- Shibetoshi Nakamoto insists he gained't re-enter cryptocurrencies, citing lack of high quality tasks.
- He debunks myths about Ethereum tokens and highlights their 2015 launch date.
- Nakamoto highlights the rise of fraud as we speak, in distinction to the expert frauds of the previous.
Shibetoshi Nakamoto, the creator of Dogecoin, addressed the crypto neighborhood on social media and clarified his position within the improvement of cryptocurrencies. He emphasised that he has not been concerned in any crypto tasks for the reason that creation of Dogecoin in 2013, following his earlier try with Bells, a failed Scrypt coin.
Nakamoto reiterated that he has not labored on any cryptocurrency since 2014 and doesn’t plan to sooner or later. He dismissed rumors and misinformation about his alleged affiliation with new tasks, calling such claims outright lies.
Debunking Myths About Ethereum Tokens
Nakamoto additionally debunked a typical false impression about Ethereum-based tokens claiming to be created in 2013. He reminded his followers that Ethereum didn't launch till 2015, making such claims not possible.
He responded with humor to claims that he created Bitcoin and different outlandish claims, sarcastically stating that he was additionally answerable for the invention of the Web and oxygen.
Carpets and Scams: Then vs
Whereas Nakamoto finds the discussions and misinformation round him amusing, he’s additionally involved in regards to the growing variety of “rug pulls” within the crypto world. He famous that whereas scams at the moment are extra widespread and simpler to drag off, they had been additionally current within the early days of dogecoin.
On the time, these scams required a a lot larger degree of programming ability. Nakamoto takes a light-hearted strategy, however stays cautious about how shortly new meme cash and tokens are launched with out content material.
Revival of the bells and Nakamoto's disconnect
The dialog additionally included Bells, the cryptocurrency Nakamoto developed earlier than Dogecoin. Though the unique blockchain was deleted, Bells was revived by others. Nonetheless, Nakamoto distanced himself from the brand new model saying that he has no reference to the brand new token.
Additionally Learn: Analyst: Dogecoin's Reign as Meme Coin King Ends
Regardless of encouraging lovers to choose up a brand new undertaking and re-enter the cryptocurrency area, Nakamoto appears disillusioned with the present state of the market. He believes there are “virtually 0 good tasks” value his funding or involvement. His reluctance to re-engage within the crypto world displays his skepticism in regards to the flood of low-quality cash and scams, a sentiment that resonates with many disillusioned buyers as we speak.
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