Jared Tate, the founder of DigiByte and the DGB cryptocurrency, recently announced that he will be stepping down from his position for several reasons and considerations that we will address below.

announce Jared announced his departure from the front end of the DigiByte crypto project on his Twitter page on May 15, after eight years in the field, and he had a lot to say about his experiences and here are some of them:

Along the way I learned some very humble lessons.

Lesson #1 is greed and it is the primary driving force in the actions of many crypto pioneers and people in life.

Read:The difficulty of Bitcoin mining reaches an all-time high while the price is still below $40 thousand

Reasons for the departure of the founder of DigiByte:

Jared said he was not speaking for everyone involved in DigiByte when he announced that the original values ​​of the crypto industry had disappeared.

Jared noted that 90% of people who are interested in the project are cashing in and selling what they have when one of their cryptocurrencies is towards the “moon.”

Jared added:

It’s a fundamental force, I get it.

But every day I see this technology being used to enrich the few at the expense of the long-term good of the many.

Making a quick profit is not why the blockchain is so important.

The “DigiByte” coin is currently ranked 34th in terms of market capitalization after the recent rise of 300% at the beginning of this month, which we touched on on the Arab Bitcoin website:

A digital currency rises by 930% in less than two months…. The story is here

The project was launched in 2014 without an ICO and was developed voluntarily without any supervisory authority.

Read:US Consumption Inflation Rises to 40-Year High…Can Bitcoin Be a Hedge Again?

Jared continued his tweets by saying:

I can’t count how many people I’ve had over the last half decade have stabbed me in the back and tried to use me and DigiByte for a quick buck.

Even close friends and intellectuals…

He added:

Foundations are making millions from DGB, but without spending the money and refusing to contribute to the ecosystem.

Yes, nothing requires them to do so and they are not obligated.

But the rampant pillaging of the fruits and labor of the few by the many is a backwards equation.

DigiByte Founder Leaving DigiByte Project:

Jared said he will not leave DigiByte forever, but will now focus on building commercial applications using the DigiByte blockchain.

Read:Bitcoin Price Facing Biggest Gap In Futures (CME)… What Does That Mean?

Jared concluded his speech by saying:

The decentralized enterprise should stand on its own merit, not on the opinion of its founder.

It is worth noting that the DGB coin ranks 34th in terms of total market capitalization on coinmarketcap and has recently risen significantly without even being listed on Binance.

According to Binance, Jared previously had an argument with CZ, the founder of Binance, after Jared stated that Binance asked him for $300,000 and 3% of the total DGB coin in exchange for listing on Binance.

So is CZ one of those Jared described as greedy?

Read also:

Learn about the DigiByte project and the DGB cryptocurrency

Reddit reveals more details about its cryptocurrency