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HomeCrypto NewsDOGE Co-Founder Attacks Binance Chain, Declaring "Every Token on That Chain is...

DOGE Co-Founder Attacks Binance Chain, Declaring “Every Token on That Chain is Garbage”

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Billy Markus, also known as Shibetoshi Nakamoto on crypto Twitter, is one of the characters best known for his role in the creation of Dogecoin,  one of the most popular meme coins on the market right now. Billy is also a DOGE co-founder.

However, he is also known for his aggressive behavior when criticizing certain crypto projects or educating followers about the cryptocurrency market.

His current goal is to launch tokens on the Binance Smart Chain (BSC). Billy aimed at BSC tokens in a Twitter thread that has garnered much attention on crypto Twitter.

There are no BSC gems

People have sometimes rushed to put money into specific projects launched on BSC. However, experienced investors assess their profitability before investing in these projects, whether they are crypto tokens or NFTs. These potentially lucrative projects are known as “bscgems.”

However, Shibetoshi claims that “there is no such thing as a “bscgem.” He continues by claiming that all tokens launched on BSC are “garbage.” Anyone who talks about BSc gems, in his opinion, is a “scam bot, a scumbag, or an idiot.”

NFTs Have No Inherent Value, According to Billy

Shibetoshi also shifted his focus to NFTs in another tweet.

He asked and answered a series of questions about the intrinsic value of cryptocurrencies and NFTs. NFTs and cryptos, in his opinion, have no inherent value. Instead, their value is determined by how much the next person is willing to pay for a piece of the digital asset at any given time. However, he did not call them ponzis, instead attributing their arbitrary values to how markets work.

Billy’s tweets have gotten a lot of attention, and many of his followers have chimed in with their thoughts.

One notable reply read,

“We normally use units of measurements derived from some universal constant that we can repeatedly measure, but monetary value can’t derive value from a constant. You cross an imaginary line, and all of a sudden, something is cheaper or more expensive.”

Given Shibetoshi’s penchant for acting trashy on Twitter, it’s unclear his end goal, especially given that he was a co-founder of Dogecoin, which began as a funny meme coin.

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