Dogecoin founder speaks out against ‘meme coins’

Dogecoin founder speaks out against ‘meme coins’

Seemingly frustrated by the amount of "meme coin" spammers flooding his Twitter threads, Billy Markus, the founder of the Dogecoin (DOGE), blasted the crypto shillers through a series of tweets.  

Markus recounts how DOGE was originally created more than eight years ago as a true meme that pokes fun at “idiotic coins.” However, the creator points out that now meme coins are not memes anymore. “They’re made by people trying to get rich off of other people trying to get rich,” wrote Markus.

Our top trading bots

Markus continued his tirade by bringing up Binance Smart Chain tokens. According to him, these cryptos have “made the internet worse in every way.” He also underscored that he doesn’t care if people want to gamble, but pleaded for the absence of spam ads in his threads. Lastly, he noted that these token ads “make the internet less fun.”

Many of his more than one million Twitter followers saw the tweets and echoed Markus’ frustrations. Twitter user Tuanskiii1 describes the spam ads as “sickening.”

While the DOGE creator made his points very clear, it didn’t stop meme coin spammers from flooding the thread with more meme coin advertisements.

Related: Fading power? Weak DOGE spike after Elon Musk makes McDonald’s offer

Dogecoin started to rank within the top 10 cryptos by market capitalization back in January 2021. At the time of writing, DOGE is trading at $0.11 per token, retaining its spot as the top nine cryptos by market capitalization despite being down 17% on the day, according to Cointelegraph Markets Pro.

In a recent discussion of meme coins, one of Cointelegraph's experts picked DOGE as a token that may give a good return of investment in 2022, citing notable backers Elon Musk and Mark Cuban.

Read on relating to Cointelegraph
Cryptocurrency firm Circle doubles valuation to $9 billion in tweaked SPAC deal
(Reuters) -Cryptocurrency operator Circle Internet Financial said on Thursday it was valued at $9 billion under new deal terms with Concord Acquisition...
OpenSea email over inactive NFT listings sparks Twitter debate
Twitter users reacted negatively to an OpenSea email sent to users who still had inactive listings on their accounts. In the email, OpenSea explained that...
Avocado Guild and TPG Telecom partnership lets players earn mobile data with tokens
TPG Telecom and the Avocado Guild, a blockchain gaming business focused on the play-to-earn (P2E) model, have teamed up to allow customers to exchange their...
Cardano Falls 11% In Rout
Investing.com - Cardano was trading at $1.5876 by 09:23 (14:23 GMT) on the Investing.com Index on Wednesday, down 10.62% on the day. It was the largest...
Altcoin Roundup: 3 signs that show crypto mass adoption is underway
The march toward blockchain and cryptocurrency mass adoption has made significant strides in 2021 as the growth of decentralized finance (DeFi) and nonfungible...
Texas Ethics Commission seeks pro-crypto rule for political contributions
The proposal was filed with the Texas Secretary of State, which sought to address and clarify the reporting requirements of political contributions made...
Nuclear engineer sells classified data to undercover FBI agents for crypto
A nuclear engineer and his wife have been arrested in West Virginia on charges of espionage and selling restricted data.The couple sold classified information...
Cointelegraph Consulting: How Avalanche is reimagining DeFi
It’s not the first time that the native token of the Avalanche blockchain has encountered wild fluctuations. In February, AVAX shot as high as $60 only...
Here’s how traders knew LUNA and RAY were on the verge of a bullish breakout
Online information flows have a tremendous influence on the prices of crypto assets. Just this week, investors witnessed how even fake news can sometimes...
NFT sales surge as speculators pile in, sceptics see bubble
By Elizabeth HowcroftLONDON (Reuters) - Non-fungible token (NFT) sales surged in August, according to the largest platform for the burgeoning digital asset...
SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs
Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency...
Philippine Stock Exchange wants to launch local crypto markets first
The Philippine Stock Exchange (PSE) is aiming to be first in line when financial regulators give the green light for crypto asset trading in the country.On...
EOS price rallies 100% following a proposal to increase staking rewards
As the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and...
Yale Economists Say Bitcoin May Become Worthless
It is probable bitcoin will lose it all. There is a 0.4 % chance that the world’s most known cyber-coin. Which soared from below $1,000 at the beginning...
Last Year 80% of ICOs Were Scams, Research Shows
It is time to reiterate the all-time crypto-mantra: invest in cyber coins only the amount you can afford losing. It is time for a reminder as over 80%...