Altcoins News
By Steven Anderson
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Talking about Shiba Inu token in the Lex Fridman Podcast: “On destroying 90% of the token worth 6.7 billion dollars, and donating 10% which is worth 1.
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Vitalik Buterin in the podcast explains why and how he was able to walk away from this much money and this much power.
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Vitalik started off stating that he would like to explain the bad story around the Shiba Inu Coins and the concept of him being given coins.
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“First of all in Shiba Inu as you said is the knock off of DogeCoin. DogeCoin was the initial kind of fun coin that was created around 2014 or so.
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At the beginning, people did not take it very seriously. I still remember putting around $25,000 in to Doge sometime around in 2016 and I remember thinking to myself like okay…
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The only interesting thing is that there is a logo a Dog somewhere, but it ended up as one of the best investments I ever made.
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And, I remember this was one, I was still in Singapore in the middle of Covid and saw that the price just went up by 1000% And, I was like Oh, my god.
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And, a few hours after, I did this the price dropped back down from about 7 cents to 4 cents. So, I was feeling like I was such an amazing trader.
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After that we have Doge and then people are thinking, well if the leading DogeCoin is worth 50 billion dollars then the second largest Dog token will be at least 7 or 8 billion.
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