Dogecoin co-founder Jackson Palmer reiterated his criticism of the cryptocurrency industry in a recent interview with the Sydney Morning Herald, claiming that it is a “parasitic” technology that has claws for scams of all kinds. Meanwhile, DOGE’s other founding partner, Billy Markus, came to the fore with his new statements.
Dogecoin founder criticizes crypto supporters
Palmer made statements about DOGE in a new podcast called Griffonomics. According to Palmer, unregulated technology makes it much easier for scammers to commit their scams. The Dogecoin co-founder says cryptocurrencies attract people because of the lure of quick gains and celebrity endorsements. He stated that the industry will always come up with new narratives to attract more buyers. Among these narratives, “to completely replace banks in 2009” highlighted “decentralized finance”, the web3, and NFTs.
Palmer recalled Matt Damon’s widely ridiculed cryptocurrency ad. He also made fun of paying millions for a “JPEG of monkeys” alluding to the Bored Ape Yacht Club NFT collection. After confusing Dogecoin’s main backer with Tesla CEO Elon Musk, Palmer specifically targeted other crypto-friendly billionaires in his latest interview, calling on Andreessen Horowitz co-founder Marc Andreessen and Dallas Mavericks owner Mark Cuban. Palmer says the same people who destroyed the economy during the global financial crisis (GFC) between mid-2007 and early 2009 are now running the cryptocurrency show.
Billy Markus: I’m aware that I’m here because of Elon Musk
Meanwhile, the other founder of Dogecoin, Billy Markus, came to the fore with his new comments. Over the past few days, Billy Markus has been the target of criticism on crypto Twitter mainly for his hostility towards cryptocurrencies. Markus, who uses the name Shibetoshi Nakamoto on Twitter, tweets against the attacks. Responding to a crypto fan who said he should be more humble in the crypto space, given that he has created a “meme coin,” Markus said; He stated that his criticism of cryptos had nothing to do with it, given that he left the project about a few months after he launched DOGE and had nothing to do with DOGE for over 7 years.
said he has nothing to do with being humble since quitting after starting the DOGE project more than 7 years ago. He went on to say that Elon Musk is currently famous in the crypto space because of marketing and making DOGE famous. As we have reported as Kriptokoin.com, it is a fact that Elon Musk has been heavily supporting Dogecoin for a while and even praised it for its energy efficiency. Elon also plans to work with a team of developers to advance the DOGE network. Markus used the following statements:
This has nothing to do with being humble, I am not a Dogecoin leader, I created DOGE 8 years ago and left the project 7.5 years ago. The only reason I’m here is because Elon is drawing so much attention to the coin, I’m fully aware of that. My goal is not to support the doge.
Crypto Space Is Mostly Bullshit
Now with cryptocurrencies According to Billy Markus, who never wanted to be involved, the crypto space is mostly garbage. He recently said that all projects on Binance Smart Chain (now BNB Chain) are garbage. He deeply believes that most crypto projects launched these days are aimed at benefiting only a few people rather than society.
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