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The founder of Dogecoin speaks out against meme coins

“They’re made by people attempting to make money off the backs of other people trying to make money,” Dogecoin creator Billy Markus explained.

Billy Markus, the founder of the Dogecoin (DOGE), attacked the crypto shills through a series of tweets, apparently angered by the volume of “meme coin” spammers invading his Twitter conversations.

Markus explains how DOGE began more than eight years ago as a real meme mocking “idiotic currencies.” The creator, however, points out that meme coins are no longer memes. “They’re manufactured by people attempting to make money off the backs of other people trying to make money,” Markus wrote.

Markus went on a rant about Binance Smart Chain tokens, which he brought up again. These cryptos, he claims, have “made the internet worse in every manner.” He also stated that he doesn’t mind if people want to bet, but he requested that spam adverts be removed from his posts. Finally, he stated that these insignificant advertisements “make the internet less fun.”

The messages were seen by many of Markus’ over one million Twitter followers, who echoed Markus’ frustrations. The spam advertising are “sickening,” according to Twitter user Tuanskiii1.

Despite the fact that the DOGE founder expressed his points very clearly, meme coin spammers continued to flood the thread with more meme coin adverts.

In January 2021, Dogecoin entered the top ten cryptocurrencies by market valuation. DOGE is currently trading at $0.11 per token, maintaining its position as one of the top nine cryptos by market capitalization despite being down 17% on the day.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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