Billy Markus Critiques U.S. Taxation and Supports Crypto and X App Updates

DOGE Founder Critiques U.S. Taxation

Billy Markus, best known as Shibetoshi Nakamoto and co-creator of Dogecoin, has voiced his criticism of the U.S. taxation system. Markus highlighted the government's approach to taxing wealth, especially concerning the elderly population who own significant portions of the nation's assets. He criticized the strategy of re-taxing already taxed money upon death, suggesting it's exploitative.

Crypto's Value and Taxation

Markus questioned the U.S. government's stance on cryptocurrency, pointing out the inconsistency in taxing crypto sales despite claims of it lacking inherent value. He humorously challenged their position by demanding a refund for the taxes he paid on his crypto earnings, labeling the stance hypocritical. His views resonated with Elon Musk, who also questioned the realness of crypto only when it comes to taxation.

Views on Cryptocurrency

Markus has mixed feelings about the crypto landscape. While he appreciates Bitcoin and Ethereum, he is less enthusiastic about ERC20 tokens. He has expressed skepticism about the predictability of crypto prices, comparing the volatility to mental illnesses. Despite this, he actively participates in the NFT market, having sold NFTs in 2022 when Ethereum prices experienced notable fluctuations.

Support for X App Updates

Markus has also shown support for upcoming changes to the X app, which will soon introduce two tiers of Premium subscriptions. The new model includes a cheaper option with ads and a more expensive ad-free version. Markus stressed the necessity for businesses to generate revenue, either through subscriptions or advertising, to ensure sustainability. He encouraged users to either embrace these changes or accept the presence of ads as a reality of using digital services.

With a keen eye on both cryptocurrency trends and digital platform developments, Markus continues to engage with evolving economic and technological landscapes.