On February 8, Alex McCurry, the founder of Solidity.io, a blockchain development company, spoke out on Twitter to call “waste“Shiba Inu, Dogecoin and other dog-inspired crypto-currencies.
– Alex McCurry (@alexmccurryo) February 8, 2023
Alex McCurry’s remarks come amid growing concerns about the stability and reliability of meme tokens, which have gained popularity for their novelty but are criticized by many experts as having no real value and being used for speculation and quick profits.
This criticism is not limited to Alex McCurry, as Bigger Entertainment CEO Steven Cooper has also spoken out against Shiba Inu.
Steven Cooper accused Shiba Inu of being a pyramid scheme, due to the lack of burned tokens and actual achievements of the Shiba Inu team.
Steven Cooper was once very involved with Shiba Inu, but left the community after becoming disputed with the developers. Now he has no desire to get involved again. He even claims to have been the victim of a smear campaign against him and his company.
The controversy surrounding the Shiba Inu developer community continues to escalate. Lead developer Shytoshi Kusama has faced backlash after eliminating the “races“, community members who are supposed to help develop the token.
Some have accused Shytoshi Kusama of reducing the level of decentralization of the project, with Trophias, co-leader of the SHIB defense team, being particularly critical.
McCurry’s commentary on Shiba Inu and Dogecoin underscores the growing concerns about meme tokens, and the future reception of these tokens remains to be seen. Investors should always keep in mind the potential risks involved and the fact that there are many unknowns when it comes to investing in the crypto-currency market.