Used to be @GoodShibe. Early Dogecoin historian & author of the 800-day-long 'Of Wolves and Weasels' series. I aim to be kind but make grifters squirm.
Wowsville, Man
Joined September 2023
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This is why we ask the questions and point things out and say the things that need to be said.
It's what we should all be doing, IMHO.
If we all look out for one another then, maybe, just maybe, we can catch bad actors before they act.
Or in the act.
Don't let those who profit and feed on division divide us. There are good, decent, people of all walks, all creeds and all persuasions.
If we're all looking, all caring about finding the actual truth, they can muddy the waters all they like.
Eventually, one by one, the lies will be exposed and the truth will surface.
Much love, my friends.
GS
For those who missed it, the DogeOS people took Carter's work, broke it, then claimed *they* were bringing ZKP to Dogecoin.
github.com/dogecoin/dogecoin…
My "baseless agenda":
To cut through the hype to ensure users have access to the real risks involved and allow them to make truly informed decisions with *their* money.
If that makes me a "Hater" in your eyes, maybe you need a gut check as to why you're operating in this space?
I remember a convo I had with an admitted scammer back when I modded /r/DogecoinScamWatch. I asked him why he scammed people. He said 'cause he had been scammed. No one *could* help him. So he figured why not?
And I think that's how 90% of scammers get started: being victimized.
Not with a bang but a whimper.
Profiles scrubbed, KOLs running for the hills with their tails between their legs.
What I find most interesting is how few - as in zero - crypto coin "journalists" seem interested in digging into this banger of a story.
"*The* @Dogecoin Development Company"
"SToP BeInG So dIviSiVe!!!😡"
Must be real hard getting an honest look at the real world outside of your insular, protective bubble.
Divisive?
I'm still waiting for them to recognize that they basically ran off Carter.
HE, AFAIK, is the one who brought actual code to try and get ZK running on Dogecoin.
He was passionate and engaged and then they took his work, broke it and promoted it as if it was theirs.
Tens of millions of dollars have flowed through the hands of the Dogecoin Foundation since 2021 - some of it directly stolen from dev fund, some given by Vitalik and others, some from licensing TMs.
Where did all that money go? 🤔
Why do only we 'divisive' ones seem to care? 😂
This is the kind of attitude that really grinds my gears. 😂
Why aren't more people building?
Because our dipshit Foundation and their friends ran them off and/or straight-up stole their work.
So now the people 'building' have learned to do it quietly.
doge has 10m+ holders and barely anyone building for them
that's why @DogecoinLabs exists
Fake hype and resource extraction is really all these people have to offer.
They build platforms hoping good actors will come build for free so they can skim off their success.
Only real interest is rent seeking.
OneGoodShibe - Official King of Dogecoin 🫣🤣 retweeted
And once more, just to make my position even clearer for those writing articles.
I am not angry (as I may sound). I hardly ever am. I am disgusted.
And I am mostly concerned for people who might listen to what is being shilled through those channels without proper risk disclosure.
To the good people out there: please focus on strengthening Dogecoin Core, on bringing in more engineers to help with the reviews and to work on the proposals.
There is much work to do! Core has to be kept safe (and this is so crucial nowadays) and well maintained for all the rest you are building on top of the network to be respected and to work well. And yes, you can and should also support different open source node and wallet implementations, alongside more experimental things to test where Dogecoin can go next.
(While some may not agree this is the only way, I personally like experimental things created in the open throughout their development, and not pushed to the community when you are done with them.)
Please focus on supporting the ecosystem, which is also made up of small independent contributors, who happen to be those who do not need to create casinos or shift risk onto users to make money.
You do not have to be a developer to help. You can write guides. Write posts to warn users against scams and risks. Make art about Dogecoin. If you do any of these things, you will have brought more positive things to Dogecoin than any of these "directors" or organizations have.
I'm not sure who in their right mind would want to take the helm of that.
We are not talking about some community-governed foundation whose board simply needs replacing. We are talking about a network of legal entities scattered across different countries, with employees, contractors and commercial relationships, claiming to represent a decentralized cryptocurrency without ever having received a mandate from its community to do so.
