Billy Markus, the co-founder of DOGE, caused a heated debate when he claimed that 95% of cryptocurrency ventures are bogus. Elon Musk was even taken aback by his whining. Markus is notorious for his outspoken and often snarky comments on Twitter, even though he is no longer actively engaged with the meme coin he helped establish. He recently stated that Shiba Inu’s metaverse project (SHIB), DOGE’s main competitor, is a fraud. The software engineer is broadening his critiques to include the whole bitcoin market, precisely 95% of it. 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 DOGE founder’s latest contentious post comes on the heels of Terra’s ecology collapsing. Last week’s collapse of the Luna and UST tokens saw billions of dollars disappear from the market, resulting in financial losses for many users. “Also, keep in mind that the only people who will respond and attack this tweet are the fraudsters and the fools,” the engineer continued, anticipating a backlash to his views. Elon Musk Joins in the Discussion Elon Musk, who is largely credited for the rise of Dogecoin and, by extension, meme cryptocurrencies in general, responded to the DOGE founder’s tweet with an ambi...
