Billy Markus, one of the founders of the popular meme token Dogecoin, using the nickname Shibetoshi Nakamoto on Twitter, continued his criticism of cryptocurrencies.
Arguing that cryptocurrencies are useless, the DOGE founder said that what makes cryptos useless is high transaction fees.
“High gas fees / high transaction fees make popular cryptocurrencies essentially corrupt garbage.”
real talk, high gas fees / high transaction fees in popular cryptos essentially make them broken garbage
scale the tech or it’s ngmi
— Shibetoshi Nakamoto (@BillyM2k) May 3, 2023
Under Markus's post, a Twitter user posted a cartoon featuring Nano. Replying to this cartoon, Billy Markus said, "I only mean popular cryptocurrencies." said.
At the bottom of the post, a user also said "Solana fixes it" to Markus' complaint about high transaction fees.
Markus Solana also noted in his comment that SOL has a centralized database "doesn't solve anything".
"Even though Solana is basically a centralized database, it doesn't really solve anything."
solana is basically a centralized database though, it doesn’t really solve anything
— Shibetoshi Nakamoto (@BillyM2k) May 3, 2023
Solana was backed by the bankrupt FTX and its sister company Alameda Research. However, after the FTX bankruptcy, SOL also suffered a major collapse. SOL recovered strongly as everyone waited for SOL to go to zero left. SOL is trading at $21.45 at the time of writing.
*Not investment advice.
