Bay Area, he told Bloomberg on Wednesday.

About Musk: “I’m semi standoffish, but it’s weird that something I made in a couple of hours is now part of internet culture,” the Dogecoin co-founder, who left the project back in 2015, told Bloomberg.

See also: How to buy Dogecoin (DOGE)

“It’s amusing to see Elon Musk talking about this. It feels silly, but there’s this tremendous lift behind it,” said Markus.

That Tesla Inc. The CEO of TSLA, with his frequent tweets, has perhaps been the biggest driving force behind the recent surge in Dogecoin price.

Doge at $1? As social media users, particularly on Twitter and Reddit community SatoshiStreetBets, continue calls to pump cryptocurrency, the goal they are aiming for for Dogecoin is to reach $1.

Markus noted that at $1, Dogecoin would push its market cap above that of “actual companies providing services to millions.” Boeing, Starbucks, American Express company and his former employer IBM.

“Did Dogecoin deserve this? I can’t understand that, let alone answer it,” said Markus.

See Also: Dogenomics: What’s So Special About Dogecoin Anyway?

Dogecoin as a force for good: Markus became disillusioned with cryptocurrency soon after its creation, as the initial community that grew around Dogecoin took a direction he disagreed with.

Still, the “doge mother,” as some in the community call him, hopes Dogecoin “can be a force for good.”

“Pump and dumping, unrestrained greed, fraud, malicious actors, demands on others, hype without research, exploiting others — all of that is worthless,” Marcus said.

“Honestly, worse than worthless for bringing more negativity into an already troubled world,” added the Dogecoin creator. “When I see things like this – and I’ve seen a lot of them over the past 7 years – I’m not angry, just disappointed.”

Nonetheless, Marcus noted the good causes the Dogecoin community has served over the years, including “helping build water wells in Africa, helping bond service dogs and children, and silly and amusing causes like becoming a Nascar driver.” sponsor.”

Price promotion: Dogecoin was trading down 11% at $0.06 at press time on Thursday.

Photo by shin–k on Flickr

Originally published February 11, 2021.