As a seasoned researcher with a knack for deciphering the nuances of digital currencies and their communities, I find myself intrigued by the ongoing discourse surrounding Shiba Inu (SHIB) led by its enigmatic lead developer, Shytoshi Kusama. His recent exchange with Nick Tomaino, a prominent figure in the crypto sphere, offers a fascinating insight into the dynamic of this digital dog’s fight for recognition.
The enigmatic figure behind the Shiba Inu project, commonly recognized by the alias Shytoshi Kusama within the community, couldn’t resist addressing a tweet that questioned his recent claim about SHIB outpacing Bitcoin in terms of value growth.
On this occasion, Kusama addressed the founder of 1confirmation investment firm, who frequently expresses interest in SHIB, in response to his assertion that Shiba Inu may only persist as a “mere meme for small change.
Kusama responds to “disrespect” for SHIB
Nick Tomaino, who established the 1confirmation investment company, recently posted a tweet listing seven cryptocurrency projects dating back to the early days of crypto, which he considers as having had the greatest influence so far.
That list starts with Bitcoin and ends with stablecoin-based platform Bridge. In the middle, he placed Coinbase, Ethereum, Maker DAO, OpenSea, and Polymarket. They “all have faced endless FUD and used it as fuel,” Tomaino wrote.
Again, the disrespect… smh #SHIB
— Shytoshi Kusama™ (@ShytoshiKusama) October 30, 2024
Shytoshi Kusama responded to that post, saying “Again, the disrespect… smh #SHIB”
This partially aligns with a statement made by @Vivek4real_ X user in a previous post, where he labeled Bitcoin as the top-performing asset over the past ten years. As shown in his infographic, Bitcoin surpassed tech giants like Tesla, Apple, and Amazon, as well as traditional indices such as the S&P 500 industrial index and gold.
In a recent tweet, Shytoshi Kusama stated that SHIB has achieved a 66-fold success compared to Bitcoin. However, he emphasized that he’s not trying to belittle Bitcoin, as it remains the greatest of all time (GOAT). But in a playful way, he compared himself to a character named Saiyan from Dragon Ball Z.
In a later tweet, Kusama stated that Shiba Inu, which reached its all-time low in September 2020, has since experienced an astonishing growth of approximately 33,774,726.7%. This surge surpasses the gains made by rival top coins such as DOGE (up 202,583%), SOL (increased by 35,715.8%), and BNB (accelerated by a whopping 1,521,482.8%).
SHIB isn’t “chump change meme” per Kusama
In the very same discussion, an ardent Shiba Inu coin supporter made a comment to Kusama, expressing that until the Shiba Inu price exceeds $0.01, the community may not give SHIB the attention it deserves and will likely keep considering it as just a “funny meme for loose change.
Shytoshi Kusama responded to that critic, saying that “top 10 isn’t chump change.” “Those who are wise give us respect. “Crypto Twitter” just hasn’t DYOR.” However, today, after a roughly 4% decline, Shiba Inu is out of the top-ten crypto list, holding the 12th position, according to CoinMarketCap.
Apologies for the inconvenience, but the top 10 [cryptocurrencies] aren’t something to underestimate. Wise people accord us due respect in this context. To clarify, when we refer to “Crypto Twitter,” it means doing your own research (DYOR) is crucial.
— Shytoshi Kusama™ (@ShytoshiKusama) October 31, 2024
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2024-10-31 11:48