Shiba Inu Chief Developer: will no longer follow any Shibarium-related projects

On March 6, Shetoshi Kusama, the chief developer of Shiba Inu, announced on Twitter that he would no longer pay attention to any projects related to Shibarium, because the Layer 2 solution was more and more wrongly used to promote these projects. Kusama said that he believed in “DYOR” (doing his own research). Therefore, he stressed that if he happened to mention a project, he hoped that the SHIB community could study one or two, instead of following him blindly.

Interpretation of this information:

Shetoshi Kusama, the chief developer of Shiba Inu, announced on Twitter on March 6th that he will no longer pay attention to any projects related to Shibarium. This decision was due to his belief that there was an increasing misuse of the Layer 2 solution to promote these projects. He urged the SHIB community to conduct their own research rather than blindly following him when he mentions any particular project.

The announcement by Kusama is a signal towards the evolving Shiba Inu ecosystem. Shibarium was launched in January as a Layer 2 solution that aimed to enhance the scalability and cost-effectiveness of the Shiba Inu blockchain network. However, Kusama’s recent tweet implies a lack of confidence in the projects being built on Shibarium. The misuse of the technology for promotional purposes could either reflect a lack of innovation on the part of the developers or, in the worst-case scenario, an attempt to deceive the community.

Kusama’s “DYOR” (doing your own research) statement is an important reminder for crypto investors in general. Researching before investing is crucial, as investing blindly can lead to losses. Kusama’s comment highlights the importance of carrying out due diligence before investing in a cryptocurrency project. Without proper research, investors may be inclined to follow influencers blindly, leading to potential losses. Crypto investors should always conduct their own research in addition to seeking advice from their trusted sources.

In summary, Shibarium’s misuse has led Shetoshi Kusama, the chief developer of Shiba Inu, to take action by distancing himself from any projects related to Shibarium. The announcement warns the community about the potential misuse of new technologies and highlights the importance of conducting independent research before making investment decisions. The three keywords that encapsulate this message are Shibarium, DYOR, and Due Diligence.