- There is no change in crypto since 2013 except the emergence of NFT, according to Shibetoshi Nakamoto.
- Shibetoshi made this statement based on how crypto scams still exist today.
Dogecoin Co-Founder Billy Markus — commonly known by his Twitter (NYSE:TWTR) name Shibetoshi Nakamoto, says that with the exception of NFTs evolution, crypto space has remained the same in bad profile since 2013.
He even went further by saying that the year 2013 became saturated with crypto scams, charlatans, and shady. Also, apart from this, there wasn’t a single day without a piece of news about crypto exchange hacks, flash crashes, and delusions, according to him.
crypto has changed a lot since 2013back then it was full of scams, charlatans, shady exchanges getting hacked all the time, flash crashes, and delusion
nowadays it’s full of scams, charlatans, shady exchanges getting hacked all the time, flash crashes, delusion, and jpgs
— Shibetoshi Nakamoto (@BillyM2k) December 5, 2021
Sparingly, Shibetoshi compared crypto sentiments back in 2013 to today and said that yet still, there isn’t any noticeable change of the scam and heist in crypto. Despite the evolution and emergence of new technologies, crypto still has a bad language, he added.
Rhetorically, does it mean Shibetoshi is losing his hope and love for crypto? Also, in many ways, the tweet looks like sarcasm and mockery. This provoked CEO Elon Musk to react with a laughing emoji. As the Twitter netizens responded in kind, Musk came again with a separate tweet. This time around, he reacted that non-fungible tokens (NFTs) are jpeging the dollar.
Musk’s response clearly shows that he doesn’t buy Shibetoshi’s narratives about crypto. Additionally, it also makes sense that Musk’s passion for crypto, especially Dogecoin is still strong like before. Crypto scams are environmentally inevitable so it is advisable to keep your mnemonic phrase and password secured anytime to avoid becoming a victim.