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Dogecoin Founder Says 95% Cryptocurrencies Are Garbage And Scam, Elon Musk Responds

The outspoken Dogecoin creator is not holding back as he slams illicit cryptocurrency projects.

The creator of Dogecoin (DOGE) Billy Marcus has slammed the majority of cryptocurrencies in the market, calling a whopping 95% of them scams and garbage.

According to a tweet made by the Dogecoin creator, cryptocurrencies have earned quite a bad reputation since its inception, with many people, especially traditional financial players, using derogatory terms to describe the asset class.

Derogatory terms like scams, garbage, and bubbles have been used to describe digital currencies in recent times due to the sad stories that have filled the crypto market since its inception.

Doge founder comments in the wake of Terra Luna’s price collapse along with its sister Stablecoin, UST. Billy singled out Luna’s Do Kwon as one of the “tech bros” he was talking about. Luna and UST crisis has caused investors to lose billions of dollars. As a result, Terra Founder Do Kwon Seeks Police Protection Following Recent Home Invasion From an Alleged LUNA Investor.

Commenting on the derogatory names cryptocurrencies have earned over the years, Marcus said:

“The reason why people think crypto is 95% scams and garbage and most crypto people are assholes is that crypto is 95% scams and garbage and most crypto people are assholes. Let’s change that. it starts with you – what you support, and how you behave.”

the reason why people think crypto is 95% scams and garbage and most crypto people are assholes is because crypto is 95% scams and garbage and most crypto people are assholes

let’s change that. it starts with you – what you support, and how you behave.

— Shibetoshi Nakamoto (@BillyM2k) May 16, 2022

He added that anyone who gets agitated by the tweet is the scammers and a.shol.s that are being referred to.

also note that the only people who are gonna react triggered and lash out to this tweet are the scammers and assholes

— Shibetoshi Nakamoto (@BillyM2k) May 17, 2022

Elon Musk Reaction

Meanwhile, the tweet made by Marcus prompted the reaction of Elon Musk, the founder and CEO of the American electric car company Tesla.

Musk replied to the Dogecoin creator’s tweet with a laughing and crying emoji, suggesting that the post was funny to the extent that it brought tears to his eyes while he was laughing.

🤣

— Elon Musk (@elonmusk) May 16, 2022

As a result of continuous teasing Terra founder, Do Kwon blocked Doge founder on Twitter.

   

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