DigiByte’s founder has stood down citing a corrupted crypto culture fixated on profiteering just weeks after DGB rallied 90% in six weeks.
Jared Tate, the founder of DigiByte (DGB), has announced he is stepping down from his daily operation, accusing the crypto community of becoming “co-opted [and] eroded by greed” and warning of centralization.
Tate’s announcement comes shortly after DigiByte rallied by 900% in roughly six weeks.
DigitByte founder stands down
In a series of tweets posted on May 15, Tate took aim at the blockchain community for placing an emphasis on short-term profiteering.
“All 90% of the people care for is cashing out when a coin moons,” he said. “It's a primal force. I get that. But everyday I see this tech being used to enrich the few at the expense of the long term good of the many.“
“The centralization of this industry will be its undoing if we let it,” he continued, emphasizing that the consolidation of the blockchain sector limits meaningful participation and engagement from everyday people.
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Topic: DigiByte Founder Steps Down, Slams ‘Greedy’ Crypto Culture (Read 130 times)