In a recent interview with The Project, Dogecoin co-founder Jackson Palmer said that cryptocurrencies are the driving force behind the scams.
“Because this (cryptocurrency) is beyond government control, because of these irreversible transactions, it really means a lot for scammers to step in and do everything hassle-free,” Palmer said.
However, the Australian software developer claims the cryptocurrencies themself are scams. According to Palmer, the property is a joke, so he doesn’t own it. He left the project shortly after coming up with the idea and grew increasingly frustrated with the community.
The software developer admits he’s glad he didn’t get rich from DOGE. Crypto millionaires who ignore losers tend to be overly optimistic. Palmer recently made headlines after confronting Tesla CEO Elon Musk. The DOGE co-founder has repeatedly labeled this billionaire as a “fraud”.
In his most recent interview, Palmer also criticized celebrities promoting cryptocurrencies and trading platforms, claiming that it all comes at a price.
Although people also lose a lot of money with stocks, Palmer points out those markets are heavily regulated by regulation. A lot of people who are living a very luxurious life thanks to cryptocurrencies often run exchanges or other important companies.
“For each of those people, there could be ten or even a hundred people who were unlucky,” Palmer insisted.
DOGE, the largest meme cryptocurrency, has dropped more than 90% in value from its record high as of press time.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews