Dogecoin inventor Billy Markus, in his statements on his Twitter account, accused altcoin projects designed to raise funds using the name “Elon Musk” as “ponzi” and made harsh criticisms.
Billy Markus says some altcoin projects are ponzi
Billy Markus, the founder and developer of Dogecoin, the largest “meme coin” by market cap, expressed his dissatisfaction with other meme cryptos like Shiba Inu in his recent Twitter posts and harshly criticized the projects. According to Billy Markus, also known as Shibetoshi Nakamoto on Twitter, developers of meme coin/token projects other than Dogecoin are “trying to get rich by supporting investors who want to make quick profits”. Implying that these teams are trying to take advantage of the name “Elon Musk”, Markus says:
Spam advertising includes lying about who is involved in a project, making silly promises, using you to desperately get Elon’s attention, etc. It’s not clever or fun. Remember what Dogecoin did 8 years ago. As a humor…The current “meme” coins are not even memes. They’re made by people trying to get rich from other people trying to get rich.
Elon Musk raises institutional interest in Dogecoin (DOGE)
cryptocoin.com In the recent developments we covered in our news, we witnessed the announcement of a number of giant companies adopting Dogecoin as a payment method. SpaceX and other companies headed by Elon Musk, especially Tesla, have plans to accept Doge. Electric car giant Tesla has already accepted Dogecoin, and the price skyrocketed by 30% after the Twitter announcement by Elon Musk.
After that, we saw the following tweet of the Tesla CEO on the fast giant McDonalds accepting Doge as a payment method.
However, McDonalds did not respond to this request and made a statement out of formality saying they would “think about” the intense pressure from the community. Following this development, announcements were made that a number of restaurant businesses from Europe added Dogecoin to their list of payment methods. Meanwhile, British law firm GunnerCooke’s addition of Doge and a host of other major cryptocurrencies to its roster is in the latest developments.
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