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Dogecoin

Dogecoin Founder Denies Ties To Abandoned Crypto Project From 2013

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin founder Billy Markus has found himself in the middle of another controversy as crypto developers dig up a project that was abandoned 10 years ago. The project which was titled BELLS was Markus’s brainchild before the idea for Dogecoin was born. However, he had abandoned the project and had not said anything about it until now.

The Resurrection Of BELLS Blockchain

Adam McBride took to X (formerly Twitter) last week to share a recent find that was connected to one of the Dogecoin founders, Bill Markus. According to McBride, the BELLS token was founded by Markus in 2013 but was abandoned. Following the 10th anniversary of DOGE when Markus talked about the beginning of Dogecoin, the crypto enthusiast had gone hunting for Markus’s other crypto project and they found it.

Related Reading: Shiba Inu Team Carries Out Massive SHIB Burn, Triggers 779,000% Spike

McBride, in cahoots with another crypto enthusiast, was able to dig up information about the BELLS blockchain which died in 2014, as well as a fork of the blockchain and an Ethereum version. But even after all of this, it did not end there.

McBride would then bring his findings to developer Luke Wrightmain who would eventually get the blockchain up and running again. Mining was kickstarted once more on BELLS and miners could get BEL tokens for their efforts.

However, users were warned that the code which is 10 years old could not be completely safe and do not mine with their main machines. Nevertheless, the cryptocurrency has garnered a lot of support and has managed to draw the attention of Markus.

Dogecoin price chart from Tradingview.com

DOGE price trending low at $0.0902 | Source: DOGEUSD On Tradingview.com

Dogecoin Founder Denies Ties To Revived Project

On Monday, X user CryptoKaduna took to the platform to share the BELLS project with their over 110,000 followers. In the tweet which does not directly mention BELLS, Kaduna alludes to the fact that it was a relaunched coin founded by Markus, adding that the Dogecoin founder had joined the project’s Discord to help the project.

The founder of $DOGE, @BillyM2k is also the founder of a recently relauched coin that sits at only 20M while $DOGE‘s ATH was 88B. He joined the discord to help the project apparently. Go through his replies and you’ll find the coin.

— Kaduna (@CryptoKaduna) December 18, 2023

Related Reading: Cardano Community Member Cautions ADA Holders Against This Serious Scam

However, Markus would take to X to clarify that he is not involved in the revived project in any way. He explains that the original tweet was misleading, and while he did join the project’s Discord, he only did so “to see what was going on and to provide a little color / warnings about the tech.” According to the founder, the tech behind the project is very old and people should know what they are getting to.

The Dogecoin founder also reiterated his previous stance that he does not plan to be a developer on any crypto project ever again. “I’m never going to dev on any crypto project ever again, and I’ve made that extremely clear thousands of times,” Markus concluded.

and i didn’t join the discord to help the project, i joined to see what was going on and to provide a little color / warnings about the tech.

i’m never going to dev on any crypto project ever again, and i’ve made that extremely clear thousands of times.

— Shibetoshi Nakamoto (@BillyM2k) December 18, 2023

Featured image from Inside Telecom, chart from Tradingview.com
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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