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Shiba Inu Lead Dev Kusama Breaks Silence With Major Updates
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Shiba Inu Lead Dev Kusama Breaks Silence With Major Updates

Jake Simmons
Jake Simmons
1 year ago
3 mins read
Shiba Inu SHIB

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The pseudonymous lead developer of Shiba Inu (SHIB), Shytoshi Kusama, has broken his silence and has re-engaged with the community via Telegram, offering insights into the project’s developmental trajectory and responding to pressing queries regarding its future.

In a flurry of messages, Kusama unveiled his enthusiasm and strategic engagements aimed at bolstering Shiba Inu’s ecosystem. “Excited to see ALL the incredible projects on Shibarium. Finally, get to come out of quiet mode for all the amazing projects out there,” he said, delineating the ongoing work and collaborations undertaken during his period of silence.

He further revealed dialogues with pivotal figures in the ecosystem, saying, “I’ve been talking to VERY important individuals and some top [people] in [the] community for the next phase. Now I can return and support in any way I can as we keep building.”

Kusama’s remarks suggest a phase of introspection and strategic alignments, as he mentioned, “We have also been busy with platforms to support the community and begin this network state. Sometimes silence is the best weapon.”

Major Progress For Shiba Inu, Leash, Shibarium

One of the most significant updates provided was regarding the LEASH token. Kusama outlined a vision where the community is more involved and informed. “Yes. My plan is to build a framework that expresses to the community what YOUR plans, products, and platforms that use leash are… so we all can DOOR. (DYOR) Good plan huh?” he commented, emphasizing the essence of decentralization. “This is the quiet before the typhoon and I can’t wait to learn about all the fantastic projects building with Leash, Shib, Bone or launching on Shibarium.”

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On the matter of Shibarium’s low usage, Kusama imparted his perspective on broader market trends and token utility. Explaining the relationship between token “burns” and utility, he noted, “Please understand the ‘burn’ increases as the use of Shibarium and Shib (and all tokens in the ecosystem) increase. So I’ve been looking for ways at a zoomed-out level to increase usage with others in our decentralized community.”

Kusama also addressed the community’s queries about specific timelines for key developments, advocating for a broader, philosophical perspective on time, indicating that rigid timelines might not be the most effective approach in a complex and evolving ecosystem. He stated, “Because time is infinite. It cannot be framed. BUT if you’re into watches the waves of the world then you know what time it is.”

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A question regarding Shiba Inu’s integration into mainstream payment systems like McDonald’s and Burger King was met with a pragmatic response, acknowledging the existing challenges in such integrations. “It is available in tens of thousands of retailers but payment systems require deeper thought and integration,” Kusama elucidated, hinting at ongoing strategic deliberations.

A noteworthy exchange occurred when a user mentioned the necessity for the Shibarium key for integration with Hoichi, highlighting the importance of community-driven initiatives.

The Shiba Inu-based project stated that they “have 30 blockchains active already waiting to connect with Shibarium,” but the key is missing. “I think the Shibarium team reached out and there was confusion on what was needed. Please reach out a second time,” Kusama advised.

At press time, SHIB traded at $0.00000722. Remarkably, SHIB managed to close above the neckline of the descending triangle on the weekly chart, which could create a new bullish momentum. The next target could be the descending trend line of the triangle.

Shiba Inu price
SHIB manages a bullish weekly close, 1-week chart | Source: SHIBUSD on TradingView.com
Featured image from Shutterstock, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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