As a researcher looking into the world of cryptocurrencies, I find myself constantly amazed by the transformative power that these digital assets can have, particularly when it comes to the story of Dogecoin (DOGE) and its co-founder Billy Markus, also known as Shibetoshi Nakamoto.
Billy Markus, co-creator of the first meme-based cryptocurrency Dogecoin (DOGE) with Jackson Palmer in 2013, has expressed on his X platform account that he’s been reconsidering his stance towards cryptocurrencies lately.
He also took a jab at the conventional banking system, adding emphasis to his statement on crypto.
Billy Markus is commonly recognized across social media platforms by his nickname, Shibetoshi Nakamoto – a playful nod to the real creator of Bitcoin, Satoshi Nakamoto.
DOGE founder likes crypto much better now
In his latest post on Twitter, Markus expressed that he’s grown to “find cryptocurrencies increasingly valuable lately.
Markus mentioned that it’s not just due to the recent significant price increases, but also jokingly acknowledged that it does help: “yeah, I can’t deny that it does, laugh out loud.
Billy Markus’s explanation for adopting that stance is that he places greater faith in codes as opposed to people, since he believes that code is less susceptible to corruption compared to human beings. In other words, he finds code more reliable due to its inherent resistance to corruption.
Lately, I’ve been growing increasingly fond of cryptocurrencies, not just due to their rising prices (it’s true, that does make a difference with a chuckle), but also because I’m gaining a deeper understanding and appreciation for the technology behind them.
— Shibetoshi Nakamoto (@BillyM2k) December 7, 2024
As a researcher delving into the realm of cryptocurrencies, I found myself nodding in agreement when a commentator pointed out that crypto offers a solution against exorbitant banking fees. From my perspective, as I continue to uncover the intricacies of how banks function, it becomes increasingly apparent that such a system merits disruption.
In my research findings, I’ve observed significant price jumps as mentioned by Markus. Notably, Bitcoin has breached the $103,000 mark, which in turn propelled Ethereum over the $4,000 threshold, and the broader crypto market is witnessing substantial price hikes as well. Interestingly, Dogecoin stands out, having climbed to seventh place in market capitalization and recording a nearly 20% growth in the last week. This surge reached a local peak of $0.46 on Thursday. At the moment, Dogecoin trades at approximately $0.44718.
Markus celebrates DOGE 11th birthday
11 years ago today, on December 6th, Dogecoin co-founder Markus posted a triumphant update to mark the anniversary of DOGE’s market debut. Today, this digital currency has a staggering market cap of over $66 billion.
Today marks the 11th anniversary of Dogecoin’s creation, which is amazing to consider how something conceptualized in a short timeframe can leave such a significant mark on the world. It’s an inspiring thought that everyone has the ability to make a profound difference through their actions, regardless of scale.
— Shibetoshi Nakamoto (@BillyM2k) December 6, 2024
Markus acknowledged that he didn’t anticipate such a significant outcome for “a seemingly trivial creation” that he developed in just a few hours. He feels that the accomplishment of Dogecoin serves as an inspiring demonstration that anyone has the capacity to create a substantial impact with their actions, regardless of the size or scale.
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2024-12-07 14:53