Dogecoin

Dogecoin founder, Billy Marcus has condemned DAOs, criticizing flaws in their fundamental design as a shared governance and expressing doubts about their viability over time within the crypto space.&nbsp; 
<h2 id="doge-founder-slams-daos">DOGE Founder Slams DAOs</h2> 
In a <a href="https://x.com/billym2k/status/1729590315873370439?s=46" rel="nofollow" target="_blank">recent post on X</a> (formerly Twitter), Dogecoin creator, Billy Marcus aka Shibetoshi Nakamoto openly criticized <a href="https://www.newsbtc.com/news/company/are-daos-real/" rel="nofollow noopener" target="_blank">Decentralized Autonomous Organizations (DAOs)</a>, expressing a general dislike for the organization and the idea behind it.&nbsp; 
“DAOs are almost universally stupid and doomed because ‘crypto communities’ are often exclusively interested in short-term profits, the hype is worth more than actual deliveries, and nobody has any incentive to build anything,” Marcus stated. 
The Dogecoin founder’s assertive declarations were in response to a comment published by a popular <a href="https://x.com/jason/status/1729557138383442277?s=46" rel="nofollow" target="_blank">X community member, Jason</a> who had expressed his appreciation for DAOs and <a href="https://bitcoinist.com/nft-boom-cryptopunks-shines-900-trading-volume-rise/">Non-fungible Tokens (NFTs).&nbsp;</a> 
“NFTs were always fascinating to me. Along with DAOs, I thought they had the most potential and I still do. Highly recommend founders who believe in these keep grinding on making them easier to use,” Jason stated. 
The X community member’s admiration of DAOs and NFTs comes at a time when <a href="https://bitcoinist.com/nfts-are-seeing-resurgence-signs-crypto-bull-market/">the value of NFTs is slowly declining </a>and DAOs are lacking proper managerial structures and governance.&nbsp; 
Many X users have supported Marcus’s view of DAOs, highlighting shortcomings in <a href="https://bitcoinist.com/tron-earns-96-74-million-revenue-usdt-transfers/">DAO’s</a> unique governance structure and its tendency to produce unproductive results.&nbsp; 
“I used to be more optimistic about DAO but I’ve now seen many of them in DeFi devolve into squabbling chaos. Without a strong hand on the governance in some fashion, whether via a founder or investor, a beneficent dictator gridlock emerges,” one X user <a href="https://x.com/markjeffrey/status/1729574811398267239?s=46" rel="nofollow" target="_blank">stated.&nbsp;</a> 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/HZi1yU2P/" alt="Dogecoin price chart from Tradingview.com (DOGE founder)" width="2650" height="1530"> 
<h2 id="dogecoin-founder-reveals-net-worth">Dogecoin Founder Reveals Net Worth</h2> 
In a recent post on X, <a href="https://bitcoinist.com/dogecoin-founder-net-worth/">Billy Marcus disclosed details of his net worth</a> after a report claimed the Dogecoin creator had an estimated net worth of $5 million. Marcus deemed the evaluation as ‘hilarious,’ stating that his net worth was well below $1 million despite the fact that he actively desired to make more money.&nbsp; 
Amidst these revelations, the price of Dogecoin is doing fairly well. At the time of writing,<a href="https://bitcoinist.com/dogecoin-price-up-cross-0-09/"> DOGE</a> is trading at $0.081 and its daily market capitalization presently is up by 5.06% according to CoinMarketCap. Adding to the excitement, the cryptocurrency’s space mission, the <a href="https://bitcoinist.com/dogecoin-ntia-doge-moon-mission/">DOGE-1 moon mission</a>, is also scheduled to launch soon. 
Considering Dogecoin’s recent positive performance over the past week, <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-double-price-barrier-breaks-analyst/" rel="nofollow noopener" target="_blank">numerous price predictions</a> have emerged for the token, with some suggesting a potential surge to $0.14 if it breaks certain key resistance.

Dogecoin Founder Says DAOs Are ‘Universally Stupid And Doomed’, Here’s Why

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