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Zain Raza
May 17, 2020
by Zain Raza

DigiByte Founder Jared Tete is Stepping Down From His Position

DigiByte
Jared Tete, the founder of Digibyte has decided to walk away from the daily running of the company's activities stating that greed and selfishness are all cryptocurrency world offers now. He declared his decision via Twitter on May 15 and talked about his eight years of experience in the crypto space. He made a series of tweets and he stayed that just like in life, greed is the fuel crypto runs on.

The founder of Digibyte clarified that he is not painting everyone with the same brush but he's certain 90% of the people have lost their core values and all that interests them is making quick bucks when one of the coins they own reaches its peak. Jared Tate added that he's aware its the driving force but constantly seeing people benefit themselves over the greater good of the community-made him feel sick.

1/3 I started this #blockchain journey 8 years ago with a belief & hope of a brighter future for all of us in a dark time. Along the way I have learned some very humbling lessons. #1 of which is greed is the fundamental driving force in crypto & people’s actions in life.

DigiByte Founder Believes Crypto Values Have Been Lost

Tete added that he has been used even by his close circle by people to make a quick profit and he doesn't want to participate on the day to day basis.  He also added that even organization have reaped the short term first and when the time came to help Digibyte or contribute to the crypto ecosystem, they did not play their part.

The DigiByte founder also declared that he is not going away completely and he would still use the company's blockchain system to build apps. He also added that the network will survive and still progress cause of its merit and not because of his opinion.

Digibyte was launched in 2014 without an ICO and also a lack of any authority overseeing its operation, not even the founder and currently occupies the 34th spot after surging by 300% in April.

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    DigiByte Founder Jared Tete is Stepping Down From His Position
    Zain Raza
    Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

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