Kusama Speaks Up About Global Economic Downturn And The Plan To Overcome It

Shytoshi Kusama, the pseudonymous lead developer of the dog-themed altcoin Shiba Inu, has finally broken his silence on Twitter and revealed his plan to overcome the impact of the current global economic downturn.

Kusama, in a new blog post Wednesday, acknowledged the unexpected worldwide economic downturn, but instead of pointing fingers, he advised that "the most important during this time is what you do to protect your mental and spiritual sanity, digital and physical assets, and family/community for the unusual times ahead."

And for those wondering what the lead developer plans to do to combat the current issues plaguing the world, it has a simple solution: "Finish Ryoshi’s plan strongly." 

SHIB is the main currency in the ecosystem Photo: Shiba Token - Twitter

In the Woof Paper or the term for Shiba Inu's white paper, Ryoshi, the creator of SHIB, was clear about his vision of the Shiba Inu ecosystem. 

It underlined that "projects built on the foundation of community involvement are the untamed wilderness of our future," noting that these projects offer freedom to "discover new ways to solve problems and relate to one another." Ryoshi also said that "community-run projects" are not merely a "change of pace" but rather "a way to practice the radical acceptance of others." 

For Kusama, Ryoshi's plan "is a strong one that will outlast most issues as it is rooted in true ethical prospects of giving power to 'the people' and doing so with decentralized technologies and IRL projects." The statement echoes Ryoshi's belief that "true strength doesn't come from one of us alone, it comes from when we work together in harmony."

While the lead developer did not reveal the details on how the team would finish Ryoshi's vision "strongly," it offered updates on the status of earlier announced projects and unveiled new initiatives. These community-driven projects collectively make up Ryoshi's vision–an attempt to further the materialization of Shiba Inu's founder's vision.

Kusama also encouraged to conduct "in-person meet-ups" and described them as "peaceful, purposeful, community driven" engagements, believing that these would foster interaction among Shib Army members. Though Kusama agreed that doing this will not solve all problems, it would "help strengthen communities so that Shib, and decentralized minded individuals, come out the other side of this 'recession' victorious."

As of 11:00 p.m. ET on Wednesday, Shiba Inu was trading up 3.05% at $0.00001052 with a 24-hour volume of $310,603,761 based on the latest data from CoinMarketCap.