Vitalik Buterin’s Creator Coin Vision Rejected by Dogecoin Co-Founder

TLDR

• Vitalik Buterin introduced a new model for creator tokens that involves DAOs and prediction markets.
• His proposal focuses on rewarding quality content and reducing the influence of automated or low-effort creations.
• Buterin criticized existing platforms for favoring popularity over genuine creative value.
• Billy Markus from Dogecoin rejected the proposal and said creator tokens have no lasting use or value.
• Markus warned that most creator tokens will be abandoned due to speculation-driven interest and lack of purpose.

Vitalik Buterin proposed a new architecture for creator tokens this week, but Dogecoin co-founder Billy Markus rejected the idea outright, arguing these tokens have no future, and calling the system flawed and destined for failure due to rampant speculation.

Vitalik Buterin Defends Creator Tokens With New DAO-Based Proposal

Vitalik Buterin shared a proposal on Sunday combining prediction markets with voting-based community groups to manage creator tokens. He said current platforms reward quantity over quality and often ignore real audience engagement, especially in AI-generated content.

He explained that creator DAOs would vote on projects, helping creators gain exposure through a merit-based token system. In his words, “we need better DAOs, not just bigger ones,” pointing to a shift toward curated quality.

Buterin criticized platforms like BitClout and Zora for promoting creators with large followings instead of diverse talent. He praised Substack’s editorial model and expressed support for decentralized networking to support emerging creators.

He added that creators would mint their own tokens and submit them for DAO evaluation, shifting value toward accepted and curated work. These community votes would also burn a portion of their holdings, increasing scarcity and possibly token value.

Markus Rejects Concept, Cites Token Oversaturation

Billy Markus strongly opposed the concept, calling creator tokens “lifeless” and without long-term viability. He claimed the model recycles past mistakes, stating these tokens will simply be dumped and forgotten.

He argued that most digital coins fade because they are cheaply and quickly minted with no built-in purpose or lasting demand. Markus said the industry favors fast speculation over real utility, dooming many creator-based projects.

He commented, “More layers don’t fix the issue when people only buy to resell at higher prices.” This view rejects the complex mechanisms Buterin proposed, such as voting incentives and prediction markets.

According to Markus, these additions won’t prevent the same problems that affect most speculative digital assets. He pointed to the repeated failures of past social crypto projects as evidence that such ideas rarely last.

Creator Coins Still Face Trust and Adoption Challenges

Buterin insisted that token quality should matter more than volume, as today’s creator platforms lack meaningful filters. He believes using community governance tools will prevent low-quality or AI-generated content from flooding the system.

Still, Markus emphasized that speculative interest dominates creator coins, reducing their role to simple investment tools with limited creator support. He said, “This isn’t about empowering artists, it’s about flipping tokens.”

He used his blogging alias “Shibetoshi Nakamoto” to describe crypto as divided between builders and gamblers. He claimed idealistic blockchain efforts are often crushed by short-term profit motives.

Buterin aims to push these ideas further this year, especially the concept of decentralized social networking, which he says supports better content diversity. He continues to advocate for carefully curated systems that reward creators based on audience feedback and collective governance.

Markus remains skeptical, warning that without fundamental change, the outcome will remain the same. He maintains that most new tokens, regardless of intent, will fail if the market doesn’t care about lasting value.

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