For the creator of Dogecoin, cryptos are
Jackson Palmer, co-creator of Dogecoin, condemns the evolution of cryptocurrencies and throws a dig at Elon Musk
“Cryptocurrencies are a scam designed to make the rich even richer.” To say this is not a disappointed investor after putting all his savings on a cryptocurrency, but the inventor of one of the most popular cryptocurrencies in recent months: the Dogecoin. In a heated exchange on Twitter Jackson Palmer, who in 2013 created the cryptocurrency inspired by the meme of the dog Shiba Inu together with Billy Marcus, has had his say on the world of cryptocurrencies.
AMPLIFYING THE WEALTH OF THE RICH
Already in 2017 Palmer had announced his farewell to Dogecoin and to the world of cryptocurrencies in general, but now the condemnation of one of the most talked about sectors of the moment seems to be final. “After years of study, I believe cryptocurrencies are an inherently right-wing and hypercapitalistic technology built primarily to amplify the wealth of its supporters through a combination of tax avoidance, reduced regulatory oversight and artificially enforced scarcity,” Palmer wrote in one of the tweets. …
** This article was written by FinanciaLounge
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