Billy Markus, Co-Founder of Dogecoin, Criticizes AI and Crypto in Tech Startup Pitches
In a recent tweet, Billy Markus, the co-founder of Dogecoin, expressed his criticism towards tech startup pitches that mention Artificial Intelligence (AI) and crypto. Markus believes that greed has blinded everyone in the crypto world.
Dogecoin Creators: Less Than 0.02% of Crypto World Cares Beyond Profit
Markus, also known as “Shibetoshi Nakamoto,” shared his thoughts on Twitter:
“Dear VCs,
let me help you out, for when you hear tech startup pitches:
– if they mention AI, it’s something chatgpt will do in a few months
– if they mention crypto, it’s retarded”
Markus’ criticism comes at a time when VC funding for crypto is starting to recover after a prolonged bear market. In November, crypto firms raised approximately $720 million in funding.
The Community Discovers Billy Markus’ Abandoned Project – BELLS
The community recently discovered an abandoned project by Markus called BELLS, which was launched eight days before Dogecoin. Community members restarted the project and started mining the tokens, with even mining farms joining in.
“Within a few hours of the relaunch, mining farms, using high-powered ASIC miners, have dominated BELL mining. This means the odds of you winning the BELL reward on your computer are basically zero.” – Adam McBride
Markus pointed out that insiders and early adopters benefit far more than others in the crypto realm. He believes that greed has taken over the industry, leading to scams, grifts, and corruption.
Hot Take: Lack of Care Beyond Profit in the Crypto Space
According to Billy Markus, only 0.02% of the crypto space cares about anything beyond making money. He believes that the industry is filled with scams and corruption. It is crucial for the crypto community to prioritize ethical practices and a genuine interest in technology rather than solely focusing on profit.
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