Dogecoin creator finally ‘reveals’ relationship between DOGE and Bitcoin

[ad_1]

Youri Molchan

One of the creators of DOGE compared Dogecoin to “Cousin Greg”

Read U.TODAY on

Google News

Content

“Dogecoin is cousin Greg”Dogecoin, Elon Musk and Billy Markus

Dogecoin co-founder Billy Markus, who created the original meme cryptocurrency with Jackson Palmer in 2013, took to Twitter to “reveal” his DOGE invention’s real-life connection to flagship crypto Bitcoin.

“Dogecoin is Cousin Greg”

Markus shared a photo of a cover of John Stevenson’s book titled “Dogecoin Bitcoin’s Poor Cousin?” Billy wrote in his tweet that actually “Bitcoin is cousin Greg”. This is who the second screenshot shared by this crypto influencer refers to Greg Hirsch from the HBO series Succession which debuted in 2018 and still continues to run.

In the series, Greg Hirsch is referred to as “Cousin Greg”. Greg Hirsch is a nonchalant great-nephew of one of the main characters, a member of the family. Here’s what estate.fandom has to say about Greg: “Far from the wealth of the Roy family, he moves to New York to have fun with Logan Roy and get a steady job with the company.”

This analogy to Dogecoin seems to have caught the attention of Billy Markus as he reacted, perhaps a little ironically, to the title of Stevenson’s DOGE book.

Effectively, however, Dogecoin was a spring of Bitcoin, made based on the BTC code and as a parody on Bitcoin. It uses the same consensus protocol as BTC, proof of work, and is even mined with Litecoin, another BTC spring. Yet now Dogecoin is on the list of top 10 cryptos, according to CoinMarketCap, occupying the honorable eighth spot. Its market cap stands at $12,376,257,931 while it trades at $0.08907.

Dogecoin, Elon Musk and Billy Markus

The meme coin was lucky enough to attract the interest of Elon Musk, CEO of Tesla, founder of SpaceX and owner of Twitter, a person who is among the three richest men on the planet, often becoming the richest of them. Recently, Musk put DOGE on the Twitter logo for a few days, which propelled the coin up 33% within hours. Musk recently mentioned on Twitter that he considers Billy Markus his friend, although they have never met in person and only communicate via Twitter. Musk allegedly holds large amounts of Dogecoin.

Markus and Palmer created DOGE as a side project, a hobby. According to a recent comment by Markus in response to Anthony Pompliano’s tweet, he created Dogecoin in just a few hours.

Several times recently, Billy Markus reminded his Twitter followers that he quit the Dogecoin project almost after launch and sold the majority of his DOGE. He does not plan to start a new cryptocurrency project or get involved in such a project in any capacity because he believes crypto investing is a form of gambling.

[ad_2]