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Jackson Palmer Journey: From Dogecoin Founder to Crypto Critic
- Jackson Palmer, co-creator of Dogecoin, expresses disillusionment with the opportunism he perceives in the cryptocurrency industry.
- Palmer created Dogecoin in 2013 as a parody of the growing crypto market alongside Billy Markus.
- Despite never intending for Dogecoin to transform the financial industry, its cheerful design drew an unusual, fervent following.
- Jackson Palmer turned away from Dogecoin and cryptocurrencies completely in 2015 due to worrying developments in the industry, such as a culture of profiteering and fraud.
- Palmer has been highly critical of the cryptocurrency industry, claiming that many projects prey on the financially desperate and naive and that greed dominates the sector.
- Palmer’s criticism extends to Elon Musk, who he labeled a “grifter” and believes exploited his public persona to control the market.
- Jackson Palmer is a detractor of cryptocurrencies, criticizing the way they target the financially weaker and aggravate rather than mitigate inequality.
- Now, through his podcast, Griftonomics, Palmer explores the junction of technology and money and the exploitation he thinks is widespread in both spaces.
- Palmer is still cautious about the wider ramifications of the crypto market and its capacity to target people least able to afford to lose.
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