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Doge Creator Palmer Blasts all Cryptocurrencies and Calls Them a “Sham”

July 15, 2021
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Doge Creator Palmer Blasts all Cryptocurrencies and Calls Them a “Sham”

Dogecoin creator Jackson Palmer is now one of the worst cryptocurrency critics after calling them a “sham” to enrich the wealthy, in his Twitter.

Palmer says crypto tokens are created based on the right-wing and hyper-capitalistic values. He says it is meant to amplify the wealth of the proponents through tax avoidance and skipping the regulatory eye.

In 2018, Palmer doubted the $2 billion valuation of Dogecoin, which he helped create. The token is now at a $26 billion valuation even after the recent plunge.

Palmer has bashed his critics who say he is resentful for building a valuable joke token he never cashed in. To him, cryptocurrencies came to make profiteering from the naïve and financially illiterate more efficient.

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