Posted 16 июля 2021,, 11:26

Published 16 июля 2021,, 11:26

Modified 24 декабря 2022,, 22:37

Updated 24 декабря 2022,, 22:37

Global deception! Cryptocurrency Creator Reveals Sensational Project Details

Global deception! Cryptocurrency Creator Reveals Sensational Project Details

16 июля 2021, 11:26
One of the creators of Dogecoin cryptocurrency Jackson Palmer revealed in his blog the true state of affairs in this area.
Digital Economy

The creator of the Dogecoin cryptocurrency (named after the Doge meme dog) Jackson Palmer made several sensational statements on his blog that shed light on this phenomenon in the modern financial world. And this is despite the fact that the openly "playful" Dogecoin, created by him together with his colleague Billy Markus, has become one of the most popular in the cryptocurrency market, so much so that today its capitalization already exceeds $ 25 billion, and Elon Musk plans to pay for his mission to the moon with it.

It is interesting that Palmer practically left this field of activity in 2015, and only now explained the reasons for his act. In his opinion, the entire cryptocurrency industry has long been under the control of the richest people on the planet, in fact, merged into a centralized financial system, which she allegedly planned to replace. Now, even the slightest criticism about cryptocurrencies is sparking anger from the people who control the industry, as well as the discontent of investors hoping to get rich fabulously with cryptocurrencies. As a result, no honest discussion of this area became possible, and therefore Palmer decided not to participate in its public discussions anymore: "This is not consistent with my convictions, I have no strength to try to discuss this with those who do not want to enter into a reasoned conversation..."

Here are just a few quotes from Jackson Palmer's blog:

- After years of research, I believe that cryptocurrencies are inherently right-wing, hypercapitalist technology, created primarily to increase the welfare of its supporters through a combination of tax evasion, weakening of regulatory oversight and artificially created scarcity;

- The cryptocurrency industry uses a web of dubious business relationships, bribed influencers, and corrupt media to perpetuate an iconic get-rich-quick funnel designed to profit from naive and financially desperate people;

- Cryptocurrencies are a mixture of the worst parts of today's capitalist system (like corruption, fraud and inequality) and software for technical restriction of control (like auditing, regulation and taxes), which is designed to protect the common person;

- Financial exploitation, of course, existed before the advent of cryptocurrency, but cryptocurrency was created only to make speculation more effective for those at the top, and more dangerous for vulnerable segments of the population.