The creator of Dogecoin claims that 95% of cryptocurrencies are scams, Elon Musk responds

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

Credits: Aranami via Flickr

Billy Markus, the co-creator of Dogecoin (DOGE), has again cracked by a long tirade against cryptocurrencies. In an acid message posted on Twitter, he assured that 95% of cryptocurrencies on the market are scams.

“The reason people think crypto is 95% scam and garbage and most crypto users are assholes is because crypto is 95% scam and garbage and most crypto users are assholes”launched Billy Markus, better known under the pseudonym of 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 did not go down well with everyone. Elon Musk, one of the fervent defenders of Dogecoin, responded in his own way to Billy Markus’ tweet. Very fond of emojis, the founder of Tesla simply posted an emoticon of a laughing and rolling face.

Musk obviously does not agree with the analysis of the co-creator of Dogecoin. 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.

The other creator of DOGE, Jackson Palmer, is even more radical. The developer no longer wants to hear about the world of cryptocurrencies. Last year he felt that “cryptocurrency is 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.” After distancing himself from the ecosystem, he advises everyone not to get into it.

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