Can Doecoin Dogecoin survive after the core developers leave?

Ross Nicole, the DOGE developer of dogecoin, announced his withdrawal from the project last week. Nicole is also a member of the advisory board of the Doecoin Foundation. He said that he has been trying to keep his job and a full-time job in Doecoin. Nicole also mentioned the challenge of dealing with dogecoin trademark, which has been puzzling the team's efforts in recent months.

"The main reason is that the pressure involved is too great, so I need to take a step back and focus on myself for a while," he said in his blog. "There is a more complicated situation. My daily employer is entering the blockchain field. If I continue to be a director, it will lead to the risk of conflict of interest. "

Dogecoin's crisis and crumbling foundation.

Dogecoin is a project that constantly goes against expectations. A normal enterprise will start with a plan and clearly state what it intends to do. Normal enterprises will register trademarks. Normal enterprises will have full-time employees. It will not be run by part-time and semi-volunteers, and there is no headquarters.

But dogecoin is not normal at all. To be fair, many aspects of the encryption industry are unusual, but dogecoin is even special for encryption. It was originally produced as a joke and is not intended to last. It has no use and no business plan. It doesn't need a registered trademark.

Then, its disrespectful attitude and playful nature won the whole investment community. Its market value has doubled, and now it has reached $654.38+07 billion-similar to the market value of large multinational companies. Since this time last year, it has been one of the 20 cryptocurrencies with the highest market value, although its price has dropped by 80% from the all-time high in May.

To some extent, its success is attributed to the unremitting efforts of people like Ross Nicole. This is in line with billionaire Elon Musk's belief that it would be ironic if a joke coin became the future currency and was promoted on social media. But the challenge is that it is extremely difficult to redesign this multi-billion dollar project.

Can dogecoin survive Nicole's departure?

Volunteers and employees

At that time, I promised to hire full-time employees. But half a year later, the project lost another key person. Nicole said in the letter that he paid the bills by his daily work. He said, "Since I paid 1. 14.0-3 tip jar in July, 2002, I haven't received any funds from Dog Eco Tipjar." This leads to another question-if not a volunteer, who will benefit from DOGE's success?

Trademark dispute

Besides, dogecoin's trademark pressure is no joke. Last year, Doecoin was threatened by various other organizations that tried to register their own Doecoin trademark. Some people even registered a company called dogecoin Foundation and created a new Doecoin.

These legal disputes have diverted the Foundation's attention from the work that needs to be completed, and brought extra pressure to the seemingly exhausted team. Nicole said: "The foundation operates in a challenging environment. Every step of this simple process is much more complicated than it should be, but it is moving forward."

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