dogecoin co-creator Jackson Palmer said in a new Interview with Australian publication cricket He wishes that “this was the end of crypto, but it isn’t,” and that “more and more people are doing nothing but doing nothing, it’s messing us all up.”
Palmer promoting his new podcast griftonomicsA name that also reflects his current criticisms of crypto.
“I honestly thought [crypto] A little more will explode faster and people will learn their lesson,” Palmer said. “But increasingly, over the past six months, I’ve seen continued persistence. You see these big guys getting involved with big money and that means it’s not slowing down.”
He also dismissed the idea that a “cryptocurrency winter” might be just around the corner: “I still see piles of money being funneled by crypto promoters. They’re waiting for a new group of idiots to arrive.” It happens in cycles.”
Palmer condemned ICO, DAOAnd NFT In the form of scams and called Initial Game Offerings (IGOs) the latest thugs of the industry. Initial game offerings are similar to ICOs: investors pre-purchase blockchain games’ NFTs or in-game currencies.
Despite the flood of money, Dogecoin creator still believes that cynicism towards the crypto is growing.
He described how he surrounded himself with “crypto skeptics” between 2013 and 2020, but “one by one, he progressively drank crypto Kool-Aid.”
However, he now sees the enthusiasm waning: “There has been an awakening of people losing money.”
“I think an accident needs to happen. I think we’re overdue for some sort of pop, and I don’t think it’s going to be a huge boom. It’s going to be a lot more painful, and unfortunately, it will likely affect minorities and those [at the ] The lower end of the socioeconomic spectrum when this happens. ,
Palmer also had some words for dogecoin shilling Tesla CEO Elon Musk.
“He’s a grifter, he sells a vision in the hope that he might one day do what he’s promised, but he doesn’t know it. He’s really good at pretending, he knows,” he Told. “My opinion on him and all the billionaires is that I don’t care much for him.”
Jackson Palmer and Dogecoin: A Primer
Dogecoin was created in 2013 by software programmers Jackson Palmer and Billy Marcus, who intended the project to be a tongue-in-cheek satire of the then-emerging craze, which has little value except for the symbolism of innovation.
However, since Bitcoin began its latest bull run in late 2020, the cryptocurrency has garnered a crazy fan base. They are colloquially known as the “Doge Army”.
The coin’s embodiment is the iconic chubby Shiba Inu dog, whose face rose to prominence as a meme, along with adorable phrases in broken English, such as “very wow” and “very impressed.”
Dogecoin became a small but often profitable pop culture phenomenon via Twitter as well.
Celebrities like rapper Snoop DoggRocker Gene Simmons, and multi-billionaire Elon Musk have a few things to say about the cryptocurrency on the platform, which often pumps up the price.
Jackson Palmer launched last year sharp twitter sharp Against his former project, which he left in 2015. His incendiary criticism began in earnest second tweet In thread:
“After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalist technology that has been developed primarily through a combination of tax avoidance, less regulatory oversight, and artificially enforced scarcity. It has been created to increase the wealth of its supporters.”
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