{"id":77750,"date":"2023-04-24T16:19:26","date_gmt":"2023-04-24T13:19:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77750"},"modified":"2025-09-11T01:05:22","modified_gmt":"2025-09-10T22:05:22","slug":"dogecoin-cofounder-likens-crypto-mania-to-mental-illness","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dogecoin-cofounder-likens-crypto-mania-to-mental-illness\/","title":{"rendered":"Dogecoin cofounder likens crypto mania to mental illness"},"content":{"rendered":"<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-dogecoin-doge\">Dogecoin (DOGE)<\/a> co-founder Billy Markus described investors in digital assets as people who invest money in mental illness.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">investing in crypto is literally just investing in mental illness <\/p>\n<p>which i suppose is on the rise, so\u2026<\/p>\n<p>\u2014 Shibetoshi Nakamoto (@BillyM2k) <a href=\"https:\/\/twitter.com\/BillyM2k\/status\/1649565225824456704?ref_src=twsrc%5Etfw\">April 22, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cInvesting in crypto is, without exaggeration, investing in a psychiatric disorder that&#8217;s on the rise, so\u2026\u201d, wrote Markus.<\/p>\n<\/blockquote>\n<p>When asked whether he includes non-fungible tokens in his definition, Markus replied:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNFTs are crypto-derivatives, so they appear to be an even bigger mental disorder.\u201d<\/p>\n<\/blockquote>\n<p>In his view, the world is getting &#8220;more stupid and hopeless&#8221;.<\/p>\n<p>Earlier in 2015 <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-cofounder-explains-how-he-got-rid-of-his-coins-in-2015\">left Dogecoin<\/a> and sold all his coins. The same year, the second co-founder of the cryptocurrency \u2014 Jackson Palmer \u2014 left the project. He expressed disappointment in an industry whose users \u201crun around hoping to get rich\u201d.<\/p>\n<p>One of the commenters in Markus&#8217;s thread wrote that it was he, as the creator of DOGE, who helped him do that.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">i mean, whoever bought the stuff from you made you rich<\/p>\n<p>\u2014 Shibetoshi Nakamoto (@BillyM2k) <a href=\"https:\/\/twitter.com\/BillyM2k\/status\/1649566364049506306?ref_src=twsrc%5Etfw\">April 22, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI would say the one who bought your assets made you rich,\u201d said the project\u2019s founder, hinting at the <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A2%D0%B5%D0%BE%D1%80%D0%B8%D1%8F_%D0%B1%D0%BE%D0%BB%D1%8C%D1%88%D0%B5%D0%B3%D0%BE_%D0%B4%D1%83%D1%80%D0%B0%D0%BA%D0%B0\">\u00ab\u0431\u043e\u043b\u044c\u0448\u0435\u0433\u043e \u0434\u0443\u0440\u0430\u043a\u0430\u00bb<\/a> theory.<\/p>\n<\/blockquote>\n<p>In a later tweet he compared participating in trading on any financial markets to gambling.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">all money you make on all markets come from other people gambling.<\/p>\n<p>if you make money, you\u2019re taking it from others.<\/p>\n<p>if you lose money, you\u2019re giving it to others.<\/p>\n<p>you\u2019re just playing poker. no one is a hero. no one is morally superior. you\u2019re just playing a stupid rigged game.<\/p>\n<p>\u2014 Shibetoshi Nakamoto (@BillyM2k) <a href=\"https:\/\/twitter.com\/BillyM2k\/status\/1649988545564803072?ref_src=twsrc%5Etfw\">April 23, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf you make money, you\u2019re taking it from others; if you lose, you\u2019re giving it to someone else. Like poker, there are no heroes and no moral superiority. You\u2019re just playing a stupid rigged game,\u201d Markus said.<\/p>\n<\/blockquote>\n<p>In 2021 he <a href=\"https:\/\/u1f987.com\/en\/news\/dogecoin-co-founder-sells-nft-collection-tied-to-meme-cryptocurrency\">released for sale<\/a> a collection of NFTs bearing the Dogecoin logo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin (DOGE) co-founder Billy Markus described investors in digital assets as people who invest money in mental illness.<\/p>\n","protected":false},"author":1,"featured_media":77751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,1138],"class_list":["post-77750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77750"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77750\/revisions"}],"predecessor-version":[{"id":77752,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77750\/revisions\/77752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77751"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}