Dogecoin founder Bill Markus explains his stance on Shiba Inu

The hype surrounding dog coins has not quite died down. Despite falling prices for both Dogecoin and Shiba Inu, the communities remain very active on social media. A recent development in meme coin communities has been to jump on any changes to raise awareness of the tokens they support. Dogecoin co-founder Bill Markus was the last one caught in this wave.

As reported, Shiba Inu was one of the most talked about crypto projects on social media, delivering massive returns for investors despite its lack of utility, which was completely driven by the hype. Markus recently found himself in the crossfire after tweeting about this hype in the crypto community. This turned the dog coin communities against the co-founder.

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Hype will die out at some point

Markus took to Twitter to share his thoughts on the hype driving coins in the crypto space. He compared this to “get rich quick” programs where people only invest to make quick profits in the shortest possible time. For Markus, hype cannot have a lasting effect on the market. He called for more benefits for the projects in order to maintain their value in the long term.

The hype doesn’t last, and it attracts people who get rich quickly who are bailed out as soon as they get theirs and / or when new hype emerges.

If you want something to actually be worth more than it’s currently worth, add lasting value to it. Hype doesn’t add anything.

– Shibetoshi Nakamoto (@ BillyM2k) November 4, 2021

SHIB price begins recovery trend | Source: SHIBUSD on

As he continued on the topic, Markus explained that there are many people who get rich quick and outlined how they can be discovered.

You can tell the “get rich quick” people of low quality by what they produce

– anyone who demands that others “pump” their token
– anyone who blames others for their own financial decisions
– anyone who arbitrarily attacks people because their random investment is going well or badly

– Shibetoshi Nakamoto (@ BillyM2k) November 4, 2021

This didn’t go down well with the community, who reiterated their support for their favorite meme coins. However, the consensus was not entirely against the co-founder, as others agreed with his opinion.

Clarification of the connection to Shiba Inu

Markus was half of the duo that created the first meme coin, Dogecoin. This has made him an outstanding personality in the room. However, the similarities between Shiba Inu and Dogecoin have often led people to believe that the co-founder is involved in the former. Markus went to Twitter to explain his stance on the project.

Related reading | Dogecoin shows Shiba Inu who is boss as the battle for supremacy continues

He explained that he actually had nothing to do with the SHIB token and stated that he had been contacted again and again by supporters about the coin. According to him, he has little to do with the meme coin he created, although he remains an avid follower of Dogecoin.

By the way, I have nothing to do with the SHIB project. I made Dogecoin 8 years ago and have hardly anything to do with Dogecoin.

I removed the contact form from my website as it was spammed with people from the SHIB community yelling at me about their token.

Do not do that.

– Shibetoshi Nakamoto (@ BillyM2k) November 5, 2021

As for his Twitter handle, which contains the word Shib, Markus stated that it had nothing to do with Shiba Inu. In fact, it had had the name for years before SHIB appeared. “The doge is a Shiba Inu. I wore this name for 7.5 years before SHIB was a sign, ”said Markus.

Featured image from MarketWatch, chart from

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