Dogecoin's creator also said cryptocurrency's technology limits others from auditing, regulating and taxing the industry in such a way to prevent corruption and fraud.
Dogecoin co-creator Jackson Palmer has called"cryptocurrency an inherently right-wing technology."
Palmer went on to say that the cryptocurrency industry uses"shady business connections, bought influencers and pay-for-play media outlets" to create a cult-like belief that one can"get rich quick" from the currency. This allows the industry to"extract new money from the financially desperate and naive," he added.
Palmer also wrote that he no longer engages in public discussions about cryptocurrency because powerful leaders and retailers in the industry will"smear" any"modest critique" of the technology rather than engage in a"good-faith debate" or"grounded conversation."
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