By Nathan Ferguson
The person responsible for developing Dogecoin in 2013 as just a joke – Billy Markus – has recently disclosed the holdings thereof. He stated that he has nearly 220k in DOGE (up to $42,000 at current value).
Shibetoshi expresses his holdings
Markus – presently having a Twitter account with the title ”Shibetoshi Nakamoto” – noted today in a Twitter post while explaining his present position in the Dogecoin field. He is no more a Dogecoin proponent and does not operate on the respective any further however he is just a member of the token’s community, as per Billy Markus. Nonetheless, this does not mean that the Dogecoin founder is not supportive of the space as he asserted to shield the people who are vigorously participating in bringing betterment in the space along with rejecting those being unfavorable in his perception.
The extra casual behavior of Markus is dissimilar to Jackson Palmer (a co-founder of the respective token who has often stated aversion for crypto and Dogecoin). In July, Jackson pointed out that the whole industry of asset class elevates capitalism’s most horrible features, benefiting the wealthy personalities while permitting them to illegally avert the taxation. The distribution of Dogecoin is significantly focused on the handful of rich holders, even the investors of Bitcoin and other such cryptocurrencies.
Nonetheless, the holdings of Billy do not show him to be among them. Although not insignificant, the holdings thereof are deficient in manipulating the market via a trade, nor can they provide him with a substantial fortune. As a result, the founder pursues to elucidate his leadership position within the community, as per the responsibility as well as the influence. He added that he did not owe even a single individual across the space.
Dogecoin, only for jokes
After the recent Twitter discussion ignited by Jack Dorsey – the CEO of Block – Markus elaborated that he does not have any magnificent aspirations across the industry. He is only interested in constructing stuff, having fun, and making money. Elon Musk, in this respect, spoke in the favor of this perception by revealing that he is a proponent of Dogecoin for the very reason.
The CEO of Tesla has frequently laughed at both Web 3.0 as well as Metaverse by categorizing them as buzzwords, suggesting that these concepts do not exist in reality and people should not bother about them seriously.