Dogecoin Founder Jackson Palmer Calls Cryptocurrency Facilitating Fraudsters

Crypto Dogecoin. (Unsplash)

JAKARTA – The co-founder of the meme coin Dogecoin, Jackson Palmer, recently made a surprising statement regarding cryptocurrencies. The colleague of Billy Markus alleged that crypto had facilitated the fraudsters.

"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.

On the other hand, the Australian programmer did not mention that crypto is a scam. Palmer himself repeated his statement against crypto. According to him cryptocurrency is a joke. The DOGE founder admitted that he was not interested in owning it.

Jackson Palmer and Billy Markus founded Dogecoin as a joke response to Bitcoin. He left the developer Dogecoin because he had a personal view on cryptocurrencies.

Palmer further stated that he was happy for not getting rich with Dogecoin. He said crypto millionaires are not aware of another fact because people who get rich from crypto have lost other people's money.

In an interview with The Project, Palmer candidly expressed his views regarding celebrities who often promote cryptocurrency or who are lined up to be brand ambassadors of certain crypto exchanges. This proves that everyone has their own price, aka can be bought.

On the other hand he added a lot of people who lost money from the stock market. Palmer further stated that the stock market is highly regulated.

Then, he told of many people who live very luxuriously from crypto. Usually they run important exchanges or companies related to the crypto industry. All of them profit from the loss of others.

“For each of those people, there could be ten or even a hundred people who were unlucky,” Palmer insisted.