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IT engineer Billy Markus who co-founded Dogecoin meme cryptocurrency with Jackson Palmer back in 2013, and has left the project since then, has tweeted to share his opinion on why the cryptocurrency sphere is “full of scams”.
Despite leaving Dogecoin dev team, Markus, who is known as “Shibetoshi Nakamoto” on Twitter, tweets actively and regularly, commenting on DOGE and crypto sphere in general.
Markus claims that the reason why scam often emerge in the crypto space is that the community is unable to control the space and clear it from scammers – “it does a horrible job of policing itself”.
Rather than go at scams and hunt scammers, the crypto space “enables scammers and defends the scammers”.
This is down to the community’s “chronic behavior”, he tweeted, and so the crypto space “gets what it deserves”.
i think the reason crypto is so full of scams and trash is it does a horrible job of policing itself.
instead of getting mad at scams, the space enables scammers and defends the scammers, no matter how obvious it is, through chronic bad behavior.
it gets what it deserves.
Markus started a tread about this after he complained that since the making of Dogecoin 8 years ago, he has become a target for “most horrible garbage people in the crypto space”.
Earlier, the other co-founder of DOGE, Jackson Palmer, stated in an interview to the Sydney Morning Herald that crypto sphere is a “parasitic” technology that enables a great amount of scams constantly, bringing up all sorts of them.
Palmer said that a load of people are attracted to crypto because it keeps promising easy gains and due to celebrity endorsements. He mentioned NFTs which have been promoted by celebrities but would have seemed laughable five years ago.
Jackson has also been attacking major Dogecoin fan centibillionaire Elon Musk recently, calling him a “grifter”.
Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.
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