Dogecoin co-creator Jackson Palmer is again with extra harsh phrases for the crypto business, group, and its influencers. This time, he’s after Mark Cuban.
The Adobe engineer accused the investor of operating a “grift” by making an attempt to say a stake within the “extractive, grifty system of cryptocurrency.”
Drinking the Crypto Kool-Aid
In an interview with Business Insider, Palmer mentioned that he thinks Cuban has “drunk the Kool-Aid” surrounding crypto and NFTs.
“Mark Cuban isn’t getting paid as a celebrity to promote this stuff,” he defined. “He actually has kind of been indoctrinated into believing that these things are the future.”
Palmer was one among two designers behind Dogecoin – a high 15 cryptocurrency that’s gained relative reputation among the many common public, and the fervent adoration of Elon Musk.
Ironically, he and his co-creator Billy Markus initially designed the coin as a mockery of the speculative irrationality that permeates crypto investing. While Markus has nonetheless welcomed the crypto group with a extra lighthearted perspective in the direction of the house, Palmer has upheld outright hatred in the direction of it for years.
“Back in 2013 — or even when crypto was first coming out in 2008 — there was a portion of it that was actually a response to Wall Street and the overarching capitalist system,” Palmer mentioned. Since then, the creator “quickly realized” that crypto’s largest voices merely wished to create a newly exploitative system, inserting themselves on the high.
Alongside Cuban, Palmer consists of Marc Andreesen and Chris Dixon in that group. The billionaire and investor respectively are common companions at Andreesen Horowitz – probably the most deeply concerned enterprise capital companies within the crypto business. Interestingly, Block Head Jack Dorsey has made comparable implications about Marc Andreesen being a part of a “grift”.
Neither Andreesen nor Dixon responded to Insider’s request for remark. Cuban, nonetheless, mentioned Palmer’s statements weren’t something new. “Sounds like the same thing that has been said about every new technology I’ve been involved in,” he mentioned.
Elon Musk Fires Back
Palmer focused Elon Musk with comparable criticisms in May, claiming he was a “grifter” who was making an attempt to destroy Twitter. He additionally claimed that Musk doesn’t perceive the best way to run primary code.
Musk replied to Palmer’s feedback the next day, calling the co-creator a “tool” who himself had the “coding skills of a child.” The billionaire is on higher phrases with Markus, nonetheless, whom he often shares memes with over Twitter.
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