The co-founder of Dogecoin Billy Markus published an open letter on the r/dogecoin subreddit, in which he spoke about the sale of his coins and his attitude to new price records.
Markus stressed that he is not currently associated with the Dogecoin team. According to him, in 2015, he left the project and sold his savings in cryptocurrency for an amount equivalent to a used Honda Civic.
At the time of this writing, the average cost of a given car brand (2010-2017) with mileage is about $ 15,000.
“My mom is now struggling to pay for the house and is likely to lose it. If I hadn't “screwed up” with crypto investments many years ago, I could comfortably help her,” wrote Marcus.
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Earlier, the developer said that he left the project "due to harassment from the community."
In the letter, Markus noted that he did not understand the talk about the rally to $ 1 and the coin's market capitalization approaching the level of large American companies. He called the community and its potential to "do good" as the true value of Dogecoin.
guys, i sold all my doge in 2015 after getting laid off and freaking out about money. in total i made about enough to buy a used honda civic.
— Shibetoshi Nakamoto (@BillyM2k) January 31, 2021
i left the project over 7 years ago due to harassment from the community, and now i'm being harassed again. please consider this.
“Pump and dump, rampant greed, fraud, unscrupulous contributors, hype without research, taking advantage of others - it's all useless [...] Joy, kindness, learning, empathy, fun, community, inspiration, creativity, generosity, frivolity, absurdity - this is what makes Dogecoin valuable to me," said the developer.
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Adobe Systems employees Jackson Palmer and Billy Marcus created Dogecoin in 2013. Later, a conflict arose between them. Both founders left the project.