Heavy Criticism of Cryptocurrencies from the Founder of Dogecoin


Jackson Palmer, one of the founders of Dogecoin, one of the most famous cryptocurrencies in the world, made heavy criticisms about cryptocurrencies and said that crypto money is something much different than what it promises.

Especially Elon Musk’s along with his sharing Dogecoin, It has managed to be among the cryptocurrencies that have been the subject of the most news of the last period. Jackson Palmer, one of the founders of this internet meme-concept crypto money, which has a large volume, has made a very tough exit in crypto.

Palmer, who made very harsh statements on his Twitter account, Dogecoin’i He described it as a hyper-capitalist technology built to increase the wealth of supporters. On the other hand, this is not Palmer’s first statement against cryptocurrencies.

Palmer spoke harshly


Jackson Palmer, in a statement on his Twitter account “After working on it for years, cryptocurrencies are essentially based on a combination of tax avoidance, regulatory oversight and artificially imposed scarcity to increase the wealth of its supporters I believe it is an essentially right-wing, hyper-capitalist technology that has been built used the phrases.

Palmer also stated that cryptocurrencies do not keep people away from financial institutions and do not reduce decentralization, as claimed by its proponents. “a powerful group of wealthy personalities that have evolved over time to include many of the same institutions linked to the existing centralized financial system that they claim to replace. by cartel checked” stated.


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Cryptocurrency is acult/sect” simile PalmerHe also underlined that this trend is similar to the get-rich-quick trend. In addition, while cryptocurrencies facilitate profiteering for those at the top, making the vulnerable less protected He claimed.

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In many countries before new regulations on cryptocurrencies steps had been taken. Palmer also said that cryptocurrencies exacerbate corruption, fraud and tax evasion, while even defrauding users is seen as user error.

While some countries are preparing to accept cryptocurrencies as their own currencies, some countries are taking a stance by explaining that they see them directly as unreal money. We will see what the result will be in the future.

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