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Cryptoassets are mechanism for crooks to get money, says Dogecoin co-founder

crypto

TL;DR Breakdown

  • Jackson Palmer Dogecoin (DOGE) co-creator wishes crypto was dead
  • Cryptoassets, according to Jackson, are a mechanism for crooks to gain money while doing nothing, which is negatively impacting the economy

Jackson Palmer, the co-founder of renowned meme crypto-asset Dogecoin (DOGE) is allegedly issuing a warning that crypto has not yet entered the phase of dormancy. According to Jackson, this is despite the massive decrease in all properties in the area.

A new article published by Australian news media Crikey News revealed that Jackson Palmer, who co-founded Dogecoin with Billy Markus in 2013 as a joke, claims that we aren’t yet in a crypto winter because advocates of digital assets are still pouring money into the business. In addition, He also suggests that digital properties could be a fraud that people haven’t noticed yet.

Jackson further adds that he wouldn’t ‘call it a winter,’. Moreover, Crypto promoters continue to pour money into the market. They’re waiting for a new batch of knuckleheads to arrive which normally occurs in cyclical patterns. You wait a bit for the world’s collective memory to forget how much of a fraud it is.

According to Jackson, Initial coin offerings (ICOs) and decentralized autonomous organizations (DAOs) have both been used. It’s now all about non-fungible tokens(NFTs). The latest thing he is seeing is first game offerings.

Dogecoin (DOGE) co-creator view of crypto assets

Cryptoassets, according to Jackson, are a mechanism for crooks to gain money while doing nothing, which is negatively impacting the economy. He Unfortunately wishes crypto was dead, but it isn’t. Jackson adds In a broader sense, in this system of griftonomics, hypercapitalism, and rentier capitalism, more and more people are doing nothing but getting money off doing nothing, which has messed us all up.

It has given them this strange mental issue that things that people would have said “That’s bizarre” five or ten years ago are now acceptable.

Last year, Jackson triggered a social media firestorm by attacking digital properties and labeling slogans like decentralization and sound money as “facades” and “get-rich-quick schemes” used by the wealthy to seduce the poor into traps and evade taxes.

Benson Mawira

Benson Mawira

Benson Mawira is a content writer with aesthetic expertise in different types of SEO-based articles of niches related to technology. I write news on cryptos, NFTs, and also Blockchain. I am to provide high-quality and plagiarism-free work to clients.

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