Latest News

The Dogecoin Core Developer explains why he is “Stepping Away From Dogecoin.”

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.“

Related Posts – Ferrari joins the NFT universe through a collaboration with a Swiss…

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.