And what a legacy to inherit, holy cannoli.
- The trademarks, man. With what in Italy we used to call a "supercazzola" masked as legal acumen and higher purpose, they claimed they needed to protect the Dogecoin trademarks from abuse and trademark trolls. Instead, they entered into (from what we can read on paper, on the SEC filings) lucrative commercial licensing agreements, and the resulting trademark licensing rights even ended up listed among the collateral for a $5.5 million loan taken out by House of Doge. This is in the SEC filings. The very thing they supposedly wanted to protect on behalf of the community became a commercial bargaining chip.
- The promotion of disastrous commercial ventures. They used their channels to enthusiastically promote ventures such as CleanCore's Dogecoin treasury, presenting them as extraordinarily positive developments for Dogecoin. The treasury arrangement subsequently collapsed, agreements were terminated, financial statements were restated, and CleanCore sold basically all its Doge holdings. Yet I have seen NOT A SINGLE EFFORT from the Foundation to explain to the very same audience what went wrong. And some of the people involved in the Foundation also held positions in the companies involved in these arrangements, with financial interests documented in SEC filings.
- The Italian football club. Through House of Doge, they associated the Dogecoin name with the acquisition of a substantial stake in @TriestinaCalcio, a historic but unfortunate Italian football club that subsequently faced technical insolvency, restructuring of debt, and the risk of judicial liquidation. Thanks also to the way this was presented in the press, people now believe "Dogecoin owns a football club" and associate Dogecoin itself with the club's financial troubles. This was all over the news in Italy's main news channels. The damage done was huge.
- The community accounts. Accounts that built enormous followings through their association with Dogecoin and its open-source developers have been used for commercial promotion. The former dogecoin_devs account has now even been rebranded as Dogecoin Labs, a commercial venture. We still have no clear public explanation of who authorized this, whether control was transferred, and on what terms. These accounts were built on the credibility and work of people who were contributing to an open-source project, not building an audience for private companies.
And that's hardly an exhaustive list. Just to mention one, even the financial accounts of the Foundation's UK entities are overdue.
Now: I am not a lawyer. And I won't pretend to know whether any of these arrangements might have legal consequences in the various jurisdictions involved. That's for the lawyers and courts and judges to determine.
But morally? I have zero hesitation in calling what has happened a grotesque betrayal of community trust, and of the trust of people who worked alongside some of these individuals for years.
I genuinely struggle to imagine why any serious, independent person would want to inherit this mess and all the baggage that comes with it. The attraction for someone interested in controlling the remaining assets and commercial relationships is rather easier to understand.
And that brings me to the fundamental problem with the idea of electing a new board.
Why should the Dogecoin community have to rescue or rehabilitate an organization that was never elected to represent it in the first place?
Dogecoin doesn't need to be rescued by a new board of "directors". Almost everybody around crypto is corrupted or tends to become corrupted. Dogecoin needs its independence respected.
The Foundation's failure is not Dogecoin's, thankfully.
OneGoodShibe - Official King of Dogecoin 🫣🤣 retweeted
I'm not sure who in their right mind would want to take the helm of that.
We are not talking about some community-governed foundation whose board simply needs replacing. We are talking about a network of legal entities scattered across different countries, with employees, contractors and commercial relationships, claiming to represent a decentralized cryptocurrency without ever having received a mandate from its community to do so.
And what a legacy to inherit, holy cannoli.
- The trademarks, man. With what in Italy we used to call a "supercazzola" masked as legal acumen and higher purpose, they claimed they needed to protect the Dogecoin trademarks from abuse and trademark trolls. Instead, they entered into (from what we can read on paper, on the SEC filings) lucrative commercial licensing agreements, and the resulting trademark licensing rights even ended up listed among the collateral for a $5.5 million loan taken out by House of Doge. This is in the SEC filings. The very thing they supposedly wanted to protect on behalf of the community became a commercial bargaining chip.
