DigiByte’s founder has stood down citing a corrupted crypto culture fixated on profiteering just weeks after DGB rallied 90% in six weeks.
Jared Tate, the founder of DigiByte (DGB), has announced he is stepping down from his daily operation, accusing the crypto community of becoming “co-opted [and] eroded by greed” and warning of centralization.
Tate’s announcement comes shortly after DigiByte rallied by 900% in roughly six weeks.
DigitByte founder stands down
In a series of tweets posted on May 15, Tate took aim at the blockchain community for placing an emphasis on short-term profiteering.
“All 90% of the people care for is cashing out when a coin moons,” he said.