Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: Mahindra on July 17, 2021, 12:28:25 PM
-
the co-creator of Dogecoin has left some fiery comments about the ‘real’ condition of the cryptocurrency market on Twitter today and it has given a great peek behind the curtain. The claims of Palmer are direct and target the super-rich class of business giants. He has confirmed that the crypto industry has promoted exactly the kind of financial system it affirms to replace. According to him, cryptocurrency is like taking the worst parts of today’s capitalist system such as corruption, fraud, inequality, and then using software to technically limit the use of interventions like audits, regulation, taxation which serve as protections or safety nets for the average person.
He has exposed how this industry puts up a fake ‘get rich soon’ sign to extract new money from the desperate wanna-be riches. He admitted that financial exploitation undoubtedly existed before cryptocurrency, but to him, cryptocurrency seems like it was purposefully built to make the funnel of profiteering more efficient for those at the top and less safeguarded for the vulnerable. His words were very straightforward when he wrote, “I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight, and artificially enforced scarcity.” Information (https://www.analyticsinsight.net/dogecoin-inventor-tweets-no-to-returning-to-the-world-of-cryptocurrency/)
-
I read the news a few hours ago from another source and it seems to me all very curious. Jackson Palmer says cryptocurrencies are for rich people, has Palmer noticed now?. This reminds me of Tesla, who did not know that bitcoin is mined with electricity. Anyway, personally Palmer's opinion seems irrelevant to me, it is very easy to make such statements after becoming a millionaire thanks to what he now criticizes.
-
I will still blame him because almost all the investor of dogecoin who thinks that it will reach to $1 and put their trust on it are now dumped and crying. :D