- The promotion of disastrous commercial ventures. They used their channels to enthusiastically promote ventures such as CleanCore's Dogecoin treasury, presenting them as extraordinarily positive developments for Dogecoin. The treasury arrangement subsequently collapsed, agreements were terminated, financial statements were restated, and CleanCore sold basically all its Doge holdings. Yet I have seen NOT A SINGLE EFFORT from the Foundation to explain to the very same audience what went wrong. And some of the people involved in the Foundation also held positions in the companies involved in these arrangements, with financial interests documented in SEC filings.
- The Italian football club. Through House of Doge, they associated the Dogecoin name with the acquisition of a substantial stake in @TriestinaCalcio, a historic but unfortunate Italian football club that subsequently faced technical insolvency, restructuring of debt, and the risk of judicial liquidation. Thanks also to the way this was presented in the press, people now believe "Dogecoin owns a football club" and associate Dogecoin itself with the club's financial troubles. This was all over the news in Italy's main news channels. The damage done was huge.
- The community accounts. Accounts that built enormous followings through their association with Dogecoin and its open-source developers have been used for commercial promotion. The former dogecoin_devs account has now even been rebranded as Dogecoin Labs, a commercial venture. We still have no clear public explanation of who authorized this, whether control was transferred, and on what terms. These accounts were built on the credibility and work of people who were contributing to an open-source project, not building an audience for private companies.
And that's hardly an exhaustive list. Just to mention one, even the financial accounts of the Foundation's UK entities are overdue.
Now: I am not a lawyer. And I won't pretend to know whether any of these arrangements might have legal consequences in the various jurisdictions involved. That's for the lawyers and courts and judges to determine.
But morally? I have zero hesitation in calling what has happened a grotesque betrayal of community trust, and of the trust of people who worked alongside some of these individuals for years.
I genuinely struggle to imagine why any serious, independent person would want to inherit this mess and all the baggage that comes with it. The attraction for someone interested in controlling the remaining assets and commercial relationships is rather easier to understand.
And that brings me to the fundamental problem with the idea of electing a new board.
Why should the Dogecoin community have to rescue or rehabilitate an organization that was never elected to represent it in the first place?
Dogecoin doesn't need to be rescued by a new board of "directors". Almost everybody around crypto is corrupted or tends to become corrupted. Dogecoin needs its independence respected.
The Foundation's failure is not Dogecoin's, thankfully.
Not even a snarky comment.
Just go.
$HODO delisting incoming.
Failure to meet the continued listing requirement for minimum bid price shall be determined to exist if a Company’s security has a closing bid price of $0.10 or less for ten consecutive business days.
listingcenter.nasdaq.com/rul…
OneGoodShibe - Official King of Dogecoin 🫣🤣 retweeted
Nice try, fake "dOGeCoIn LaBs" aka @mydoge
Dogecoin’s Biggest Builders Get a Wake Up Call
Dogecoin (@dogecoin) $DOGE community member Mishaboar is urging businesses to invest in the network’s open-source development.
He emphasized the importance of maintaining Dogecoin Core, code review, and good research of technical proposals. Mishaboar also stressed the need for supporting independent developers, alternative node software, and good research.
The message follows Dogecoin Labs’ (@DogecoinLabs) launch, which brings several ecosystem products and development teams together.
OneGoodShibe - Official King of Dogecoin 🫣🤣 retweeted
An update/commentary on the Keystone incident.
The absurd part is that the attacker managed to steal both customers' personal data AND the key used to authenticate Keystone devices. How on earth was such a critical key accessible through a compromise originating in a third-party tool used by their website?
And as it turns out, their promised 180-day deletion of customer data had not been working reliably, leaving older customer records exposed.
There is a more general takeaway, particularly for all those of you who are not tech savvy: once your data is out there, it can be extremely difficult to ever fully scrub it from the internet. Even if a company promises to do so.
This can happen because of negligence, bad implementations, or deletion procedures that are not monitored as they should. There are many existing solutions to handle this, and you would imagine multimillion-dollar companies could find a reliable way to use that. But, alas, you would be surprised.
The amount of money it takes to move Dogecoin out of sync with regular Bitcoin price moves is extremely high and oy becoming more difficult over time.
People reeeeally don't seem to understand that.
