Dogecoin Creator Calls Out Mark Cuban for Running a Crypto Grift

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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 running a “grift” by making an attempt to assert 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 movie star to advertise this stuff,” he defined. “He really has type of been indoctrinated into believing that this stuff are the longer term.”

Palmer was one in all two designers behind Dogecoin – a high 15 cryptocurrency that’s gained relative recognition among the many normal 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 angle in direction of the house, Palmer has upheld outright hatred in direction of it for years. 

“Back in 2013 — and even when crypto was first popping out in 2008 — there was a portion of it that was really a response to Wall Street and the overarching capitalist system,” Palmer mentioned. Since then, the creator “shortly realized” that crypto’s largest voices merely needed to create a newly exploitative system, putting themselves on the high. 

Alongside Cuban, Palmer consists of Marc Andreesen and Chris Dixon in that group. The billionaire and investor respectively are normal companions at Andreesen Horowitz – one of the crucial deeply concerned enterprise capital corporations 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, nevertheless, mentioned Palmer’s statements weren’t something new. “Sounds like the identical factor that has been mentioned about each new expertise I’ve been concerned 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 how one can run primary code. 

Musk replied to Palmer’s feedback the next day, calling the co-creator a “software” who himself had the “coding expertise of a youngster.” The billionaire is on higher phrases with Markus, nevertheless, whom he repeatedly shares memes with over Twitter. 

The post Dogecoin Creator Calls Out Mark Cuban for Running a Crypto Grift appeared first on CryptoPotato.

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