‘Cryptocurrency was created in ‘Two Hours’: Dogecoin co-creator Billy Markus

New Delhi: Dogecoin co-creator Billy Markus revealed that he did not take environmental impact into consideration while creating the cryptocurrency.

He said that he created it nearly eight years ago as a joke but now Dogecoin has become a household name. Elon Musk had once again tweeted that he strongly believed in “crypto,” adding “it can’t drive a massive increase in fossil fuel use, especially coal.”

Musk’s tweet came after Tesla suspended the purchase of vehicles using Bitcoin (price in India), the world’s oldest and largest cryptocurrency, in which the leading electric car manufacturer invested $1.5 billion (roughly Rs. 10,990 crores) earlier this year. The company further said that cryptocurrency is a good idea on many levels and it believed it has a good future but it cannot come at the “great cost to the environment.”

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

Markus, who is well known as Shibetoshi Nakamoto on Twitter, reacted to the tweet after tweet started getting traction, the co-creator of Dogecoin (price in India) came back and clarified that his response implied: “aw man, you right, environment stuff.” Under the first tweet, user @TerrysFishyTips asked Markus if he considered energy usage while creating the digital currency. “Or was that not something you thought about? How can the dev community make doge more efficient?” the user further asked.

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— Shibetoshi Nakamoto (@BillyM2k) May 13, 2021

In his response, Markus said that he had created Dogecoin in “like two hours and didn’t consider anything.”

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— Shibetoshi Nakamoto (@BillyM2k) May 13, 2021

Later, Elon Musk also informed in his Tweet that he was working with Dogecoin developers to improve system transaction efficiency.