When Dogecoin first appeared, it did so thanks to a meme. It was 2013 and then there was more skepticism around cryptocurrencies than in the middle of 2022: a scenario that made engineer Billy Markus and software developer Jackson Palmer come up with the idea of coining the token as a parody of the Japanese dog meme Doge. Dogecoin was born: the cryptocurrency that has managed to increase its value more than once thanks to Twitter… and Elon Musk.
It is enough for the tycoon to express a comment of 280 characters (and sometimes much less) supporting the decentralized world or Dogecoin directly for the cryptocurrency to appreciate. In fact, when Twitter accepted Musk’s $44 billion buyout offer to take over the social network, the value of Dogecoin increased by 26% and managed to increase by as much as 30%.
However, not every time the owner of Tesla and also a fan of bitcoin does well, Dogecoin does well. And this time it is Jackson Palmer, co-creator of the cryptocurrency, who is dispatched against the most important “influencer” of his own invention.
In an interview with the Australian media, Crikey, Jackson Palmer, who since 2015 stopped working at Doigecoin, referred to Elon Musk as “a fraudster”, who, despite his wealth, continues to benefit from an asset he acquires. a false value. For Palmer, the system on which cryptocurrencies are based is not only fraudulent, but also boosts the number of people “willing to do nothing” and who also earn money “without doing anything.”
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Palmer’s opinion of the businessman is based on an anecdote in which he himself had approached Musk to show him a bot that he would have created that intended to account for scams in the crypto world in real time on Twitter, without, at the Apparently, the employer understood. “I didn’t even know how to read Python code,” he claimed.
“He’s a scammer, and the world loves scammers,” was his conclusion, not without first referring to the tycoon’s tense relationship with Twitter and arguing that Musk’s only goal with the platform is to “end it” or for it to “lose value.” ».
This is not the first time that Palmer has criticized the euphoria generated by cryptocurrencies. Last year, the programmer claimed that cryptocurrencies were built on “an inherent hyper-capitalist technology of the right”, which has been built to make the rich who defend them richer.”