Thursday, June 20, 2024

Founder of Dogecoin criticizes Meme Coins

Meme coins have become part of the crypto space. When asking someone what ‘meme coins’ they know, Dogecoin is probably their first answer. However, creator (who is no longer on the project) Billy Markus recently spoke out against the current ‘meme coin climate’.

Markus mentions the following while talking about meme coins on Twitter:

  • Spam advertising
  • Lying about who is involved in a project
  • Making up ridiculous promises
  • Desperately trying to get Elon’s attention (to promote these coins)

He mentions that Dogecoin was created as satire, making fun of the ‘idiotic’ coins. He then goes on to say that current meme coins aren’t even memes, but are ‘made by people trying to get rich off of other people trying to get rich’.

Ironically (or not), this very Twitter thread, created by Markus, got flooded by spam.

Donat - CryptoCoinia
Donat - CryptoCoinia
Copywriter at CryptoCoinia.

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