Dogecoin Co-Founder Calls Elon Musk a “Grifter”. Although many people support Elon Musk on Twitter, Jackson Palmer, one of the co-founders of Dogecoin, is not a fan of the billionaire Tesla and SpaceX CEO.
In an interview with Australia’s Crikey, Palmer described Elon Musk as a ‘Grifter,’ which literally means someone who “engages in petty or small-scale swindling.”
“About a year ago, when Musk was saying something about crypto, I said Elon Musk was and always will be a grifter, but the world loves grifters,” Palmer said, “They love the idea that they may also be a billionaire one day, and that’s the dream he’s selling.”
The comments could have resulted from Musk’s occasional promotion of Dogecoin and Shiba, among other meme coins. Elon Musk’s tweets typically drive the prices of these tokens, which typically cool off after a short period of time.
Jackson Palmer, co-creator of the well-known cryptocurrency, has stated that his interactions with Tesla CEO Elon Musk have left him very unimpressed, claiming Musk does not know how to run basic code.
Palmer explained: “Elon reached out to me to get hold of that script and it became apparent very quickly that he didn’t understand coding as well as he made out. He asked, ‘How do I run this Python script?’”
Mr. Palmer also believes Elon Musk is attempting to acquire Twitter in order to either “destroy” it by lowering people’s trust in the platform, thereby lowering the takeover bid price, or “he’s delusory enough to believe he can build an alternative.”
About The Elon Musk Crypto Saga
Elon Musk has frequently promoted Dogecoin as part of his freewheeling, shitposting persona, and mentions of the meme coin as recently as this week have sent its value skyrocketing. Palmer, on the other hand, is not a fan of Musk or other billionaires.
The criticisms directed at Elon Musk extended to the entire crypto ecosystem, which Palmer has frequently referred to as a Ponzi scheme. According to him, the current crypto winter has yet to end, and those who will suffer the most are those on the lower end of the financial spectrum.
According to Palmer, one advantage of the current crypto downturn is that more people are paying attention to the flaws of cryptocurrency and the community surrounding it: “There’s been an awakening. They’re realizing ‘well, this is actually bullshit’. They’re seeing the cracks in the paint.”
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