Markus asserted that he stood down from Dogecoin in 2015 due to online harassment from the community, and because he was uncomfortable with the direction the community was taking. During the same year, Markus said he also ran into financial concerns due to losing his job and decided to cash in his DOGE:
“I gave away and/or sold all the crypto I had back in 2015 after being laid off and scared about my dwindling savings at the time, for about enough in total to buy a used Honda Civic.”
Markus’ letter follows renewed interest and speculation in DOGE, with the coin’s price increasing 50% after Elon Musk tweeted it was “the people’s crypto” on Feb. 4. Back in 2019 Musk was elected as the hypothetical CEO by the Dogecoin community in a Twitter poll and he has jokingly referred to himself as the “former CEO of Dogecoin.” On Feb .11. Musk bought DOGE for his son so that he could become a “toddler hoddler”. Markus appears to view the interest of the world’s richest man as quite surreal.
“I’m half detached, but it’s weird that something I made in a few hours is now part of internet culture,” said Markus. “It’s amusing to see Elon Musk talk about it. It feels silly, but there’s this huge upwelling behind it.”
Dogecoin - code: DOGE, symbol: Ð, is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the "Doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community reaching a market capitalization of US $5,382,875,000 on January 28, 2021.
In his defense, Honda does make a pretty good car. 😄
ReplyDeleteTiming is everything.
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