Monday, May 27, 2024

Dogecoin Creator Slams His Own Creation

Dogecoin co-creator Jackson Palmer has slammed the cryptocurrency market, dashing hopes he might one day return to it.

Palmer co-created Dogecoin as a meme, although the currency has since gone on to become a major force in the crypto market. In fact, at one point Dogecoin was the fourth most valuable cryptocurrency.

Despite its success, and despite crypto’s reputation as a decentralized currency, Palmer has no intention of returning to the market and is now slamming it.

Palmer says the crypto market, rather than being decentralized, is actually controlled by a wealthy few.

Palmer’s commentary is likely to anger some and validate others, but is nonetheless a fascinating take on the crypto industry.

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