Dogecoin creator calls crypto "inherently right-wing, hyper-capitalistic technology" used to scam the vulnerable

Jan

Jan

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Dogecoin creator rips into cryptocurrencies

Dogecoin creator Jackson Palmer has returned to Twitter to post a thread blasting cryptocurrency, calling it an "inherently right-wing, hyper-capitalistic technology" that is being used to scam the vulnerable.

According to Palmer, the technology was built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
 
Jan said:
Dogecoin creator rips into cryptocurrencies

Dogecoin creator Jackson Palmer has returned to Twitter to post a thread blasting cryptocurrency, calling it an "inherently right-wing, hyper-capitalistic technology" that is being used to scam the vulnerable.

According to Palmer, the technology was built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
Click to expand...
LOL, just like every other commodity sold for profit
 
Who cares, he was a no body and is still a no body.

The only legacy he left is Dogecoin and Dogecoin is responsible for the most pump and dump cycles in recent months out of all other pump and dump shtcoins.

So I guess well done Mr. Jackson, now go back into your hole, no one needs you.
 
To clarify, a lot of people with left wing views thought that crypto would be a saviour for the people, freeing them from banks and government. But it hasn't turned out like that at all, it is mostly owned by a few people and used to speculate.

I agree with his posts.
 
Limiting the money supply or having a gold standard is a form of austerity. Unless we can hand out Bitcoin/crypto to everyone it ensures that those who own the majority, mostly early adopters, will always be strong.
 
Synaesthesia said:
To clarify, a lot of people with left wing views thought that crypto would be a saviour for the people, freeing them from banks and government. But it hasn't turned out like that at all, it is mostly owned by a few people and used to speculate.

I agree with his posts.
Click to expand...
Thanks for the explanation, but isn't left wing in favor of government control?
 
Well left wing means pro worker or pro poor people. Generally involves a strong state, but there are libertarian socialists who don't want a state, very close to Anarchists. The Spanish revolution was like that.
 
Jan said:
Dogecoin creator rips into cryptocurrencies

Dogecoin creator Jackson Palmer has returned to Twitter to post a thread blasting cryptocurrency, calling it an "inherently right-wing, hyper-capitalistic technology" that is being used to scam the vulnerable.

According to Palmer, the technology was built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
Click to expand...
Oh my... what a pillock. I guess he didn't expect it to do what it did LMAO.
 
Synaesthesia said:
To clarify, a lot of people with left wing views thought that crypto would be a saviour for the people, freeing them from banks and government. But it hasn't turned out like that at all, it is mostly owned by a few people and used to speculate.

I agree with his posts.
Click to expand...

So what you are saying is that no matter the monetary system in use that those who are smarter and better at it will rise to the top ?

Well in that case crypto and specifically bitcoin is succeeding because those who are better should be rewarded. The idea that everyone will just get something for nothing is yet again shown to be a communist myth and with the bitcoin blockchain we can again see that capitalism and free market will always win out at the end.

TLDR; if you don't in the work stop thinking you will get equal distribution.
 
Synaesthesia said:
Well left wing means pro worker or pro poor people. Generally involves a strong state, but there are libertarian socialists who don't want a state, very close to Anarchists. The Spanish revolution was like that.
Click to expand...

Left wing means burn everything down and redistribute wealth. It is not far from pure communist ideas where the government should act the central party redistributing everything aka dumbest sht the world is dealing with right now.

Right wing is nothing more than everyone should be able to live their best life based on their own capabilities without some central force telling them what they can do with their own life. No one is entitled to just have things they cannot afford to earn on their own. Very basic idea but too many people simply refuse or unable to live within their own means and always want more even though they cannot afford it.
 
Hoping he can achieve the opposite and push the value up. Where's Elon when you need him.
 
Jan said:
Dogecoin creator Jackson Palmer has returned to Twitter to post a thread blasting cryptocurrency, calling it an "inherently right-wing, hyper-capitalistic technology" that is being used to scam the vulnerable.
Click to expand...

/strokes Ferengi ears
 
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