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Hot Development: Leaving the Post of Founder of Popular Altcoin

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Hot Development: Leaving the Post of Founder of Popular Altcoin

Tate announced this decision in his tweet on May 15. He explained what he lived after eight years in the industry:

“I LEARNED VERY IMPORTANT LESSONS. THE FIRST WAS THAT GREED WAS THE MAIN DRIVING FORCE IN THE ACTIONS OF CRYPTO AND LIFE. ”

DigiByte founder is tired of greed!

Tate explained that the original values ​​of the crypto industry have disappeared, but added that he did not speak on behalf of anyone interested in DigiByte. Tate noted that 90% of people behave to sell the moment cryptocurrency is on the rise.He then added: “This is a basic motive. I understand. However, I see that this technology is used every day in order to enrich it for the benefit of many in the long term. ” He also stated that the feature that makes blockchain important is not fast money.

DigiByte rose to 34th in April, rising 300 percent, then peaking with a 930 percent rise. The project was launched in 2014 without an ICO and was voluntarily developed without any authority.

Betrayals and plunder

Tate’s farewell series on Twitter continued as follows: “I can’t even count the people trying to stab me in the past five years and trying to make money fast on DigiByte. I even had friends and confidants among them. ”

DigiByte’s outgoing figure said he saw the organizations earn millions from DGB, which he used only for cash, that he did not add back to the ecosystem, and added:

“YES, THEY DON’T HAVE SUCH OBLIGATIONS. HOWEVER, THE FACT THAT THE MAJORITY PLUNDERED THE LABOR OF THE MINORITY DOES NOT FIT INTO A NORMAL EQUATION. ”

Until things change, Tate wants to get himself out of “crypto status.”

Tate said he will not leave DigiByte forever, and will now focus on developing commercial applications using the DigiByte blockchain. Tate invited others to take the reins of the project and added: “A decentralized project should focus on its own value. Not on the founder’s view. ”

It should be noted that although DigiByte is not listed on Binance, it is ranked 34th in the market value ranking. Binance CEO Changpeng Zhao and Jared Tate had a discussion in 2018. Tate claimed that CZ in the background asked $ 300,000 to list DigiByte and 3% of the coin’s supply. This may also be the “plunder” the founder is talking about.

1 Comment
  1. Mentose2 says

    Like!! Great article post.Really thank you! Really Cool.

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