Dogecoin creator says crypto industry financially exploits the vulnerable
The Hindu
Jackson Palmer took to Twitter to explain why he would not return to the cryptocurrency industry, stating it is built to amplify the wealth of the rich by exploiting the poor.
Jackson Palmer, co-founder of meme-inspired Dogecoin, has called the cryptocurrency industry a “right-wing, hyper-capitalistic technology” built primarily to amplify the wealth of the rich by extracting money from “the financially desperate and naive”. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Jackson Palmer and Billy Markus created the meme-based token Dogecoin in 2013 as a joke, with no intention of making it one of the top cryptocurrencies.
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