The founder of the pseudonym Shiba Inu (SHIB) ‘Ryoshi’ has walked away from the community after deleting all of his tweets and blog posts this week.
Like Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project was launched in August 2020. Additionally, he has also taken a pragmatic approach to Memecoin like Dogecoin (DOGE) founders Billy Marcus and Jackson Palmer.
Lead developers such as ‘Shyotoshi Kusama’ have stated that the project will and will continue to “realize Ryoshi’s vision and plan for this grand experiment” to build a decentralized Memecoin ecosystem.
Ryoshi has hinted on several occasions that he would eventually leave, as he often lost his importance and role in the Shiba Inu. In a since-deleted Medium post, the founder reportedly said:
“I’ve said from the start, I’m nobody, I’m not important. Attempting to expose my “identity” even if successful will be overwhelming. I’m just some guy with no results tapping on a keyboard And I am changeable. I am Ryoshi.”
As it stands, Ryoshi’s Twitter account is still up, but all activity has been cleaned up, while two blog posts bid farewell to Shibarami are still on Medium. However, some members have suggested that these posts may be from a scammer who has created a new account under the name of Ryoshi.
The idea seems plausible, as previous reports linked to Ryoshi’s blog now contain the message “User has deactivated or deleted their account,” despite another account using the same name and profile picture.
“I am not critical, and one day I will be gone without notice. Take SHIBA and travel uphill,” the first post read, while the second added ,Every shibarami is a ryoshi. It does not represent anyone, but the glory of Shibarmi! End.”
definitely not original @RyoshiResearch Although tbhhttps://t.co/J2PCsuWqpx
— Oliver Barsby (@OliverBarsby) 30 May 2022
Despite the potential tome-stupidity on Medium, Shiotoshi Kusama published a blog post on May 31, saying goodbye to Ryoshi and reiterating his commitment to the founder’s vision for the project going forward:
“Ryoshi remaining anonymous and having no input on Shibe’s direction makes our myths even more mysterious and influential. We built nothing, never paid exchanges for listings, and have revolutionized the rapidly growing “MEM” token.
“Shib, leash, bone, treat, shibaswap, shi, shibarium. Also note the concept of local Shib areas (meetups) like we see in Shibazon and eventually Shibakon. To me, these latter two aspects are part of our evolution.” and all of our other projects support or use one or more of the above,” the post added.
related: Shiba Inu has a new use case – buying land in SHIB: Metaverse
Notably, the news did not negatively affect the price of SHIB, with Memecoin rising by 3.1% over the past 24 hours to sit at around $0.000001209.
Although the asset is down 86% since its all-time high of $0.00008616 at the end of October 2021, somehow SHIB is still up 54% overall compared to 12 months ago, which hasn’t been repeated across many major assets.
