The Dogecoin Foundation’s director, who is also a main developer for the popular crypto project, recently stated why he needs to minimize his involvement with the project.
Ross Nicoll is “going to be moving away from Dogecoin” for two reasons, according to a blog post published on February 16.
“the stress involved is overwhelming” and he needs to focus on himself for a while
the employer for his day job reportedly is Alphabet (the parent company of Google) and it “is moving into the blockchain space”
So, as Nicoll says, this is what he’ll be doing for the next few weeks…
“I’m giving the Dogecoin Foundation everything I have.” To facilitate the transition, I will continue to serve as an advisor to the Foundation. To avoid the inevitable queries, it’ll probably take 4-8 weeks until I’m off the official business house registry, due to the paperwork and process involved in replacing a director.”
He also reveals plans about the funding he has receives from Dogecoin Foundation:
“I am aware there will inevitably be questions about pay received from the Foundation.”
” The initial payments from the tip jar in 2014 and 2016 amounted to around $1,300 together,”
“at the time, and sadly I had spent my way through virtually all of them (covering infrastructure) when the price took off in 2021.”
“Since the 1.14.0-3 tip jar payout in July 2021, I have received no funds from the Dogecoin tip jar “
“(directly or to the best of my knowledge indirectly).”
“I’ve averaged about $350/month before costs from streaming and tips to my personal tip jar,”
” but I have not been drawing a salary from the Foundation, depending instead on my day job to pay the bills.”
“To HMRC, if you’re reading this, yes my tax return is going to be a lot more interesting this year.“
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