Dogecoin developer criticized Cryptocurrency and AI startups 🚨
The co-founder of Dogecoin, Billy Marcus, expressed his dissatisfaction with startups seeking to attract investments, playing on the excitement around cryptocurrencies and artificial intelligence. He warned venture capitalists that the use of these terms could become hasty.
"If new projects mention artificial intelligence, then ChatGPT will do it in a few months. If they mention cryptocurrency, it's moronic," said Marcus.
Despite the increase in venture capital funding in the cryptocurrency sector in November, Marcus believes that the cryptocurrency industry is blinded by greed and lacks understanding. He stressed that only 0.02% of market participants actually care about anything other than making money.
The Bells project, presented by Marcus, came under the attention of the community after discovering an uneven distribution of benefits in favor of insiders and early participants. In this regard, the Dogecoin developer stressed the importance of honesty in the crypto world and expressed concern that greed is becoming a priority in the industry.
"Dogecoin was successful only because it was released honestly. However, in the current crypto world, it no longer matters, because greed blinds everyone, and almost the entire industry does not understand the basics," he added.
Recall that in April 2022, Marcus called for the creation of a cross-chain bridge between the Dogecoin and Ethereum blockchains. This step was an attempt to improve the interaction between different blockchains.
Thus, Billy Marcus, despite the criticism, continues to actively participate in the dialogue on the development of cryptocurrencies and emphasizes the importance of honesty and ethics in this industry.
