Especially Elon Musk’s along with his posts Dogecoin, managed to be among the cryptocurrencies that were the subject of the most news of the last period. Jackson Palmer, one of the founders of this internet meme-concept crypto money, which has a large volume, has made a very hard exit in crypto.
Palmer, who made very harsh statements on his Twitter account, Dogecoin described it as a hyper-capitalist technology built to increase the wealth of supporters. On the other hand, this is not Palmer’s first statement against cryptocurrencies.
Palmer spoke harshly
Jackson Palmer, in a statement on his Twitter account “After years of study, cryptocurrencies are essentially based on the combination of tax avoidance, regulatory oversight and artificially imposed scarcity to increase the wealth of its supporters I believe it’s a built-in, essentially right-wing, hyper-capitalist technology” used the expressions.
Palmer also stated that cryptocurrencies do not keep people away from financial institutions and do not reduce decentralization, as claimed by its proponents. “a powerful group of wealthy personalities who have evolved over time to include many of the same institutions linked to the existing centralized financial system that they claim to replace. by cartelchecked” stated.
Cryptocurrency is a cult/sect” similes Palmer also underlined that this trend is similar to the get-rich-quick trend. Moreover, while cryptocurrencies facilitate profiteering for those at the top, makes the vulnerable less vulnerable too claimed.
Cryptos continue to be discussed
In many countries before new regulations on cryptocurrencies steps were taken. Palmer also said that cryptocurrencies exacerbate corruption, fraud and tax evasion, while even defrauding users is seen as user error.
While some countries are preparing to accept cryptocurrencies as their own currencies, some countries are taking a stance by explaining that they see them directly as unreal money. We will see what the result will be in the future.