Dogecoin Creator Claims 95% Of Cryptocurrencies Are Scams, Replies Elon Musk

Dogecoin co-creator estimates that 95% of cryptocurrencies are scams. He also insulted the majority of crypto-asset users. This attack did not go unnoticed. Elon Musk responded to criticism very inspired in his unique way.

Credits: Aranami via Flickr

Billy Markus, the co-creator of Dogecoin (DOGE), has done it again cracked by a lengthy tirade against cryptocurrencies. In an Acid message posted to Twitter, he asserted that 95% of the cryptocurrencies on the market are scams.

“The reason people think crypto is 95% scams and junk and most crypto users are assholes is because crypto is 95% scams and junk and most crypto users are assholes.”started Billy Markus, better known under the pseudonym Shibetoshi Nakamoto.

On the same topic: Elon Musk refuses to resell his cryptocurrencies despite high inflation

Elon Musk mocks criticism of Dogecoin co-creator

This attack on the world of digital assets obviously didn’t go down well with everyone. Elon Musk, one of Dogecoin’s ardent defendersHe responded to Billy Markus’ tweet in his own way. The Tesla founder, who is very fond of emojis, simply posted an emoticon with a laughing and rolling face.

Musk clearly disagrees with Dogecoin’s co-creator’s analysis. The billionaire has regularly shown his interest in the cryptocurrency sector. Under his leadership, Tesla has also invested in a Bitcoin mining farm powered by the sun. Personally, Elon Musk has invested in Bitcoin, Ether and Dogecoin.

DOGE’s other creator, Jackson Palmer, is even more radical. The developer doesn’t want to hear anything more from the world of cryptocurrencies. Last year he felt that “Cryptocurrency is an inherently right-wing hyper-capitalist technology designed primarily to augment the wealth of its proponents through a combination of tax avoidance, reduced regulatory oversight, and artificially enforced scarcity.” After distancing himself from the ecosystem, he advises everyone not to get involved.

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