THELOGICALINDIAN - In a contempo twitterstorm Dogecoin architect cofounder Jackson Palmer declared he wouldnt acknowledgment to the cryptocurrency apple Palmer unleashed acrid criticisms of the cryptocurrency industry calling it aggressive capitalistic and managed by able cartels of affluent abstracts Palmer created Dogecoin forth with Billy Markus aback in 2024 as a antic authoritative fun of the crypto community
Dogecoin Co-Founder Slams Crypto Industry
Dogecoin co-founder Jackson Palmer is absolutely agitated about the alley the cryptocurrency industry has taken. In a contempo tweetstorm, the Australian programmer took shots at the cryptocurrency world, criticizing it harshly. Palmer says he won’t return or admix in cryptocurrency circles because of what the industry represents now. Similarly, the ancestor of Dogecoin criticized several key ancestry of what some cryptos affirmation to be. He stated cryptocurrency was a:
Palmer additionally criticized the business arrangement abaft the crypto industry, which he says preys on financially disturbing individuals, accepting them to advance their accumulation acquisitive to accomplish a quick buck. On this subject, Palmer declared the industry leverages a:
To conclude, Palmer slammed the abstraction that crypto is decentralized, stressing:
Dogecoin Was a Joke
Jackson Palmer was never too addicted of cryptocurrencies. For him, Dogecoin was a joke, a apish bread stemming from a meme aback in 2013. In any case, he consistently criticized the abject and careless acclaim he saw bitcoin proponents accord to the currency. For this reason, Palmer has said bitcoin should accept a amount angry to the amount it provides society. In short, he considers this amount to be lacking.
However, Palmer shares article in accepted with the aboriginal proponents of cryptocurrencies: his antipathy for the acceptable banking system. Basically, Palmer thinks these institutional investors could annul the absolute allowances of cryptocurrencies and about-face them into bald authorization coins. Palmer hinted at this possibility, claiming banks had the ability to do a adverse takeover over Bitcoin aback in 2018. And according to some analysts, this has already happened.
What do you anticipate of Jackson Palmer’s thoughts about the cryptocurrency industry? Tell us in the comments area below.
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