Dogecoin co-creator Jackson Palmer has slammed the cryptocurrency market, dashing hopes he might one day return to it.
Palmer co-created Dogecoin as a meme, although the currency has since gone on to become a major force in the crypto market. In fact, at one point Dogecoin was the fourth most valuable cryptocurrency.
Despite its success, and despite crypto’s reputation as a decentralized currency, Palmer has no intention of returning to the market and is now slamming it.
Palmer says the crypto market, rather than being decentralized, is actually controlled by a wealthy few.
Palmer’s commentary is likely to anger some and validate others, but is nonetheless a fascinating take on the crypto industry.