Are Elon Musk and Vitalik Buterin The Founders of Shiba Inu?

William Stevens
Coinmonks
4 min readMar 21, 2022

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Picture taken from Ryoshi Research article 1

For a few months now I have been debating with myself whether to release this theory about who Ryoshi (The founder of Shiba Inu) is because I believe the evidence provided here will be enough to turn heads. I have decided to release my theory because I believe the benefits will outweigh the costs and that the founders no longer want to remain anonymous but need someone to piece the puzzle together. Fasten your seatbelts ShibArmy because I have some very interesting ideas for you all to ponder.

First let’s start off with what we already know about Ryoshi from their official medium posts. We know that Ryoshi and a business man met at the Ethereum developer conference in 2019.

Taken from Ryoshi Research article 1

So we can now conclude that the founder of Shiba Inu is actually not just one person, but at least two people (the developer and the businessman). We can verify this too because in the first Ryoshi article, Ryoshi says that they bought some Shib and hold the token but in the fourth (and latest) post, Ryoshi claims to not own any Shib and to have never owned any. This would not make sense if there was only one founder but makes perfect sense if there are multiple.

Taken from Ryoshi Research article 1
Taken from Ryoshi Research article 4

This is where the fun begins. Let’s think about an influential businessman and an ethereum developer who could be involved together on a project. Going back to a conversation in 2019 on twitter one can find a deleted tweet by Vitalik Buterin talking to Elon Musk where he invited Elon to devcon.

Deleted tweet by Vitalik Buterin

Hmmm, not convinced yet? Let’s keep going. The first Ryoshi article was written from the developer’s (Vitalik Buterin’s) point of view but we know that the latest article by Ryoshi was not written by Vitalik because in that article it was stated that Ryoshi did not own any Shiba Inu. Consequently, the only thing Elon Musk has said publicly about Shiba Inu is that he does not own any. Contrary to popular belief this is a good thing because it means that he is most likely one of the founders of Shiba Inu.

Now lets look into the most recent Ryoshi Research article in which Ryoshi claimed to own zero Shib. Near the beginning of the article we find the top highlight.

Top Highlight from Ryoshi Research article 4

This sounds awfully like Elon Musk don’t you think? Back in 2006 Elon Musk wrote his master plan roadmap for Tesla which has now basically come to fruititon. However not without extreme criticism as many people bet against him throughout much of the company’s history.

At the end of the article however is the most intriguing piece. When discussing the grand vision for Shiba Inu, Ryoshi talks about a fish market in Durbs accepting SHI for dorado.

Conclusion paragraph to Ryoshi Research article 4

So what is Durbs? Durbs is the nickname for the third largest city in South Africa named Durban. Dorado are plentiful off the coasts of South Africa because they can be found in the Atlantic and Indian ocean on either side of the African continent. Which influential south african businessman comes to mind? I’ll give you a hint… it’s not rocket science.

Therefore, I have great conviction that the founder of Shiba Inu, Ryoshi, is not just one person, but at least two people of which Elon Musk and Vitalik Buterin are involved. But wait, isn’t Elon Musk the Dogecoin guy? Here are my final thoughts. Elon Musk and Vitalik Buterin are both involved in the “Dogecoin Foundation” as advisors but there is very little developer activity happening with Dogecoin. The tokenomics of Dogecoin also just do not allow it to become the grand vision that Vitalik Buterin and Elon Musk have for a cryptocurrency. So, I believe that Dogecoin is the marketing ploy for Shiba Inu and that Elon Musk with his large following and influence is using the joke of Dogecoin to promote Shiba Inu. It’s a genius master plan.

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William Stevens
Coinmonks

College economics student with over five years experience in the stock market and increasingly interested in digital assets.