Web3, Altcoin and Market Comments from 2 Dogecoin Inventors!

Dogecoin co-founder Jackson Palmer reiterated his criticism of the cryptocurrency industry in a recent interview with the Sydney Morning Herald, claiming it’s a “parasitic” technology that has claws for scams of all kinds. Meanwhile, DOGE’s other founding partner, Billy Markus, came to the fore with his new statements.

Dogecoin founder criticizes crypto backers

Palmer made statements about DOGE in a new podcast called Griffonomics. According to Palmer, unregulated technology makes it much easier for scammers to commit their scams. The Dogecoin co-founder says cryptocurrencies attract people because of the lure of quick gains and celebrity endorsements. She stated that the industry will always come up with new narratives to attract more buyers. Among these narratives, “to completely replace banks in 2009” highlighted “decentralized finance”, the web3, and NFTs.

Dogecoin Inventor Shocked: These Altcoins Are Trash!

Palmer recalled Matt Damon’s widely ridiculed cryptocurrency ad. He also made fun of paying millions for a “JPEG of monkeys” alluding to the Bored Ape Yacht Club NFT collection. After confusing Dogecoin’s main backer with Tesla CEO Elon Musk, Palmer specifically targeted other crypto-friendly billionaires in his latest interview, calling on Andreessen Horowitz co-founder Marc Andreessen and Dallas Mavericks owner Mark Cuban. Palmer says the same people who destroyed the economy during the global financial crisis (GFC) between mid-2007 and early 2009 are now running the cryptocurrency show.

Billy Markus: I know I’m here because of Elon Musk

Meanwhile, Billy Markus, the other founder of Dogecoin, came to the fore with his new comments. Over the past few days, Billy Markus has been the target of criticism on crypto Twitter mainly for his hostility towards cryptocurrencies. Markus, who uses the name Shibetoshi Nakamoto on Twitter, tweets against the attacks. Responding to a crypto fan who said he should be more humble in the crypto space, given that he has created a “meme coin,” Markus said; He stated that his criticism of cryptos had nothing to do with it, considering he left the project about a few months after he launched DOGE and had nothing to do with DOGE for over 7 years.

He said he has nothing to do with being humble since he quit after starting the DOGE project more than 7 years ago. He went on to say that Elon Musk is currently famous in the crypto space because of marketing and making DOGE famous. AmkNews.com As we have also reported, it is a fact that Elon Musk has been heavily supporting Dogecoin for a while and even praised it for its energy efficiency. Elon also plans to work with a team of developers to advance the DOGE network. Markus used the following statements:

The Crypto Space Is Mostly Bullshit

According to Billy Markus, who never wanted to deal with cryptocurrencies anymore, the crypto space is mostly garbage. He recently said that all projects on Binance Smart Chain (now BNB Chain) are garbage. He deeply believes that most crypto projects launched these days are aimed at benefiting only a few people rather than society.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.