Dogecoin (DOGE) co-founder Jackson Palmer, in an interview with Crikey, ruled out the onset of a crypto winter, noting the distribution of “mountains of money” by digital asset promoters.
Jackson told me he’s worried about the normalization of grifts (the topic of his new podcast) @griftonomics) as people are no longer ashamed of, particularly in crypto
“I think people think that if they make money, it’s OK. Hustle, hustle, make money.https://t.co/bEF2at8UFB
cameron wilson (@cameronwilson) May 30, 2022
“They are waiting for a new batch of fools to come. It happens cyclically.”said the expert.
The co-founder of Dogecoin explained that collective memory tends to fade. According to him, people no longer remember about ICO and NFT scams and are ready to invest in DAO and IGO.
Palmer expressed regret that the crypto market is not going to burst anytime soon.
“More and more people do nothing but earn money without putting in the effort. It kind of ruined our lives. A mental problem arose – things that seemed “strange” five or ten years ago have now become commonplace. Now, even if it’s obviously a scam, people think, ‘Do I really care?'” he explained.
The creator of Dogecoin sees a rise in “cynicism” about cryptocurrencies. From 2013 to 2020, he lost almost the entire environment of crypto-skeptics, although now they have begun to “wake up” after losing money, Palmer noted.
The co-founder of Dogecoin again criticized Elon Musk.
“He’s a scammer. He sells his vision of the future in the hope that one day he will be able to realize what he promises. But Musk doesn’t know that.”, — said the specialist.
Palmer launched a podcast Griftonomicsin which he decided to develop criticism of the community.
Recall that in 2021 the co-founder of Dogecoin named Cryptocurrency is a “far-right, hyper-capitalist technology” designed to increase the wealth of already wealthy people.
In 2013, Palmer and his Adobe Systems colleague Billy Markus created the meme-cryptocurrency Dogecoin. Developers didn’t expectthat their project will be taken seriously. Two years later they left the project and sold their DOGE.
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