95% of cryptocurrencies are a scam, says the creator of Dogecoin

Visibly upset against cryptocurrencies, the creator of Dogecoin split a long tirade of insult on the subject. Something to sting Elon Musk.

Accustomed to radical positions on social networks, Billy Markus, the co-creator of Dogecoin, once again split a long critical message, this time about cryptocurrencies. In a long message posted on Twitter, he felt that 95% of non-fiat currencies were scamsinsulting the owners of bitcoin and other virtual currencies.

“The reason people think crypto is 95% scam, and most crypto users are assholes, is because crypto is 95% scam, and most crypto users are assholes”

A salty attack to say the least, which obviously did not go unnoticed by Elon Musk. In addition to aiming to buy Twitter for a few weeks (despite its many bots and fake accounts), the American billionaire is also one of the pioneers in the cryptocurrency sector. A fervent defender of Dogecoin, the boss of Tesla reacted to this statement and to the fact that “the only people who are going to react and go after this tweet are the scammers and the assholes” through a simple hilarious emoji, without really knowing if the latter was sarcastic or not.

It must be said that on his side, Elon Musk is a strong believer in non-fiat currencies, to the point of seeking for a few years already to authorize payment in Dogecoin on its Tesla. However, this radical position on crypto seems to be shared by Jackson Palmer, another co-founder of DOGE. Last year, the developer indicated that he no longer wanted to hear about cryptocurrencies. He had at the time considered that virtual currencies were “an inherently right-wing hypercapitalist technology, designed primarily to amplify the wealth of its proponents through a combination of tax avoidance, reduced regulatory oversight, and artificially enforced scarcity“.

Despite the reluctance of its co-founders who now encourage their audience to no longer invest in cryptocurrencies (a position shared by the European Central Bank and Christine Lagarde), Dogecoin still exists. Its price is currently recorded at $0.077.

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