Stepping Away From Dogecoin

Apologies it’s been very quiet recently, there’s been a lot going on. I am going to be stepping away from Dogecoin, for a number of reasons. Primarily the stress involved is overwhelming and I need to step back to focus on myself for a period. There is a further complication that my employer for my day job is moving into the blockchain space, leading to a risk of conflict of interest if I remain as a Director.

I’m handing over everything I can to the Dogecoin Foundation. I will be remaining as an advisor to the Foundation, to enable transition. As there’s paperwork and process to replace a director, it’s likely it will take 4-8 weeks before I’m off the official company house registration, to pre-empt the inevitable questions there.

During the course of 2021 we realised that a number of parties were registering trademarks for Dogecoin, presumably to claim “they” were Dogecoin. External parties we had never heard of managed to get articles published which referred to them as Dogecoin developers. In the summer of 2021, there was a potential lawsuit against the developers from someone who claimed we were responsible for their funds. Since then Michi, Jens, Tim and Gary have all built and led the Foundation to defend against all of these threats, as well as to provide a nexus for engaging with those who want to provide services for Dogecoin or utilise Dogecoin. I have confidence in their ability to steer Dogecoin into the next phase, in a way that I do not have the mindset for.

The Foundation is operating in an extremely challenging environment, where every step of the way simple processes are significantly more complex than they should be, but it is moving forward. Please show them your support. The alternative is returning to a situation where source contributors are exposed to legal risk with no entity to shield them, and I do not see that ending well.

I am aware there will inevitably be questions about pay received from the Foundation. The initial payments from the tip jar in 2014 and 2016 amounted to around $1,300 together, at the time, and sadly I had spent my way through virtually all of them (covering infrastructure) when the price took off in 2021. Since the 1.14.0-3 tip jar payout in July 2021, I have received no funds from the Dogecoin tip jar (directly or to the best of my knowledge indirectly). I’ve averaged about $350/month before costs from streaming and tips to my personal tip jar, but I have not been drawing a salary from the Foundation, depending instead on my day job to pay the bills. To HMRC, if you’re reading this, yes my tax return is going to be a lot more interesting this year.

We’ve had some great times together, Dogecoin, and I’ll still be around, just a lot quieter. Lastly, remember; Do Only Good Everyday.