BEARISH 📉 : Dogecoin Founder Rejects Vitalik Buterin’s Creator Token Proposal

Vitalik Buterin, co-founder of Ethereum, has proposed a new model for "creator tokens" that integrates decentralized autonomous organizations (DAOs) with prediction markets.

The model aims to reward high-quality content and engage audiences by giving backers a stake in successful outcomes.
Buterin notes existing platforms prioritize volume over quality, exacerbated by AI-generated content.
Creators would issue their own tokens and apply to curated DAOs, where members vote on content acceptance.
Speculators could bet on submissions gaining approval through prediction markets.
If accepted, creator's token value may rise; DAOs would burn some tokens to increase scarcity and potential value.

Billy Markus, founder of Dogecoin, criticized the proposal, labeling creator coins as "dead tokens" and doubting their long-term viability.

Markus suggested that most creator coins follow a similar decline as many other tokens released annually, ultimately losing relevance.