Harsh criticism by the creator of the humorous cryptocurrency: “I will never return to them, they bring the worst of capitalism”

Photo Credits : Shutterstock

Opinions about cryptocurrencies are quite different. While some see a future in them and decentralized financial systems, others are of the opinion that this type of money is “meaningless and risky.”

Also, the latter state that they are “black market means of payment“. However, we cannot deny that bitcoin greatly influenced the strengthening of the reputation of cryptocurrencies, thanks to which many became millionaires in a short time.

However, it is interesting that this week, one of the creators of the so-called memes or funny cryptocurrencies Dogecoin had an announcement is Jackson Palmer.

That version of digital money was created as a joke, but this year, “on the wings” of Elon Musk (Tesla) – achieved great success, and its market value is more than 25 billion dollars.

Namely, Palmer wrote in a series of posts on Twitter that, after years of study, he can conclude that this is right-wing hypercapitalist technology – developed primarily with the aim of increasing the wealth of those who advocate it. He states that “he will never return to cryptocurrencies”.

He believes that they are “controlled by a powerful cartel of the rich”, who have evolved since advocating decentralized systems, and now include many of the same institutions that are connected to the existing centralized system, which they are supposed to replace.

The crypto industry combines the worst of today’s capitalist composition, such as corruption, fraud, and inequality, and uses software to technologically limit interventions such as regulation and taxes, which should serve as protection for ordinary people,” he wrote on Twitter.

By: Amber V. – Gossip Whispers