Under the pseudonym of “Shibetoshi Nakamoto,” the co-founder reminded people that quick-rich mindsets in the cryptocurrency sphere are set not to last too long because the hype is poised to fade away quickly.
hype doesn’t last, and it attracts get rich quick people who will bail once they get theirs and/or when a new hype appears.
if you want something to actually be worth more than what it is currently worth, add lasting value to it. hype adds nothing.
— Shibetoshi Nakamoto (@BillyM2k) November 4, 2021
As a result, cryptos could dump quickly, but once another wave of hype appears, people jump into it, and the cycle repeats itself, but he clarified that it means nothing. In response to Markus’ tweet, Musk supported these words by just replying with “Hype^Hype.”
Distancing From The Shiba Inu Project
But the Dogecoin co-founder had also been quite active during the last few weeks amid the bull-run witnessed in SHIB, and on November 4, he issued a brief statement commenting that he has nothing to do with the Shiba Inu project.
BTW, I have nothing to do with the SHIB project. I made dogecoin 8 years ago and barely have anything to do with dogecoin.
I removed the contact form from my website as it was getting spammed with people from SHIB community screaming at me about their token.
Don’t do that.
— Shibetoshi Nakamoto (@BillyM2k) November 5, 2021
In fact, he claims that people from the Shiba Inu community had flooded his email (via the website’s contact form) with several spam messages about his alleged involvement or ties with SHIB. Markus co-founded the Dogecoin Project in 2013.
