Dogecoin Co-Founder Billy Markus Believes Terra 2.0 Will Attract 'Dumb' Gamblers

Dogecoin co-founder Billy Markus claims that the upcoming launch of Terra 2.0 — the new iteration of the failed blockchain project, will show the world how "dumb" cryptocurrency gamblers really are

The reboot, tabled by Terra CEO Do Kwon over a week back amongst staunch criticism, has been greenlit by the community after the proposal won a vote with a 65 percent majority

Per Kwon's proposal, the current LUNA token will be renamed LUNA Classic, while a new LUNA-only blockchain will be launched at block 0 on May 27.

While Marcus did not discuss in detail what he meant by the statement, based on recent developments surrounding the Terra project

it is easy to conclude that the Dogecoin founder believes things may still get worse even after Terra launches its new chain.

Just over a week back, Markus put out a controversial tweet following the TerraUSD crash labelling 95 percent of cryptocurrency projects as "scams and garbage."

Adding to his original tweet, Markus said that the people who are going to be "triggered" and "lash out" at his tweet are "scammers."

While the Dogecoin creator's tweets came along at a time when the crypto market appears to be booming with scam projects, it also seems like a blatant jibe at the Terra community.