Dogecoin developer says he will be stepping away from the cryptocurrency for a few reasons
Ross Nicolthe main developer of Dogecoin, who is also a director of the Dogecoin Foundation, said that he would walk away from cryptocurrency for several reasons.
Nicoll, who is a full-time software developer at Alphabet Inc, says he will be stepping down from his role at the Dogecoin Foundation to avoid a potential conflict of interest as his employer might be moving into the blockchain space.
It also points to the stress due to the increased workload when combining the two tasks. In a blog post, Nicoll wrote that he would remain an advisor to the foundation to allow the process to replace him as director to unfold.
Ross Nicoll claims he has not been drawing a salary from the foundation, noting that the last time he received a tip jar payout was in July 2021.
Dogecoin Foundation operates in a challenging environment
The lead developer of Dogecoin notes that “The Dogecoin Foundation operates in an extremely challenging environment where every step of the simple process is much more complex than it should be.”
He says that in 2021, some parties registered trademarks for Dogecoin, fraudulently claiming to be ”dogecoin” or ”Dogecoin developers.” In the summer of 2021, there was a potential lawsuit against the real Dogecoin developers from someone who claimed they were responsible for their funds.
From time to time creator of Dogecoin Billy Marcus is pouring heavy criticism on a part of the Dogecoin community that he says is trying to break DOGE from within.
In a late January tweet, he stated, ”Working on a cryptocurrency sucks. it’s a lot of responsibility and lots of stress. what doesn’t help is an entitled, obnoxious community. that increases the suck. that’ll makes the workers quit.”
The creator of Dogecoin claims that he has done almost nothing with Dogecoin because it was created to be a joke.
