Erik Weijers, 10 months ago

Shiba Inu founder Ryoshi disappears

Ryoshi, the founder of Shiba Inu (SHIB) has deleted all his Tweets and announced his departure from the crypto world in a post on Medium. His words: "I am not important." SHIB's price remained fairly unchanged.

Shiba's pseudonymous founder has deleted all Shiba Inu-related blog posts, including the original version of "All Hail the Shiba."

His last post on Medium was, “I am not important, and one day I will be gone without notice. Take the SHIBA and journey upwards frens.”

Incidentally, Ryoshi had announced his departure on an earlier occasion. “I have said from the beginning, I am a nobody, I am not important. The efforts to unmask my ‘identity’ even if successful would be underwhelming. I am just some guy of no consequence tapping at a keyboard and I am replaceable. I am Ryoshi."

A meme and a touch of drama

With his disappearance Ryoshi seems to want to follow the example of Satoshi Nakamoto, the creator of Bitcoin. He too disappeared from the spotlight after being actively involved in Bitcoin development for a year or two. While Satoshi was very level headed, Ryoshi seems to like a little drama and poetry.

Of course, Shiba Inu is a very different crypto than Bitcoin. It is a meme coin. That was immediately clear with Shiba's white paper, which was called Woof Paper. In it, Ryoshi revealed, "We are an experiment in spontaneous and decentralized community building."

The origin

Launched in August 2020, Shiba was obviously inspired by Dogecoin. After all, the same Shiba Inu dog adorned the meme coin's logo. Since then, over a hundred copy cats have been launched, never matching Shiba's success.

At the height of the bull market, SHIB's total market value was over 40 billion. Shiba Inu was then worth more than Dogecoin, but now the tables have turned again. Shiba is now the 16th most valuable coin and Doge is in the number 11 spot. Like just about every crypto currency, SHIB has lost considerable value since the peak of the bull market in November 2021.

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