Article: http://www.coindesk.com/dogecoin-founder-bitcoin-toxic/
“All in all, the cryptocurrency space increasingly feels like a bunch of white libertarian bros sitting around hoping to get rich and coming up with half-baked, buzzword-filled business ideas which often fail in an effort to try and do so.”
“I’ve yet to see a bitcoin business receive VC funding that has a provable business model (ie: one that generates profit) outside of exchanges and merchant services who simply take a slice of their customers’ business,” he said.
In tweets, he further expressed his love of the traditional payments service Venmo as well as for the ecosystem as a whole, suggesting he still sees long-term value in the underlying technology.
“Those charges merchants incur on traditional credit card payments? They exist for a reason, and that’s insurance against fraud protection,” he continued, adding: “I like the idea of being able to reverse charges if my bank account is ever compromised, personally.”
